Message from @Indigo
Discord ID: 671865909903753216
I am not blaming colonialism for present day problems
you where a while ago
Recent signs, however, are encouraging. As of March 1998, Cameroon's fifth IMF program — a 3-year enhanced structural adjustment program approved in August 1997 — is on track. Cameroon has rescheduled its Paris Club debt at favorable terms. GDP has grown by about 5% a year beginning in 1995. There is cautious optimism that Cameroon is emerging from its long period of economic hardship.
Thank you capitalism
*Nobody gets to be reeling from socialism any more than one gets to reel from evil whitey colonizer.*
Yeah both are just as dumb an excuse.
Was my point.
The countries you mentioned, improved as much as they tried capitalism
Looks like the big problem was France
They looted a lot of their money
Still, they're doing better now
France, why do you do these things?
Almost everyone is doing better now. But the crises of the transitions must belong to the new system.
Armed revolutions are the worst way to do it course.
Ah Google explains all
They're a dictatorship which is looting their people with the help of France
That does tend to make capitalism more difficult
Yes and that's also capitalist.
Capitalism plus democracy is best
This digressed magnificently.
capitalism worked as much as they tried it.
India got burned economically when they tried socialism
Sure. No point going in circles. My only intent was to represent things closer to how they were than to the idealised vision of how it must have been.
People went to work. People worked. Stuff was produced and consumed.
Google says this
Cameroon’s economic freedom score fell by 2.4 places to 51.8, ranking it 150th on the 2017 Index, placing it in the ‘mostly unfree’ band. This performance reflects a decline in labour freedom, business freedom, an increased bureaucratic inertia and trade freedom. Despite an improvement in property rights, there have been restrictions transferring money into/out of the country. Cameroon is ranked 34th out of 46 countries in the Sub-Saharan Africa region, and its overall score is lower than the regional average.
It has lower economic freedom than average
So, the government seems to be more nationalistic than capitalists
And Google suggests that many are suggesting more free trade and such would boost their economy
Okay if you restrict capitalism to only mean functional countries then only functional countries will be capitalist. That's a tautology.
No, I am not restricting it like that
I mean, part of their problem is that they have rules and regulations preventing capitalism
They're doing better than socialist nations
But they don't have a strong commitment to capitalism which is reducing their income
It notes say it's hard to move money into the nation
So foreigners can't invest easily in the country
Or trade with it
also heavy functional regulations against starting businesses
Okay so? Guys come on. This conversation started as a very narrow comment about an exaggeration that detracted from taking the overall point seriously.