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If every village has 1 cow and it takes 3 years to produce the first calf, how do you show growth in the meantime? You steal cows from the neighbouring village
by hfd71 2y ago
If every village has 1 cow and it takes 3 years to produce the first calf, how do you show growth in the meantime?
You steal cows from the neighbouring villages.
Therefore some villages have fantastic GDP growth.
So much so they start an IMF to lend stolen cows back to these unenlightened villages as long as they pay interest or cut wages or sell off more of their assets.
Google "Super Imperialism"
- nradov 2y agoArgentina is one of the world's largest beef exporters. No one forced them to borrow from the IMF. They always had the option of reducing spending or increasing taxes to balance their budget.