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The answer is equity and fair trade (in the general sense). Let's not pretend that Latin American countries had fair deals and paths to prosperity and they defa
by digging 3y ago
The answer is equity and fair trade (in the general sense). Let's not pretend that Latin American countries had fair deals and paths to prosperity and they defaulted for fun. The history of economic instability in the region is the history of foreign violence and exploitation as much as it is about corruption and poor governance. I'd be interested in seeing what a poor nation could do if given the support to just develop its own economy.
- mc32 3y agoLatAm was not the only region which was exploited by Corps or the IMF, international banking, etc. Others overcame those problems. But I think right now one of their options is to create a regional market like an EU zone and invest in themselves and hopefully realize some of their potential. They can set tehir own rules and expectations as well as benefits and penalties. Just as there is naive art, there is naive economics where people believe in maligning capitalism and expropriation as solutions to their economic malaise.
- digging 3y ago> Just as there is naive art, there is naive economics Not so. Naive art is merely a subset of all art.