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The Langers Forum
Economics Nerd Central/ The Global Inflation Thread
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<blockquote data-quote="Stacky" data-source="post: 7074673" data-attributes="member: 22688"><p>Not really sure about the "<em>benefitting the West" </em>apart from great new cheap smartphones every year that we do not need and disposable fashion along with cheap electronics shipped to here from across the globe <em>(the West always had someone somewhere to provide cheap commodities and labour historically)</em> years after denuding the U.S. of its manufacturing base that then led to Trump populism and the Brexit fantasy of "Global Britain" rather than successful blocs like NAFTA & the E.U. looking dated in the face of populism and strongmen like Putin & Orban etc.</p><p></p><p>+the huge implications for the climate of billions of newly wealthy Indians and Chinese etc wanting all the same crap that we have and crossing the globe in jets to get it. Once you get "rich" you get rich countries problems.</p><p></p><p>Africa is on our doorstep and it has been ignored for too long and we can start to invest and develop there or just keep fooling ourselves.</p></blockquote><p></p>
[QUOTE="Stacky, post: 7074673, member: 22688"] Not really sure about the "[I]benefitting the West" [/I]apart from great new cheap smartphones every year that we do not need and disposable fashion along with cheap electronics shipped to here from across the globe [I](the West always had someone somewhere to provide cheap commodities and labour historically)[/I] years after denuding the U.S. of its manufacturing base that then led to Trump populism and the Brexit fantasy of "Global Britain" rather than successful blocs like NAFTA & the E.U. looking dated in the face of populism and strongmen like Putin & Orban etc. +the huge implications for the climate of billions of newly wealthy Indians and Chinese etc wanting all the same crap that we have and crossing the globe in jets to get it. Once you get "rich" you get rich countries problems. Africa is on our doorstep and it has been ignored for too long and we can start to invest and develop there or just keep fooling ourselves. [/QUOTE]
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