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The Dark Side Of First World’s Prosperity: Great Wealth Is A Great Crime

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 ‘After all great wealth is a great crime’, says 18th-century French novelist Honore de Balzac

Indeed, great corruption has been a major factor in the prosperity of the first world as looters and looters in this country plunder and plunder the third world for centuries. They are still looting developing countries and are likely to continue committing crimes for years to come using what the world economic authorities call 'game rules'.

Corruption is not trying to be excused here but one cannot escape the history of creation as such. Here are excerpts from the words of Shashi Tharoor, author of the book An Era of Darkness: “At the beginning of the eighteenth century, as British Economist Angus Maddison pointed out, India's share of the world economy was 23 percent, large as the whole of Europe combined. (It was 27 percent in 1700 when the treasurer of Mughal Emperor Aurangzeb received 100 million pounds in tax value only). By the time the British left India, it had dropped to just over 3 percent. The reason was simple: India was ruled for the benefit of Britain. Britain's 200-year rise was funded by its tribes in India. "

Here's how the rich now break the rules of the game themselves and end up setting themselves up with institutions they have set up such as the World Bank, IMF, Asia Development Bank, World Trade Organization, etc., according to the so-called Washington Consensus:

Remembering the promise, the richest countries in the world made the October 24, 1970 decision on a landmark UN resolution, to provide a small percentage of annual revenue - only 0.7% - to help the world's poorest countries, Chema Vera, Oxfam International Interim Executive Director estimates that if all donor countries kept their promise they would donate, over the past 50 years, an additional $ 5.7 trillion to recipients.

As they did not, therefore, in Vera's view the rich donor countries owe the world's poorest recipients (The world's poorest people owe $ 5.7 trillion, published in the World Economic Forum's Newsletter dated November 3, 2020).

“This is not great. It is not a charitable organization, ”says Vera, but it is a duty and a responsibility, as long as little is done, in preventing colonial exploitation of developing countries by rich nations. ”

Too many rich nations continue to fail to achieve their goals. Last year, members of the OECD group of rich countries donated only 0.3% of national income (GNI) to help. By 2019, more than a third of that money ($ 55 billion) was actually returned to rich countries in debt repayment by sub-Saharan Africa countries alone - a difficult reminder of a global economic system tied with the aim of allowing richer and richer nations.

Dissatisfied with what they have captured in developing countries over the centuries these rich first world countries have established 55 maritime centers to enable their merchants and their so-called international companies to move their profits to tax havens and continue to deprive developing countries of their legal taxes.

Here is a list of coastal sites that the developed world owns: Andorra, Anguilla, Antigua and Aruba, Bahamas, Bahrain, Barbados, Belize, Bermuda, British Virgin, Cayman Islands, Cook Islands, Costa Rica, Cyprus, Djibouti, Dominica, Gibraltar, Grenada, Guernsey, Hong Kong, Ireland, Isle of Man, Jersey, Jordan, Lebanon, Liberia, Liechtenstein, Luxembourg, Macao, Maldives, Malta, Marshall Islands, Mauritius, Micronesia, Monaco, Montserrat Nauru, Netherlands, Antilles, Niue, Panama, Samoa, San Marino, Seychelles, Singapore, St Kitts and Nevis, St Lucia, St Martin, St Vincent and Grenadines, Switzerland, Taiwan, Tonga, Turks and Caicos, Vanuatu.

The US has corporations dedicated to Delaware and Puerto Rico and like the US, Germany can be included in its tax securities, according to the Financial Secrecy Index.

Also, rich land for more than half a century or more has been devastating every year, even small amounts of what developing countries have by selling less expensive natural resources, agricultural products, and mines such as oil and precious metals by supplying large amounts of unnecessary weapons.

The Stockholm International Peace Research Institute (SIPRI) estimates military spending in 2018 at $ 1822 billion. The combined arms sales of the largest arms manufacturing companies and military service companies (excluding China) reached $ 420 billion by 2018, according to SIPRI. The five largest retailers in 2014-18 were the United States, Russia, France, Germany, and China and the five largest retailers were Saudi Arabia, India, Egypt, Australia, and Algeria.



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