Re:Want to Be Happy? Buy More Takeout and Hire a Maid, Study...
by rayiner on Monday July 31, 2017 @07:26PM
(#14896739)
> The current "world order" (for lack of a better term) in regards to the economy ensures disadvantaged people remain disadvantaged, keeps people who are poor in poverty for the foreseeable future.
I mean, that's demonstrably false. When I lived in Bangladesh as a young child, GDP per capita was $250 per year in current dollars. Today it's about $1,500 per year. In my lifetime it's gone from about 6% of US GDP per capita to 10%.
I absolutely agree with the other poster that the "world order" does not keep countries poor. With a lot of exceptions, it's bad governments and bad value systems that keep people poor. In 1969, Korea's GDP per capita was also about $250 per year (about 5% of that of the US at the time). Today, it's $27,000 per year, or about half of that of the US. Nothing happened to Korea in 1969. Instead, they started getting their government in order (though it was something of an autocracy at first), implemented market reforms, and prosperity followed.
Note that it took Korea just 25 years to go from having 5% of US GDP per capita to having 33% of US GDP per capita. Meanwhile, in ~35 years Bangladesh has only gone from 5% to 10% of US GDP. Nobody is doing anything to Bangladesh to cause it to grow slower than Korea. It's not a victim of some proxy war like some countries. It's all about the quality of the government and the moral virtue of the people.
I mean, that's demonstrably false. When I lived in Bangladesh as a young child, GDP per capita was $250 per year in current dollars. Today it's about $1,500 per year. In my lifetime it's gone from about 6% of US GDP per capita to 10%.
I absolutely agree with the other poster that the "world order" does not keep countries poor. With a lot of exceptions, it's bad governments and bad value systems that keep people poor. In 1969, Korea's GDP per capita was also about $250 per year (about 5% of that of the US at the time). Today, it's $27,000 per year, or about half of that of the US. Nothing happened to Korea in 1969. Instead, they started getting their government in order (though it was something of an autocracy at first), implemented market reforms, and prosperity followed.
Note that it took Korea just 25 years to go from having 5% of US GDP per capita to having 33% of US GDP per capita. Meanwhile, in ~35 years Bangladesh has only gone from 5% to 10% of US GDP. Nobody is doing anything to Bangladesh to cause it to grow slower than Korea. It's not a victim of some proxy war like some countries. It's all about the quality of the government and the moral virtue of the people.