Re: Why Are Black-Led Countries Doing So Badly?
Morpheous,
While I agree with you about the need for effective regulations, they have not worked in poor Third World countries.
Those who are dirt poor will kill whatever necessary in whatever numbers necessary to support themselves and if things get tough, they will not hesitate to break any regulation if it means feeding their families.
The rich on the other hand and the powerful lawless can go in to a poor corrupt capitalist Third World country, bribe whomever necessary and strip the country bare of whatever it is will bring in a hefty profit and regardless of the environmental impact or the impact on resource stock.
It's not theory. It is what's gone on in the capitalist Third World countries for hundreds of years as the kleptocrats of a particular country's ruling classes conspire with the First World resource robbers to mutually loot the country and stick the poor with the bills.
I maintain that capitalism of the cut-throat variety that is practiced in the poor Third World creates inequalities in the distribution of the wealth of each country. It creates huge debt that takes well over half of these countries' money.
How can any such country build infrastructure: roads,schools, hospitals a decent place to live and put into place workable regulations if the money is taken by the IMF, World Bank every year?
Ever see Kurosawa's "Seven Samurai" ?
Well those poor villagers in the film are very representative of the billions of poor in the world today who are getting robbed non-stop and there are no samurai in the world to stop the bandits.
Who's going to pay off that debt?
or should the question be: who's going to forgive all that debt?
How can you fix the great inequalities where the top 5% own some 80% of the wealth of so many countries?
Do you think they'll regulate themselves into living a middle class life?
Sure, when chickens grow teeth they will..
I do not believe you can patch up capitalism to work in a resource poor and debt-laden Third World Africa.
The answer lies elsewhere.
Morpheous,
While I agree with you about the need for effective regulations, they have not worked in poor Third World countries.
Those who are dirt poor will kill whatever necessary in whatever numbers necessary to support themselves and if things get tough, they will not hesitate to break any regulation if it means feeding their families.
The rich on the other hand and the powerful lawless can go in to a poor corrupt capitalist Third World country, bribe whomever necessary and strip the country bare of whatever it is will bring in a hefty profit and regardless of the environmental impact or the impact on resource stock.
It's not theory. It is what's gone on in the capitalist Third World countries for hundreds of years as the kleptocrats of a particular country's ruling classes conspire with the First World resource robbers to mutually loot the country and stick the poor with the bills.
I maintain that capitalism of the cut-throat variety that is practiced in the poor Third World creates inequalities in the distribution of the wealth of each country. It creates huge debt that takes well over half of these countries' money.
How can any such country build infrastructure: roads,schools, hospitals a decent place to live and put into place workable regulations if the money is taken by the IMF, World Bank every year?
Ever see Kurosawa's "Seven Samurai" ?
Well those poor villagers in the film are very representative of the billions of poor in the world today who are getting robbed non-stop and there are no samurai in the world to stop the bandits.
Who's going to pay off that debt?
or should the question be: who's going to forgive all that debt?
How can you fix the great inequalities where the top 5% own some 80% of the wealth of so many countries?
Do you think they'll regulate themselves into living a middle class life?
Sure, when chickens grow teeth they will..
I do not believe you can patch up capitalism to work in a resource poor and debt-laden Third World Africa.
The answer lies elsewhere.
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