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Friday, 13 March 2009

Global victims of Brown's incompetence

Last September Brown lectured the UN on Western indifference to global poverty:
Some say a time of financial turbulence is the time to put our ambitions on hold, to cut back. This would be the worst time to turn back - every global problem we have requires global solutions involving all the continents of the world. Africa and the developing countries are not the problem, they are part of the very solutions to today's problems. The hungry are dying while we wait. We say we are one world, but every three seconds we allow one child to die from extreme poverty.
Yes, this is the same Gordon Brown that the FSA says was responsible for the destruction of meaningful bank regulation in the UK, the same Gordon Brown who embarked on a ruinous spending spree at a time of growth, the same man who believed he had ended boom and bust, and the same Gordon Brown who overinflated the asset bubble for a fantasy world of ever-increasing tax takes and spendthrift profligacy. The same Gordon Brown who now refuses to apologise, crying indignantly that a big boy did it and ran away.

The pain, anguish and hardship that Brown's incompetence will cause to the people of the UK will be deep enough.
The Economist sets out the consequences of the crisis to the poorest billion in the world. The devaluation of the pound has reduced Britain's overseas aid in real terms to a fraction of its former worth; billions in debt repayments are also falling due from African nations to British banks, and the price of commodities - the wealth of the poorest nations - has plummeted. The Economist concludes:
The consequence will be dreadful. The World Bank reckons that between 200,000 and 400,000 more children will die every year between now and 2015 than would have perished without the crisis.
Perhaps that knowledge is what keeps Brown awake at night, and why he cannot admit even to himself his culpability at least in part for the rows of tiny graves that will stretch from Cairo to Cape Town.


Nick Drew said...

to cap the effects reported by the Economist, I was told by a researcher in the field that private charitable donations etc have already fallen by 40%, which mirrors the collapse in the value of endowments such as the Gates Foundation

it's either banned or compulsory said...

The best way to help Africa would be to get rid of the EUs French Agricultural Policy.