Re:The Wealthy Are Hoarding $10B of Bitcoin in Bunkers
by imtringued on Wednesday May 09, 2018 @11:46AM
(#17030707)
Your analogy is flawed because the larger issue is that poor villagers can only buy US products with US dollars which means they import food from the US which then displaces domestic production. This causes even more poverty because of the high percentage of subsistence farmers in africa.
If you really wanted to help them grow their economy then you would try to offshore production into that country which leads to infrastructure investments and productivity growth.
If you really wanted to help them grow their economy then you would try to offshore production into that country which leads to infrastructure investments and productivity growth.