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Not true. Those countries have become a lot richer. The transformation in standards of living since the 80s has been spectacular in many countries. The biggest drag on that has been the profits being taken by the wealthy in those countries. The west does not have he position it used to. There are a lot of British workers working for Indian capitalists. China's manufacturing is mostly Chinese owned. In a lot of other places the forreign ownership is Asian, not western. The west no longer dominates the world although westerners have been slow to bting themselves to acknowledge this.


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