Wednesday, November 25, 2020

Globalism

After the Big War the US was the super power and some felt this power should be used to make the world a better place. It got started with the way the US helped to rebuild Germany and Japan. At that time the US held 50% of the worlds wealth with only 6% of the worlds population. As this concept continued it grew into the concept of globalism. The US did not have enough money to bring the world out of poverty but by using business it was able to make a significant contribution to the poor in third world countries. By the turn of the century the US and other western countries had moved over a billion people out of poverty. In the US this was accomplished by sending manufacturing jobs to China. This allowed American companies to produce goods at low cost and this allowed American consumers to buy these low cost goods. Slowly over 30 years the good paying jobs were replaced with low cost goods and it was like the rat in the pot of water that was slowly heated until the rat died. The blue collar workers figured out what was going on and elected Trump as someone who promised to reverse this trend by bringing jobs home from China. The question we now face is will Biden continue this trend or will he go back to the days before Trump. So far his cabinet represents going back. If that happens corporations will once again have access to cheap foreign labor and the profits that go along with it. The blue collar people will trade their good jobs for everyday low prices at Walmart.

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