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People find themselves surrounded by hideous poverty [...] They try to solve the problem of poverty, for instance, by keeping the poor alive. But this is not a solution: it is an aggravation of the difficulty. The proper aim is to try and reconstruct society on such a basis that poverty will be i…

One of the problems with TI's methodology is that it measures people's perceptions of corruption, rather than corruption itself. People who live in Britain may not normally think of their country as being particularly corrupt, but that may be because corruption is something that they have been ta…

[...] The mobility of liquid capital is too perfect, while that of labour and fixed capital is not perfect enough.

We are told that free trade would create an international division of labour, and thereby give to each country the production which is in harmony with its natural advantage. You believe, perhaps, gentlemen, that the production of coffee and sugar is the natural destiny of the West Indies. Two centu…

[...] debt stocks have not reduced much at all. In fact, they have increased. External debt as a percentage of gross national income in the global South was 25 per cent in 1980, when the debt crisis struck. At the end of the first decade of structural adjustment, it was up to 38 per cent. By the en…