> So they made more money by selling their farm land, instead of being a farmer? That sounds like a good trade to me. This is pretty normal process in all highly developed countries.
The reasons and conditions are totally different in economies like those in Africa that are setup for wealth extraction vs. America where they are setup for wealth generation. The book ‘why nations fail’ does a great job of explaining this.
The reasons and conditions are totally different in economies like those in Africa that are setup for wealth extraction vs. America where they are setup for wealth generation. The book ‘why nations fail’ does a great job of explaining this.