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Rising a country out of poverty is close to zero sum. When they rise out, those incomes are coming from people in developed countries.
by whenwillitstop 10y ago
Rising a country out of poverty is close to zero sum. When they rise out, those incomes are coming from people in developed countries.
- mistermann 10y agoWhen many millions of people go from being subsistence farmers to producing a massive amount of manufactured goods on the planet, how could you possibly come to the conclusion that it is a zero sum game?
- st3v3r 10y agoBecause many of the people in the developed world who used to be doing that manufacturing are now out of work. Unfortunately, at least here in the US, we've been pretty bad at retraining and helping those who get laid off because factories moved overseas.
- wyager 10y ago>Rising a country out of poverty is close to zero sum This is obviously false. When a poor country becomes developed, the net productive capacity of humanity increases.
- whenwillitstop 10y agoIn a completely undeveloped ecoonomy, there is no money to be made domestically. It is all coming from producing for advanced economies. One of the biggest fallacies in current times is that of a growing pie. People in the United States are starting to catch on as the middle class vanishes.
- deleted 10y ago[deleted]
- CompelTechnic 10y agoI think the "elephan curve" described above contradicts your point. We see 80% growth near the bottom of the world income distribution, and ~0% growth at the worst point for the American/ developed world middle class. If it was zero sum, there would have to be some negative growth somewhere. The whole world is lifting itself into wealth, despite the hand-wringing of pessimists. It's awesome!