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6132: Re: 6093: Re: Re: 6076: On low-paying factory jobs (fwd): Poincy comments (fwd)
Thinking that the lack of financing is a potential obstruction to economic
development is a myth. Financing has the sole purpose of helping an idea to
take roots or a project underway to fruition. However, it is not indispensable.
Where there is no idea or project, no amount of money can bring changes. From
this, I come to the basic principle that economic development can bear fruit
from zero financing to start with as long as there is the environment upon
which an existing labor force can act to draw needed resources. Hence, the
crucial factor is clear objectives and processes to attain a specific aim.
To make sense out of all this we need to take a look at the essence of money.
Money is meaningless in the absence of exchange and exchange canít exist if
there are no objects sought for by different parties. Indeed the capacity of
one and the incapacity of another to produce a needed item are what gave birth
At the origin of things was needed only the natural ability (labor) to produce
in response to oneís needs. In the case that nature does not facilitate such a
production in oneís geographical area while the product is needed for oneís
survival, it must be found elsewhere from someone else who can produce it. With
an inverse relationship exchange takes place.
The difficulties to determine the value parity between items exchanged or the
risk of not having an exchangeable item to acquire a needed one creates the
necessity for a standard acceptable medium incorporating the values of all
items to be exchanged. That is money. On the time line, money followed the
existence of production and exchange. That means at the point of origin the
need for money to finance production or to improve living condition was zero.
Yes one needed an exchangeable item to acquire a needed product, but this
exchangeable item was to be produced by oneís labor. No financial cost
whatsoever was involved to produce this exchangeable item. Nature was there and
the person in need to acquire another product that s/he does not or can not
produce had to act upon it to produce the exchangeable item.
Early on were needed what nature made available and mankindís labor to act upon
or transform what nature made available in responding to their survival calls.
Where imagination, creativity and willingness are scarce, poverty and misery
prevail. Ayiti has land and labor but its people lack imagination, creativity
and willingness to transform nature. This is a logical explanation of the
countryís poverty. Plainly put, the money issue is a way out. In the midst of
nothing, request for financing is absurd and receiving it is a total waste.
In Ayiti, there are no projects worthwhile mentioning and there is no money.
However nature continues to make available what Ayitians need to improve their
conditions. With the absence of creativity, I doubt very much that Ayiti will
raise out of poverty regardless the amount money it receives to finance its
hollow/phantom projects even when political stability reigns. I need to note
however that I agree with the concept that political stability ensuring
collective security is conducive to economic progress and I have argued for it
vehemently before and showed in post related to Ayitian politics how such can
The fundamental question remains, can there be any financing if there is
nothing against which the money will be applied? Unless, there are appropriate
and feasible undertakings (already in motion if I may say) toward economic
development, financing economic development is no issue. What makes matter
worst, Ayiti is not at the stage where both external financing and public
financing are needed. Look at the whole Ayiti, the country is in a state of
nature and it must be dealt with that way. Anything else complicates the matter
and makes things impossible. The relief for all this is private undertakings on
an individual scale little as they might be. No government, no NGOs, and no
international problem solvers through financing are needed in that case. Their
presence and involvement make economic development impossible. They only have a
back up or support role.
Ayiti has lived, lives and will live
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