EARTH FEDERATION News & Views

8/31/11

 

IMPORTANCE OF THE EARTH FEDERATION'S "NEW ECONOMICS" CAN BE SEEN BY LOOKING AT POVERTY IN SOUTH AFRICA AND PROSPERITY IN NORWAY

A recent Associated Press story (by Amland and Jahn, 8-31-11) indicates that while most of Europe is suffering economic hardship and a debt crisis, Norway is prospering.


8/31/11

 

IMPORTANCE OF THE EARTH FEDERATION'S "NEW ECONOMICS" CAN BE SEEN BY LOOKING AT POVERTY IN SOUTH AFRICA AND PROSPERITY IN NORWAY

A recent Associated Press story (by Amland and Jahn, 8-31-11) indicates that while most of Europe is suffering economic hardship and a debt crisis, Norway is prospering. They report: "...(Norway) has used years of oil income wisely to keep unemployment low, incomes high, education free and health services working."

By contrast, the Union of South Africa is experiencing violent protests. Michelle Faul (AP, 8-31-11) quotes African National Congress youth league chief Julius Malema as saying that (protests) are "the only way to address growing inequality and poverty in Africa's richest nation and better distribute wealth that remains firmly entrenched in the minority white community and among a few thousand blacks who have grown wealthy mainly off government contracts."

These contrasting economic outcomes in two different countries are not surprising. Author and economist Alana Hartzok (The Earth Belongs to Everyone) has argued that "gifts of nature" (or gifts from God, if you prefer) such as oil should benefit everyone equally. This means that private ownership of oil or other natural resources is the wrong way to create a broader prosperity.

Economically, it makes perfect sense to share the wealth as Norway does. Norway, by the way, which keeps its oil revenues for its citizens, is rated by the United Nations as the "world's best country to live in."

The economic model regarding natural resources which Hartzok recommends finds a home in the Earth Federation which is charged with the task of ending poverty worldwide. Why shouldn't the "gifts of nature" be shared equally rather than given to a wealthy few? When wealth is too concentrated problems erupt like are now happening in South Africa.

Norway, by contrast, has a high standard of living for all of its citizens. This is the standard which the Earth Federation must achieve in all nations. The Earth Constitution provides the legislative authority which will be required to change economic models from "disaster capitalism" to a moral and ethical economics serving "we, the people", not just benefiting the few.

-- RK, editor