October 01, 2007
Just some dry statistics....
Rich Lowry writes on how a strong global economy means there are a shrinking number of poor people in the world. Yes, yes, I know there are still a lot of them, and their plight can be be dire. But it isn't aid programs that are going to help them. Capitalism is the only answer. (Capitalism is not without a drawback or two, but it sure beats starvation!)
GLOBAL capitalism has long lacked for a ringing slogan like "workers of the world unite." It's never too late to find one, and a good candidate - with apologies to the international charity of the same name - might be "save the children."Posted by John Weidner at October 1, 2007 10:52 AM
The United Nations Children's Fund just announced that deaths of young children worldwide hit an all-time low, falling beneath 10 million annually. Better practices to protect against disease and to enhance nutrition - more vaccinations and mosquito nets, more breast-feeding and vitamin A drops - played a role, but the most important factor in this global good-news story is economic growth.
Tt is no coincidence that as UNICEF was reporting the drop in child mortality, the World Bank was reporting global poverty rates had fallen as part of an extraordinary worldwide economic boom. Treasury Secretary Henry Paulson calls it "far and away the strongest global economy I've seen in my business lifetime."
The global economy is growing at a 5 percent clip, higher than the 3 percent of the period from 1960 to 1980 and the 4.7 percent from 1960 to 1980. As U.S. News & World Report points out, "Gross global product is three times as big as it was in 1970 so the global economy is not only growing faster, but there's more to grow.
In a worldwide instance of trickle-down economics, the growth is diminishing the ranks of the poor. According to the World Bank, developing countries have averaged 3.9 percent growth since 2000, contributing "to rapidly falling poverty rates in all developing regions over the past few years." In 1990, 1.25 billion people lived on less than $1 a day. In 2004, less than a billion did, even though world population increased 20 percent in the interim...
I have been arguing for more than twenty years now that capitalism is the greatest enemy that poverty has ever known. (I believe Friedman said that, or something like it.) With virtually all of the statistics on my side it was a pretty easy argument to make. Then, liberals started changing the debate, effectively saying that economic growth and even poverty reduction were not necessarily such great things. Economic growth, they reasoned, was terrible for the environment. As for poverty reduction, well, many of the people I argued with had spent plenty of time in the third world, and had seen with their own eyes people who we would consider very poor who also seemed genuinely happy. I even have one liberal friend who has come to the conclusion (I kid you not) that there is a negative correlation between wealth and happiness. She didn’t put it in those terms, but that is what she was getting at. Now I would certainly hope that economic growth being tied to improvements in infant mortality would at least get their attention, but I am likely being naïve (again). It is virtually impossible to pry someone away from their world-view, no matter how much evidence piles up against it.
Posted by: Mike Plaiss at October 1, 2007 02:39 PMSports Illustrated's Africa aid program is "Nothing But Net", providing mosquito nets to countries with malaria problems. They decided on it for several reasons, not the least of which being that it's a program that is hard to circumvent (like food aid.) A lot of the distributors require that the kids in a family get vaccinated when they come pick up the nets, so they're protected against more than malaria.
It's not government-run. It's a program created by a capitalist corporation and funded by the voluntary subscriptions of its readers. And it works.
Posted by: B. Durbin at October 1, 2007 07:56 PMWho has made the West the pornography capital of the world?. The free-market leaning people or the Leftists?.
In my opinion, the theory of property that underlies the whole libertrian philosophy that says ownership is associated with development and homesteading is just wrong.
Ownership comes from the recognization. The others (neighbors or rival owners recognize you as the owner of a particular piece of land.
That you have developed or not developed it,
enclosed or not-enclosed it has nothing to do with it.
So ownership is social and is not absolute (in a real sense the Earth is Lord's) and also we are not free to do whatever we like eg. waste water or electricity just because we have paid for it.
You are right that ownership is social, but there is problem.
I learned long ago from Peter Drucker the painful truth, that in developed societies there are only two ways the important decisions get made. Either by the market or by the state.
In day-to-day practical terms the social limitations on property use turn into tangled thickets of bureaucracy and lawyers and city council meetings and politics. And rules and laws, so many laws no one knows them all and everyone is breaking the law somehow.
Posted by: John Weidner at October 3, 2007 06:18 AMWhich group made us the pornography capital? Both of them--they both are enemies of the idea of the state enforcing moral norms.
But I think that much more so it was prosperity that did it. Over the course of the 20th Century it gradually sunk in that we could relax the strict disciplines that had brought us out of nothing into the richest nation in history. That we had "made it," and could now loosen our belts and have some fun.
Was this good or bad? Personally I think it's been a @#$%&* catastrophe, but one there was no way of avoiding. We are going to have to discover (or fail to discover) disciplines that will enable us to deal with prosperity without succumbing to its dangers, just as we did for poverty, which has spiritual dangers of its own.
India will soon face the same dangers, Bisaal. Your economy seems to be growing very nicely!
Posted by: John Weidner at October 3, 2007 06:28 AM
