dambisa moyo on poverty

Listening to Dambisa Moyo after all is giving more confidence of my belief that aid should be re-considering again. There should be a review on that.

Couple things I agree with her is that her perspective that aid, especially aid of G2G (Government to Government), failed to decrease poverty in Africa. It is true in most of under developed countries as well. Another point I like is the way she portraits the aid as a bandage. Aid functions as a supporting for a wound. But it is not a cure, more less.

I would say aid is more like fixing tool of impacts of a bad system. Aid works for symptom created by a system. The system itself is greediness of capitalism of the economy regime where 0,000015 percent (less than 1 percent) of the population of this earth decides how people should be in term of economy.

What general idea in my head, too wide and naive if you would like to say so, is main factors of this global injustice are merely due to two correlated factors. First of all is greediness of few people and secondly is about economy regime. I will try to explain this my 'naive' theory.

Now, take a look at Forbes Magazine listing the most fortune individuals/families on earth of 2010. Forbes lists 1,011 individuals/families who are the most fortune on earth. I once counted their total wealth and the amount is 3,567 billion USD (3,567,000,000,000).These 1,011 persons (families) own the world. They decide the life of 6,827,100,000 people on earth. One thousand people decides the life of 6,8 billion of people.

Another fact is 80% of people on earth earn less than 10 USD per day (Source: World Bank). So, if you earn more than say 300 USD per month you are lucky because you are not a part of this 80% category. I am in the 80% though. Nevertheless, it is more less 12% out of 6,8 billion people (819 million) people earn less than a 1 USD per day...

So, if the one thousand wealthy people just donates 50% of their wealth to the poor people, only 50% from their wealthy, you can make poverty history. You won't see poverty any longer on this earth. As simple as that?? Give it a try :) :) :)