this post was submitted on 28 Jul 2024
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What they're doing right is a mixture of rather progressive social policy (in the process of being abandoned in favour of the extreme right), and exploitation of poorer countries through unequal exchange. It's high-school level knowledge of colonialism: import raw materials and agricultural produce from poor countries at low prices, export high-added-value goods and services at a high cost. If every country were to adopt that model, it wouldn't work because there'd be nobody to exploit. I suggest you read into the concept of unequal exchange