In which racist MIT econ professors and racist redditors try to come up with every theory under the sun aside from racism and colonialism
In which racist MIT econ professors and racist redditors try to come up with every theory under the sun aside from racism and colonialism
Citizens bad, governman bad, markets bad
Protestant work ethic is on the same level as "curtains are blue" in terms of inducing the most intoxicating forms of liberalism.
Actually, here they acknowledge that weak and ineffective government is the thing holding those countries back economically. Of course, the reason for this is (neo)colonialism (murdering anyone who even hints at nationalisation of resources).
It's funny how capitalists say one thing, but when their money is on the line they know exactly how economics actually work.
Even without there being an obvious explanation that analysis is so empty "why are they poor" "they lack properties of a wealthy economy" like fucking duh. How do you plan on instituting all this state infrastructure in a resource starved country?
"Doctor, why do I have a cold?"
"You have a cold because your nose is runny, you have a sore throat, and you're coughing"
Also,
Africa isn't poor because it's underdeveloped, it's poor because it's over exploitedStart here -> "The just don't have ☆good Institutions☆"
"Why is that?"
...
End here -> "The African brain pan is blah blah blah"economists will be like "the third world doesn't understand Basic Economic Management Theory" and they're literally just talking about The Secret and the pbs series where milton friedman explains that pencils are made in factories.
Property rights are insecure and very inefficiently organized, markets do not function well, states are weak and political systems [do] not provide public goods.
In other words, African nations are poor today because African nations are poor today
Property law being weak is accurate as hell. Of Property rights were justs all the companies that steal the resources should be nationalized.
if you need to ask this question you're literally just stupid
Economics always side steps these issues. Oh, you see, it is the Dutch curse, resource rich countries are always doomed to become reliant on volatile commodities, no I will not elaborate, no, I don't know anything about CIA intervention, IMF debt traps or colonial legacy. This is what no historical materialism does to a motherfucker.
hey google explain why africa is poor but only with racism
Why is it so hard for people to understand that people everywhere would prefer not to be poor
They talk about these issues as if Africans are without the will to improve these conditions
Edit: should say "economists" not people