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WORLD POVERTY

WORLD POVERTY. The Standard “Shocking Stats”. Half of the World Lives on Less Than $2.50/Day 95%: Less Than $10/Day GDP of the 41 “HIPC” Countries Less Than Combined Wealth of World’s 7 Richest People. It’s Not Getting Any Better The Widening Gap.

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WORLD POVERTY

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  1. WORLD POVERTY

  2. The Standard “Shocking Stats” • Half of the World Lives on Less Than $2.50/Day • 95%: Less Than $10/Day • GDP of the 41 “HIPC” Countries Less Than Combined Wealth of World’s 7 Richest People

  3. It’s Not Getting Any BetterThe Widening Gap • More Than 80% of World’s Population Lives In Country With Widening Gap • The Richest Country Also Owns Widest Gap • 9 Million+ Millionaires in U.S. (2006) • Richest 1% Own 38% of Wealth National Level International Level • Distance Between Richest/Poorest Countries: • 1820 --- 3:1 • 1913 --- 11:1 • 1950 --- 35:1 • 1973 --- 44:1 • 1992 --- 72:1

  4. It’s Not Getting Any BetterThe Widening Gap • More Than 80% of World’s Population Lives In Country With Widening Gap • The Richest Country Also Owns Widest Gap • 9 Million+ Millionaires in U.S. (2006) • Richest 1% Own 38% of Wealth National Level International Level • Distance Between Richest/Poorest Countries: • 1820 --- 3:1 • 1913 --- 11:1 • 1950 --- 35:1 • 1973 --- 44:1 • 1992 --- 72:1

  5. It’s Not Getting Any BetterThe Widening Gap • More Than 80% of World’s Population Lives In Country With Widening Gap • The Richest Country Also Owns Widest Gap • 9 Million+ Millionaires in U.S. (2006) • Richest 1% Own 38% of Wealth National Level International Level • Distance Between Richest/Poorest Countries: • 1820 --- 3:1 • 1913 --- 11:1 • 1950 --- 35:1 • 1973 --- 44:1 • 1992 --- 72:1

  6. It’s Not Getting Any BetterThe Widening Gap • More Than 80% of World’s Population Lives In Country With Widening Gap • The Richest Country Also Owns Widest Gap • 9 Million+ Millionaires in U.S. (2006) • Richest 1% Own 38% of Wealth National Level International Level • Distance Between Richest/Poorest Countries: • 1820 --- 3:1 • 1913 --- 11:1 • 1950 --- 35:1 • 1973 --- 44:1 • 1992 --- 72:1 World Bank: Poverty Decline Since 1981

  7. It’s Not Getting Any BetterThe Widening Gap • More Than 80% of World’s Population Lives In Country With Widening Gap • The Richest Country Also Owns Widest Gap • 9 Million+ Millionaires in U.S. (2006) • Richest 1% Own 38% of Wealth National Level International Level • Distance Between Richest/Poorest Countries: • 1820 --- 3:1 • 1913 --- 11:1 • 1950 --- 35:1 • 1973 --- 44:1 • 1992 --- 72:1 World Bank: Poverty Decline Since 1981 • China: 85% to 15.9% • World: ~10%

  8. Important to the World? • Millennium Developmental Goals (MDGs): • #1 Eradicate Extreme Poverty & Hunger • #8 Develop Global Partnership for Development

  9. Important to the World? • Millennium Developmental Goals (MDGs): • #1 Eradicate Extreme Poverty & Hunger • #8 Develop Global Partnership for Development Stronger Link Than Usually Acknowledged

  10. Hungry People • World Food Shortage? • 1/3 of World’s Starving People in India • 1999: 10 Million Ton Food Grain Surplus • 2000: 60 Million Tons

  11. Hungry People • World Food Shortage? • 1/3 of World’s Starving People in India • 1999: 10 Million Ton Food Grain Surplus • 2000: 60 Million Tons - Most Left in Granaries to Rot -

