With all due respect, I think you are a bit off target on some of things you are proposing here. I don't think it is wise to confuse humanitarian aid with sound business strategies. Wanting to end the suffering of our fellow humans is a noble goal and should be pursued for its own merit.
However sending money or aid under the guise of sound business strategy amounts to wasted effort if it is truly only intended to ease suffering....you are adding the businessmen as middlemen for the aid and thus adding inefficiency and the probability of fraud.
The IMF or The Fed or any other financial organization that steps into the arena must be the ones who educate those in power as to the rules for prudent credit granting, debt load levels and transparency in accounting reports .... without this intervention, the country will keep getting what it is getting....enrichment of the few predators at the expense of whole populations.
You seem to take the position that it is the Fed or the IMF that created these problems, they did not.....these organizations were appealed to after the problems got to the critical stage.
Japan's efforts in their own economy have been cosmetic at best because they are apparently still in denial. I say apparently because I am not privy to what transpires behind closed doors and I have a hard time believing that such economic power could truly be so blind....however, this is the same country that thought it was a good move to bomb Pearl Harbor....so maybe I am giving them credit for sense they may not possess. In any event, please do not delude yourself that a major, sincere effort on their part has failed, because they have yet to make that effort or even recognize that it is needed. Japan has major problems with "transparency" because their culture fosters keeping problems hidden "to save face". In money and government, privacy in the public sector is always the playground for abuse and fraud.
I agree that severe economic conditions are fertile grounds for dictatorships to gain power. However, the people that would come into power in that scenario are already in power under the name of Democracy, so the country's population may not be able to tell the difference if the forms of government change. Still, it better to try to assist a current democracy in becoming better for its citizens than to try to oust a dictator.
Unfortunately, the countries who are undergoing economic problems must be allowed to work through those problems so that the old systems are forced to change. I think the major world humanitarian organizations stand ready to offer basic survival assitance where needed, and the world's major financial organization stand ready to educate, train and, if necessary, to enforce sound financial practices as conditions for financial aid. |
