The average person is 14x wealthier today, compared to 200 years ago. If wealth were distributed equally, everyone would live above the poverty line. But wealth is not distributed equally.
In my head, the simplified reason for why income production is not well distributed to low income countries is that extractive colonization have prevented them from having job opportunities (or from having the value added exports needed to support jobs). Income stream isn't like wealth where you can just move it around.
If I understand correctly, you're saying that high-income countries are intentionally blocking job opportunities in low-income countries so that people in the low-income countries continue to work the low-income jobs that create economic value for the high-income countries?
maybe not right this second, but historically, sorta. like, a lot of low income countries have rich natural resources that colonialists have been extracting, and it would be more expensive to take those resources if they aren't in poverty, have a functioning democracy, government, statehood, etc.
And you would say that the low-income countries that were impacted by extractive colonialism in the past are still lagging behind? If so, is there anything being done to help those countries catch up?
In my head, the simplified reason for why income production is not well distributed to low income countries is that extractive colonization have prevented them from having job opportunities (or from having the value added exports needed to support jobs). Income stream isn't like wealth where you can just move it around.
If I understand correctly, you're saying that high-income countries are intentionally blocking job opportunities in low-income countries so that people in the low-income countries continue to work the low-income jobs that create economic value for the high-income countries?
maybe not right this second, but historically, sorta. like, a lot of low income countries have rich natural resources that colonialists have been extracting, and it would be more expensive to take those resources if they aren't in poverty, have a functioning democracy, government, statehood, etc.
And you would say that the low-income countries that were impacted by extractive colonialism in the past are still lagging behind? If so, is there anything being done to help those countries catch up?
Yes, that's what I'd say!