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Wednesday, October 15, 2008

World Bank- Financial Crisis will create 100 million new poor people- majority in Africa

(Social Justice South Africa; c.f. Agenzia Fides 14/10/08)

According to the President of the world bank- the First World (Developed World) Financial Crisis will force another 100 million people, majority being in Africa- into poverty. This is as analysts estimate that 607 billion dollars are hidden in foreign bank accounts, having been stolen from the African people via fraud and other activities. This is enough to pay off African nations' debts, but due to rampant corruption- the poor continue to be abused on the continent- as western nations continue to neglect forcing a raising of standards by those they trade with.

The milk crisis, and use of child labor in many Asian Nations, are a direct result of western Negligence. Africa has a very similar, unnatural situation- due to western powers refusing to solve the route causes of problems, as the Vatican also has recently asked them to do, with issues involving conflict.

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