I don’t believe a word these assh*les speak

From Reuters:

World finance leaders on Thursday decried a growing populist backlash against globalization and pledged to take steps to ensure trade and economic integration benefited more people currently left behind.

Globalization has been driven  by taking high paying jobs and transferring them to low wage countries.

I have a few questions regarding these concerned world finance leaders:

  1.  Did they think when they started transferring these jobs that people losing their jobs in high wage countries would be excited about the process?
  2. If shareholders and investors and owners of these companies keep the increased profits that result from paying fewer wages to produce their products why would they now say they are are going make globalization work better?

Either they bring those jobs back to high wage countries which won’t happen much or they somehow redistribute some of these profits back to those people who have been victimized by globalization.

I don’t see either one of those as real options.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s