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But, if it can be defaulted or inflated away, it was just paper wealth in the first place - claims on inexistent future energy resources at inflated prices.
( * ) I just checked the Global Rich List and I found that I'm actually in the top 1% of the world. So I'm the bad guy I am ranting about.
All youI have to do is make a choice. $8 could buy youme 15 organic apples OR 25 fruit trees for farmers in Honduras to grow and sell fruit at their local market. $30 could buy youme an ER DVD Boxset OR a First Aid kit for a village in Haiti. $73 could buy youme a new mobile phone OR a new mobile health clinic to care for AIDS orphans in Uganda. $2400 could buy youme a second generation High Definition TV OR schooling for an entire generation of school children in an Angolan village.
$8 could buy youme 15 organic apples OR 25 fruit trees for farmers in Honduras to grow and sell fruit at their local market.
$30 could buy youme an ER DVD Boxset OR a First Aid kit for a village in Haiti.
$73 could buy youme a new mobile phone OR a new mobile health clinic to care for AIDS orphans in Uganda.
$2400 could buy youme a second generation High Definition TV OR schooling for an entire generation of school children in an Angolan village.
I entered the UK median salary. And it said that I was the 58 millionth richest person in the world. That would be very, very odd. The UK has 62 million inhabitants. Even counting only half as having a salary (an obvious underestimate), that's already 16 million richer people in the UK alone. Probably around 80 million in the US. We still have quite a few countries to go and we are way already way over 58 million.
Then, of course, it does not seem to take the difference in purchasing power into account at all. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
My parents own a house, the're richer than me.
But their salary is lower (pensions...) so they're poorer?
That's just an example to show it's dumb, even if the truth is that I'm probably richer than I would feel compared to third world nations. After two year's working on african projects, I had gathered that news alone, thanks.
They do not strike me as being in direct competition for raw materials, so basically they're in competition for qualified labour. Which is currently sufficiently abundant as to be a problem.
So the actual choice is whether to provide all of these things (with the possible exception of the TV, which might be in competition for energy resources), or providing only a subset of them. The latter is of course only desirable if your objective is to keep third-world countries miserable, suppress labour bargaining power through unemployment, or both.
- Jake Friends come and go. Enemies accumulate.
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