1 - Are you saying that France made poor economic plans because they were invaded by the Germans? It might be because they were being bombed and attacked during the deadliest and largest war in modern history. Devastating war tends to have devastating economic effects.
And trade is a good indicator of an economy. It turns out fair trade is massively beneficial to everyone. The study of the allocation of resources is what economics is all about. And I don’t think you’d say that poor countries had lower GDP because they didn’t have textbook economists trading 20s in the back rooms.
2 - The starvation you mention also correlates with India’s driest years on record for over a century in agricultural areas. These famines were later tamed by the import of western technology like railroads. And Britain still grew 3/4 of its own food, although decreasing, for much of this period.
I’m not calling the British innocent. They imposed taxes and tariffs that helped themselves, as they did with colonial America, and damaged the Raj economy as a result. They did not, however, “pillage” India, as some have oversimplified.
3 - What sort of human outcomes? The USSR had terrible housing, lower life expectancy than western countries, and had significantly worse technology, infrastructure, working conditions, and availability of goods and services. The USSR’s economy growing at all doesn’t equate to magic wonderland.
These are the human outcomes of states that detach people from their own interest (communism, socialism, fascism). It makes everyone equal at the cost of making everyone poor.
Libertarians argue that generally, free enterprise, and it’s efficiency by extention, leads to better human outcomes. And the data seems to back it.
1 - Are you saying that France made poor economic plans because they were invaded by the Germans? It might be because they were being bombed and attacked during the deadliest and largest war in modern history. Devastating war tends to have devastating economic effects.
And trade is a good indicator of an economy. It turns out fair trade is massively beneficial to everyone. The study of the allocation of resources is what economics is all about. And I don’t think you’d say that poor countries had lower GDP because they didn’t have textbook economists trading 20s in the back rooms.
2 - The starvation you mention also correlates with India’s driest years on record for over a century in agricultural areas. These famines were later tamed by the import of western technology like railroads. And Britain still grew 3/4 of its own food, although decreasing, for much of this period.
I’m not calling the British innocent. They imposed taxes and tariffs that helped themselves, as they did with colonial America, and damaged the Raj economy as a result. They did not, however, “pillage” India, as some have oversimplified.
3 - What sort of human outcomes? The USSR had terrible housing, lower life expectancy than western countries, and had significantly worse technology, infrastructure, working conditions, and availability of goods and services. The USSR’s economy growing at all doesn’t equate to magic wonderland.
These are the human outcomes of states that detach people from their own interest (communism, socialism, fascism). It makes everyone equal at the cost of making everyone poor.
Libertarians argue that generally, free enterprise, and it’s efficiency by extention, leads to better human outcomes. And the data seems to back it.