meowdate: (Default)
[personal profile] meowdate
1st Posted: 2012-08-15 14:03:00
(23,2,12016 comment : also applies in depressed parts of Rich Nations...)
The Economic Reason
"One of the principal economic problems facing us and the rest of the world is achieving maximum production and continued prosperity. The loss of a huge, potential market for goods is a direct result of the economic discrimination which is practiced against many of our minority groups. A sort of vicious circle is produced. Discrimination depresses the wages and income of minority groups. As a result, their purchasing power is curtailed and markets are reduced. Reduced markets result in reduced production. This cuts down employment, which of course means lower wages and still fewer job opportunities. Rising fear, prejudice, and insecurity aggravate the very discrimination in employment which sets the vicious circle in motion.
Minority groups are not the sole victims of this economic waste; its impact is inevitably felt by the entire population.
Eric Johnston"
http://www.trumanlibrary.org/civilrights/srights4.htm#139
These explanations of how segregation impacted the US economy apply equally to how resource drain from Developing (fka Third World) economies impacts the world economy. This is the chief ECONOMIC reason that we need Fair Trade and equal exchange laws. All the world suffers when part of the world is denied equality, via policy or path dependent history, as the case may be, we urgently need to cooperate and share with the entire world our technologies and our resources because unless we do so, we are all limited.
Shira
Read, Write, Dream, Teach !

ShiraDest
23 February, 12016 HE
From:
Anonymous( )Anonymous This account has disabled anonymous posting.
OpenID( )OpenID You can comment on this post while signed in with an account from many other sites, once you have confirmed your email address. Sign in using OpenID.
User
Account name:
Password:
If you don't have an account you can create one now.
Subject:
HTML doesn't work in the subject.

Message:

 
Notice: This account is set to log the IP addresses of everyone who comments.
Links will be displayed as unclickable URLs to help prevent spam.

March 2016

S M T W T F S
  12345
6789101112
1314 1516171819
20212223 242526
27282930 31  

Most Popular Tags

Style Credit

Expand Cut Tags

No cut tags
Page generated Sep. 21st, 2017 08:38 am
Powered by Dreamwidth Studios