Now, the US government & the EU are shelling out almost US$ 3 trillion to breathe life into failed businesses. THAT amount is enough to provide basic amenities to ALL the poor in the world.
It seems Dr. R. K. Pachauri's Dec 6 post echoes the above thoughts:
We certainly live in a strange world. There is reluctance among the rich, not only in the developed countries, but also among the growing numbers of the rich in the developing world, to support programmes of this nature. However, we are prompt in arranging the bailout of failed institutions like banks and industries that are now the reasons for the economic crisis facing the world.There are a lot of fresh thinkers and visionary people out there. We just need some MORE support and resources to reach the Tipping Point.
... ... ...
One global estimate of all government funded bailout plans in the aggregate is put around US$ 2.7 trillion upto now.
... ... ...
A sum totaling US$ 2.7 trillion, if used judiciously, could wipe out poverty, eliminate hunger and disease, create new market opportunities, provide energy security, create solutions for meeting the challenge of climate change and possibly stamp out terrorism across the world.
Once the dust settles on the current economic crisis would we take a different view of worldwide poverty? Would we mount new strategies for balanced and equitable growth? A new approach can help in meeting the threat of climate change and create a wide variety of universal benefits and potentially eliminate the most serious problems facing humanity. But we would need fresh thinking and vision to make this happen.
Read Dr. Pachauri's entire post here.
Posts
