why poor countries don't catch up

[morganist]

Quote from IanMacQuaide:

China and Japan aren't "hot", Greece gave us the beginnings of Democracy, and Eygpt was great if you were in the ruling class, sorta like Communist Russia.
All great civilizations rise and fall, and I don't have all the answers.

japan is hot and hong kong and the south of china is hot. i went there when i was younger my relative said you have to have air conditioners in the wardrobe because of the humidity.

 

[Free Thinker]

"When the missionaries came to Africa
They had the Bible and we had the land.
They said "Let us pray." We closed our eyes.
When we opened them we had the Bible and they had the land."
Bishop Desmond Tutu.

 

[nutmeg]

why poor countries don't catch up
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Let's scale down the problem. Why can't poor localities catch up with the rich ones within the same state. Or a poor state catch up with the rich state.

Every locality and state should have equal access to the same financial captial with the same rules.

Perhaps it is intellectual capital that accounts for the difference.

 

[morganist]

Quote from nutmeg:

why poor countries don't catch up
-----------------------

Let's scale down the problem. Why can't poor localities catch up with the rich ones within the same state. Or a poor state catch up with the rich state.

Every locality and state should have equal access to the same financial captial with the same rules.

Perhaps it is intellectual capital that accounts for the difference.

then you have to look at what creates intellect.

did you get the pm on martinghoul. i dare you to ask him if he knows the relationship between the fractional reserve mechanism and the central bank. watch him squirm.

 

[nutmeg]

Which brings to mind, Dubai. They are not poor but they are playing catch up via innovation. Big buildings, experimental architecture, environmentally designed geography.

 

[morganist]

Quote from nutmeg:

Which brings to mind, Dubai. They are not poor but they are playing catch up via innovation. Big buildings, experimental architecture, environmentally designed geography.

yes and oil. none of that would be possible if it wasn't for the oil.

i really think the real problem is corruption and either the inability or lack of will for people to stop it. i think this is also why countries that were successes are now failing.

you could argue churhes enable development due to the moral code and active involvement preventing corruption. as church power has diminished in us and europe so has the morality and now the rot is starting to set in.

what do you think?

 

[nutmeg]

Quote from morganist:

then you have to look at what creates intellect.

did you get the pm on martinghoul. i dare you to ask him if he knows the relationship between the fractional reserve mechanism and the central bank. watch him squirm.

Yes I got the pm, and thank you very much, you answered my question perfectly. As far as asking follow up to martinghoul, I'll take a pass.

 

[antitrust]

Quote from achilles28:

This, systemic corruption and wild currency debasement.

However, some poor countries are catching up. By tearing the west down.

Globalization is just a transfer of wealth (read: jobs) from the West to the East (and South America).

and all empires eventually have to plunder the rest of the world to keep the dynasty strong. No counrty has enough productivity to dominate the world

 

[antitrust]

Quote from nutmeg:

why poor countries don't catch up
-----------------------

Let's scale down the problem. Why can't poor localities catch up with the rich ones within the same state. Or a poor state catch up with the rich state.

Every locality and state should have equal access to the same financial captial with the same rules.

Perhaps it is intellectual capital that accounts for the difference.

or maybe their willingness to gain wealth by any means necessary regardless of the aftermath. I rarely see a correlation between wealth and intellect.

 

[clacy]

Quote from antitrust:

or maybe their willingness to gain wealth by any means necessary regardless of the aftermath. I rarely see a correlation between wealth and intellect.

Ha! Are you saying that those in undeveloped countries are morally superior to those of us in developed countries????? I would say that it's opposite if anything.