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Free Trade Harms the Poor |
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Written by Stumo
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Thursday, 07 August 2008 |
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Public Citizen's blog cites a piece by Aileen Kwa of the Third World Network, which, in turn, reveals how trade liberalisation has harmed African countries over the last 20 years instead of helping them. Diverse trade policies are urged, not the Washington-Consensus-version of free trade.
Wacko free traders got a boost from some third world development organizations who thought trade helped the poor. But that is past. The free trade coalition is crumbling. The data is just horrendous on virtually all fronts for them.
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In the news
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Colorado CPA member Milt Heft has these thoughts on money, wealth and the economy. Heft is the owner of Petrogen, Inc in Colorado Springs.
A few thoughts about manufacturing:
There is a great misunderstanding of the relationship- between money and wealth. The beginning principles with which we can all agree are a few and simple noble truths:
1. Money is meaningless without wealth.
2. Wealth is difficult to distribute without money.
3. Wealth is the reality of the physical things we need to survive and thrive: food, clothing, shelter, ice cream & computers. It is the product of mining, industrial production, and agriculture.
4. Money is anything that make the wheels of production and distribution go ‘round.
5. Money is easy to manufacture and control.
6. Wealth takes a lot of blood, sweat, toil and tears.
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