#Nations don't get rich by plundering other nations

source: https://www.noahpinion.blog/p/nations-dont-get-rich-by-plundering

Anyway, there are two more sophisticated cases you can make for the “imperial plunder” #theory of national wealth. The first is that continuing plunder is responsible for income differences between countries. The second is that plunder was necessary to initiate the process that eventually led to industrial #production and modern science. The first of these arguments is wrong; the second can’t easily be disproven, but there’s major reason for doubt.

#colonialism #imperialism #economy #history #politics #wealth #poverty #south #north #resources #finance #news