There is little doubt that my views of economics could be described as being more socialistic than capitalistic, i.e., I promote an economy that focuses on the well-being of all versus one that promotes the greed of some at the expense of most.
The documentary, "End of Poverty?" surely supports my views. I would encourage anyone interested in seeing the downside of capitalism that allowed the "north" to grow at the expense of the "south".
Essentially, my problems arise from the historical record that capitalism creates its wealth at the expense of the poor (nations and people). Colonialism clearly exploited national resources and people, leaving the host nations at a disadvantage. But, we continue to do the same thing now through the World Bank and IMF, as well as international treaties. In his book, Economic Hitman, John Perkins (who was an economic hitman) reported how nations create debt for poor nations that can never be paid off, e.g., selling them on the need for a dam costing millions that actually go the corporations of the lender, e.g., Halliburton, which uses its own people primarily to build the dam and, often, end up having the native people pay for it all without a means of generating payments for the debt. We should be helping the poor nations build their own infrastructure with their own people, generating their own money, etc. The conditions for accepting IMF funding are generally such that it is impossible to pay off the loan with causing a civil war, e.g., the only way Greece can off its new debt is my reducing costs, but reducing this amount of costs is counterproductive since it reducing the ability to generate profits.
The capitalist model that seeks to generate wealth for me without consideration of the other's needs is immoral and will ultimately prove to be counterproductive, i.e., it is only a matter of time before great international and civil conflicts will occur secondary to the anger generated by the injustices.
A synopsis of the film follows:
Global poverty did not just happen. It began with military conquest, slavery and colonization that resulted in the seizure of land, minerals and forced labor. Today, the problem persists because of unfair debt, trade and tax policies -- in other words, wealthy countries taking advantage of poor, developing countries.
Renowned actor and activist, Martin Sheen, narrates The End of Poverty?, a feature-length documentary directed by award-winning director, Philippe Diaz, which explains how today's financial crisis is a direct consequence of these unchallenged policies that have lasted centuries. Consider that 20% of the planet's population uses 80% of its resources and consumes 30% more than the planet can regenerate. At this rate, to maintain our lifestyle means more and more people will sink below the poverty line.
Filmed in the slums of Africa and the barrios of Latin America, The End of Poverty? features expert insights from: Nobel prize winners in Economics, Amartya Sen and Joseph Stiglitz; acclaimed authors Susan George, Eric Toussaint, John Perkins, Chalmers Johnson; university professors William Easterly and Michael Watts; government ministers such as Bolivia's Vice President Alvaro Garcia Linera and the leaders of social movements in Brazil, Venezuela, Kenya and Tanzania . It is produced by Cinema Libre Studio in collaboration with the Robert Schalkenbach Foundation.
Can we really end poverty within our current economic system? Think again.