The Huffington Post today features an article from Bob Geldof on the DATA Report launch and key findings. In the piece, Geldof has strong words for Italian Prime Minister Berlusconi stating, “Let us watch to see if the Italian Prime Minister understands his global responsibility. Let us see if Italy keeps faith with the world’s poor.”
Key excerpts below, full piece here
Poverty must go. Without removing it, we will not have a stable world. The global financial architecture collapsed and now must be rebuilt. One of the reasons this was a failure of the system rather than simply within it was because 50% of the planet, those who live on less than $2 per day, were excluded from it. You cannot live on less than $2 a day. What is more, by excluding them from the world economy, we excluded their creativity, their dynamism, their intellect, their ideas and their productivity. We did great damage to ourselves in doing so.
We mustn’t make the same mistake again as we rebuild a newer world economy. We must include the peripheral peoples in the marginal economies, we must include Africa and Africans if only so that they can buy our stuff and we can buy theirs. And then, as happens anywhere else, the aid question disappears.
We are not there yet. So, for now, aid stabilizes the poor of this world at a base level. It manages sometimes to get to some people so that they get to stay alive with a little bit of food, so they get to stay alive with a little bit of medicine, and so they get a little bit of education. Then with a coherent state they can begin to get going. And to help with that, we look primarily to the G7 — the world’s richest economies, the countries of plenty.