Poverty Inc.: Documentary afterthoughts
By: Prashanta Paudel, Prashantapaudel.Com.Np
Tags: Documentary, Poverty Inc, Poverty, Why Poverty, Developing Nations

It is so annoying to find that 90% of the world is controlled by 10% or say even 1% of the richest people on the earth. They have molded the system in America and around the world in the form of “GDP” that compares the countries success in terms of how much they can import or export but not in therms of how much people are happy with their lives and this is the core source of the problem.

It is time to think now why the best countries are not able to care for their people, why every American has thousands of dollars of the loan before they even start their working life. Is this the proper way to do things. It seems like reach people are getting reacher and poor and ripped off from their basic rights of home and food and dragged to the streets.

from poverty, Inc

Big corporations are controlling all resources and prohibiting even the basic rights of the lower-income people.

Wages are a disaster. Every middle class has a hard time fulfilling the need for money for rent, food, necessary items, and holidays. These are the basic needs of every person living. Under today's condition, it has already become hard to do savings, and every month's work is gone in fulfilling everyday needs and we have to depend solely on pension.

You work your whole life thinking that at the end of your working life you will be able to afford the place to live and money to put food on the table. If that certainty is gone then what is the meaning of working hard for a company or government that doesn’t care about you when you need them most.

This became an eye-opening part of this documentary that from today you will have to think of this situation too. When you work for low paying salary for some multinational company and when you retire if that pension doesn’t supply you with your basic necessity since the market price for everything would sky rocket but your pension doesn’t, then that would be a disaster.

Something to prove that the current system is not working properly can be this line

In the late 1950s, the poverty rate was approximately 22 percent, with just shy of 40 million Americans living in poverty. The rate declined steadily, reaching a low of 11.1 percent in 1973 and rising to a high of nearly 15 percent three times — in 1983, 1993 and 2011.

Also, it was mentioned that most of the poverty is hiding behind the scenes in America as well as the world. Nobody has gone to the suburbs with the motives of finding poverty in suburbs neither in America nor in parts of the world but hunger and poverty do exist.

Crime rates have been higher and higher every year due to the poor being deprived of the opportunities that drag them to the streets. Laws that protect the landlord or housing companies but deprives people living to get a simple home is forcing people to do crimes.

America and the world have more millionaires and multi-millionaires than any time before because they are doing business in a way that only looks as quarter profit but never looks at the living standards of their employee or have any feelings on how they feel, they just want the work to be done by any means.

Part of the reason why industrialized countries still have poverty is after globalization industries started shifting from developed countries to developing countries where they have to pay small or tiny salaries compared to what they would have to pay if the industry were to be in their own country. This hit both parties as now those people became jobless in their own country and bare minimum salary in a developing country will not let them get out of their poverty situation in developing country and their motives to gain profit will not let poor people secure their future.

W all Street runs the UNITED STATES OF AMERICA, not Washington.

One interesting fact is that in the USA federal bank can produce the cash out of thin air, so to say it is not based on gold or silver deposit in equivalent to cash as we have in other systems, this seems to be one of the core issues of having bubble economy that the USA is getting now and then.

American global monetary funds loan lots of money to poor countries and dictatorial governments for their entertainment and their government taxed their poor people to pay the loans. So, poor people of Africa and Asia are paying for the top 10% of rich Americans. what a pity!

The sad situation now is that if the American financial system fails then it will affect all parts of the world as the dollar is the backbone of the al import-export but the reverse doesn’t apply.