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RE: How A Bogus Spending Culture Influences Market Rates; An Huge Issue For The Nigerian Economy? (3speak version)

in LeoFinance3 months ago

I think what you are saying is true, but I don't know if there is a way around it. This is how industrialized countries developed. (Think Stalinist Five Year Plans vs. a Model T in every garage). This kind of thing happens everywhere: Tech billionaires pricing everybody else out in SF and Russians buying all the real estate in London in the 2000s.

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Thats actually true but then doing this in a country thats not totally develops creates more poverty and makes the economy affordable and owned by the rich alone. Plus it kills the already unstable currency and in the long run things will be bought without proper valuation.

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