And it is the structure of the economy that has enabled those who go to Davos to make their fortunes. I\’m not saying the poor are poor because the rich are rich, only that under the current system, the means by which the rich get rich necessarily reduce the life chances of those at the bottom, be they in rich countries or poor ones.
There is a rapidly growing band of African millionaires, but this has led to no change in the situation of most Africans, and nor will it.
Lessee. Mobile telecoms in Africa is an industry that is creating many of those African millionaires. Does this system, whereby capitalist pigdog bastards grind the faces of the poor into the dust on their communications costs reduce the life chances of those at the bottom?
Hmm, given that we are told that a rise of 10 per 100 of the population having mobile phones leads to (and it is causation, not correlation) a 0.5% rise in the trend growth rate of the economy containing that population I think we\’d have to say that no, this isn\’t true. That the means by which the rich get rich is that in fact they provide a service that the poor want, one that increases their life chances. Which is why said impoverished peasants scream with rage when they are not allowed to hand over their cash to their exploiters in return for the life changing opportunity to communicate.
Thus I think we\’ll have to regard the original statement as unthinking socialist windbaggery, something dreamt up rather than anything which relates to the reality of our watery planet.
Pity, Braund\’s usually better than that.