My bank account tells a different story. Only very few people got richer. General purchasing power fell off like cliff in the US after the 70s when all the outsourcing happened. There is nothing positive about globalization. The bad effects are somewhat mitigated by a massive amount of technological progress.
> closing borders to competitors outside eventually leads to inferior product.
There is no proof for that. With close borders you can simply steal the intellectual property of your competitor and match the quality within a year. The Chinese are doing this for decades.
> In general though, everyone is lifted up and made richer over time
This is quantifiable wrong. Maybe you have to get out of your filter bubble. If anything globalization leads to more inequality. The statistics about how the top 1% make all the money whereas everybody else loses are neither controversial nor new.
My bank account tells a different story. Only very few people got richer. General purchasing power fell off like cliff in the US after the 70s when all the outsourcing happened. There is nothing positive about globalization. The bad effects are somewhat mitigated by a massive amount of technological progress.
> closing borders to competitors outside eventually leads to inferior product.
There is no proof for that. With close borders you can simply steal the intellectual property of your competitor and match the quality within a year. The Chinese are doing this for decades.
> In general though, everyone is lifted up and made richer over time
This is quantifiable wrong. Maybe you have to get out of your filter bubble. If anything globalization leads to more inequality. The statistics about how the top 1% make all the money whereas everybody else loses are neither controversial nor new.