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Globalization, i.e, only makes the rich richer and keeps the poor poor. Comparative advantage just means exploit cheap labor. When Adam Smith wrote about capitalism in the Wealth of Nations he never imagined a global economy and assumed that profit in any business would eventually go down and that labor costs, i.e., wages, would and should go up.

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Marcus aka Gregory Maidman
Marcus aka Gregory Maidman

Written by Marcus aka Gregory Maidman

Living 17,043rd human life. I am Marcus (universal name) or you may call me Greg; a deep thinker; an explorer of ideas and the mind.

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