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I dont think there is a conspiracy where all capitalists refuse obvious profits that can be made in the 3rd world, and not one of them is greedy enough to go fo
by s1artibartfast 2y ago
I dont think there is a conspiracy where all capitalists refuse obvious profits that can be made in the 3rd world, and not one of them is greedy enough to go for it.
Instead, I think there are some very real barriers to returns in these locations making them much less profitable and worse investments.
- geysersam 2y agoYes, there are barriers that can not be overcome by rational actors in market. That's a systemic problem. It's not a conspiracy, just bad economics.
- s1artibartfast 2y agoEconomics is just economics. It is bad policy which leads to bad market incentives and undesirable equilibrium.