Here’s how capitalism actually works in the third world, as someone who has actually worked in a field where I traveled to the third world for business
1: companies invest in local communities that have little inside economic opportunity
2: workers there are paid well above what others are, because the local currency has a shitty exchange rate
3: those people then become locally wealthy and contribute to the growth of businesses, institutions, and infrastructure that improves the nation’s economy as a whole
You see someone getting paid $10.00/day and I see someone making 5x what their neighbors make, because a US dollar is worth 20x (or more) their currency.
Here’s how capitalism actually works in the third world, as someone who has actually worked in a field where I traveled to the third world for business
1: companies invest in local communities that have little inside economic opportunity
2: workers there are paid well above what others are, because the local currency has a shitty exchange rate
3: those people then become locally wealthy and contribute to the growth of businesses, institutions, and infrastructure that improves the nation’s economy as a whole
You see someone getting paid $10.00/day and I see someone making 5x what their neighbors make, because a US dollar is worth 20x (or more) their currency.