The Mudcat Café TM
Thread #165570 Message #3973545
Posted By: robomatic
25-Jan-19 - 08:19 PM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
This has certainly affected the US economy. It is probably relating to some of the comments that are focused on current economic plights.
Worldwide population is inexorably growing, thus increasing the availability of labor, esp. cheap and very cheap labor.
Technology has enabled the reliable movement of capital.
The above two points have led to what is called globalism.
Uncontrolled it leads to rapid impoverishment of once stable working classes.
With regulation and some discomfort, it can lead to the changes in manufacturing and service industries that most of us have been witness to.
With controls and tariffs and embargoes, many of the inevitable changes can be held off for a time providing false sense of security and temporary job pseudo-stability.
The development of the EU, and such agreements in the West and Asia as NAFTA and the TPP were attempts to acknowledge the inevitable changes to the world economy while minimizing (the over-used fancy work is 'mitigating') the pain of displacement and redundancy. Obama was onto this, but unfortunately Trump made a successful appeal to fear and ignorance. I think the BREXIT affair was parallel only that Europe had its own issues (the bureaucratic rule out of Brussels and the population displacement out of Turkey, Arabia and Africa. What the anti EU and anti-Obama movements had in common was fear (a lot of it understandable) and a certain amount of racism (not accusing everyone of racism, just saying that it doesn't take much to make a difference).
Bottom line: These changes are going to come regardless, and those who can manage to align for them will experience the least pain.