If you borrow and you know you cant pay it back,thats like stealingNick333 said:Why dont we need their charity?
SA may well do without it, but most of the rest of Africa desperately needs it. 10 billion dollars that doesnt have to go to the States is 10 billion dollars that can be spent on much needed upliftment and infrastructure.
The world needs to become a place were the rich help the poor because its the right thing to do.
lol - imagine Zim for sale on ebay - any bidders?This weekend's $40 billion debt cancellation agreeded to by rich-nation finance ministers will, for instance, enable Zambia to hire 7,000 new teachers. Likewise, Tanzania will no longer spend 12 percent of its annual budget on servicing its debts. Instead, it could build new hospitals and roads.
the difference being that the west did it the other way around...first they invaded/took possession and sold off resourcesajak said:You know if you owe somebody a large amount of money and you cant pay it back, they will take what you own and sell it to get their money, So, why not do the same with countries that cant pay their debt, invade/take possession of the country/sell it to someone ells/problem solved.
Thats definitely not the point here, because if the lender says you dont have to pay it back it becomes a gift.ajak said:If you borrow and you know you cant pay it back,thats like stealing
WHY,YOU ASK WHY,for one,have you seen the anti USA post`s on this forum,the hate that ppl have for Bush and his country,my g0d man if you hate ppl,hate them with conviction,dont do it half hearted,hate their money aswell.Nick333 said:Thats definitely not the point here, because if the lender says you dont have to pay it back it becomes a gift.
But its a fallacy that third world countries dont pay these debts back, they have to or their line of credit gets cut. The problem is that its an endless cycle( anyone whose maxed their credit card will tell you the same), instead of investing in growth they have to pay their creditors and then have to lend more to cover running costs.
Back on topic though:your statement is that we don't need their charity my question is why?
Have you read this thread yet ajak : http://mybroadband.co.za/vb/showthread.php?t=45045 ?ajak said:So what you are telling me is that if you live next door to me, and you come and borrow money from me on the pretext that you want to buy food for your family, but later I see that you used the money to buy yourself booze, then you come and want to borrow some more, I must forgive the first debt and give you more money. If that is how you think you are seriously deluded. The only way is not to lend you money, in this case African countries.
BOTH,Nick333 said:Have you read this thread yet ajak : http://mybroadband.co.za/vb/showthread.php?t=45045 ?
Youre evading the question. Sticking to your rather flimsy extended metaphor though ( even though comparing poor african countries to an irresponsible alchaholic doesnt gell) does the drunk from next door not need your charity because hes abused it in the past? He may not deserve it but that doesnt mean he doesnt need it.
A statement like " I dont need your charity" is a statment of pride, it indicates that the speaker would rather get by without it. Africa regardless of corruption can not develope in the face of global competition without foriegn aid.
Your original statement was that Africa doesnt need charity, your consecutive arguments imply that it doesnt deserve it. It cant be both so which is it. Or did you just not think before you posted?
A starving man accepting charity from the devil is a man who will be around tomorrow. A starving man who refuses said demonic charity is a proud fool, and a soon to be dead one at that.ajak said:WHY,YOU ASK WHY,for one,have you seen the anti USA post`s on this forum,the hate that ppl have for Bush and his country,my g0d man if you hate ppl,hate them with conviction,dont do it half hearted,hate their money aswell.
I assume that the same anti-geldof naysayers are the same ones now expressing pro debt relief sentiment. Or are you lumping everyone on this forum as having the same oppinion?werner said:i joined this forum around the time when the live aid concert was taking place (the recent one) and ol' bob geldof was being called all names under the sun because you guys basically were 100% in agreement that "africa doesnt need pity or charity"
now, i am one confused "white african" (i tick the box for "other" when asked for my race, coz i dont see white-african in the list...)
so, bob geldof and his money raising (or was that money making) exercise is a no-no...but 67 billion is alraaaight ekse.
when we decide to stop sitting on the fence could we get on with making africa a better place? pls. tnks.