The second great depression deepening across the globe

the great depression-smIn Charles Dickens’ celebrated short story A Christmas Carol (1843), the Malthusian miser and London stock exchange speculator Ebenezer Scrooge is told by the ghost of his deceased partner Jacob Marley that “it is required of every man that the spirit within him should walk abroad among his fellow men, and traveled far and wide” for the purpose of doing good works of charity and thus alleviating human suffering.

In this spirit, let us briefly examine the economic condition of humanity at the close of 2012.

Our finding is sadly that the ongoing world economic depression continues to increase the needless privations of the vast majority of the inhabitants of this planet. The great scourges of mankind remain poverty, illiteracy, ignorance, disease, unemployment, homelessness, inadequate sanitation, low social mobility, and exclusion — and many of these are getting worse.

27,000 children die each day from needless poverty

Tragic Condition of Humanity

The tragic condition of humanity is perhaps most dramatically reflected in the fact that between 22,000 and 27,000 children die each day due to poverty, largely in the form of starvation, malnutrition, and diseases like diarrhea which can be cured for a few pennies.  The upper end of this range corresponds to one needless childhood death caused by poverty every three seconds.  Total needless childhood deaths from poverty, these data suggest, must be approaching at least 10 million per year - a yearly total which by itself rivals any of the great genocides of world history.  Of the 2.2 billion children who live in today’s world, one billion live in poverty.  This is the estimate from the most recent United Nations Human Development Report.

And these figures only include children.  Estimates for total daily avoidable mortality, including children, suggest a level of 40,000 to 50,000 fatalities per day — for a yearly hecatomb of over 18 million deaths.

We need look no further for the severest condemnation of the existing economic systems of the world, including especially the International Monetary Fund, the World Bank, the Bank for International Settlements, the Asian Development Bank, the Inter-American Development Bank, the international system of privatized central banks, and similar entities.

Dr. Webster Griffin Tarpley was born in Pittsfield, Massachusetts, 1946. A philosopher of history, Tarpley seeks to provide the strategies needed to overcome the current world crisis. He first became widely known for his book George Bush: The Unauthorized Biography (1992), a masterpiece of research which is still a must read. During 2008, he warned of the dangers of an Obama presidency controlled by Wall Street with Obama: The Postmodern Coup, The Making of a Manchurian Candidate and Barack H. Obama: The Unauthorized Biography. His interest in economics is reflected in Surviving the Cataclysm: Your Guide Through the Worst Financial Crisis in Human History Against Oligarchy. His books have appeared in Japanese, German, Italian, French, and Spanish. Tarpley holds a Ph.D. in early modern history from the Catholic University of America. More articles by Dr. Webster Griffin Tarpley