4 ms·
> In third world, generally the same amount of money goes much longer than in the West. There are some things that just cannot be purchased in the third world,
by jfim 6y ago
> In third world, generally the same amount of money goes much longer than in the West.
There are some things that just cannot be purchased in the third world, though. Stability, a well educated population, a fair court system, confidence in the institutions that supply infrastructure (roads, trains, bridges, water, electricity, etc.), low perceived corruption, confidence that property rights will be upheld, high trust low friction transactions, and so on.
There's definitely variance between the different first and third world countries, and all countries have their pros and cons, but some things can definitely not be purchased with money.