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> Well, it sort of works: massively increasing the wealth of any third world country Things are more complicated in real world, because even if massive wealth
by pizza234 10y ago
> Well, it sort of works: massively increasing the wealth of any third world country
Things are more complicated in real world, because even if massive wealth is created (say, a boom of a certain industry), it doesn't necessarily go where it's supposed to.
Here [1] there is a real-world example of how, in a country with a strong mining industry, the "colonialists" get all the money, and the "colony" gets the crumbs (of course, that doesn't imply that this is always the case).
[1] Published long ago on HN: https://psmag.com/why-is-zambia-so-poor-f44dfeedd5ed https://psmag.com/why-is-zambia-so-poor-f44dfeedd5ed