| If your definition accurately described the difference between rich and poor countries, the people of the Global South would be considered wealthy. If that wealth is not used to secure stable living conditions (like freedom from environmental hazards) for the people of the country, that wealth is not effectively owned or controlled by the people of the country. >In this sense it is also a description of America or even a hypothetical anarcho-capitalist zone. This also describes the conditions that result from the massive disparities in how America's wealth is distributed. After World War II massive resources were poured into segregating people into white-only neighborhoods[1] that accrue value (and wealth) over time and non-white neighborhoods that are targeted for dis-investment. When hazardous industries want to open, they choose the non-white neighborhoods[2] and when they close they leave the neighborhood with the task of cleaning up their messes[3]. America is able to reproduce the dynamics of its foreign policy internally because of this policy of geographic segregation. These dynamics continue to this day even as it has become taboo to implement segregationist policy explicitly. This is because there has been no appetite for the structural change that is necessary to keep the disparities from growing over time. 1. https://www.npr.org/2017/05/03/526655831/a-forgotten-history... 2. https://blockclubchicago.org/2020/05/18/major-explosion-and-... 3. https://www.chicagotribune.com/news/environment/ct-chicago-s... |
Please give an example of one country where the sum total of all the assets the residents control (I ought to have specified “divided by the population”) is high and the country is considered poor.
> This also describes the conditions that result from the massive disparities in how America's wealth is distributed.
And?
America is a rich country no matter how unfairly subpopulations are treated.
I will agree that there appears to be malicious unfairness, and to me it appears sufficiently severe that it cannot even be explained by pure greed. That’s a separate issue to this.