| ▲ | rayiner 16 hours ago | |
> The first world overcame those problems by extracting obscene amounts of wealth from the third world to make their populations handsomely rich. This is incorrect, bordering on flat-earthism. It's also impossible if you think about it for more than two seconds. If the "third world" had possessed "obscene amounts of wealth" to begin with, the first world never would have been able to "extract" it. | ||
| ▲ | potamic 14 hours ago | parent [-] | |
Even a cursory search will find you literature from respected economists on this subject. There may be debate on how much wealth transfer or the actual impact of it, but there's wide consensus on the fact that there was. Comparing these ideas with flat-earthism is quite extremist, I'm curious if you've reached this conclusion on your own or have been led to it by some sources? [1] https://cepr.org/voxeu/columns/economic-impact-colonialism [2] https://economics.mit.edu/sites/default/files/publications/r... [3] https://monthlyreview.org/articles/the-drain-of-wealth/ [4] https://wid.world/document/unequal-exchange-and-north-south-... | ||