The American public is turning hard against globalization.

In 1997, nearly twice as many college graduates thought globalization was good for America as thought globalization was bad. In March 2008, attitudes of college graduates had flipped—1.4 times as many thought globalization was bad as thought it was good. Respondents with only high school educations thought globalization was bad in 1997 and were more strongly of that opinion in March 2008. The polls were conducted by NBC News and the Wall Street Journal and reported by WSJ here.

That a college education is less well compensated now than in 1997 is undeniable. For example, graphs attached to the WSJ post show that inflation-adjusted incomes of all educational groups with bachelor's degrees or less have declined from 2001 (the bottom of a recession) to 2007 (the growth cycle top). Only groups with Ph.D. or professional degrees had increases during this expansionary period.

The question is whether the people polled accurately attributed their pain to globalization. So far, the only contrary argument presented by globalization boosters is that "we have faith that globalization is good, so if something bad is happening globalization can't be the cause." Evidently, the victims of globalization are choosing to believe their own lying eyes instead.

Comments

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[Carababe]

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[Kitchen Remodeling Ocala]

Mass politics in the streets disappeared in the U.S. between 1970 and 1973. In retrospect, it is clear that the years 1964 to 1970 were not a "pre-revolutionary situation", but anyone who lived through those years as an activist can be forgiven for thinking it was. Any number of people in the ruling circles shared the same error of judgement. The black urban insurrections of 1964 to 1968, the working-class wildcat rebellion (often led by black workers) from 1966 to 1973, the breakdown of the U.S. military in Indochina, the "student" and "youth" rebellions, and the appearance of militant feminist, gay and ecology movements were all indicators of a major social earthquake. Thirty years after they ended, the "sixties", for the left and for the right, still hang over American society like smoke after a conflagration.

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[mood ring]

World poverty is ancient, yet the hope of real progress against poverty is new. Vast regions and nations from Chile to Thailand are escaping the bonds of poverty and oppression by embracing markets and trade and new technologies. What some call globalization is, in fact, the triumph of human liberty stretching across national borders. And it holds the promise of delivering billions of the world's citizens from disease and hunger and want. This is a great and noble prospect, that freedom can work not just in the new world or the old world, but in all the world.

mood ring