Even in the West, inequality and poverty are on the rise. Poverty has, in fact, reached the levels of 1933. Devote 4 minutes to watching Thomas Pogge, professor of Yale University, talking about the current international system that allows a large part of the world’s population to live in abject poverty:
The great recession pushed millions of people into poverty. Add to that the fact that people all over the world are moving into urban areas to seek their fortune and we have a danger of slums increasing tremendously.
How do we keep them safe in urban areas?
There hence is a huge need to reduce vulnerability in urban settings. Half the world’s people now live in cities, a share that will rise to 70 percent by 2050.
So what are we going to do to give more people in the world a decent life? If we don’t do anything the amount of people living in shantytowns will rise, everywhere. Or call them homeless, if you wish.
Extreme poverty leads to crime – or worse
Countries with a lot of poverty easily gets trapped in crime or worse, become failed states. And I don’t need to tell you how easily failed states can follow in the steps of Afghanistan and Somalia, do I? Iraq and Syria are in the pipeline. So it’s in the interest of all of us to start eradicating poverty in the world.
And let’s not forget poverty in the developed world
Frankly find it unbelievable that child poverty is on the increase even in a country like Sweden. And so is poverty in all age groups, for that matter. And the same applies to Europe as a whole and the United States. Isn’t it, like Thomas Pogge put it, a crime against humanity?
Do we really want a world where poverty is increasing and the middle classes are in decline?
Negative for much of the world’s population
One hundred faculty members at University of Chicago wrote a letter of protest when university president Robert ZImmer announced the creation of a $200m Milton Friedman Institute stating that “The effects of the neoliberal global order … strongly buttressed by the Chicago School of Economics, have by no means been unequivocally positive. Many would argue that they have been negative for much of the world’s population.” Since the time when Reagan was president the Chicago boys have dominated not only Washington but the world, not least through the IMF. So isn’t it time to stop implementing policies that favour multinational companies at the expense of the majority of people?
Do you agree with Pogge that many of the people who support the current international system are like passive Germans during the Nazi era? Do we really want the world’s middle classes and poor to be worse off? Is it really a good idea to have more people across the globe living in shantytowns? Or being homeless? What’s your opinion? Is it time to put market fundamentalism aside and start stimulating economies in order to grow again and give more people a decent life? Or are you of the opinion that Friedman’s version of corporate capitalism is the way forward?