Linked by Amjith Ramanujam on Thu 21st Aug 2008 23:44 UTC

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Sorry about my crude reply, but you called me a clueless westerner. I'm from Romania and living in France, been living in Blegium previously, but that doesn't matter I'm a resident of the world.
Excuse me, you need to take a class learning English, because I most certainly didn't call you a clueless westerner:
Assuming that these countries keep reforming, instilling property rights, crack down on corruption, ensure that the justice system is untained by political interference and corruption - yes it is possible. But given the number of clueless westerners hell bent on resurrecting socialism (but those individuals not having the slightest clue about economics to begin with) - I wouldn't be surprised if we see yet another experimentation with socialism in the third world.
Now where did I specifically refer to YOU as the clueless westerner? I never said anything of the sort; it was a generalised reply that anyone who held the view that socialism was the answer to the ills of the third world as being clueless. It is YOU who made that leap into the unknown by declaring that some how that paragraph was addressing you, and only you specifically.
I'm not interested in giving a economics, but when you don't have property rights, businesses can't grow, borrow money, when the justice system is corrupt, property laws are enforced. When there is a political system that is unstable - the climate isn't conducing to investors providing funds and required expertise. When there are first world countries subsidising goods to high heaven and artificially depressing prices - third world countries can't trade their way out of poverty by having the economic incentive for farmers to go back onto the farms and produce (give that the cost of product is higher than the price returned on the investment thanks to the depressed prices due to the over production which results from the subsidies).
Member since:
2005-07-06
Again, a rude reply from a person too cowardly to put their nation of residence on the profile - why aren't I surprised.
Pleas tell me - what is the solution to poverty? because apparently YOU have appointed yourself as having ALL the answers through your snarky and rude reply.