Thursday, May 1, 2014

Chapter 13

"Wonderful people, terrible government." The accuracy of that statement can really hit you hard. I am writing this blog post from a laptop, both of which (blog, laptop) someone in sub-saharan Africa would not be able to define. But this blog post is not going to be focused on the things that we all have and take for granted and that the other people are missing out on. Or why can't we just give them these things and send people to help them learn how to post on a blog. Countries that cannot provide the support of a strong economy for their people, selfishly hoard money and give these people living in mud huts no way out by making education and healthcare near unattainable is disgusting, but so what? So what can we do about. The fact that the Middle East leaves women out of their workforce and other important areas of life (they are not allowed to drive etc.) alarms all of us morally but if you think about it through the eyes of an economist, the fact that these countries have such low per capita GDP,  and a stagnant economy is because they have banned such a huge part of what could be a part of the work force, from working and it does nothing but impede progress. As does having ridiculous codes for vending machines. These absurd restrictions and ways of life make no sense to us, but to these countries it is what is expected and this makes it hard for other countries to step in. The corruption runs deep, but there are ways around it. Rewarding countries that provide economic freedom and rewarding companies that help these countries get there are huge steps in this exponentially large problem. Great Britain's Prime Minister thought to reward the medical company that made the most effective medicine to help people, by providing the incentive lacking from  helping the penniless is what I believe we should turn to more and more in our fight to shape the economies of the world to better tend to the needs of the people.

3 comments:

  1. I really enjoyed the analogy to you using your laptop

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  2. This is really insightful, I really like the beginning part where you talked about the contrast between your life and a person across the world. You're comfortably typing at home while someone across the world can't even define the words.

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  3. From an economists point of view (and obviously morally too) it is completely ridiculous that there are countries that decease their human capital by almost half because they don't allow women to work. Not only that, but as Wheelan said in this chapter, women in third world countries are more responsible with family finances.

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