PKT message, Re: [gang8] How to spread prosperity

"All that Third World investment requires is that a good slice of the investment spending is into the local market, not on components shipped in from the Firsdt World which are then assembled by imported First World technicians fed on shipped in provisions. It also requires that the local banks do not go haywire with credit creation, and that the local government allows sound money to be spent in local currency in the local marketplace."

Chris,

I like the above.

It's important that the supplier/investor and the recipient work together. We want projects jointly planned, jointly implemented.

We want as much as possible or practicable provided locally.

Again, I do not see it as a handout arrangement or as an "aid" program in the sense that term has been used in the past.

That's why I've talked about resemblances to the Marshall Plan and the EU. The projects then become a learning process, an investment process, a development process for everyone.

When the school is built, there's something more than just a school on a particular site.

There are people who can build more schools. Something has been learned about how you can get local finance as well as perhaps some external finance.

People will have learned to do the best deal with educational equipment suppliers - including computer makers, software and so on.

So it will be with health and the environment, with transport and communications.

A lot of modern technology in the communications field would be valuable in developing areas and would lead them in directions which would be self-perpetuating for income and wealth.

Infrastructure for transport, modern rail and road systems, port facilities - all of these are needed and again can be both an earning process and a learning process for everyone.

These are things we should think about actively and get that planning process going as soon as we can.

We should have integrated programs - not just a program for clean water and nothing else.

Not a program for schools only which can't be properly sustained because there isn't the infrastructure needed or the other investment that will promote continuing higher income and accumulating wealth.

That's what VOW has in mind.

James Cumes

http://VictoryOverWant.org

----- Original Message -----

From: ChrisOfDulwich@xxxxxxx

To: gang8@xxxxxxxxxxxxxxx

Sent: Tuesday, June 11, 2002 6:39 PM

Subject: [gang8] How to spread prosperity

.

Arno writes : "So, some 'balance' of distribution, and therefore some power to the unions (or to a benevolent state) seems to be needed".

I think you are perhaps overduly concerned, Arno; while the power of the unions to "demand a slice" can be counter-productive.

All that Third World investment requires is that a good slice of the investment spending is into the local market, not on components shipped in from the Firsdt World which are then assembled by imported First World technicians fed on shipped in provisions. It also requires that the local banks do not go haywire with credit creation, and that the local government allows sound money to be spent in local currency in the local marketplace.

There is always enough slack in the economy for consumer power to emerge PROVIDED the government and the banks are not thus screwing the system up.

Chris

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