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You're making some unfounded assumptions in the construction of this straw man. The first being that "places like Africa" aren't thriving economically (twelve
by gozur88 10y ago
You're making some unfounded assumptions in the construction of this straw man. The first being that "places like Africa" aren't thriving economically (twelve countries had higher GDP growth than California last year despite low oil prices).
The second that businesses in less developed countries don't suffer under a lot of arbitrary taxes and regulations.
- rndmio 10y agoHigher GDP growth as a percentage? Comparing developed economies to developing ones with that metric isn't particularly useful.
- gozur88 10y agoI would argue it's the only number that's useful. Total GDP is a function of policies going back hundreds of years, which were likely to have been quite different.
- blackflame7000 10y agoHow else are you supposed to compare? Actual GDP? That certainly doesn't make any sense.