Since 1980 US median Household Income has lost 89% of its purchasing power in terms of investment in equities. How can a young person make any future wealth when the cards are stacked against them? 1/
1/ What is “development”?
Picture a small, poor nation in the tropics
A new mineral source has been discovered
The first step is that an institution like the World Bank extends a loan — for let’s say, $500 million — to harvest these new resources