Quote:
Originally Posted by joeyDizzle
yeah, i read this forum a bit
i dont know what youre talking about because he's arguing against some posts in another thread, and then you're talking about subsidizing other countries
when he says the relevance of globalization on other countries, i guess he's talking about the benefits to them, when you say subsidize, im not sure what you're talking about, because poor people benefit from global trade without any subsidies, them making a product cheaper than an american isn't a form of subsidy
so, what are you talking about?
The standard capitalist rhetoric is about how everybody benefits from a growing economy. As has been shown repeatedly in the various inequality-related threads, this has been completely false by almost every metric for the past 40 years in the US.
Market apologists were sent scrambling for a new story, and they came through with a massive goal post shift about how it's OK that we're not getting any growth benefits because the developing world is, thanks to globalization.
In other words, you receive no direct returns from your contributions to economic growth. Your efforts subsidize the growth of others instead. You are a charity.
I suppose that's pretty noble, but it's probably not much of a motivator for most people.