Tuesday, September 07, 2004

I don't understand economics...

...but quotes like this one make we wonder if something isn't working the way it should.

"...Today the top 400 income earners in the U.S. make as much in a year as the entire population of the 20 poorest countries in Africa (over 300 million people)...A series of reports released in 2003 by the UN and other global economy analysis groups warn that further increases in the imbalance in wealth throughout the world will have catastrophic effects if left unchecked. UN-habitat reports that unless governments work to control the current unprecedented spread in urban growth, a third of the world's population will be slum dwellers within 30 years. Currently, almost one-sixth of the world's population lives in slum-like conditions. The UN warns that unplanned, unsanitary settlements threaten both political and fiscal stability within third world countries, where urban slums are growing faster than expected." Read more

I'm still a capitalist, but I think that capitalism without morality and integrity can destroy the world.

"The freest government cannot long endure when the tendency of the law is to create a rapid accumulation of property in the hands of a few, and to render the masses poor and dependent." – Daniel Webster, 1782-1852

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