Social Watch News

Author: 
Thalif Deen
Author: 
Thalif Deen
Author: 
By Thalif Deen
Author: 
Por: José Manzanares Núñez Instituto Sindical de Cooperación al Desarrollo (ISCOD) España

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Finances are usually explained in water metaphors: money "flows", benefits from growth "trickle down" to the poor, capital "leaks" out of countries to tax havens…

From a first glance at this construction, most people will see a waterfall, in the very same way that most of the public in rich countries thinks there is an enormous flow of their tax contributions to poor countries, in the form of aid, loans, trade benefits and frequently talked about debt cancellations. If poverty still persists it must somehow be the fault of the poor people themselves or their governments.

Author: 
Mwamba Kanyanta-Manga II
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