What do you guys think about it is there a big difference on our past and present economy?
From my own perspective I see that There is a different between the past and current economy. Let me emphasis about Africa my continent. In the Earlier years past things where cheep and curruption was less. People where agriculturally productive and self dependent, but as time goes on educational system was introduced, it was not really bad though but instead of education to create production it created Numerous numbers of consumers instead of producers who are even looking for job today. When I was younger, things where chip because there was enough production and almost everyone back then where producing one thing or the other. today some of our countries could have enhanced it citizen with some mechanism for production in different sectors, to be able to produce things and sell cheap, but they prefer importation. Thereby everything becomes expensive. The funny part is that majority of students graduates every year without a skill but hoping to be employed. forgetting that there is a large number of unemployed youths lining up on a que for employment in the society. So the we are gradually moving from production to consumption.