Showing posts with label world bank. Show all posts
Showing posts with label world bank. Show all posts

Sunday, March 8, 2015

We will always have the poor

Eliminating poverty is a good thing. The World Bank says it can be done by 2030.

Congo refugee girl suffering Kwashiorkor. Wikimedia Commons
Can she? I thought I'd share this article for two reasons:

  • If the World Bank succeeds, it has solved a challenge that has not been breached for millennia.
  • It should have elevated itself to an Institution that can foretell and prophesy events.
A closer reading of the Economist.com's article shows that the WB has given itself a tough job, and a long fight.

Let's not eliminate poverty. The 3% estimate might be too high. Why not let it be, say, 5%, or 6% - just take away so many innocent persons from penury and want. Let them live above $1.5 per day for starters.

By 2030!