Like encouraging democracy, and capitalism, then when the poor countries get up on their feet, then enact protectionist policies like Buy American/Canadian/European ect… And drive them out of business. The crop was never sold, and rotted in the field.

I heard a story that England/America encouraged a poor African country to invest in growing cotton, and refused to buy the first crop. I don’t know if it was true , (it was on the news when I was a child), but it sounds like a total dick move by the colonies. Again the crops rotted in the field.

Can someone fact check my assumptions or add to the discussion?

Topics: economics, capitalism, trade, democracy, third world countries, first world countries, protectionist policies