[MichailP]

How come shortsighted thinking became so popular? Cut jobs, close factories for short term gain of the elites, but in the long term? There may be no one left to rule...

[philipov]

That's because once they're done looting, the elites can now just move to New Zealand or somewhere.

[lostlogin]

That shameful episode with Peter Thiel is the prime example. https://i.stuff.co.nz/national/88843382/peter-thiel-citizens...

[HillaryBriss]

economists do not factor these risks and costs into their assessments. globalized free trade and labor are generally always assessed as win-win by economists.