Tuesday, January 30, 2007

Gambling and Foreign Aid


Middlesbrough is being granted a licence to develop a large Casino, Manchester will build a SuperCasino! We already have the National Lottery, now established in the nation's psyche.
As Britons, we gamble away £60 billion annually, compared to the government giving approx £5 billion in overseas development aid which is 0.48% of our GDP. The USA gives about 0.2% GDP in overseas aid by comparison and is the meanest country, whilst Denmark is the most generous.
Food for thought, at least for those of us who have food on the table. Government Aid is not only stingy but also is frequently tied to specific countries and often companies and with demands to liberalise the import export market (benefitting the donor country) according to prevailing policies etc. Usually the amount of aid received is less than the subsequent cost to the recipient country in terms of increased imports. Hmmm what does that make you want to do?

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