If you ever injected truth into politics you have no politics.

- Will Rogers

Do Not Know

It is important that historically relevant information not be made available to the masses, or they might think and realize that government is not God, and it not the answer:

Amartya Sen, winner of the Nobel Prize for Economics in 1998 argues that famines in the Third World are not caused by actual food shortages but institutional failure. The great famine of Bangladesh in 1974 occurred in a year of greater food availability per head than in any other year between 1971 and 1976. Instead it was the Bangladesh Government that owned 40% of the industry and regulated with price controls and high taxes administered by a huge, corrupt, foreign-aid dependent bureaucracy that caused the famine. The problems were caused by that country's flawed domestic policies, not too many people. The same can be said of Africa today. It is like putting on golden handcuffs when you turn your own freedom and power over to a neglectful, soul-less, unaccountable entity called government. [Read]

It is going to take some time before the government has this much control, but give them time. And as for the corruption, well, you know...

The article is a "must read":

Government corruption and callousness has turned many natural resource "rich" countries into poor countries. Brazil, India, Mexico, Russia and the Congo are examples of natural resource rich countries whose corrupt, anticapitalistic policies have consigned most of their citizens to lives of grinding poverty. Chile, who used to be in those ranks, has moved on. Chile's war on corruption, investment in its people and downsizing of its government has made all the difference. If every country adopted the Chilean model, poverty as we know it would be eliminated by the end of this century.

posted at 19:36:40 on 01/14/10 by clearpolitics - Category: Economics - [Permalink]

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