> Warren Buffett Blog: Society needs to do more to help people left out by Globalization

Monday, May 1, 2017

Society needs to do more to help people left out by Globalization

We need an educator in chief, logically the president, not specifically this president but any president, has to be able to explain to the American public the overall benefits of free trade. And then beyond that we have to have policies to take care of the people that become the roadkill in the process.

Investors can diversify their investments so that overall trade benefits them and they don’t get killed by a specific industry condition, but workers can’t do that. If they get destroyed by something that is good for society, they get destroyed.

We should try to hit both objectives, to make sure there is not roadkill and 320m people get the benefits of free trade.