Thursday, September 20, 2018

COTW: Global Affair

US Person, aka "the communist" thinks globalization has not done much for the American worker.  This late-stage capitalist development has put him and her in direct competition with low wage workers around the world.  The IMF says it is often associated with widening economic inequality, putting more money into the pockets of the rich than into those of the poor.   This chart from the IMF shows that the countries benefiting most from globalization are those with less developed economies, such as Ethiopia on the left of the chart: