Filed under: Africa, Capitalism, Developing Nations, Economy, Education, Foreign Policy, Freedom, History, Media Bias | Tags: Free Market Capitalism, Societal Transformation, Understanding What's Important
Leon Louw is an author, policy analyst, and executive director of the South Africa-based think tank: The Free Market Foundation. “Thank goodness people are ‘exploiting ” Africa by buying things from it, by investing in it, by employing people in it,” he said. “The worst thing that would happen is if people decide to stop exploiting Africa.”
The statement might sound provocative, but Louw is responding to a a pair of critiques he hears often: That economic development is akin to exploitation and that the gap between rich and poor is growing dangerously large. But Louw says that the focus on economic inequality is a distraction from a more important metric.
“The world is experiencing the most amazing accomplishment of humanity: The virtual elimination of poverty,” says Louw. “It’s strange that as that happens, we are talking about it as if there is more of it.”
Another illustration of “One of the Most Remarkable Achievements in Human History.”Some good news to be celebrated. The Decliners are sure that there is more poverty, more unfairness, more decline. About 9 minutes long. It is getting really hard to get a straight, true look at the state of the world. Those things which are hard and bad are ignored, misunderstood, and the dangers made light of. And the good things? We don’t even know they are happening. It would be helpful if there was way less talk about the supposed gap between the rich and the poor, and a lot more appreciation for free market enterprise that moves people out of poverty.
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