While globalization is great for wringing every last drop of profit out of your resources, it’s also very vulnerable and risky.
Present day events make me happy, because I am optimistic that the trend of backing off of globalization will accelerate a bit, and there will be a greater variety of jobs available for people in any given region.
Over the last 15 years, nothing has unnerved me more about living in the United States than growing income inequality. I’m quite sensitive to the feelings of everyone around me… people know when you have much more money than they do, or even more earning potential, and they don’t like it.
Quite a few of them actually hate you for it.
And there’s lots and lots of people who make very little money in the United States, and never have, and never will, and they know it.
If you look at OECD nations where various metrics suggest greater income equality, you will tend to find places where people are content, and are nice places to live.
I don’t think there’s an easy or absolute way of achieving the goal of greater income equality, particularly in places suffering heavily from incompatible multiculturalism.
I simply believe it’s something that puts stress on the social stability of a nation, and it’s best to not let it go too far.