Thursday, February 02, 2012

Blog 3: AP Interview: UN trade chief wants less inequality

In the article by Edith M. Lederer, AP Interview: Un trade chief wants less inequality she is highlighting the main points addressed by Supachai Panitchpakdi. He wants to urge global leaders to focus more on the inequalities that exist around the world and are growing rather than trying to help the financial markets in countries that only help the already rich. He says that by only helping those in the financial markets then you are only benefiting those who already have large salaries and that is not benefiting any economic growth for any country. Panitchpakdi says that for any country to grow as a whole the most important problem that we need to address is inequality and if we do not tackle that problem it is only going to become worse than it already is. The inequality gap between the rich and the poor will continue to grow with the middle class becoming less and less.
                I agree that we as a whole in the world need to stop focusing so much on the larger scale of things and start focusing on the smaller scale of things. If we only help those who are in charge of the finances of a country then we are really only benefiting those who are already rich. It may look as if the whole country is being helped but those in the middle class and poor are only being forgotten and the gap between those who are well off and those who are not is becoming larger. In order for something to be done about this then countries need to be willing to help those in need more so instead of only helping those who are already at the top. This is much like the Occupy Movements are trying to do around the world they are trying to make people realize that an entire country is not just ran by one percent of those at the top.

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