Blackboard economists said that globalization would be good for Americans. ...It had a few winners and... many losers. ...It ...led to an epidemic of… - John Komlos

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Blackboard economists said that globalization would be good for Americans. ...It had a few winners and... many losers. ...It ...led to an epidemic of Deaths of Despair in which so much was destroyed in America. Hyper-globalization destroyed... neighborhoods and cities and everything in the ... It was like an atomic bomb hit... Alcohol poisoning, drug overdoses accelerated... the destruction of human lives.

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About John Komlos

(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.

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[I]f we're not able to shift our paradigms, if we are stuck in the Arrow–Debreu world, then we're going to become the neoserfs of the oligarchs. Just like Aldous Huxley predicted in his novel, a Brave New World

Being isolated from markets... had its advantages as long as the population density did not exceed the carrying capacity of the land, because subsistence peasants/farmers had little choice but to consume all of their own food output. Once they became integrated... they had to compete with other segments of the population for food, which tended to impinge on their nutritional intake...

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[P]er-capita income can be an ambiguous measure of welfare during the early stages of economic development unless it moves in the same direction as the biological standard of living...

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