I was once a junior civil servant given the task of doing whatever I was told. It seems strange now to look back on it, but the issue of world debt has been an issue with me for much of my career in government and private industry.Significantly, I remember an assignment that has a familiar ring about it in the age of American debt. My task was to help the former Prime Minister of Canada, the Honourable Lester B Pearson with a project that he had undertaken to reduce world debt.
My task was to send messages to world leaders inviting them to what Lester referred to as 'The Grand Assise.' This was to be a meeting at which the world experts and leaders on debt was discuss ways to solve the global debt issue. The Pearson Commission and its efforts as it became known was Canada's way of assisting in the process of trying to address the issue of debt.
I remember in particular, that in this period of cold war, the Russians were unwilling to sit at the table.
The pledges made by industrially advanced countries to channel assistance to developing countries has had mixed success. Africa remained debt ridden because industrial nations would not trade with Africa fairly fearful of trade unions and lass of jobs. What we have now is an Africa that is struggling despite the discovery of mineral riches. The industrial nations have not understood the nature of African communities and have in competition between themselves caused more problems for Africa.
While it was possible for many new medicines to be developed for African people, this has not been done because the shareholders of the big pharmaceutical companies do not want lower profit rates even though this would help the dying communities of Africa. Such lack of foresight as to the role of the medicine and medical industries has made Africa the carrier of debt unable to meet its role in a balanced way within the world economy. The Pearson vision of an Africa able to stand positively on its own feet was not realized. Africa has been plundered for profits and its environments and peoples depleted. It is time that the world did something to really end poverty in Africa and it must come though health and educational programs that address the real issues of African politics and way of life. Help!