4 ms·
> Leave $1 in the country for every $100 you take out of it Keep in mind that things don't have an intrinsic price. Copper is worth a lot because it can be use
by Camillo 13y ago
> Leave $1 in the country for every $100 you take out of it
Keep in mind that things don't have an intrinsic price. Copper is worth a lot because it can be used for electrical and electronic machinery. If the Europeans had never even visited Zambia, most of that copper would never have been extracted, and the rest might have been used for pots or daggers (hopefully they would also find tin to make bronze). I'd say that Zambia derives more utility from 0.6% of the revenue of copper sold to the developed world than it would from 100% of the copper used with bronze-age technology.
In other words, it's not a case of taking $100 and leaving $1, but of taking $0.1, turning it into $100, and giving back $1.