CMV: Colonialism is just survival of the fittest.

Yes, but as I was saying, that economy is non-inclusive.

Completely not the case.

Poor nations provide natural resources, cheap labour, a destination for obsolete technology, and markets for developed nations, without which the latter could not have the standard of living they enjoy.

Baran noted two predominant kinds of economic activity in poor countries. In the older of the two, plantation agriculture, which originated in colonial times, most of the surplus goes to the landowners, who use it to emulate the consumption patterns of wealthy people in the developed world; much of it thus goes to purchase foreign produced luxury items—automobiles, clothes, etc. -- and little is accumulated for investing in development. The more recent kind of economic activity in the periphery is industry—but of a particular kind. It is usually carried out by foreigners, although often in conjunction with local interests. It is often under special tariff protection or other government concessions. The surplus from this production mostly goes to two places: part of it is sent back to the foreign shareholders as profit; the other part is spent on conspicuous consumption in a similar fashion to that of the plantation aristocracy. Again, little is used for development.

The people of China aren't economically enfranchised. They're living under a tyrannical state that endows people it likes with the benefits of success. Because of that, China is the worlds worst country for income inequality.

That's why GDP/capita is so important. Yes, China is the worlds largest economy. The problem is that China isn't adequately drawing on their people as consumers. If they were, the GDP/capita ratio would be a hell of a lot higher. China is still a very poor, tyrannical nation.

/r/changemyview Thread