It's interesting to see the issue of remittances aired, at last . There was an issue about the huge movement of capital from developing countries to, usually rich people and organisations, rather than other countries, in the New Internationalist in the last couple of years.
But it is infuriating to hear the same unanalysed rubbish about charity, aid, development and similar by rich countries, when they are being grotesquely enriched at the expense of the poorest and most vulnerable. Ho...read more
It's interesting to see the issue of remittances aired, at last . There was an issue about the huge movement of capital from developing countries to, usually rich people and organisations, rather than other countries, in the New Internationalist in the last couple of years.
But it is infuriating to hear the same unanalysed rubbish about charity, aid, development and similar by rich countries, when they are being grotesquely enriched at the expense of the poorest and most vulnerable. Hope to hear more about this.
To an extent, Ireland benefited from remittances, called 'invisible income', for many decades. But over the colonial period, massive amounts of capital and goods were extracted from the country, often to pay for its repression. I believe things have changed recently but it's hard to know.
