This is all driven by globalisation, and don't get me wrong I'm a globalist, but this is just a fact. First manual labour in manufacturing was outsourced abroad, then higher tier tech jobs in software and product engineering. Now big firms from former third world countries are muscling in on markets at every level of the economy, creating competition at every level of business. You can't add hundreds of millions of C…
> The result has been a pause in income growth in the western world. We've benefited from cheap imported goods, but lost out in domestic growth. Except that's not true. There's been growth; it's just all gone to the very wealthy in the West.
The Real Class War
121–130 of 634 posts
Re: The Real Class War
#122Earlier quoted context omitted.
The big ideological divide in families (usually between generations) is a serious symptom of our inability to really communicate and compromise. In large part these ideological groupings are meaningless and inconsequential. Mostly because it doesn't really matter, for most of the people the feedback is very much lost in the noise. (There's institutional inertia, states are big, changes are slow, Congress doesn't chan…
"The big ideological divide in families (usually between generations) is a serious symptom of our inability to really communicate and compromise. In large part these ideological groupings are meaningless and inconsequential." I think this is only true in very specific circumstances. Ideological divide can also mean disowning your child for being gay, which is why among homeless youth there's a disproportionate amount…
Re: The Real Class War
#123I disagree that the working class is not going to radicalize itself. They too are out here on the internet, talking to each other and culturally evolving at an unprecedented rate, like everyone else. For the first time they have the power to publish and think in public uncoupled from professional barrier. Better believe it’s being used, and that they will assert their awareness.
The election of Donald Trump could be seen as the result of the radicalisation of the working class.
Re: The Real Class War
#124This is all driven by globalisation, and don't get me wrong I'm a globalist, but this is just a fact. First manual labour in manufacturing was outsourced abroad, then higher tier tech jobs in software and product engineering. Now big firms from former third world countries are muscling in on markets at every level of the economy, creating competition at every level of business. You can't add hundreds of millions of C…
> The result has been a pause in income growth in the western world. We've benefited from cheap imported goods, but lost out in domestic growth. Except that's not true. There's been growth; it's just all gone to the very wealthy in the West.
Re: The Real Class War
#125This is all driven by globalisation, and don't get me wrong I'm a globalist, but this is just a fact. First manual labour in manufacturing was outsourced abroad, then higher tier tech jobs in software and product engineering. Now big firms from former third world countries are muscling in on markets at every level of the economy, creating competition at every level of business. You can't add hundreds of millions of C…
> The result has been a pause in income growth in the western world. We've benefited from cheap imported goods, but lost out in domestic growth. Except that's not true. There's been growth; it's just all gone to the very wealthy in the West.
Re: The Real Class War
#126Earlier quoted context omitted.
Average voter doesn't care about the merits of competitive advantage. Maybe if the Chinese actually opened their markets up to competition would we see true benefits in the west. The problem of course is preventing the majority of the wealth going straight to the top.
Maybe if China played by the rules, and did something about ip theft...
So, we shouldn't forget history and be shocked that the US is having its economic secrets stolen, as that's happened numerous times in the past.
Re: The Real Class War
#127This is all driven by globalisation, and don't get me wrong I'm a globalist, but this is just a fact. First manual labour in manufacturing was outsourced abroad, then higher tier tech jobs in software and product engineering. Now big firms from former third world countries are muscling in on markets at every level of the economy, creating competition at every level of business. You can't add hundreds of millions of C…
One big problem is GHW, Clinton, GW and Obama said we’d be able to sell into their market and we’d come up on top. That the middle class would see more and better jobs as a consequence (we’d graduate from arduous manual labor into more value add). That’s been nonsense. Perot was prescient and he was right. But we laughed him off the stage. Instead, big biz, some bankers some dealmakers, politicians and other value ad…
Re: The Real Class War
#128I disagree that the working class is not going to radicalize itself. They too are out here on the internet, talking to each other and culturally evolving at an unprecedented rate, like everyone else. For the first time they have the power to publish and think in public uncoupled from professional barrier. Better believe it’s being used, and that they will assert their awareness.
Re: The Real Class War
#129This is all driven by globalisation, and don't get me wrong I'm a globalist, but this is just a fact. First manual labour in manufacturing was outsourced abroad, then higher tier tech jobs in software and product engineering. Now big firms from former third world countries are muscling in on markets at every level of the economy, creating competition at every level of business. You can't add hundreds of millions of C…
Inches and markers exist which never existed before.
All those new workers are consumers for goods and services from America.
America soy beans are famously bought in China, as are American bonds.
Economically- if you get cheaper goods, you do more with the same income, meaning your quality of life goes up.
The issue is not the growth of China- the issue is the distribution of wealth.
As the pie has grown, the share of the pie has changed.
Re: The Real Class War
#130Earlier quoted context omitted.
One big problem is GHW, Clinton, GW and Obama said we’d be able to sell into their market and we’d come up on top. That the middle class would see more and better jobs as a consequence (we’d graduate from arduous manual labor into more value add). That’s been nonsense. Perot was prescient and he was right. But we laughed him off the stage. Instead, big biz, some bankers some dealmakers, politicians and other value ad…
Don’t forget how Reagan told us that tax cuts would “trickle down” and busting unions would make us all more prosperous.
On the other hand he deregulated airlines and telephony which jump started the tech revolution.