Why Do The Poor Countries Always Stay So Poor?
I can answer that question very easily.....corruption and theft.
Is anyone paying attention to what is happening in Western Africa? Burkina Faso, Niger, Mali? They just formed a security alliance. They are tired of foreign countries stripping their countries of any wealth they might have via minerals, precious metals, oil, etc.
Take Captain Ibrahim Traore of Burkina Faso. Listen to some of the speeches he’s made and what he wants for his country and its people. They’re tired of entities like the US Dept of State or whatever the French version of it is and their puppet master corporations coming in, making a ridiculous deal with corrupt government leadership, only to see the country be devastated.
Take the Congo. They have all the metal for EVs, do they not? Yet they’re still eating dirt. Why? The DRC could have the EV world eating out of its hand and could raise that country out of the poverty it’s in, but they choose not to. The leadership and select few are stuffing bank accounts in Dubai or Western Europe, the Chinese and Muck are raping the country, and when things turn, the leadership will be on a plane out of there, where they will live in luxury, while their country still eats dirt.
South Africa....that place is being absolutely raped by the current government. And now, guys like Malema are gaining even more traction as things get worse and worse.
Your argument accords nicely with the World Bank’s argument. It says there are two main causes of poor nations: (1) corruption and the lack of the rule of law (what you say); and, (2) the deficits of highly advanced nations that diverts the savings of mankind from financing economic development.
I would add a third (or maybe expand on our understanding of corruption and the lack of the rule of law): (3) war and other forms of civil strife. In recent years, all the countries that have fallen from middle to low income have been involved in some kind of war. Off hand, I can think of Syria, Sudan and Yemen.
We are now down to 28 or so low income countries, and they are all eff’ed up countries. Many with foreign armies. You are absolutely rights about South Africa. It is fast going in the wrong direction. Also, Venezuela.
These countries are stripped of their wealth bacause their governments are corrupt... filled with people like Bob Menendez, Hunter, Kerry, and Joe Biden...
People willing to sell out their countries to line their own pockets. No one is forcing these poor countries to create thugs, goons, secret police and criminal politicians. We can't look down on them anymore since that's the direction democrats and their ' intelligence' filth are taking us...