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You could probably wipe out poverty on earth a 100 times over with that much money. But we cannot afford that kind of waste now can we?
by shakil 11y ago
You could probably wipe out poverty on earth a 100 times over with that much money. But we cannot afford that kind of waste now can we?
- adventured 11y agoAfrica has received about a trillion dollars in aid since the mid 1960s. You can't wipe out much of the total global poverty (2 billion people in that category) for a trillion dollars. And the small impact you would make would be only temporarily unless you build up systems that drive income and self-sustaining economies. To put it another way, you could give the 2 billion people living in poverty around the world, $500 each. It wouldn't even remotely dent the problem.
- netcan 11y agoI wouldn't go quite that far. $500 each (2.5k for a family of 5) for the world's poorest people is a decent sum. If you could actually get it into their hands, that'd make a dent.
- merpnderp 11y agoA lot of the world's poor live in places with little to no infrastructure. A trillion dollar project to build up infrastructure (roads, power stations/lines, water/sewage treatment plants) would go further to eradicating poverty than you probably imagine.