Bono Assigment Of Global Proverty University Of Washington Tacoma Essay

481 words - 2 pages

Bono (2013)
Based on the statistics Bono presents, and my knowledge outside of the presentation, I do agree that poverty is declining in the US and globally. One statistic that stood out to me during Bono’s presentation was the fact that extreme poverty has declined from 43% of the world’s population in 1990 to 33% by 2000 and then to 21% by 2010 (Bono,2013). This is some great news but there is still a long road ahead in achieving the “zero zone”. Corruption is one of the main culprits to poverty. We still see corruption in our governments, banks, and corporations that rather value power and profit instead of people. The top 1% control our policies that suppress the poor by giving advantages to banks and corporations. Banks are credit creators. Nations access this credit which creates the debt money that will be owed back to the bank. Attached to this debt money is compounded interest. This interest can never be repaid because the only ones allowed to create money are these corrupt banks. As a result, an exponential growing national debt is created in every nation that borrows from these banks. To end poverty, we need to change the way we think about the world as it is today. Changing how we think about the government, banks, and corporations will be the stepping stones in eradicating extreme poverty.
Inertia is when “we screw it up”. Meaning corruption in the government, inequality, and...

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