Quote:
Originally Posted by HOZ
Whaaaa??? What do you think happened to all the money that has been sunk into Africa? Almost a Trillion dollars has disappeared.
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My point exactly, vast amounts of money have been given to the ruling class of Africa, they live in countries with little or no tax regime and little or no goverment, and an abundent pool of cheap labour, virtually no legal restraints on working conditions or the enviroment.
According to the Chicago School/Tea Party Loons this should be a recipe for economic success, this money should have been used to create companies and employment in a classic 'trickle down' model.
In reality in Africa, as in the US the rich tend to save their money and are likely to move it offshore.