Who are the Winners and Losers of Globalization?

Slow income growth among the middle class of rich countries like the U.S., Japan and Germany is widely attributed to globalization. A lack of upward mobility has been frustrating for many, leading to an increase of political populism on both sides of the spectrum.

Former World Bank economist Branko Milanovic has created the “elephant chart,” which answers the question: Who are the winners and losers of globalization? Marketplace's Scott Tong explains. #MarketplaceAPM #Globalization #EconomicExplainers

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[autumnc.ivancic]

This give a clear insight to how globalization and politics are connected.

[Pfsif]

The 1% wins enormously and the middle class disappears.

[andrewrothwell]

so like....what is happening exactly? I don't see it

[DingisMaximus]

Europe got rich and their lives improved over mass exploitation and theft and war in Africa, Asia and the Americas.

[jbiswas]

Wrong at the start. Read Angus Maddison’s report on economic history of the world. World economy is not Western Anglo Saxon economy. So “not much was happenning in the world...” is so wrong.

[HaluhalongPuna]

i don't see any wrong with the elephant graph (capitalism). poor people's lives have improved. middle class stays middle. rich 1% became richer. everyone is in good condition. isn't that the goal?

[maureenjanousek]

Fuck Globalists Evil Plan for One World Government