Globalism is the logical conclusion of capitalism. You can argue the two have distinction and you'll be right, but trade loves free borders and price inequalities don't go away when you levy proportional taxes on imports. The more insular your nation becomes, the more detached they are from the actual value of things. A capitalist rejecting globalism is like the clergyman refusing gospel.
It's ultimately the businesses that decide how to conduct their business. If moving your jobs overseas is a cheaper strategy than producing something domestically, you will have a hard time getting anyone to stick around. Our problem today is that America raised it's standard of living without reciprocally raising the median value of the American worker.
No, it may be the logical conclusion of Free Market Capitalism or laissez-faire capitalism. Which is the direction that the US was going down but that does not mean that we have to go that route.
>If moving your jobs overseas is a cheaper strategy than producing something domestically, you will have a hard time getting anyone to stick around.
Hence tariffs....
You can't have a consumer class if they cant afford to consume. You can't demand environmental protections and then turn around and claim it cost too much so we build it in a country that we can pollute in. TANSTAAFL
We want environmental protections, we pay for them. Business owners want customers, they pay for them by paying fair wages.
Peak free-market unregulated capitalism failed when GFC happened. We have been bailing it out ever since. US has not had a surplus since 2001. I don't know what this 'socialize losses, private profits' is but it does not look like capitalism. GFC showed that capitalism has to be regulated IMO. And tariffs could be part of this regulation.
there is no non-free market capitalism; capitalism that is laissez-faire is not true capitalism, it's a mixture of capitalism and socialism (which is what we actually have in the US, mostly starting with FDR, but which can't bring ourselves to actually admit because "socialism is bad".
> Business owners want customers, they pay for them by paying fair wages.
Huh? WalMart has plenty of customers and they don't pay fair wages. They don't have to because they use economy of scale to put all the smaller businesses, who might have paid fair wages, out of business.
Paying fair wages is not a feature of capitalism -- only if you are in a market sector that demands it. Corporations hate it, thus offshore production, but they survive by convincing enough people that having lots of cheap shit is better than paying fair wages (even if it destroys a significant portion of the American workforce).
This has a first mover advantage and bound to eventually fail. They're taking advantage of the fact other companies still pay...better, and siphoning off the money.
When every company is put out by an 'economy of scale' type company with the same tactics, you end up with a lot of sellers and no more buyers.
Globalism is the counter model to localized Globalism ,aka empires, starving the little map filler countries without power and who than band together to build catch-up-empires of their own warring on the predecessor empires aka worldwars.
It's ultimately the businesses that decide how to conduct their business. If moving your jobs overseas is a cheaper strategy than producing something domestically, you will have a hard time getting anyone to stick around. Our problem today is that America raised it's standard of living without reciprocally raising the median value of the American worker.