World Debt, Nothing we can do?

[CalcuoCuchicheo]

so it seems i need pverty to support my extravegent lifestyle...never thought of it like that.

Well you posted the bloody article!

 

[ill-matic]

The Economic Problem:

Unlimited wants, but limited resources to supply those wants. Who ever owns the factors of production essentially owns these resources, and is better off.

The solution to poverty is deeper than merely "calling off" a country's debt. Economical, and political aspects also have to be taken into account. Think of it this way; investment in a nation stimulates economic growth, employment, spending, and eventually leads to a higher standard of living. Let's say you are an investor and you have two options; to invest in the USA, where you are guaranteed a satisfactory returned, or Ethiopia, where you are virtually guaranteed no return at all. Obviously investors will favour the USA as their place of investment, thus Ethiopia misses out. This shows that poverty goes beyond this debt bullshit. The world has to work together to assist the econmomical development of these nations so they wont be left behind. I mean, seriosly, why do you think they acquired such a debt in the first place?

 

[Hankaveli]

Rubbish, resources are not so limited that we cannot prevent death. Think of the billions we waste on brandname clothes, new CDs, households with three tvs etc -examples of wasted resources - mindless spending. So what my point is, fuck the maintenance of this extravagant lifestyle in order to supplement with the betterment of humanity. I dont want maintain this greedy lifestyle if it means continually subjecting others to conditions of poverty.

Here Here!

 

[groobz]

Rubbish, resources are not so limited that we cannot prevent death. Think of the billions we waste on brandname clothes, new CDs, households with three tvs etc -examples of wasted resources - mindless spending. So what my point is, fuck the maintenance of this extravagant lifestyle in order to supplement with the betterment of humanity. I dont want maintain this greedy lifestyle if it means continually subjecting others to conditions of poverty.

Well then go sell your computer and household appliances and give the money to aid then. Sorry but people work hard in order to live the lifestyle they want to live. I'm not going to feel bad for buying a CD because some leader starving out their people.

Africa needs to get rid of their greedy leaders, whats the point of giving billions of dollars to these countries if only 1% of it reaches the people, and the 99% of it goes towards the leaders palaces ect. Fix the leaders, then send the money, at least we're more sure of where it will be going.

 

[ill-matic]

Africa needs to get rid of their greedy leaders, whats the point of giving billions of dollars to these countries if only 1% of it reaches the people, and the 99% of it goes towards the leaders palaces ect. Fix the leaders, then send the money, at least we're more sure of where it will be going.

That was, perhaps, one of the stupidest things i have read in my life. Do some research on world poverty before you make another stupid comment like that

 

[groobz]

Its stupid only because you don't want to hear it. The leaders are a problem face it.

 

[k69atie]

i read an article about one african leader in a brittish newspaper said he had 11 wives and him and all his wives all live a life of luxery. is this true do you think?

 

[Cooper]

^quite likley there is a lot of corruption within some african governments. this is part of the reason why throwing money at the problem won't work.

 

[Salar]

my 2 cents

that guy who wrote the second article makes good points but is so wrong none the less. live8 wasn't about raising money but it was about raising awareness.

There is a soloution to poverty which is very simple and it isn't that hard. Live8 is trying to erase "debt"... fuck that.. leave the debt. GIVE AFRICA BACK IT'S RESOURCES. Botswana provides about 1/3 of the worlds diamonds and it is all being mined by an english company.

Groobz (as much as i hate to say it) has a point as well. Governments in africa are rather corrupt. Not as bad as 99% to 1. but they are pretty bad.

Human nature is fucked. I've given up on it.

 

[k69atie]

^quite likley there is a lot of corruption within some african governments. this is part of the reason why throwing money at the problem won't work.

i heard that comic relief is one of the only ways that most of the aid money gets there, any other way and the money gets filtered out by corupt leaders!

 

[k69atie]

what are peoples view on the march through edinburgh?

here is what has happened so far, not good

http://www.sky.com/skynews/article/0,,30000-13381500,00.html