Economics of third and first world

>>2941595
That is a really good question with no easy answer. On the one hand keeping them desperate and poor means that they have to sell you their natural resources at rock-bottom prices. On the other hand nations that aren't corrupt third world hellholes cn actually afford to buy the products the first world is selling. America for instance has benefitted vastly more from Japan being a developed nation after WWII than is we had gone full punitive colonization on their asses, ditto for Germany. It may be however that there is a "breaking point" where only so many nations can be developed before there are no longer enough poor ones to supply them. I disagree with this as one can look at things like the oil market where the US can both be a major resource extractor but still be first world.

>>2941803
It makes no sense to have them corrupt abd desperate. Nations with low corruption and high quality of living are more efficient at whatever it is they're doing, be it conflict mineral extraction or high finance.

>>2941595
Of course, the whole world gains from economic prosperity.

If they were wealthy and not corrupted shitholes we wouldn't have a refugee crisis, which is not in the interests of the neoliberal elites.

>>2941839
You only have to look at Saudi Arabia and the United States tova corrupt nation that is bennifical to the first world country. Corrupt shitty nations are more.like prizes to be won than trading partners.

>>2941844
Well then why do governments in first world countries usually support shitty dictators that hinder that prosperity. If the first world really used it's economic power it could modernize much of the world.

So did mercantilism ever actually go away or did it change forms?

>>2941862
They don't? Shitty dictators usually arise because Africans are shitty leaders.

>>2941862
First world governments aren't driven by global economic prosperity

>>2941867
What about the helicopter guy, Ricochet

>>2941867
If that is all the reasoning you can come up with then you are either simple or willfully ignorant. It is never as simple as the leader is stupid. Don't you think that it is weird that almost every leader is shitty and stupid. Maybe it's because the current system in those places promotes actions that hurt the nation's but help the leader. Most leader care much more about themselves then they do about their nation. And a large reason why African dictators can survive is because they can receive "aid" And support from the first world. I am not saying the first world causes it, but they certainly are a part of the issue. Also, it makes sense to support dictators they are not dependent on the nation to support them. So they can make great trade deals for rich nations in exchange for bribes.

>>2941867
I read some doctor of agriculture's anecdote about this. He went to a remote village in one of the savannah states in Africa. He basically taught the ins and outs, do's and don'ts of agriculture to the village. He also organized well digging. Basically set them up for self-subsistence so they wouldn't have to rely on Red Cross rice bags.

A year passes after he oversaw a successful harvest and left, the village is back to the sorry state it was in when he arrived. The wells were being used as a toilet. The farm clearances were populated by malnourished goats.

He said he felt like a plantation boss afterwards.

>>2941839
>It makes no sense to have them corrupt and desperate.
The idea is that corrupt desperate politicians will sell you their country's resources at a loss for a bribe.

>>2941937
If you can provide a link that would be appreciated.

>>2942006
I'm trying to find it, it was a blogspot post if I recall correctly.

File: dependency.jpg (146KB, 870x527px) Image search: [Google]

146KB, 870x527px

So what you're describing is Dependency Theory, which was quite fashionable in the mid 20th century as a theory of (under)development. These days it's not so fashionable, but you have to question if that's because the people who dominate in development ("development professionals" from rich countries) have an interest in not promoting it.

If your funding is coming from Centre countries then why would you implicate them in Peripheral country underdevelopment? especially if it also implicates your working model.

As some have commented here, this system does not mean that everyone in the periphery country is disadvantaged, in fact it requires the peripheral country to have a sub section of elites who benefit, see pic related.

some links here for your perusal;

https://www.publishersweekly.com/978-0-300-10408-0

https://www.theguardian.com/global-development/poverty-matters/2012/mar/01/do-not-drop-dependency-theory

https://www.theguardian.com/global-development-professionals-network/2017/jan/14/aid-in-reverse-how-poor-countries-develop-rich-countries

http://www.naomiklein.org/articles/2011/02/democracy-born-chains

Naomi Klein's essay Democracy Born in Chains is an incredibly important and eye opening account of the under-reported story of the South African transition from Apartheid. Anyone with an interest in global trade and international Policy should read this essay.

So what you're describing is Dependency Theory, which was quite fashionable in the mid 20th century as a theory of (under)development. These days it's not so fashionable, but you have to question if that's because the people who dominate in development ("development professionals" from rich countries) have an interest in not promoting it.

If your funding is coming from Centre countries then why would you implicate them in Peripheral country underdevelopment? especially if it also implicates your working model.

