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Rhiannon
07-01-2004, 03:11 PM
Did you learn that the United States is rich because we have bountiful natural resources? That has to be nonsense. Africa and South America are probably the richest continents in natural resources but are home to the world's most miserably poor people. On the other hand, Japan, Hong Kong, Taiwan and England are poor in natural resources, but their people are among the world's richest.

Maybe your college professor taught that the legacy of colonialism explains Third World poverty. That's nonsense as well. Canada was a colony. So were Australia, New Zealand and Hong Kong. In fact, the richest country in the world, the United States, was once a colony. By contrast, Ethiopia, Liberia, Tibet, Sikkim, Nepal and Bhutan were never colonies, but they are home to the world's poorest people.

There's no complete explanation for why some countries are affluent while others are poor, but there are some leads. Rank countries along a continuum according to whether they are closer to being free-market economies or whether they're closer to socialist or planned economies. Then, rank countries by per-capita income. We will find a general, not perfect, pattern whereby those countries having a larger free-market sector produce a higher standard of living for their citizens than those at the socialist end of the continuum.

http://www.townhall.com/columnists/walterwilliams/ww20040630.shtml

MiraculousMutha
07-01-2004, 04:16 PM
Ethiopia, Liberia, Tibet, Sikkim, Nepal and Bhutan were never colonies, but they are home to the world's poorest people.
Rick Perry is working hard to include Texas on that list.