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Thread: G-20 to give $1 trillion to IMF, World Bank

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Kandahar View Post
    Spreading the wealth is essential to help the poorest nations escape poverty. Once they've built their economy up to a certain point, they will no longer require outside economic aid.
    And how well has that worked out so far?

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by bhkad View Post
    That's certainly the theory. But it doesn't always happen that way, does it? In fact, it may seldom happen that way. Notable exceptions being post WWII Germany and Japan.
    Very few countries have developed entirely on their own without any foreign assistance. About the only ones I can think of are the United States and the United Kingdom (and it's debatable as to the extent even those two developed on their own).

    There's really no way for poor sub-Saharan African countries to escape the poverty trap without outside assistance. As long as malaria, influenza, tuberculosis, and HIV continue to ravage their countries, they will not have a marketable work force. As long as they continue degrading their environment and practicing unsustainable development, they will not have a marketable agriculture sector. As long as they continue to overpopulate their already overpopulated countries, they will not be able to provide for themselves. As long as they don't have functional education at the most basic level, their work force will have no skills.

    Foreign assistance can go a long way to preventing many of these problems for very little money.
    Last edited by Kandahar; 04-02-09 at 03:59 PM.
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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by celticlord View Post
    And how well has that worked out so far?
    It's worked quite well in most places where foreign aid has actually been committed. The problem with Africa isn't that foreign assistance hasn't worked, it's that developed nations have been much more stingy with their foreign aid money to Africa than they were to most Asian countries.
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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Kandahar View Post
    Spreading the wealth is essential to help the poorest nations escape poverty. Once they've built their economy up to a certain point, they will no longer require outside economic aid.
    Go spread your own wealth, hypocrite.

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Kandahar View Post
    There's really no way for poor sub-Saharan African countries to escape the poverty trap without outside assistance. As long as malaria, influenza, tuberculosis, and HIV continue to ravage their countries, they will not have a marketable work force. As long as they continue degrading their environment and practicing unsustainable development, they will not have a marketable agriculture sector. As long as they continue to overpopulate their already overpopulated countries, they will not be able to provide for themselves. As long as they don't have function education at the most basic level, their work force will have no skills.
    So we need to help them end influenza, tuberculosis, and HIV, and then help them not overpopulate.......

    Given these parameters, wouldn't doing nothing be the most efficient means to that end?

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by BulletWounD View Post
    Go spread your own wealth, hypocrite.
    I do spread my own wealth, ass. Go **** yourself and get raped.

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by celticlord View Post
    So we need to help them end influenza, tuberculosis, and HIV, and then help them not overpopulate.......

    Given these parameters, wouldn't doing nothing be the most efficient means to that end?
    That is essentially what we have been doing for the past several decades, yet their populations continue to grow and easily preventable diseases continue to spread.
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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by Kandahar View Post
    Very few countries have developed entirely on their own without any foreign assistance. About the only ones I can think of are the United States and the United Kingdom (and it's debatable as to the extent even those two developed on their own).

    There's really no way for poor sub-Saharan African countries to escape the poverty trap without outside assistance. As long as malaria, influenza, tuberculosis, and HIV continue to ravage their countries, they will not have a marketable work force. As long as they continue degrading their environment and practicing unsustainable development, they will not have a marketable agriculture sector. As long as they continue to overpopulate their already overpopulated countries, they will not be able to provide for themselves. As long as they don't have function education at the most basic level, their work force will have no skills.

    Foreign assistance can go a long way to preventing many of these problems for very little money.
    This is all speculation. We need vastly wiser Civilized World(TM) to come in and build their nations for them, right?

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by BulletWounD View Post
    This is all speculation. We need vastly wiser Civilized World(TM) to come in and build their nations for them, right?
    Nah...just need white folk to go teach the black folk how to live...haven't you been paying attention?

    The idea that stepping away from the foreign aid fiasco, letting the kleptocracies collapse, and allowing people to build up indigenous societies and governments in accordance with their values and ideas, of course, is just so five minutes ago......

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    Re: G-20 to give $1 trillion to IMF, World Bank

    Quote Originally Posted by celticlord View Post
    Nah...just need white folk to go teach the black folk how to live...haven't you been paying attention?

    The idea that stepping away from the foreign aid fiasco, letting the kleptocracies collapse, and allowing people to build up indigenous societies and governments in accordance with their values and ideas, of course, is just so five minutes ago......
    No, we can't do that. We would not be paying homage to our new universal value - "Stability."

    Here's a great charity for anybody who really cares about Africa.

    Home | Books For Africa

    How is this money going to be divided anyway? Is it going to be even among the G-20 members or is the overwhelming brunt of the burden going to be born by the United States as usual?
    Last edited by BulletWounD; 04-02-09 at 04:26 PM.

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