War and Pandemic Could Push 263 Million Into Extreme Poverty This Year.
We saw this coming, as well as a way out, two years ago.
Brick-making, furniture-crafting, and brush-clearing were occupations in the era of Pharaoh, but nobody had any idea what a "better life" might look like. The current crop of kids, for the time being deprived of their schooling and their consumer electronics, at least have some idea what a better life looks like. If their minds are not polluted with social justice posturing, they might be able to figure out how to get it back, once the contagion passes. The contagion, too, shall pass. I'm less optimistic about bad ideas in political economy.
Unfortunately,
the idiots at Oxfam are
at it again with all the wrong remedies.
That's according to Oxfam, which warned Tuesday in a new report that urgent international action, including canceling impoverished nations' "unpayable" debt obligations and taxing the windfall profits of corporations along with the wealth of multimillionaires, is needed to prevent rising food and fuel costs from further exacerbating global economic hardship and inequality.
Will someone tell me how much of that oligarchic wealth came from trading with Afghanistan, Sudan, Yemen, and the rest of the usual third world basket case countries that are facing visits from the four horsemen?
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