Comment by chaostheory
7 hours ago
> such oversimplification on steroids is totally misleading.
Yes, so the kettle is calling out the pot?
> globalism was never invented or promoted to help any country in poverty
It doesn’t matter what it was designed for. What matters is what it does in reality and there is no doubt that globalism helped lift China from Mao’s disastrous policies. That’s not mutually exclusive from China’s past as the Middle Kingdom
To steel man the person you are replying to, what reduced poverty in China was money from globalism + significant domestic reinvestment of that money into poverty reduction. That reinvestment policy was a deliberate choice, and now China has the biggest middle class in the world.
An example of a country which didn’t do that is Nigeria. They got something like $300B in oil revenue over a 30 year period but have actually seen significant increases in poverty, now at 70%.