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Q: Can the whole world boom at one time?
Can the whole world see growth and prosperity at the same time?
Or is the system set up so that if one side prospers the other must fail?
It isn't that the other side must fail, but one side must be doing better.
I don't think it is possible for the entire earth to experience an economic boom. The inflation and instability this would cause to the currency market alone would be unimaginable.
Booms & lulls are the checks & balances to the global economy. One can not exist with out the other to balance it out.
Yes, we can...as long as we ppl are all living in one continent and born at same era....rule by one king....blah..blah....of course why not? everything has a start and an end.....hopefully it's a happy ending....
Imho, it's the time to have a new "Kar Max", new "Adam Smith"....let's wait and see....but Politician and ppl's ambitions and greeds will ruin everything....Start and end, start and end....world is a circus for us to laugh....deal with it and laugh at it....
On paper it can. Just like how on paper stuff like communism can sound like a great plan. But the real world doesn't work that way.
Ideally, in theory, it could be possible. But unfortunately, human nature as it is, greed will come into the fry and start unbalancing the uthopia. Some countries are richer than others in specific commodities, and by selling it they do achieve profits to provide services for their natives.
Some are well known and sought, like oil for example. A few countries control most of the supply, and can set the price as they please to achieve their particular whims, not the common good. Funny to me, I have long wandered why one resource needed worse than oil has not been involved so far, and that is water. You could pay back for the ridiculous price of oil nowdays by selling water to those who sell us oil, and even the disbalance a bit.
Well, TG I am not a politician.
Impossible. Rich powerful countries who hold the debt of poor countries will always manipulate this leverage for their own gain, whether forcing them into unfavorable trade agreements, sweetheart deals to strip their resources or tax incentives to exploit cheap labour.
Also between developed countries, they are always looking for the advantage and upper hand in all deals. Even the US and Canada will always try to get the better deal even if it means screwing the other country, and these are 2 of strongest allies on the planet.
As long as greed and power and nationalism trump all, there will always be inequality of economies.
