PMMJ (cheetahmaster) wrote,

the nutshell in question

"This is what's wrong with globalization. The big gains go to the one percent who need them the least. Developed world workers take a big hit, Chinese workers gain, but not nearly as much or as fast as they should, and First World consumers don't get very much of the benefit of the cheap Chinese labor because the bulk of the wage arbitrage between west and east is going into the coffers of the top executives and the middlemen between producers and consumers. It's not a sustainable way to run the world."

Tags: 2012, defend your thesis, news, quotes, welcome to america

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