How to turn poor countries into rich countries? How about the Argentina (Javier Milei) model? Could be worth a shot. It's not patented, and we can all stand back and verify firsy that it works, before copying it. Plenty of well known economic ideas accelerate growth, but most people vote against these winning ideas because of feelings and not understanding economics or refusal to accept basic economics.
People don't like to hear it, but it is pretty factual that the more of a society's money gets plucked out of the main economy and centrally spent and distributed by its government, it tends to lower economic growth, and similarly for being over-regulated.
People can argue, but we have a realtime. experiment in the form of Argentina in front of us right now to prove these ideas.
Other success stories could be plucked from recent history, as right now these ideas are not so popular.
People want to hate the rich, and figjt inequality much more than they want tk reduce absolute poverty or increase economic growth.
One can sacrifice a lot of growth to boost equality. So it's a matter of what people want to prioritize.
People don't like to hear it, but it is pretty factual that the more of a society's money gets plucked out of the main economy and centrally spent and distributed by its government, it tends to lower economic growth, and similarly for being over-regulated.
People can argue, but we have a realtime. experiment in the form of Argentina in front of us right now to prove these ideas.
Other success stories could be plucked from recent history, as right now these ideas are not so popular.
People want to hate the rich, and figjt inequality much more than they want tk reduce absolute poverty or increase economic growth.
One can sacrifice a lot of growth to boost equality. So it's a matter of what people want to prioritize.