VAT: Don’t look backward.

As we mature, we know to mostly look forward not backward. When underdeveloped, we are backward.

When I was 12 years old in school in America, one day in class the geography teacher pointed out that many countries are categorized as “underdeveloped” (having unrealized potential) but years earlier were referred to as “backward” or primitive which is more pejorative; to which some girl in the back of the classroom blurted out: “Those countries are strange, I’d rather be called backward than underdeveloped.”

In the developed world externalities are more important than potentialities.