So, "Sir Bob" is at it again. Perhaps spurred by the reality that African trade has declined and poverty increased since his "Live Aid" concerts of the 1980s we are again being subjected to a mega event "Siete culpable" guilt trip that few entertainers or politicians are prepared to critique. Realists however might consider that a lot of fat cats are spurred by the reality that a lot of rock and roll as well as political interests want to improve their public image by being seen doing 'charitable work' (that oddly the people of the west will fund while they profit from the publicity).
On the surface the moronically named "Live 8" is about pressuring the G8 summit into debt relief for Africa. In reality its as much about Tony "Phony Blair Image" as the mega stars. Even Paul Wolfewitz and GW Bush are for its (Payback to 'Ton' for supporting the bizzare Iraq invasion)
It's hard to justify insisting that the Africans honor their debts: there is no chance of getting the money back; it was leant badly to the clearly incompetent and corrupt by the equally indifferent. For those of us sick of professional hustlers of 'western guilt' it might finally shut those hustlers up so canceling the debt is just reality while providing some Bob and Bono relief.
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But think some more.
'Live 8' is also about so called 'fair trade' i.e. about the supposed 'injustice' of western companies buying coffee, other cash crops and minerals that are for consumption in the west and processing them in the west. There is supposedly something injust about buying coffee in Africa and roasting and packaging the beans in the west; hell African deserve that money not Westerners.
What fair trade is about is sending billions to Africa. Debt relief is one thing. Taking billions of people in the west to give it to Africa and calling in a politically correct misuse of language "fair trade" is another.
Now consider what happened last time. Why is Africa in debt? A great deal of bureaucrats appointed to the IMF made a lot of bad loans. Here're the rubs those bureaucrats won't suffer one cent: their wealth of those bankers doesn't decline, they don't get investigated or bankrupt. The people of the west get to carry the can.
And it will repeat itself.
Millions of people in the west lead hard lives: they have little hope of accumulating enough money to get out of debt on their own home, they have limited chance of even getting a mortgage on a home before they are 35-40 and not far of infertility. They loose their health waiting for operations or medicines, they suffer in inadequately staffed hospitals and as I've seen with my father they die indignant deprived rests in run down understaffed western hospitals. Millions of people in the west can't afford to have any children anymore. Lets cancel the debt but lets not lend any more government money under the misnomer of "fair trade" (private money is OK), lets stop fat cat bureaucrats and fat cat entertainers from giving and lending our money again. Let's not tolerate endless mongering of western built even for AIDS, a disease created in Africa and more widely exported and spread by that continent than any other.
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Reality doesn't feature much for "Sir Bob". He arrogantly wasted millions of dollars of his "live Aid" money by not listening to experts who told him the second hand trucks would breakdown and couldn't be maintained. He wants to move 1 million Africans to England (why not his native Ireland?) to get them out of poverty. Bob naturally won't suffer the consequences of any of this.