[lbo-talk] Immigration and International Inequality

joanna 123hop at comcast.net
Fri Apr 21 00:41:27 PDT 2006


Yoshie Furuhashi wrote:


>To make a country richer in absolute terms, the country has to raise
>its productivity
>
What are "absolute terms"?


>(unless the country has a lock on some very
>profitable international market niche like oil), but capitalism tends
>to be better at raising productivity than socialism.
>
But, it's more complicated than that. Due to the recycling of petrodollars throughout the eighties by way of IMF loans, a lot of third world countries became very productive indeed, but all the wealth that productivity created went somewhere else...

Haiti is a capitalist country, as is the Dominican Republic. Now where would you rather live? Haiti? Dominican Republic? or Cuba?

Joanna



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