How globalization should work

[Beet]

Rationally, is there any way to deal with the fact that there are vast disparities of wealth between rich and poor countries, while still having a global economy? Easily.

Common sense would indicate that the poor countries want to become rich, and they need capital to do it, whereas the rich countries have capital.

The situation should be a dream for white, Midwestern manufacturing workers. They should be having good jobs in unionized plants that build machinery for countries like Ethiopia, which then use that machinery to build their country. Americans get their jobs, Ethiopians get richer, everyone is happy.

[Associate Justice PiT]

     This works until companies realize that it's cheaper to just have the factory in Ethiopia.

[Beet]

     This works until companies realize that it's cheaper to just have the factory in Ethiopia.

Not necessarily.

http://www.forbes.com/sites/stevedenning/2016/12/05/could-donald-trump-solve-the-real-jobs-problem

[Associate Justice PiT]

     This works until companies realize that it's cheaper to just have the factory in Ethiopia.

Not necessarily.

http://www.forbes.com/sites/stevedenning/2016/12/05/could-donald-trump-solve-the-real-jobs-problem

     So the stock market has been promoting this trend? That makes a lot of sense to me, given the other ways in which a drive towards growing shareholder value has been detrimental for American companies by creating a culture where short-term growth is prioritized over long-term stability.

[🦀🎂🦀🎂]

Basically trade unions and legislation should operate on a global scale. That, ultimately, is the only choice we have to avoid barbarism.

[DC Al Fine]

Basically trade unions and legislation should operate on a global scale. That, ultimately, is the only choice we have to avoid barbarism.

How exactly would global trade unionism work? I've heard it proposed by you and others before, but it seems like it would have problems being effective, since one free rider could swoop in and attract massive amounts of investment.

[Lord Halifax]

Basically trade unions and legislation should operate on a global scale. That, ultimately, is the only choice we have to avoid barbarism.

In that case barbarism is inevitable.