  12. Hungry People • World Food Shortage? • Ethiopia was exporting green beans to Europe during 1980s famine

  13. Hungry People • Food is Commodity - Not Something Grown To End Hunger • Poor do not have purchasing power to change patterns of consumption

  14. Hungry People • Food is Commodity - Not Something Grown To End Hunger • Poor do not have purchasing power to change patterns of consumption People are not hungry due to lack of food They’re hungry because they don’t have money

  15. Blame? • Food Dumping • Instead of self-sufficiency, creates dependancy • Undercuts local farmers

  16. Blame? • Food Dumping • Instead of self-sufficiency, creates dependancy • Undercuts local farmers • USAID: $50M Aid to Zimbabwe • Contingent on purchase of genetically-modified maize • Providing a market for the unmarketable

  17. Blame? • Food Dumping • Instead of self-sufficiency, creates dependancy • Undercuts local farmers • USAID: $50M Aid to Zimbabwe • Contingent on purchase of genetically-modified maize • Providing a market for the unmarketable • Globalization • Super-labels contract production to weak economies • Drop in standard of living and purchasing power

  18. Blame? • Food Dumping • Instead of self-sufficiency, creates dependancy • Undercuts local farmers • USAID: $50M Aid to Zimbabwe • Contingent on purchase of genetically-modified maize • Providing a market for the unmarketable • Globalization • Super-labels contract production to weak economies • Drop in standard of living and purchasing power • Corruption • Rich countries encourage the behavior • Cold War, concessions/bribes, drug trade

  19. Who Cares?

  20. Who Cares? • Bleeding Heart Granola Eating Tree Huggers

  21. Who Care? Should v • Bleeding Heart Granola Eating Tree Huggers Environmental damage from land misuse - Demand for textiles, flowers, tobacco, etc

  22. Who Care? Should v • Bleeding Heart Granola Eating Tree Huggers Environmental damage from land misuse - Demand for textiles, flowers, tobacco, etc • You, if you’re not filthy rich

  23. What’s Being Done? • HIPC, MDRI Takes away ability to control economic future Forced to export resources to pay debt Health, education, welfare take the hit $1 aid - - - - - $25 debt repayment • Debt: “efficient tool...to ensure access to other people’s raw materials and infrastructure on the cheapest possible terms”

  24. “Spiraling Race To The Bottom” Role of the state declines Export more to pay debt Increasing entries to global market Value drops Western customers benefit Reduction in consumption Social unrest/instability Foreign investors pull-out

  25. What Should Be Done?

  26. What Should Be Done? All sorts of ideas floating around...

  27. What Should Be Done? All sorts of ideas floating around... Changes in Western consumerism

  28. What Should Be Done? All sorts of ideas floating around... Changes in Western consumerism Stop giving fish and start teaching how to fish

  29. What Should Be Done? All sorts of ideas floating around... Changes in Western consumerism Stop giving fish and start teaching how to fish Stimulate demand side in third-world Empower workers to stand up for rights Foster democratically-elected, corruption-resistant governments Regulate human rights Enforce environmental regulations

  30. What Should Be Done? All sorts of ideas floating around... Changes in Western consumerism Stop giving fish and start teaching how to fish Stimulate demand side in third-world Empower workers to stand up for rights Foster democratically-elected, corruption-resistant governments Regulate human rights Enforce environmental regulations Legalize Drugs

  31. What Should Be Done? All sorts of ideas floating around... Changes in Western consumerism Stop giving fish and start teaching how to fish Stimulate demand side in third-world Empower workers to stand up for rights Foster democratically-elected, corruption-resistant governments Regulate human rights Enforce environmental regulations Legalize Drugs Realize that a “healthy, well-fed, literate population...is the most intelligent economic choice a country can make”

  32. What Will Be Done?

  33. Questions? Kill MiGs

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