Derek Thompson of The Atlantic has an interesting post arguing that globalization is the single most important factor in the decline of the American middle class. Among other facts, Thompson notes that 97% of the jobs being created in America are in sectors of the economy not subject to foreign competition. It’s good that at least some in the mainstream media are catching up to reality and recognizing that globalization is not the great good that decades of propaganda found in that same mainstream media said it was. But if you wanted to learn that globalization was bad before great damage had been done, you would have had to turn to publications willing to buck the conventional wisdom, such as this one.
August 21, 2012June 16, 2022By Tom Piatak