I would like to understand your point, but I am not getting it. Why
do you think Africa is different than all of the positive regions
you mentioned? At one point you are saying too little capitalism,
and at the other point too much capitalism.
David Shemano
Well, it is not just Africa. It is most of Latin America as well. And
most of Asia also. The overwhelming majority of the world is
underemployed. The fact that Goldman-Sachs has a billion dollar
computer system that can match investor to investment possibilities
is utterly irrelevant to somebody in the Congo. Or in Uganda. Or in
the Philippines. Or Pakistan. Or Indonesia. Etc., etc., etc. These
places are in a permanent slump and the only way that jobs can be
created is through state investments. But when the state takes that
responsibility, it becomes denounced as "radical" or "Communist" and
gets overthrown and the people get killed. 500,000 in Indonesia for
example. That is a big, big problem.
