When you think of it, and I know this is not the most popular opinion in the more militant circles, the biggest driving force of democracy and prosperity is Europeanization. The process of Europeanization has taken countless countries which were on the verge of losing the little new democracy they had left and gave them an incentive to work hard and get things done. The carrot of being part of the EU isn't only a nice thing for European states. post communists, Balkans and even Turkey have moved closer to a stable economy and government for the promise of being part of the Eurozone. a zone promises to give any state everything it needs to tie its fate with the richest countries in the world and begin to prosper.
So why not Africa?
Some say it's because they are not part of Europe. but then again, neither is Cyprus... or Turkey, and no one really contests their candidacy. If we're honest, within the next decade or two, the Newer European states will prosper and wages will rise, leading to a need for more cheap labor states. What then?
Lets imagine a day when a small African country reaches the minimal goals of the EU to be a candidate. there are a few with such potential. They would need to be democratic with a good human right record, but they would also need to have a stable economy. this would make it worth while for Europe to open up her trade barriers and give free trade to that state, hopefully starting a domino effect.
Why am I talking about something that already exists rather than a new idea? because we don't need new ideas. Capitalism has all the answers. it works well for any country which is given a fare chance by its people and government. it is the single greatest cause of prosperity around the world (the richest and healthiest states in the world are capitalist).
People tend to blame capitalism for the failure of the poorer states. there is a wide spread misconception that capitalist states need to take advantage of poor states in order to survive. this is not true. it's the sort of thing Carl Marx used to say (and we know he made up most of his facts). in fact, the best thing for the worlds capitalist markets is a prosperous world. it leads to more people to sell to.
So, in my view, we don't need a new system, just to bring the good old system to those places where it's missing. if African farmers could sell to the world freely they would prosper. so would textile and all other labor intensive goods. they are always the first to lift their country up from poverty. but they don't have a chance. corruption is one reason, lack of a proper democracy is another. these are the ways to make a better financial system, just bring it to the rest of the world.
Those are my views, though written a little too fast. I hope it's clear.
You need to be a member of Urgent Evoke to add comments!
Join Urgent Evoke