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myworkinisgood
583 days ago
You cannot forget about the money drained from the undeveloped world during colonialism and the subsequent effect which continued during cold war.
2 comments
o11c
583 days ago
Money is made up and doesn't matter. This applies even to gold during colonialism.
https://en.wikipedia.org/wiki/Price_revolution
link
FredPret
583 days ago
The undeveloped world doesn't have, and never had, enough money to be "drained" into a pool as large as the current US economy
link
https://en.wikipedia.org/wiki/Price_revolution