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Oh, some more emotional Bernie stump speeches have found their way again into this thread. It's nice to see that Bernie is somewhat acknowledging the impact of technology on jobs instead of just blasting trade deals. His social revolution is very heavy into emotions, and he even has a few economists that support his tax and spending plans. However, let's have a reality check. I read all the stuff and watch all the videos that Carlitos and others post. I have written my perspective in a few blog articles on jobs and trade that are largely dismissed by many on this website.
So Carlitos, this is an article I have referenced in one of my blog articles and a few threads. Read it and tell me how on a global scale Bernie Sanders tax and economic plan fits in with these trends.
McKinsey Global Institute, April 2015: The four global forces breaking all the trends
If these four trends are indeed true, I have a hard time understanding how any kind of protectionist or punitive measures in the Sanders political revolution will work in harmony with these trends...all four of them: Urbanization, technological change, the aging world (related to the topic of this thread), and finally the global connections of flow of capital, finance, people and data.
The authors summarize:
"These four disruptions gathered pace, grew in scale, and started collectively to have a material impact on the world economy around the turn of the 21st century. Today, they are disrupting long-established patterns in virtually every market and every sector of the world economy—indeed, in every aspect of our lives. Everywhere we look, they are causing trends to break down, to break up, or simply to break. The fact that all four are happening at the same time means that our world is changing radically from the one in which many of us grew up, prospered, and formed the intuitions that are so vital to our decision making.
"This can play havoc with forecasts and pro forma plans that were made simply by extrapolating recent experience into the near and distant future. Many of the assumptions, tendencies, and habits that had long proved so reliable have suddenly lost much of their resonance."
I admit to be kind of a nuanced person. I think about all kinds of things that have zero relevance to the worker who has lost his job. I can think ideologically in Bernie's world for a while, but then my thinking gets all clouded as I focus more on the reality of not only today but future trends...globally.