Commodity Trade Mantra

Posts Tagged ‘Poverty’

What The World Bank Actually Does

What is the World Bank, what does it do & why is it important for the BRICS to challenge its hegemony in the development & poverty reduction arenas? For answers, we need to examine both – the official history that it touts to the outside world & real history of its part in plundering the developing world that it is supposedly there to help.

The Four Pillars of Poverty - Marc Faber

The increase in poverty rests on four pillars: Cultural & social factors, educational issues, excessive debt & government handouts, which encourage people not to work. Other factors: International competition – keeps wages down; Monetary policies – create bubbles & impoverish the majority.

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