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.”


About Caracas Gringo

Representing less than 0.00000000001515152% of the world population as of 31 December 2011.
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