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The gini coefficient describes unequality, not standard of living. It only makes sense in places where there has been lots of growth but no or just small gains for the broad middle class or its equivalent (like in the US).

The big story is China and India and the giant progress which has been made there (check it in Gapminder), and no amount of Mexican anecdotes is going to change that.

By the way, massive migration is in itself nothing bad. The hundreds of millions who have left the Chinese countryside hasn't done it because they've gotten worse off - you can't get worse off than a poor Chinese farmer without dying - but because they've gotten an opportunity to live a better life in the cities. It's the same thing which happened in Europe during the 20th century.

All your complaints about the results of free and unfettered trade is not due to the trade itself, but a sympotom of local problems. They are bugs, not features.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu Jan 1st, 2009 at 03:56:52 PM EST
[ Parent ]
When are you going to stop peddling rubbish about China?

  1. They still are not engaging in Free Trade as you know it.

  2. The vast majority of increase in living standards came before they even instituted the current "free trade" reforms.

  3. That pattern of growth out of poverty mirrors pretty well the experiences of both Japan and South Korea and the USA, in fact - there's a whole set of vital steps that occur under protectionism.

I know you don't like it, but the empirical evidence is that "free trade" as you push it doesn't provide the outcomes you think it does.
by Metatone (metatone [a|t] gmail (dot) com) on Thu Jan 1st, 2009 at 04:18:57 PM EST
[ Parent ]
  1. The Chinese are certainly engaging in free trade, they way I mean it. Sure, there are still some tariffs on strategic metals and goods with a high energy content, but that's about it.

  2. Certainly not. It came with Deng, both as a result of him instituting smart reforms and partly by him just not being Mao "let's kill millions through incompetence and malice" Zedong. Like I said before, just check Gapminder. It's a great tool.

  3. I never said the State doesn't have a great role in development. Being a free trader is not the same as being a neoliberal. I've read a great book on development economics which very clearly shows that wothout a strong state you're not going to get anywhere, though I'm not sure if it has been translated.


Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu Jan 1st, 2009 at 04:39:24 PM EST
[ Parent ]

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