
Originally Posted by
Dakota
The world has had the means to eliminate poverty for 40 or 50 years now. The tool used has been foreign aid. The problem with foreign aid is that it is stolen by the corrupt 3rd world politiicans and never reaches the needy. Another issue with foriegn aid is that it is viewed as an entitlement to those who receive it and not as startup capital for a new future.
Countries like Japan, South Korea, Germany, Hong Kong, Taiwan and Singapore were able to lift themselves out of poverty with capitalism and free trade. Even China and India today are making great strides in the standard living of their residents with booming economies, prior to the global recession. Note, non-communists residents in western China are revolting because of an uneven distribution of wealth. The Commuist party is attempting to keep the lionshare for itself. It will eventually lead to a new politicial system over time.
So the question now becomes how can the Philippines create more opportunities for capitalism and free trade?
The Philippines has an appropriate political structure, democratic, to provide a framework for a effective goverment. Why doesn't it work?
Performing a root cause analysis on these issues could identify some interesting causes and maybe next steps and hopefully solutions