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Particularly what could've been achieved in the poorest regions of the world in terms of welfare, education and telecommunication?

2006-11-07 01:21:03 · 4 answers · asked by ram_luchman 1 in Social Science Economics

4 answers

If government spending could achieve good things, in the 1000's of years of the history of government, it would have been achieved by now.
And once again I write on this section: the poorest regions of the world are poor because of the corrupt/oppressive governments that rule over them. It has nothing to do with spending money.

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2006-11-07 02:21:25 · answer #1 · answered by Zak 5 · 0 0

No those might of placed aspect of the quandary. However there wherein a few main elements that triggered this mess. one million.) Bush and the congress handed a regulation that multiplied the minimal repayments at the bank cards, so extra individuals overlooked a fee via like in the future. The bank card firms obtained very grasping and instantly raised the curiosity charges to love 29%, and cost costs. So individuals are not able to pay the ones charges, in order that they grow to be turning to credit score counselors and there approach is not to make a fee till the attempt to make a deal. two.) All of the ones curiosity handiest loans, a couple of years again drove up the cost of housing. The individuals that are supposed to of performed their jobs and made certain that the shoppers might be competent to make the repayments, as an alternative acted unethical via forging records to get a better mortgage quantity. This might translate right into a better fee. So then it was once no shock to discover out a couple of years later that individuals might now not pay of the loans. three.) The enormous exchange deficit with China, we're sending our cash to China as an alternative of purchasing American merchandise. four.) The top fee of fuel, made many individuals need to make hard offerings, pull out the bank card simply to get gasoline to visit paintings. five.) The speedy meals firms having the capacity to take bank cards, massive difference there. 6.) It's election 12 months, those years are continually an not sure 12 months till the alternative is made. 7.) The democratic congress raises the minimal salary. This turns into a massive quantity for colossal firms to arise with, in order that they need to do away with jobs. Since those firms are not able to get credit score since of the loss of finances, they are not able to increase there trade and make investments for R & D.

2016-09-01 08:37:50 · answer #2 · answered by ? 4 · 0 0

The first invasion of Afghanistan in 2001 cost $8 billion alone. That would've been enough to erradicate hunger in the whole continent of Africa.

2006-11-07 01:50:44 · answer #3 · answered by Nestor Q 3 · 0 1

Millions of people could have been fed, medicated and housed. Hospitals and schools could have been built.

2006-11-07 01:29:29 · answer #4 · answered by Anonymous · 1 1

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