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Because they essentially exported their poverty to the first world.
by jojobas 4y ago
Because they essentially exported their poverty to the first world.
- bergenty 4y agoPoverty in the first world isn’t real poverty.
- ausudhz 4y agoor probably the first world was stealing their assets (natural resources) while exporting disgrace (weapons, drugs)? You should read a bit more so you'd know for example what the opium wars have done to China and what the colonialism has done to India (both perpetrated by the same first world country) Historically India and China were always the wealthiest (up to the second industrial revolution) regions out there (as in the concept of India and China as we know now are post world war II) What we are actually seeing today is a rebalancing of wealth that is pretty much needed so that in the US a person would need to have just 1 vacation instead of 3, while in India someone can put some food in their table and allow their kids to go to college.
- jojobas 4y agoSure, let's justify a modern disaster by a past one. First world's wealth of the 20th century had nothing to do with India's or China's misfortunes of yesteryear, European/US de-industrialization and poverty is 100% globalization-inflicted.
- ausudhz 4y agoSo was the right thing to engage in wars in Asia and colonize 2/3 of the world? You've no idea of what these actions have done long term for the countries. Those things are pretty relevant since India form example gained his independence around 70 years ago, not 4 century And clearly you never read any history book
- saiya-jin 4y agoYou are wrong in both your posts, colonialism literally raped every country and stole any wealth that was there to be stolen. Humans, animals, crops, minerals etc. You should travel around a world a bit especially in affected countries/continents, clearly this enlightening activity evaded you.
- ClumsyPilot 4y agoLets not blame other countries for our fucksups, half the income of western families goes to housing and thats noone's fault but ours
- kwere 4y agothese countries were always agrarian economies that had enourmous GDP numbers due to their sheer population numbers which supported a minuscule wealthy landed elite, nothing comparable to industrialised and service based economies. Explotation was always limited, first due to tecnological limits, so it cant be used to describe systemic failure in decades spans. The culpript for stagnation is easily found in Centralization, mindless bureaucratization, socialism and commando economy idiocy both in Cina and India, and how things improved when approaches changed after decades of stagnation at best. >in the US a person would need to have just 1 vacation instead of 3, while in India someone can put some food in their table and allow their kids to go to college this is a view of economics which put the center of economic productivity in raw workhours and not organizations and capital. Not true in most cases, the competitivity of poor countries outside of manpower intensive Industries (es: garments, which moved out of china in 2018 due to labour cost) is low to no regulation on (bad) business practicies which increase shareholder values edit: economics are not for the most part zero sum games