• WoodScientist@lemmy.world
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      7 days ago

      Mostly it’s that in the 1950s, most of the world’s population was still pre-industrial. Industrization massively increases a country’s wealth and ability to bid for resources.

      Now the whole world is industrialized, but the planet is still the same planet. The same barrel of oil can go to a refinery worker by Americans in Louisiana or workers in any number of countries that were completely undeveloped backwaters back in 1950.