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hitssquad is offline
Feb18-04, 05:59 AM
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Originally posted by Nereid
once there's (relatively) free trade, (relatively) free movement of capital, not too much corruption, at least a modestly capitalist economy, a decent system of universal public education, (etc), then the economic theory of comparative advantage is all you need to say that the Chinese economy will grow to be larger than the US'. And so will India's,
Many arabic nations have all of these things, yet universally are economic failures, relying upon happenstance rentier rights, rather than upon creation of economic value, to feed themselves.

Ditto for many tropical resort nations.

These are the low-IQ outliers from the Lynn-Vanhanen regression trend line. They make far more money than their IQs alone would predict. But they also make far less money than their happenstance wealth would predict under the comparative advantage model. Norway is similarly blessed with oil as Saudi Arabia is, yet, unlike the latter's, Norway's economy is not dropping like a rock. The oil-wealth of Saudi Arabia is perhaps a curse which masked the viral infection of a corrupt gene pool afflicted with a tendency to express as a low-IQ, uneducable and unemployable populace that cannot even find employment for itself within its own national borders in the face of competition from higher-IQ foreign guest workers. These are Saudis with college degrees. Perhaps it is because Saudi employers -- in a nation of mentally-13-year-olds where everyone possesses a state-sponsored college degree -- know what a Saudi college degree is worth.

With an average IQ of 81, India will buck the trend and grow to be a more-powerful economy than the United States (with an average IQ of 98) is? How? The United States has plenty of people with low IQs, too. They systematically fail to contribute to the economy of the United States. Why would low-IQ people perform any differently in India?

As they softly speak magic spells rote memorized in a decent system of universal public education they will burn their cow dung into gold bars? In the words of Vandana Shiva,

In India we worship cow-dung as Lakshmi, the goddess of wealth. The famous festival of Gobur-dhan puja is literally the occasion to worship gobur (cow-dung) dhan (wealth).