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this post was submitted on 27 Feb 2024
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I greatly respect the way Vietnam has put things like stable rice prices over Western money. As far as I understand it, this allows for a society where nobody lives in abject poverty. But it also prevents people from getting rich quick by milking their own people. So if I got all of this right, it's not surprising that some people encountered the idea of getting rich quick through the Internet and try that now.
@flying_sheep
> nobody lives in abject poverty. But it also prevents people from getting rich quick by milking their own people
lol.. no.. not at all
Damn, I guess there's multiple ways to do that.
@flying_sheep probably yes, but if you are looking for a country where people are not living in poverty, where the state takes good care about them or where scammers can't get rich quick, then Vietnam is unfortunately not it.
Yeah, I think the only thing I really believe about it is that it was a good move to decline the world bank's conditions for giving Vietnam a loan. Those conditions would have involved allowing international investors to buy land and speculate with food. I think having the ability to fix e.g. rice prices as a government can be very beneficial to a country.
But I don't want to have an illusory view of how things really are if that's also wrong.
@flying_sheep I'm with you on that. They protect their own land and economy and it's only now slowly opening up, they don't want foreign influence. On the other hand, that means they have total power over their citizens. Having prices dictated by government is cool except if you are the producer. And the prices are still going up anyway, and there is a huge risk regarding rice and climate change, that could have a serious effect in 10-20 years. But come visit, there are many great things too.
Thanks! Yeah, I've been there a few years ago and it was lovely. I definitely want to come again some time.