Tuesday, February 3, 2015

Croatia Cancels Debt for Thousands of its Poorest | A Model for Other Countries to Follow?



What would it mean if across the world governments alleviated finical burdens on its most low income people by wiping away their debt? Although this is ultimately an attempt to kick-start the country's floundering economy, the fact that impoverished Croatians will have a new start by way of such a move is somewhat profound.

The reason this is so profound is the conversation can turn to critically examine how and why poverty continues to exist in this world, who perpetuates inequality, and how might the oppressive finical institutions and world economy that is in current order be abandoned for something that's so opposite,  it's actually something totally different?

 Another stemming conversation from this move is to look at where the flow of capital is strongest, and how, for example, some countries can continue to spend billions on their military/war budgets while "regular" people continue to fight to make ends meet without adequate access to food, clothing, education, shelter, health care and the ability to live a life with dignity. 

Here are a couple of links to some reports on what's happening in Croatia-

http://www.nbcnews.com/business/economy/croatia-cancels-debt-thousands-its-poorest-n298456 ;

http://www.washingtonpost.com/blogs/worldviews/wp/2015/01/31/croatia-just-canceled-the-debts-of-its-poorest-citizens/?hpid=z4

However, the real news should be how this move might become a model to better alleviate the continued burdens placed on the majority of the world by a few who are in power, who continue to stratify the masses that fight for the ability to live a life with health.

Here's a link to the cost of war in the US. The numbers are staggering.  

Think outside the box. Believe in a better world. Find your passion, voice and act to make any difference you can.

In Solidarity!
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