"Today is a very important day for this President they call Bush, he might just have to tell his fishing and golfing buddies, as it were, that it is NOT ok to raid the coffers of the companies they run, depriving innocent black inner-city children of quality education and health care, as it would be said by those that some may call the conscience of America, the bedrock forces that shape and define the striking dissimilarities between wealthy whites and poor, disadvantaged, downtrodden oppressed blacks. Here's that man they may call the President."
Take Haiti and the Dominican Republic, two developing countries with a common border. The 2001 Index shows that of the 155 countries graded, Haiti ranks 137th, while the Dominican Republic is 59th. So what? Well, the answer to that question is this: Thanks to a more market-oriented economy that features low tax rates, Dominicans earn nearly five times as much as Haitians: an average of $1,799, compared to Haitis $370.
Examples like these abound. So why the Banks misdiagnosis? Partly because of what it sees in the former Soviet Union. Weve poured billions into many of these countries, and theyre worse off today than under Soviet rule, Bank officials say. So capitalism obviously doesnt work.
But as the United States and other democracies have shown, capitalism isn't just the absence of socialist-style economics.
The reason should be clear: All the loans in the world are no substitute for economic reformfor freedom. Countries that want to be rich dont need charity; they need to unshackle their peoples economic potential. Perhaps then the Bank can adopt a new slogan: "Our Dream is a World Thats Really Rich."
A World Free of Wealth
Brian and the non-economists on the left should stick to reading teleprompters and kissing babies.
????!!!????
So now Brian "I'm just waiting for Brokaw to die" Williams is the shining white knight for black America? Oh, please, I don't wanna barf this afternoon...
THANKS. I was hoping you'd do that.