Best of the Week
Most Popular
1. Five Charts That Show We Are on the Brink of an Unthinkable Financial Crisis- John_Mauldin
2.Bitcoin Parabolic Mania - Zeal_LLC
3.Bitcoin Doesn’t Exist – 2 - Raul_I_Meijer
4.Best Time / Month of Year to BUY a USED Car is DECEMBER, UK Analysis - Nadeem_Walayat
5.Labour Sheffield City Council Election Panic Could Prompt Suspension of Tree Felling's Private Security - N_Walayat
6.War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat Part2 - Stewart_Dougherty
7.How High Will Gold Go? - Harry_Dent
8.Bitcoin Doesn’t Exist – Forks and Mad Max - Raul_I_Meijer
9.UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall - GoldCore
10.New EU Rules For Cross-Border Cash, Gold Bullion Movements - GoldCore
Last 7 days
This Could Be The Hottest Mining Stock Of 2018 - 22nd Jan 18
Stock Index Trend Trade Setups for the SP500 & NASDAQ - 22nd Jan 18
Stock Market Deceleration / Distribution - 22nd Jan 18
US Markets vs Govt Shutdown: Stock Markets at all time highs - 22nd Jan 18
Land Rover Discovery Sport - 1 Month Driving Test Review - 22nd Jan 18
Why should you use high-quality YouTube to mp3 converter? - 22nd Jan 18
Silver As Strategic Metal: Why Its Price Will Soar - 21st Jan 18
Stocks, Gold and Interest Rates Three Amigos Ride On - 21st Jan 18
Why Sometimes, "Beating the S&P 500" Isn't Good Enough - 21st Jan 18
Bunnies and Geckos of Sheffield Street Tree Fellings Protests Explained - 21st Jan 18
Jim Rickards: Next Financial Panic Will Be the Biggest of All, with Only One Place to Turn… - 20th Jan 18
Macro Trend Changes for Gold in 2018 and Beyond - Empire Club of Canada - 20th Jan 18
Top 5 Trader Information Sources for Timely, Successful Investing - 20th Jan 18
Bond Market Bear Creating Gold Bull Market - 19th Jan 18
Gold Stocks GDX $25 Breakout on Earnings - 19th Jan 18
SPX is Higher But No Breakout - 19th Jan 18
Game Changer for Bitcoin - 19th Jan 18
Upside Risk for Gold in 2018 - 19th Jan 18
Money Minute - A 60-second snapshot of the UK Economy - 19th Jan 18
Discovery Sport Real MPG Fuel Economy Vs Land Rover 53.3 MPG Sales Pitch - 19th Jan 18
For Americans Buying Gold and Silver: Still a Big U.S. Pricing Advantage - 19th Jan 18
5 Maps And Charts That Predict Geopolitical Trends In 2018 - 19th Jan 18
North Korean Quagmire: Part 2. Bombing, Nuclear Threats, and Resolution - 19th Jan 18
Complete Guide On Forex Trading Market - 19th Jan 18
Bitcoin Crash Sees Flight To Physical Gold Coins and Bars - 18th Jan 18
The Interest Rates Are What Matter In This Market - 18th Jan 18
Crude Oil Sweat, Blood and Tears - 18th Jan 18
Land Rover Discovery Sport - Week 3 HSE Black Test Review - 18th Jan 18
The North Korea Quagmire: Part 1, A Contest of Colonialism and Communism - 18th Jan 18
Understand Currency Trade and Make Plenty of Money - 18th Jan 18
Bitcoin Price Crash Below $10,000. What's Next? We have answers… - 18th Jan 18
How to Trade Gold During Second Half of January, Daily Cycle Prediction - 18th Jan 18
More U.S. States Are Knocking Down Gold & Silver Barriers - 18th Jan 18
5 Economic Predictions for 2018 - 18th Jan 18
Land Rover Discovery Sport - What You Need to Know Before Buying - Owning Week 2 - 17th Jan 18
Bitcoin and Stock Prices, Both Symptoms of Speculative Extremes! - 17th Jan 18
So That’s What Stock Market Volatility Looks Like - 17th Jan 18
Tips On Choosing the Right Forex Dealer - 17th Jan 18
Crude Oil is Starting 2018 Strong but there's Undeniable Risk to the Downside - 16th Jan 18
SPX, NDX, INDU and RUT Stock Indices all at Resistance Levels - 16th Jan 18
Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver” - 16th Jan 18
Carillion Bankruptcy and the PFI Sector Spiraling Costs Crisis, Amey, G4S, Balfour Beatty, Serco.... - 16th Jan 18
Artificial Intelligence - Extermination of Humanity - 16th Jan 18
Carillion Goes Bust, as Government Refuses to Bailout PFI Contractors Debt and Pensions Liabilities - 15th Jan 18
What Really Happens in Iran?  - 15th Jan 18
Stock Market Near an Intermediate Top? - 15th Jan 18
The Key Economic Indicator You Should Watch in 2018 - 15th Jan 18
London Property Market Crash Looms As Prices Drop To 2 1/2 Year Low - 15th Jan 18
Some Fascinating Stock Market Fibonacci Relationships... - 15th Jan 18
How to Know If This Stock Market Rally Will Continue for Two More Months? - 14th Jan 18
Everything SMIGGLE from Pencil Cases to Water Bottles, Pens and Springs! - 14th Jan 18
Land Rover Discovery Sport Very Bad MPG Fuel Economy! Real Owner's Review - 14th Jan 18

Market Oracle FREE Newsletter

6 Critical Money Making Rules

How Do You Feel About Child Poverty?

