[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/sci/ - Science & Math

Search:


View post   

>> No.5035382 [View]
File: 50 KB, 250x325, Eugen von Bohm-Bawerk.jpg [View same] [iqdb] [saucenao] [google]
5035382

The isolation and environment described at >>5033643 made them unable to develop a dynamic economy. With out the ability to accumulate resources and re-invest them, Subsaharian Africans were stuck with a static economic system for a long period of time.

Static economic systems can last for a hell long time. Europeans got stuck inside the Feudal economic system for over a thousand years, with little scientific, economic or cultural change in this period. This happened because Feudalism is a static economy, with all production being made for subsistence, and no ability to accumulate Capital and expand the economy.

The exact same thing happened to natives all around the world and to the Subsaharian Africans. Under conditions that made the creation of surplus impossible (all production went to subsistence) and thus the accumulation and reinvestment of said surplus impossible, they were stuck in a static, tribal mode of production for long periods of time.

Racial theories of poverty fail to explain how come white Europeans were themselves stuck in the primitive Feudal mode of production for a thousand years, and also fail to explain how come North and South Koreas (who have same resources and similar population genetics) are so fucking different. The reason is simple: Mode of production. Some civilizations existed under static modes of production, and those tend to remain primitive for thousands of years.

Navigation
View posts[+24][+48][+96]