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Even a 1 person = 1 spreadsheet cell analysis takes into account that economic output can vary with human capital investment. Low income countries struggle to b
by supertrope 3y ago
Even a 1 person = 1 spreadsheet cell analysis takes into account that economic output can vary with human capital investment. Low income countries struggle to break out of poverty traps by draining swamps, vaccinating, and offering universal public education. You can't work productively if you've got malaria or can't read. Otto Von Bismarck instituted sickness funds to deflate support for socialism.