At the ASI.
Oxfam seem to be suffering from some form of brain spasm. Either that or they\’ve been hijacked by loons. Their latest campaign is that we must raise inequality levels back to what they were in 1990.
In a nutshell this globalisation thing has raised in country inequality: and lowered global inequality. It\’s also led to the largest reduction in absolute poverty in the history of our species. I regard that as a pretty good deal myself. Certainly, if someone had offered it in 1980 as a deal then I would have signed up to it. That the British (in fact, all rich world) working and middle classes mark time in terms of rising incomes for a couple of decades. The plutocrats get ever more plutocratic. And the larger effect is that billions move from destitution to three squares, a change of clothes and a roof over their heads. Each and every day as well.
I\’d sign on to that bargain in a heart beat. As I would expect everyone to. If you\’d said to St. Bob back at Live Aid, well, here\’s how we do it. Stop goverments being idiot fuckwits (that\’s the Washington Consensus for you) and let global capitalism and markets rip, red in tooth and claw, and the poor will indeed become rich. He might not have believed you but I\’d wager that he would have taken the deal if he did. Hell, he\’d have signed Satan\’s Parchment to get such an outcome, whatever the means.
And yes, this is what we would expect from globalisation. Adding a couple of billion low paid peeps to the global workforce would be expected to work this way. It has. And it\’s still a good fucking deal. As one example, manufacturing wages in China have gone from $1,000 a year to $5,500 a year between 2000 and today. British or US wages for the average schmo have marked time in that decade. And the reason this is a bad idea is what?
And haven\’t all the fucking lefties been telling us for decades that this is what needs to happen? That we rich world peeps need to share the wealth, the incomes, with the poor of the world? And isn\’t that what\’s damn well happening? So what\’s the whining about you cunts?
The most important single fact about the last 30 years is that the number in absolute poverty has fallen. Dropped like a stone. For fucks sake, in sub-Saharan Africa they\’ve had both rising incomes and falling inequality.
This is what everyone sodding wanted. What everyone should in fact desire. And now that it\’s happening the fuckwits want to turn the clock back and destroy this progress?
Hanging\’s too good for them, isn\’t it?