The Chinese Challenge

Good article. I think inequality has a way of rectifying itself over time, especially in a global economy. When someone is willing to work for much less, and comes to have similar skills as people in other countries, in time there is likely to be a change that makes it worthwhile to hire that person.

Yet famine and poverty are much less today, so the productivity per person is much higher, and that is better for everyone. Unfortunately, competition can still have losers, but now, more than before, the losers are not as likely to experience extreme poverty and starvation.