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Poverty reduction in Latin America stalls during 2014: totals 167 million
Poverty affected 28% of Latin America’s population in 2014, revealing that its decline has stalled at around that level since 2012, while indigence rose to 12.0% from 11.3% during the same two-year period in an overall context of economic deceleration, according to projections from a study presented On Monday by the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile. Read full article
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Disclaimer & comment rulesI cannot believe it, and they were all doing so well according to our reporters on here from Latam. Stage one : Get rid of corrupt governments, Stage two: Get off yours arses and work for a living.
Jan 27th, 2015 - 09:29 am - Link - Report abuse 0Poverty escapes no nation...
Jan 27th, 2015 - 02:47 pm - Link - Report abuse 0The drop in poverty between 2005 and 2012 in both Argentina and Venexueka has since started to reverse in the last 2 years.
Jan 27th, 2015 - 04:09 pm - Link - Report abuse 0For so,e it must be like a roller coaster. It is impossible to decrease poverty when you have inflation rates in excess of 30-50%.
@ 2 spanisharseholee
Jan 27th, 2015 - 04:42 pm - Link - Report abuse 0“Poverty escapes no nation...”
Well, you should know, coming from one of the deadbeat nations in the Eurozone who seek to deflect their indebtedness by attacking Gibraltar, despite the UK helping to bail you out of the shit.
You can't give money to poor people to make them middle class for very long. As soon as the money runs out most return to poverty.
Jan 27th, 2015 - 04:52 pm - Link - Report abuse 0Its a lose lose for all parties.
Stupid Marxists will never learn.
@ 5 yankeeboy
Jan 27th, 2015 - 06:13 pm - Link - Report abuse 0“Stupid Marxists will never learn.”
Oh yes they do!
They NEVER give their money apart from the murdering bastard Pepe, the others rob the citizens anyway.
You know it makes sense. :o)
I am all for income redistribution within the means of the nation. It has to be tempered with enough restrictions to not foster a permanent underclass that is then trapped by it.
Jan 27th, 2015 - 06:26 pm - Link - Report abuse 0Australia has by no means solved all the problems. However that does not mean it still shouldn't you a little extra from the well off to help those that need it.
Gov't has never been successful using other people's money to move people into the next strata of society.
Jan 27th, 2015 - 06:42 pm - Link - Report abuse 0Never
Not once
Not ever
Even the mighty Norway's experiment is showing cracks.
The argy blogger came , he saw , he commented , then he legged it,
Jan 27th, 2015 - 07:38 pm - Link - Report abuse 0and did not even wait the reply...lol
Trying to pull people out of misery by giving them handouts, is a short-term, populist measure....unless the handouts are linked to the obligation to find ways to support themselves - while sponging off the taxpayer - all this politically correct crap promoted by most Latam governments, will not reduce poverty.
Jan 27th, 2015 - 07:51 pm - Link - Report abuse 0http://en.mercopress.com/2015/01/27/poverty-reduction-in-latin-america-stalls-during-2014-totals-167-million#comment377598: Oh dear, what' happened? More trouble with the maid? Don't tell me that she had the impudence to talk back. No, this is not the sort of behavior that a “real middle class” aristocrat such as yourself should ever have to endure! Better call out the army.
Jan 28th, 2015 - 01:27 am - Link - Report abuse 0Yankeeboy
Jan 28th, 2015 - 05:53 am - Link - Report abuse 0While I recognise the US' ability to innovate and enrich and its success, I'm not a fan of its laissez-faire economic winner takes all system. I believe there is a role for government in limiting and controlling some aspects of the economy. I'm a believer in the government serving the people and the people needing to also have an obligation to their society.
It is not about moving people into the next stratum but about reducing the strata that exist. There is no need for a permanent underclass. And people shouldn't be living in poverty while working full time. A living wage.
Our countries do things differently. And that is fine. Both our countries are successful. I believe none is more successful in lifestyle for a larger percentage of the population. We have less homeless. Less poverty. And less urban blight.
And for that we have income and wealth redistribution to thank.
You have been led to believe that it doesn't work because it doesn't fit with your society. I come from a country that is the opposite.
Nice, you people now find peace in South America NOT reducing poverty since 2012.
Jan 28th, 2015 - 08:14 am - Link - Report abuse 0We haven't reduced illiteracy that last 1% either.
Now celebrate...
:)
“While I recognise the US' ability to innovate and enrich and its success, I'm not a fan of its laissez-faire economic winner takes all system.”
Jan 28th, 2015 - 02:25 pm - Link - Report abuse 0Neither am I and I am far from a socialist. I believe that the “CITIZENS” need to be the primary focus and concern on the government. Was that not the reason people congregated and ultimately chose leaders?
Exactly Captain Poppy. Sometimes governments need to step in and do something but sometimes they also need to step out and leave people to do it themselves.
Jan 28th, 2015 - 04:30 pm - Link - Report abuse 0It is a balancing act.
@ 15 Skip
Jan 28th, 2015 - 04:39 pm - Link - Report abuse 0“It is a balancing act.”
