Walton family, owners of Walmart, run the company by exploiting the labor force and social safety nets like welfare. Walmart is the largest company with the most employees on some sort of welfare. Tax payers are propping up their stock. This allows them to retain more of the profits versus sharing them and removing their employees from the welfare system. None of their listed actions have to do anything with globalization to retain their wealth.
Taxing the wealth and redistributing helps. Saw this in the 1950-1960s with building of new infrastructure to replace the aging or expand the supply to offset the demand. Using the money to pay for new training so lost jobs can be replaced where jobs are needed helps too. Even the simple act of ending starvation in children increases their intellect for the next generation and helps support the future. This method will never be perfect. These are band-aid solutions that have actual results.
Reality is that the inequality is a social problem masquerading as an economic problem. Society has moved to from respecting empathy and humanity to respecting greed and power. People mind set is anchored to, “That person is quite wealthy so they should be smart and some god must love them for it.” Reality is that person exploited a labor force to maximize their wealth. They are not more intelligent nor does some god like them better. Look at how many rich people fell for Elizabeth Holmes’s blood testing scam while a person that actually studies blood understands parts per millions in looking for test markers. A vial of blood or more is needed versus a drop.
Want to fix the system? Start looking at the wealthy with disgust and damnation. Demonize them for being the driving force in economic inequality. Move back to honoring and respecting empathy and humanity. Real intelligent people have empty. It lets them be placed in the shoes of others when they will never can experience it themselves.
I would also caption the wealth gab in the USA as modern day segregation. The world happiness index shows that equalizing the rich and poor creates a better sociality. Respecting the wealth and demonizing the poor is the complete inverse of a better society and maximizes soar.
PS. Why do people think bulling trade partners will be beneficial? Say you are store owner or product producer and you keep trying to bully me to by your products. I will not and go the competition, even with higher costs or deem the product or service not worth it. I already started boycotting USA bourbon manufacturers with their arrogant and bully statements during the Tariff Wars.
Do good, demonize extreme wealth. Irony is so many GOOD Christians even ignore Jesus’s statement on this matter with pretending Matthew 19:24 doesn’t exist.