In North America, and maybe Europe, the share of worker wages has decreased to the benefit of the elite, but World-wide prosperity has increased DRAMATICALLY in the decades of "globalism" and "neoliberalism"
BILLIONS of people escaped poverty worldwide in exchange for the millions that entered it in the US.
Unfortunately it's not clear what the next step for those billions is. It's certainly not the path that the US and Europe went through for their post-industrial and post-war boom. But what is it instead? It's uncertain and unwritten.
At this point the existential threat to the majority of humanity isn't a lack of clean drinking water, vaccinations, and upward mobility opportunity. It's climate, heat waves, flood, and all the effects that affect everyone across class divides (except the 0.01% in their mountain bunkers)
Well, it's not western-centric to say that they (corporations/capitalists) reduced the workers' share of the revenue or profits. The workers for the corporations that moved production out of the USA and the EU pay their workers a smaller fraction of their revenue than they used to.
Yes, we've done a lot to reduce poverty in many parts of the world. There is a (relatively) furious argument going on, however, about the role of capitalist corporations in that process.
In North America, and maybe Europe, the share of worker wages has decreased to the benefit of the elite, but World-wide prosperity has increased DRAMATICALLY in the decades of "globalism" and "neoliberalism"
BILLIONS of people escaped poverty worldwide in exchange for the millions that entered it in the US.
Unfortunately it's not clear what the next step for those billions is. It's certainly not the path that the US and Europe went through for their post-industrial and post-war boom. But what is it instead? It's uncertain and unwritten.
At this point the existential threat to the majority of humanity isn't a lack of clean drinking water, vaccinations, and upward mobility opportunity. It's climate, heat waves, flood, and all the effects that affect everyone across class divides (except the 0.01% in their mountain bunkers)