I couldn't sleep and no one was online so I went and watched some CBC. A two hour episode of the Fifth Estate on water privatization was on, it was quite a good documentary. Go here for the website on the program.
What I enjoyed most was what Jeffery Sachs had to say.
There’s a misunderstanding about economics that even very nice and very well intentioned people say that it’s a market failure when impoverished people die and their needs are not met. That’s actually not a market failure. Markets are doing what they do which is respond to people with income, not to people without income. It’s a political failure, it’s a social failure, it’s an ethical failure but it’s not necessarily a market failure. If you leave problems to markets, markets will not address the needs of the poorest of the poor. They won’t even be recognized by the market forces. Markets function by responding to income demand and that’s by people that have income.
That's precisely why I do not like capitalism (aside from the profit motive). Of course some people benefit from it, in fact I personally do as I live comfortably. However I cannot support a system in which the majority of people (the poor) suffer. ( More from SachsCollapse )
You can read the rest of what Sachs had to say here.
(You will need Adobe Reader.)
There rest of the interviews are here.
Including one with Maude Marlow, Chairperson of the Council of Canadian (a think tank I support). Also on this site are the views from Jamal Saghir and Antoine Frerot; who provide the other side of the argument, which I find hold no ground and thats purely from an argumentative viewpoint. Mr. Frerot hit a nerve with me by stating that the anti-globalization camp (which is the wrong term to begin with) do not care about the poor. Something which had been dispelled through history as it is much harder to believe that private interests care about the poor since they stand to make no profit from them. Markets don't work for the poor.
Finally a quiz:
You are an Anarchist! You believe in lawless
freedom in a land without governments. Because
as soon as institutions are formed they are
already antiquated and these institutions
mainly function to maintain themselves invading
and draining the citizen tax payer. On the dark
side: You tend to throw the baby out with the
bathwater! Systems inherently fail. But that
does not suggest that we should not organize
ourselves through systems. We can tweak our
structures when we detect their
vulnerabilities. There is no need to simply
abandon them upon frustration of imperfection.
You tend to find your own way and sometimes it
rubs people strangely. On the brighter side:
You have a great representative in Noam
Chomsky- super linguist and political
commentator. Who explains in his 'Propaganda
Model' (and I'm paraphrasing an abbreviation
here) that the information that reaches you is
filtered and diluted, pissed in and polluted,
so that by the time that you get a 'sound bite'
of palatable 'news' it has been dissected,
stuffed, twisted, baked and then spun. You
cannot trust institutions or governments or any
organization that seeks to exist for its own
benefit. On the Brighter side: You have smarts
and courage. You spend far more time thinking
about politics and economics than most. Which way do sway on current issues (U.S.)? brought to you by Quizilla