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... century. For this we have to thank the technological innovators and the social reformers of the 20th century, as the poor in Charles Dickens’ time lived in abject misery. Although a numeric disparity may exist between the savings of the rich and poor in America, a more poignant disparity exists between rich Americans, Japanese, and Western Europeans and the poor in other parts of the world.
A brief survey of the world’s population, estimated to be 6,264,497,739 at noon on November 22, 2002, reveals a vast disparity in wealth between the western democracies and the rest of the world. According to ...

... late development economist Peter Bauer, foreign aide has done little to assist the poor in light of these corrupt regimes. This Bauer refers to as "transferring money from poor people in rich countries to rich people in poor countries." The disparity between rich and poor countries grew exponentially after the end of colonial rule in the early 1960’s due to the growth of kleptocracy. Because officials are not to be trusted, Bauer instead advocated a consistent legal environment and individual liberty in order that third world countries would develop their own wealth.
My own job experience has largely been with companies that failed to ...

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