[Marxism] Fwd: Is Globalization to Blame?
lnp3 at panix.com
Thu Jan 12 08:06:09 MST 2017
I find Dean Baker's arguments somewhat specious. He says:
"Among the many myths about globalization, the worst is that the loss of
large numbers of manufacturing jobs in the United States (and Europe)
was inevitable. Because the developing world is full of low-paid
workers, this argument goes, it was impossible for Americans to compete."
But he does not explain how there might have been an alternative.
Instead he is preoccupied with the overly high wages of doctors:
"Policymakers could have exposed more highly paid workers such as
doctors and lawyers to this same competition, but a bipartisan
congressional consensus, and presidents of both parties, instead chose
to keep them largely protected."
What does this have to do with GM building cars in Mexico?
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