Yes, and having a sinking dollar is going to make the tightrope somewhat narrower.
Whose sinking dollar? Ours?
Jan 28th, 2015 - 05:05 pm - Link - Report abuse 0If that is what you meant then you don't understand our economy. We WANT the dollar to drop. It has been too high.
A lower dollar increases the costs of imports and makes our exports cheaper (outside the country). Increasing exports and import substitution leads to increased business confidence, increased employment and hence increased tax income for the government. Our exports are predominantly denominated in Australian dollars so that doesn't affect the government's tax take.
Our dollar is flexible and reacts to the economy and not the whims of the government. When the GFC hit, it plunged to 64¢ U.S. and helped to cushion the economy.
It is doing the same again. We don't need it at US$1.10. It's swings over the past 24 years has helped us to avoid a recession. And the current drop will hopefully do the same again.
There are few countries and no developed countries that are heading towards 3 decades without a recession.
The natural band for our dollar is in the 70s. Probably around 78¢. If there is an economic shock or problem then it will dip into the high 60s before bouncing back.
@11 Hippy
Jan 28th, 2015 - 05:20 pm - Link - Report abuse 0Two things : What the hell are you talking about ? “maid's impudence, real middle-clas aristocrat etc...”
Who are you referring to ? be clearer in your nutty comments.
@ 17 Skip
Jan 28th, 2015 - 06:34 pm - Link - Report abuse 0So how many peoiple can afford a house of their own?
ChrisR
Jan 29th, 2015 - 04:35 am - Link - Report abuse 0You seem to be clutching here. I never realised you were bitter at having to settle for Uruguay instead of Australia.
So the lower dollar isn't a problem. But housing affordability is?
How?
Why?
Obviously Australia has something going for it if you were thinking of emigrating.
As for housing. Well supposedly the bubble has been going to burst for nearly a decade. And it didn't. So while the suburb I live in is expensive and I rent because I wanted the flexibility.
You can still get an affordable house for just over A$200,000 in Melton and Wyndham Vale. Outer suburbs but then not everyone can live in Kew. Not bad when the average wage is A$1,500 per week.
Home ownership is about ~70% which is just ahead of the U.S. and the UK.
I'm a fan and admirer of the UK and the US and many other countries. I just think that Australia does things pretty well and in some areas much better than those countries.
@ 20 Skip
Jan 29th, 2015 - 07:14 pm - Link - Report abuse 0I wouldn’t say I was bitter at all missing out on Australia; it was not their problem after all.
Uruguay is a fantastic country, the people are great, but it is run by a bunch of murdering commie bastards, the worst of whom is shortly to be out on his ear, to be replaced by a second timer who has had his hands shackled since his previous incarnation, so I am not at all hopeful things will improve for my professional friends.
I was in Australia in 2005 at the boom of the red dust and the power struggles between the various entities as to who was going to come out on top. It seemed to me the Chinese won that little struggle and locked the producers into a fairly poor contract if the market slipped, which it has.
Mitsubishi announced the closure of the car assembly plant in Adelaide while we were there, GM were dithering over closing the Holden V8 car line at Bathurst and Labour looked ready to take over and screw the country.
Also the annual ‘fee’ for our type of visa (old gits on their own money) had gone up markedly in the two years we were checking things, house prices were going through the roof and we had to drop AUD 1.5 million into the system (half as a bond and half to live on) as a proof of income. After buying a NEW house of the type we were used to (not allowed to buy existing property and thus take it off the market for aussies) it seemed to us a close run thing looking to the future. “Golden Brown” aka The Cunt Brown © Jeremy Clarkson 2010, really made us think again and it all became “worrisome”.
None of these concerns apply to Uruguay. We have a great single story house overlooking a beauty spot, not a couple of minutes walk from the Rambla and we now have plenty of friends.
Spanish of course is another thing but we make ourselves understood and we are getting better at it. 66 ‘normal’ verbs, 12,292 listed verbs without the male / female consideration and extreme local dialects are a bit of a handful to manage.
ChrisR
Jan 30th, 2015 - 10:06 pm - Link - Report abuse 0Yeah I think Australia's restrictions are over the top sometimes. I actually support open borders between Australia, New Zealand, UK and Canada. Similar living standards and shared monarch. Why we make it so dificult for independently wealthy people to settle and retire is beyond me.
Open borders would mean a little reshuffle. Plenty of young Aussies and Kiwis would probably try out the UK for a few years and I think there'd be a large initial movement of some families from the UK to Oz and NZ. I'm also sure that plenty of Brits would prefer to retire to Queensland than Spain.
Australia and NZ have visa-free travel. It works. Maybe if the UK leaves the EU.
@ 22 Skip
Jan 31st, 2015 - 04:53 pm - Link - Report abuse 0I think the real problem is the UK stupid pension freeze on those from the UK who have paid into the NI all their life and then move overseas do not get the increases that are paid to UK pensioners AND a short list of other countries.
Understandably Australia does not want to have to pick up the tab for any more than the number of UK pensioners they are having to support at the moment due to their frozen UK pension not keeping up with inflation.
I totally agree with your penultimate paragraph.
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