The Forum > Article Comments > Solving poverty > Comments
Solving poverty : Comments
By John McKinnon, published 1/11/2006The World Trade Organisation is governed by a dictatorship of wealth.
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For the record, I think that Australia should increase its aid budget, and its citizens could do more to address poverty at home and overseas. But I don’t think aid will cure global poverty by itself. It can alleviate the symptoms of poverty, so there’s definitely a case for humanitarian aid. And in the right circumstances, it might help to raise economic capacity, but only as part of a package of policies measures whose key focus must be on raising the productivity of poor economies.
You assume globalisation is synonymous with business exploitation. I don’t share that view, but even those who do recognise that the alternative can be even worse. Joan Robinson, a leading left-wing economist, said “the misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all”. If you can’t offer a realistic alternative that’s going to be better, then you do the poor no favours by denying them the benefits of globalisation.