Politics / Social Issues Nov 03, 2014 - 04:44 AM GMT

By: Raul_I_Meijer

Politics

I often find myself wondering what people, people in the street, western people in general, my readers perhaps, think when they see something like the recent Unicef report, Children of Recession: the Impact of the Economic Crisis on Child Wellbeing in Rich Countries, which states that child poverty in developed nations has risen significantly.

How many of you who live in Europe still see the EU as something good and beneficial when you see that not only does Greece today has 25% unemployment and 55% youth unemployment, and its child poverty rate also went up from 23% to 40.5% since 2008? Or do you put the blame not with the EU, but elsewhere?


It’s not just those numbers, I wonder to what extent you Europeans think the numbers are about yourselves, to what extent you feel responsible, what they do about it. Same for Americans, who live in a country where 1 in 3 children grow up in poverty. How much of that do you think has to do with you? What would you say you can or cannot do to make those numbers better, and what do you actually try to do?

Do you even think less child poverty is better for society, and for yourself, or that less unemployment is a good thing, or do you see that as perhaps for instance the proper way to generate growth in an economy, Darwin-style? Lots of people seem to think that way, so at least you wouldn’t have to feel alone.

Obviously, the UnIcef report should be linked to recent reports that state the number of billionaires in the world has doubled in the same time slot, the past 5-6 years. One can’t very well argue that these things have nothing to do with each other. What the two combined say is that our societies are changing in very fundamental ways.

And at some point you need to ask yourself what you think about that. And if you find this a negative development, what you can do to correct it, as well as what you are in practice doing, today. If there’s too large a discrepancy somewhere in that picture the next question is obvious: why don’t you do more?

Are you comfortable getting up in the morning, go to your job, come home and watch TV, go to sleep and rinse and repeat? Are you not doing something, or not doing more, because you’re afraid if you do your own private daily rinse and repeat routine will be disturbed?

It’s an interesting issue, to which extent we share responsibility for those around us, and for the societies we share with them. We need to realize that if and when we allow large, and growing, numbers of people around us to be desperate, the societies we cherish will of necessity change. When we allow more children to grow up in poverty, our societies will change for many years to come.

There’s no inbuilt mechanism that will revert them to a situation that we would prefer; we have to put in energy to make them what we would like them to be. Our rinse and repeat lifestyles put zero energy into improving, even maintaining, and so they deteriorate. Like anything else in the world.

And there’s always that same question: why do we allow for it to happen? Are our little private cocoon lives really so important to us that we willingly allow the world outside of them to go to hell in a handbasket? Do we just not care? Or do we maybe trust a bunch of people we vote for every so many years to solve all related problems for us, so we can watch TV?

In most western countries youth unemployment is over 25%, in some it’s much higher. For those young people that do find work, wages and benefits are much lower than for their parents’ generation. Still, these young people have to compete with their parents for the amenities of life, like housing, pensions etc., and they haven’t got a chance. Unless they literally fight. is that what you want?

The EU was supposed to be a union, all for one and one for all. But it hasn’t worked out that way. The richer countries have the edge over the poorer, and within nations the richer boomers squeeze the younger generation, their very own children. While all politicians, in every country and from every faith and creed, promise a return to growth waiting just around the corner that will solve all problems.

Not one even dare suggest that growth may not return, and that even if it does, it’s immoral to sacrifice millions of children’s lives while we wait for it. That in other words, a redivision of our wealth may be needed that enables the young to find a meaningful goal in life, even if the older generations would need to give up part of their lifestyles to achieve that.

The choice we are all making right now is to make our own riches more important than the poverty that is increasingly rampant among our children. It’s hardly a political choice, because our political systems don’t offer a way out. They offer different approaches to achieving – more- riches, but none to anything other than that. A true political choice would venture beyond that narrow frame.

If you vote, you vote for more growth, even if that’s an entirely obsolete thing to do. You do it anyway because it soothes your worries, and it allows you to think you can hold on to what you got. While most people in the west could be just as happy – or unhappy – with a bit less than what they have and spend so much time trying to keep. And while you try to keep holding on to it, it slips through your fingers.

And you tell yourself that child poverty is not really your fault. It happened while you were busy doing other things. Maybe it’s time to change your priorities. Like first make sure the society you live in is alright, that the people around you live good lives, and only after that put energy into increasing your own comfort level even more.

We are the richest people who ever lived, and who ever will. We are tens of millions of medieval kings and queens. What is it that is going so horribly wrong that we need to let our children live without purpose, even without food and shelter? I think it must be a short circuit in our brains.

Most of us could easily give up half our incomes and wealth and be at least just as happy, we could save the planet and do much more that would benefit those around us. But instead we choose to destroy it all, just for some imaginary wealth we don’t even need. And blame it all on someone else. It’s not our kids who are the lost generations, we are. We’re very busy losing everything.

By Raul Ilargi Meijer
Website: http://theautomaticearth.com (provides unique analysis of economics, finance, politics and social dynamics in the context of Complexity Theory)

© 2014 Copyright Raul I Meijer - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.
Raul Ilargi Meijer Archive

© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules