RE: Is A World Full Of Developed Economies Possible, Or Are Developed Nations Stopping That From Happening?

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Is A World Full Of Developed Economies Possible, Or Are Developed Nations Stopping That From Happening?

in money •  8 years ago 

Article was well worth the read, thank you.

imo, the world could have all 'developed' economies, but they would look very different from what we see today. I personally don't consider a consumerist debt based economy to be developed in any positive sense of the world. Greed and Scarcity Mindset rule the top end of the western world and until that changes the less developed countries won't stand a chance of any meaningful growth.

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I agree, I dont think today western nations, especially ones with money want any country that would not be a valuable ally, to succeed.