Re: Tears of the Crocodile

["JS M" <jbiggs50@hotmail.com>]

You wrote:
Let us be realistic, countries are like people.
>There will always be a rich and a poor man.  A rich man would feel sorry 
>for the poor man and give out a certain "Aid" (or handout, whatever name 
>you use) but not to the extend of the poor man becoming
>equally rich - who will do the work (this includes provision of cheap labor 
>and products ) for the rich man then? If all people are rich, being rich 
>wont have a meaning and it will never happen.

This is a classical view of economics, repudiated by both Keynes and Marx.  
It assumes there is only a finite amount of wealth in the world.  Ronald 
Reagan took the Keynesian view to the ridiculous extreme by assuming that if 
most of the wealth was concentrated in the top 10%, they couldn't possibly 
spend it all and it would "trickle down".  Thus, it became patriotic to be 
rich.  It's not just the South or the Third World that has a problem with 
the concentration of wealth; wealth is pretty relative when Bill Gates can 
make more in one year than the Gross National Product of Ireland.
jm

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