Globalization: The Misery of the Middle Class Ensured

Ensured destruction of the middle class. Thank you Bill Clinton, Obama, and W. Collective apology to H. Ross Perot.

https://foreignpolicy.com/2019/10/22/economists-globalization-trade-paul-krugman-china/

excerpt below

Paul Krugman and other mainstream trade experts are now admitting that they were wrong about globalization: It hurt American workers far more than they thought it would. Did America’s free market economists help put a protectionist demagogue in the White House?

Note that they are admitting that Trump was right all along about everything, but cling to Never-Trumpism and even insult him for being right by calling him a "protectionist demagogue." --- Jealous much?

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Roundandroundwego · 61-69 Best Comment

"Free Trade" had to be fast tracked into "law" before people could understand how harmful it was going to get. Nobody imagined we'd get that race to the bottom.

Burnley123 · 41-45, M

If you are against international globalisation, then I can't see how supporting Trump is the answer. Its a good article and people should read it.

Free trade and neoclassical economics came in during the neoliberal period of Thatcher and Reagan. Its a tragedy that the nominal centre left accepted this new political reality and went even further with deregulation.

Elessar · 26-30, M

@Burnley123 Nominal center left being neoliberal/capitalists "moderates" who'd rather lose to Trump than anyone actually left of center (even slightly) 😅

Burnley123 · 41-45, M

@Elessar As a Corbyn supporter who is still in the Labour Party, I'm not likely to disagree!

4meAndyou · F

It's fabulous that they are finally admitting what they've done to us...now that they've done their dirty deeds. I once voted for Perot. 😔

TheOneyouwerewarnedabout · 46-50, MVIP

centralization is a dirty word..

pdxlinux · 41-45, M

@TheOneyouwerewarnedabout i'm not familiar with that concept . i will look it up. thanks. i am guessing that it has to do with cronies / globalist elites preventing anyone else from participating in the economy and foreign policies.

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BigGuy2 · 31-35, M

It's the 'middle classes' that fuelled the modern world

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