Property rights are insecure and very inefficiently organized, markets do not function well, states are weak and political systems [do] not provide public goods.
In other words, African nations are poor today because African nations are poor today
Why is it so hard for people to understand that people everywhere would prefer not to be poor
They talk about these issues as if Africans are without the will to improve these conditions
Edit: should say “economists” not people
hey google explain why africa is poor but only with racism
Citizens bad, governman bad, markets bad
Protestant work ethic is on the same level as “curtains are blue” in terms of inducing the most intoxicating forms of liberalism.
Actually, here they acknowledge that weak and ineffective government is the thing holding those countries back economically. Of course, the reason for this is (neo)colonialism (murdering anyone who even hints at nationalisation of resources).
It’s funny how capitalists say one thing, but when their money is on the line they know exactly how economics actually work.
