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0 sats \ 1 reply \ @BononXD 19 Jun \ on: India's fast growing economy has a problem econ
Well, social inequalities created by rapid economic growth are a problem, and unfortunately most of us, as Europeans or Americans, will not do anything about it. Reason: it is not in our interest for Indians to produce at a high price. We are consumer countries, living on credit (I am not talking about individuals like me who do not have a penny of debt privately. The main problem is the system in which interest loans are legal and fiat money is produced from debt. These two things make us we live beyond our means and poor countries exploit themselves for a piece of paper.
poor countries
Do you still include India among your list?
I agree, it actually doesn't necessarily interest everyone but to say that it won't interest anyone from USA and Europe is just not true considering that the balance of trade with EU in 2023 was in favour of India by € 1.46bn.
For US and India
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