Comments by "Zach B" (@zachb1706) on "Why Do Poor Countries Stay Poor? (Unequal Exchange and Imperialism)" video.

What a dumb statement. Sure, we could produce it ourselves. How would that help developing nations? They rely on manufacturing jobs to stay afloat.
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The problem is a lot of countries are now adopting the welfare state model. Poor countries which can't afford it are facilitating incredibly expensive welfare programs. Why? Because of democracy. Votes matter more than building a prosperous nation. When you see places like the Congo with59% tax rates, you start to understand why they don't grow
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Except poor countries have been growing faster than rich countries for decades. I mean it's an inevitability, due to the catch-up effect. You're arguing about the causes of an effect that doesn't exist!
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@joshbentley2307 tariffs are not a necessity, there's a thing called foreign investment. Australia for example has been able to thrive because of massive investment.
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Americans when they find out comparing income in other countries using dollar amounts is retarded
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@thanasis-_- define underpaid. I don't think anyone is underpaid, they're being paid their worth based on the free markets price discovery.
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@IshtarNike no it's not. They voluntarily trade with us because it benefits them. We trade with them because it benefits us. It's a mutual benefit. If it didn't benefit them, they'd trade within themselves.
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@thainguyenvan1589 no one's threatening them if they don't trade. They trade because it opens their country up to the worlds economy, where they can receive foreign investment, use foreign services and purchase foreign goods that their country does not have the capabilities to produce.
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India could end said "Cold War" if it wanted to. So could Pakistan. It's more of an example of why religion is such a detriment to society than anything else.
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@isuckatusernames4297 socialism would only work if it was enforced by an authoritarian state. Anything else would default to a "free market"
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@isuckatusernames4297 because a free market is simply a market without regulation. Capitalism is the default economic system in that sense, a decentralised, unregulated free market. Socialism on the other hand is a centralised economy that requires coordination and control over the population. It wouldn't exist without an authoritarian state.
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@Bell_plejdo568p its absolutely voluntary. If this trade harmed then they'd stick to themselves.
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@thainguyenvan1589 what you miss is it's a mutual benefit. This mutual benefit has been the mechanism which has pulled hundreds of millions out of poverty over the past decade
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@qjtvaddict no it doesn’t, Chile does. Next is Australia, which also has the largest mining industry in the world and hence has shot to the largest lithium producers in the world.
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@BryanLu0 trade is beneficial. If it wasn’t, countries wouldn’t do it. North Korea would be a paradise
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@BryanLu0 slavery wasn’t beneficial to slaves, what a terrible argument. You just need to look to China to see the power of trade. Without trade their economy is nothing, they’re the biggest exporters in the world and that’s driven them to being the 2nd largest economy in the world
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@BryanLu0 slaves were forced to work, no one’s forcing countries to trade. There’s no need because trade is beneficial. Poor countries can sell their goods at far higher prices to richer countries, which improves their economy.
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