"But matters are not that simple, and the moral lines are not that clear. In fact, let me make a counter-accusation: The lofty moral tone of the opponents of globalization is possible only because they have chosen not to think their position through. While fat-cat capitalists might benefit from globalization, the biggest beneficiaries are, yes, Third World workers." PK
That was not true then, and it is not true now.
Matters were that simple, and the moral lines were that clear.
Matters were that simple, and the moral lines were that clear.
The biggest beneficiaries moreover were, and remain, the top .1% of the top 1%.
That, by itself, is tragic enough for the West.
But, here is an equally important point, going forward:
Even if what he said were true, I would be even more disappointed about it, for the common man of the West, leaving aside totally the point about the top .1% of the top 1%.
1987: In 1987 he quipped that, "If there were an Economist's Creed, it would surely contain the affirmations 'I understand the Principle of Comparative Advantage' and 'I advocate Free Trade'."
That, by itself, is tragic enough for the West.
But, here is an equally important point, going forward:
Even if what he said were true, I would be even more disappointed about it, for the common man of the West, leaving aside totally the point about the top .1% of the top 1%.
1987: In 1987 he quipped that, "If there were an Economist's Creed, it would surely contain the affirmations 'I understand the Principle of Comparative Advantage' and 'I advocate Free Trade'."
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