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Thursday, April 11, 2013

Poverty makers
Alnoor Ladha and Martin Kirk of /The Rules and Joe Brewer of Cognitive Policy Works argue that global poverty is created by an “industry that includes private companies, think tanks, media outlets, government policies, and more”:“This isn’t to suggest that there’s a dark, smoky room somewhere in which a small cabal plots to cause immeasurable misery just because they can. This isn’t a conspiracy theory. In truth, it happens in big boardrooms and political conferences, where people create rules and execute strategies to ‘maximise self-interest’ as economists say, by extracting wealth from others. This is largely driven by a maniacal focus on short-term profit or advantage while ignoring one of its primary effects – the impoverishment of hundreds of millions of people. Wilful ignorance, though, as any legal scholar will tell you, is no defence in law. It’s about time we applied the same standard to our economic rules and realities.”

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