As some have commented here, this system does not mean that everyone in the periphery country is disadvantaged, in fact it requires the peripheral country to have a sub section of elites who benefit, see pic related.

some links here for your perusal;

https://www.publishersweekly.com/978-0-300-10408-0

https://www.theguardian.com/global-development/poverty-matters/2012/mar/01/do-not-drop-dependency-theory

https://www.theguardian.com/global-development-professionals-network/2017/jan/14/aid-in-reverse-how-poor-countries-develop-rich-countries

http://www.naomiklein.org/articles/2011/02/democracy-born-chains

>Want to create jobs for millions of unemployed workers? Can’t—hundreds of factories were actually about to close because the ANC had signed on to the GATT, the precursor to the World Trade Organization, which made it illegal to subsidize the auto plants and textile factories. Want to get free AIDS drugs to the townships, where the disease is spreading with terrifying speed? That violates an intellectual property rights commitment under the WTO. Free water for all? Not likely. The World Bank, is making private-sector partnerships the service norm.

>>2942200
ah shit fucked that up, here's the quote i wanted to post:

>"Want to redistribute land? Impossible—at the last minute, the negotiators agreed to add a clause to the new constitution that protects all private property, making land reform virtually impossible. Want to create jobs for millions of unemployed workers? Can’t—hundreds of factories were actually about to close because the ANC had signed on to the GATT, the precursor to the World Trade Organization, which made it illegal to subsidize the auto plants and textile factories. Want to get free AIDS drugs to the townships, where the disease is spreading with terrifying speed? That violates an intellectual property rights commitment under the WTO, which the ANC joined with no public debate as a continuation of the GATT. Need money to build more and larger houses for the poor and to bring free electricity to the townships? Sorry—the budget is being eaten up servicing the massive debt, passed on quietly by the apartheid government. Print more money? Tell that to the apartheid-era head of the central bank. Free water for all? Not likely. The World Bank, with its large in-country contingent of economists, researchers and trainers (a self-proclaimed "Knowledge Bank"), is making private-sector partnerships the service norm. Want to impose currency controls to guard against wild speculation? That would violate the $850 million IMF deal, signed, conveniently enough, right before the elections. Raise the minimum wage to close the apartheid income gap? Nope. The IMF deal promises "wage restraint."

>>2942204
>Want to get free AIDS drugs to the townships, where the disease is spreading with terrifying speed? That violates an intellectual property rights commitment under the WTO
wow, that's seriously fucked up.

>>2942209
The extranational organizations mentioned impose same restrictions to developed countries too. We just need to end these globalist neoliberal organizations so that humanity may be free to seek prosperity and freedom.

>>2942296
>end global cooperation
>that will fix prosperity and give everyone freedom.

>>2941595
Yes

>>2941937
There's thousands of documented stories just like this one

>>2942204
>>2942209
Wahhhhh we have to actually pay to recieve?!?

>>2941897
Latin America had nothing to do with economics, that was purely about keeping the communist out after the disaster that was the cuban missile crisis.

>>2942401
Global cooperation is a meme. It's only cooperation between a few select countries.

>>2942200
>>2942204
This >>2942780

Also, one would think a country that just gained independence would stick the middle finger out to all contracts signed by the previous government. That's how a change of regime usually works.

The British commonwealth was a brilliant way for London to retain control of it's whole empire while washing their hands from having to sustain it while at the same time giving themselves the right to look down on anyone that tries to build an empire of their own.

>>2941937

I have heard similar (and sometimes hilarious) stories first hand from a (now deceased) retired engineer who spent many years in Africa building electric lines.

However, these stories covered the period of 1960s to 1980s. That's 50-30 years ago. Since then Africans really got their shit together. Racist corrupt fucks like Mugabe are relics from a bygone era.

My opinion is that the reason why Africa was such a shithole not so long ago stems from culture shock and deliberate policies by former colonial powers.

Before colonialism African societies were, at best, on the level of early iron age. It's ludicrous to expect these people to create overnight social institutions, traditions and customs suited to cope with industrial world. That's impossible.

Secondly, the colonial power deliberately discouraged the formation of local elites that would cope with the changed world in which African have to live. When Europeans left, Africans were ruled by people who were previously corporals or clerks, with disastrous results.

>>2942852
That is probably the worst thing you could do. Being shut odd from global bond markets and so not being able to borrow is disasterous for development. Plus going against the entrenched elites could cause capital flights and the most educated to leave, even if they are complete cunts thats bad for business.
Not to mention the geopolitical pressure that will be exerted on you by the west especially America, which will fund opposition groups or give tacit approval to coup d'etats.