Hacker News new | ask | show | jobs
by 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

Money is made up and doesn't matter. This applies even to gold during colonialism.

https://en.wikipedia.org/wiki/Price_revolution

The undeveloped world doesn't have, and never had, enough money to be "drained" into a pool as large as the current US economy