Essay

  I read a book about how advanced countries are exploiting third world. The title of the book is Bad Samaritans which was written by a professor of Cambridge university. This book criticises Neo-Liberalism that has been advertising to developing countries by andvanced countries as if it is the best resolution to be a rich country.

  Neo liberalism is believed that the market which is ruled by invisible hands is helpful in developing economy. Advanced countries have been insisting on this theory but during the first stage of the development of their economies, they used Protectionism thoroughly until they had a competitiveness with other advanced countries and after having the competitive powers of almost every industry they prevented developing countries from using protectionism.
  They organised the IMF, WTO and IBRD to open the market to third countries and the evil trio are such hypocrites, as if they would be so 'helpful' in developing their economy.

  In the details of the book, investment of foreign countires, privatization and protect of the right to a patent look persuasive. Direct investment understandably helps the economy over the short term but it has turned out unfavouable now that the world economy is facing recession.
  And the privatization, especially the water and electricity supplies aren't the solution for developing economies because Private company always pursue profit so they increase fees and the result is a low GDP
  Prolonging the period of a patent right or making it strong are also make advanced countries to protect their right so it has resulted in depriving developing countires of opportunity of using it.

  But keeping Neo-liberalism going isn't always profitable. Basically, they have to have a market to sell things. If they exploit third world constantly, their market could be collapsed and it could lead to panic. They have already experienced two World Wars and it was the result of their greed. They are forgetting a lesson.
  There is a Aesop's Fables for them. A donkey has a heavy burden so he asked to share his burden with a horse but the horse refused. So the death of the donkey was broght about by the horse's self-centered mind and now the horse has to carry all of the donkey's. They should remember a lesson from this story. I think that is the only way to cooperate with third world.

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James' comment : Divide and conquer, my friend, devide and conquer. It is not the aim of any ruling elite to resolve conflicts. It is to generate them. Then, through the establishment of institutions that are costly to the tax payer to maintain, deal with them as slowly as possible. Here's a story for you.

A bull and his son are looking at a field of beautiful cows. The son says to the father excitedly, "Dad, dad. Let's run down there and fuck a cow." The father turns to the son and says 'No son. Let's walk down and fuck them all!"
There is no money in solving issues, but there is a lot of money that goes to organisations that slowly pretend to.
And, Let's be honest, it is always all about the money, isn't it? Then the power......

Sorry for taking so long to make this. I really enjoyed reading something well-informed. Hopefully I'll get a chance to read that book. Not long ago, I finished 'Confessions of an Economic Hitman'. Some useful facts in there I think you'd be interested in.
Take care, Seok Won.