Sunday, June 12, 2005

Debt deletion



I know what you are thinking (just now you are thinking that I really don’t know what you are thinking and you are apparently right), you are thinking: how come that the greatest propagator of all deletions (hey, cut me some slack, and cut me some onions while you are at it as well) hasn’t covered by far the biggest deletion in recent history. I am of course referring to that "debt cancellation" business worthy of 40 billion dollars (I have a big imagination, but I am having real trouble comprehending this sum).

Well, to make a short and obvious story even shorter, not all deletions are cool. Deleting debt is not like negating a negation that ends with a positive result. Though Alex Singleton may be right that most of these debts were made by corrupt irresponsible dictators, and though they are now gone, their stifling shadow looms over these poor countries via the enormous debts they created.

But on the other hand how are you expecting someone to learn to behave in a frugal manner if you eliminate their past bad results. This will only encourage continuing bad governance.

And if this fails once again to "make poverty history" as it is bound to, then we will hear the wailing, that it was a good effort, but it wasn’t enough – more, more needs to be done! Yeah right. Let’s find new ways how to reward bad governance, corruption, inefficiency and perpetuity of ridiculous post-tribal headgear.


Sheesh!

There are deletions I am more than enthusiastic about, though. Yes, you have guessed it (you are brilliant, after all, you read this blog), of course, I mean the deletion of all trade barriers.

Now if you’ll excuse me, I still have a few duties that need to be deleted.

And no, there is an escape from blogging, and if you don’t fancy a blog deletion you can always turn off the bloody computer. Watch me.