You can make the whole world not poor (and quite a few people not as rich as they are). Solution is simple - allow free movement of goods, services AND people. Perhaps also follow-up with allowing anyone to buy any piece of land anywhere so that rich can also buy up cheaper land (fair deal?). A lot of reasons for conflict (and need to organize around nation states) will stop remaining so important. I guess, one can dream...
There is a finite amount of (usable) land in the world. If it is all for sale, what is there to stop the rich from buying all of it, and then collecting rent for eternity, becoming ever richer in the process? How is a return to feudalism your dream?
> what is there to stop the rich from buying all of it
Isn't that already the case though? I'm not aware of any country that limits how much land a single person can legally own, just prohibitions on which people can own it (i.e. I can't buy land in England because I'm not an English citizen).
I’m not against this a priori but I’d expect this to also generate new levels of inequality. As the rich get access to larger playing fields their wealth can grow that much more. Even if true, whether this is bad or not is probably subjective.
I used to think this way, but I tempered my belief to say that all poor countries need a brief period of extreme free markets. 50 to 100 years. After that, some regulation will be needed to manage the undesirable tradeoffs of that period
Whenever a person in their mental framework have a very high moral goal, it is easy for them to justify to themselves, less-moral actions. Almost impossible for it to not happen.
Could it be that it is SBF who is playing CZ by potentially involving US regulatory apparatus (CIFUS) and resulting scrutiny into Binance? In the weirdo-world-of-crypto(TM), anything is possible?
One of the best comments I came across do describe India (doesn't matter if it isn't original): "India is a place that disappoints both an optimist and a pessimist at the same time.
This post took me back to 1995 when I bought a PC from Best Buy on no interest payment plan, while FOB in US as a graduate student. I downloaded some primitive VoIP App (don't recall the name, seem to remember something Intel had released) and instantly connected with someone in South Africa. This discussion very well captures the feeling I still vaguely remember from back then.
PS: I forgot to pay off in time and I had to pay the full accumulated interest along with penalty at the end of the 18 months. Expensive lesson.