• umbrella@lemmy.ml
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    1 year ago

    I didn’t actually say that. You have no idea how capitalism operates in the third world it seems.

    Being exploited collectively for our actual riches improves no one’s lives. Come here and visit my country for a reality check.

    I wonder why 3rd world countries that go Socialist grow and develop so fast. It is almost like all that money is being funneled back to the US and Europe through corporations, and thats not good for anyone.

    • SCB@lemmy.world
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      1 year ago

      Here’s how capitalism actually works in the third world, as someone who has actually worked in a field where I traveled to the third world for business

      1: companies invest in local communities that have little inside economic opportunity

      2: workers there are paid well above what others are, because the local currency has a shitty exchange rate

      3: those people then become locally wealthy and contribute to the growth of businesses, institutions, and infrastructure that improves the nation’s economy as a whole

      You see someone getting paid $10.00/day and I see someone making 5x what their neighbors make, because a US dollar is worth 20x (or more) their currency.