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Anti-poverty priorities : Comments
By Kasy Chambers, published 17/10/2016Enthusiasm for innovative approaches must be tempered with the acknowledgement that there is a wider economic story at play.
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And as that happens, you do, as discovered in the Great Depression, create flow on factors in the wider economy, that incorporate inherent shrinkage! With larger slices carved off for the privileged, leaving just the crumbs that may trickle down or not, to those on the lower socioeconomic rungs?
And but for a disastrous world war and the keynesian economic stimulus it forced on us along with mountainous government debt, to invest in ourselves! May still have been shrinking still?
Instead and thanks in no small part to that very stimulus, we became the third wealthiest nation on earth and a creditor one at that! Where we went through a period of unprecedented prosperity and wages growth!
Brought to an effective halt in the US, around thirty years ago, by the economic fundamentally flawed gospel of Chicago and its handmaiden Reaganism and Thatcherism. Manifesting as extreme capitalism, quite gross individualism; and the greed is good syndrome that heralded its disastrous Trumpish imposition on most western style economies!
By all means share, but via cooperative capitalism that promotes and improves the average lot of all who are sharing both endeavor and reward!
Yes, charity begins at home, but as self esteem restoring hand ups, not demeaning hand outs, or in our face, obnoxious control related charity, that further exacerbates and entrenches intractable endemic generational poverty!
Alan B