War on Poverty?

discussion on wealth, development and poverty, poor, homeless, social justice, economics, corporate morals, jobs

Thursday, May 18, 2006

Jobs.....more jobs

Philippine President Gloria Arroyo has also declared war on Poverty and her rallying cry is "Improve the Economy". She says that luriing foreign investors into the Philippines will result in the creation of more jobs and make a dent on the poverty situation. She is an economist educated in the United States. She boasts former United States President Bill Clinton as her classmate in the university. She must know what she is talking about. At a glance, one could see how it would be logical for wealth to trickle down to the poorer rection of society if more jobs were available. This was the mantra of the Republicans who were roundly trounced by the Democrats when the economy started slowing down. "Trickle-down economics" they called it. It favors big business, giving all sorts of tax breaks in order to make them more profitable and somehow in some magical way, some of the wealth would trickle down to thte general population.

No one has been able to solve the problem of Poverty notwithstanding the number of brilliant minds there are in the world today. Six billion people and counting and each one is trying to keep himself in the forefront of wealth accumulation or to keep himself from sliding into the dark, unnumbered mass of poor people. The Filipino is derided as having a crab mentality when he exhibits the tendency to climb over others to better himself that is, at the expense of those he has stepped on. I think this is a slur on the crab which probably has a much better plan of survival otherwise, there wouldn't be so many crabs today. The world has produced a Bill Gates who at the height of his wealth had an estimated personal value of almost 100 Billion dollars And we have homeless people even in America. Imagine that.

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