Re:Why some nations are rich and others poor (2016)
by mc32 on Monday June 22, 2020 @06:01PM
(#23607377)
Mostly it’s lack of investment in industrialization and at fist finding a niche and growing from there.
The US was heavily regulated and oppressed by the British and we endured wars against world powers and fought an internal civil war, yet we still came ahead. Russia could have, China could have (and now are catching up).
You can be an empire and colonize and extract and do all kinds of bad things to your enemies but it doesn’t guarantee success (Portugal, Spain). It’s a complicated thing. Some countries get it right and some countries always find excuses.
The US was heavily regulated and oppressed by the British and we endured wars against world powers and fought an internal civil war, yet we still came ahead. Russia could have, China could have (and now are catching up).
You can be an empire and colonize and extract and do all kinds of bad things to your enemies but it doesn’t guarantee success (Portugal, Spain). It’s a complicated thing. Some countries get it right and some countries always find excuses.