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Graft from the elites is the reason, not supposed unequal contracts from western companies. Also, wealth of nations comes from production, not just mere exploi

Graft from the elites is the reason, not supposed unequal contracts from western companies. Also, wealth of nations comes from production, not just mere exploitation of ressources. Countries like Germany got very rich early by producing valuable things instead of selling their ressources. On the contrary, Portugal had dozens of gold mines, and now it's much poorer than european industrial powerhouses.

aatd86 3y ago
It's a system. The elites duplicity from both side lead to bad contracts.
- Kretinsky 3y ago
  This happens in any African country, whatever the colonizer. For instance, Nigeria is hardly dominated by foreign powers, yet it is a prime case of crony capitalism.