Comment Re:What happems (Score 1, Insightful) 491
So, WTF isn't our US government doing it best to try to fight this trend.
They are there, after all.....supposedly...to fight for our interests above all other countries.
Why don't we fight anymore to try to fucking win??
I think you're a bit confused about whose interests the government is fighting for; it's only "our interests above all other countries", if you define "our" as pretty much overlapping with the one percenters. Most of the moves the US government made in the last 20 or more years have been very beneficial to the richest Americans, and neutral or harmful to the rest (just look at the evolution of the inequality index in the USA). The first to be affected were blue collar workers and the really poor, but the process continues, and the impact on the middle class in the USA is growing and I believe will do so for the foreseeable future.
The big losers in this are the middle classes in the developed countries (especially the USA). The US rich are doing great, as they have the US government fighting for them, and, interestingly, workers in other countries have gained quite a bit from the US policies. With the relaxation in trade and regulations, the lot of the average worker in China, Vietnam or some of the Eastern European countries (or even places like Bangladesh) has improved considerably. Of course, long term the economy is not a zero sum game, but short term, the increase of the quality of life for the average Chinese or Vietnamese comes at the expense of stagnant salaries, trade deficits and growing unemployment in the developed world.
So most people on Slashdot should expect their income to grow slowly (if not remain stagnant or even go down) during their lifetime, as globalization forces the worldwide equalization of incomes - which equalization will, for basic economic reasons, happen close to the lower end of the income spectrum. I expect the whole global economy will eventually grow enough for middle class incomes to get back to what the developed countries have enjoyed until recently, but i'm afraid for most of us it may be a rather long time.