8cda82da_brary_of_Economics_and_Liberty__ast_Highlights_HIDE_HIGHLIGHTS
[Time] 1:04:57
Inequality, one of the concerns about globalization. Time travel example in book, imagine if your great-great-grandmother was transported to the home of Bill Gates; what would that person find remarkable? They would probably be dumbstruck most about things we take for granted: bathe daily in hot water that doesn't have to be hauled, indoor plumbing, keep all teeth, tuberculosis cured, TV, cars that drive at unheard of speeds, take pills called aspirin to relieve headaches, contact lenses. Difference between Gates's family's life and yours and mine is small compared to the difference between our lives and our ancestors' lives. No one in America starves, we have basic health care, little and curable head lice, music, TV, entertainment available for everyone. China and other countries are less poor because they have opened their borders, and we are less poor for it.
Don Boudreaux on Globalization and Trade Deficits | EconTalk | Library of Economics and Liberty