Latinos cause poverty? Depends on which Latinos or Latin Americans, same as North Americans. Richest man in the world is Carlos Sims. But they have had their own versions of left-fascists, and residual poverty leaving them helpless.
The U.S. has enjoyed a history of traditional cultural importance of individual rights and free market principles and the robber barons are never capable of wreaking the havoc that governments do, and have historically done, every time and every place.
Foreign aid given to these governments, like Dambisa Moyo wrote, corrupts them, engenders obeisance to the oligarch interests here that use money they stole from us. Without the political payoffs of government to government, the politicians and political powers of those countries would have incentive to let their own economies generate a better tax base.
Maybe that’s what motivates Honduras with their new economic zones. After the United States joined the world in condemning Honduras for defending themselves against another socialist Cuban-Chavista tyrant, including the US Ambassador promoting dictator Zelaya’s plans and even helping plan the takeover, they figured they should get ready to take care of themselves.
After all, even the Chinese finally figured out there was no way to command the masses into prosperity.
Tags: dictatorship, economics, socialism, United States
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