Don’t forget Africa

A dispatch from Davos…
The tragedy of this crisis is that the reckless conduct of the West’s financial elite has yanked the rug from underneath the feet of the world’s poorest countries. All over Africa, governments were just starting to rebuild their economies on a sound free market footing — and had at last begun to roll back destitution – and then this happens. “For Africa it is a risk of decoupling, derailing, and abandonment altogether,” said Trevor Manuel, South Africa’s finance minister, at a Davos gathering this morning. “Investors are retreating. In the Congo, there are 48 mining projects in various states of abandonment…If this crisis goes on much longer, it is going to lead to political and social unrest around the world.”

Advertisements

About Caracas Gringo

Representing less than 0.00000000001515152% of the world population as of 31 December 2011.
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s