Och-Ziff Capital Management

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Ming the Merciless

Royal Oak, MI

Joined
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27626
06 Feb 10

Originally posted by quackquack
I agree with the conclusion that people starve because it is not profitable to feed them. However, that is a very different argument then what you stated before that people starve because a few ultra rich people treat the rest of society like plantation workers. I live in New York City and there are homeless people (really not that many) and literally m ...[text shortened]... tributed their Starbucks money. But average Americans (not just super rich) cannot be bothered.
Do you think it is a just situation for Bill Gates to have a net worth of $56 billion while one billion people suffer from malnutrition?

According to Wikipedia:
On the average, a person dies every second as a direct or indirect result of malnutrition - 4000 every hour - 100,000 each day - 36 million each year.
http://en.wikipedia.org/wiki/Malnutrition#Statistics

Meanwhile there are 793 billionaires in the world. The ten richest people in the world have a combined net worth of $270 billion. If those ten alone were to be stripped of all wealth above $1 billion then that would be $260 billion to distribute among the world's poor. If we did the same to all billionaires then the rich would still be fantastically rich while hunger and starvation could be completely eradicated. I fail to see how anyone could object to such a process.

Ming the Merciless

Royal Oak, MI

Joined
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27626
06 Feb 10
1 edit

Jacques Diouf, Director-General of the FOA (Food and Agriculture Organization of the United Nations) estimates that it would take a paltry $30 billion per year to eradicate hunger in the world. Meanwhile, the governments of the world spent $1.2 trillion ($1,200 billion) on military supplies in 2006 alone.

http://www.fao.org/newsroom/en/news/2008/1000853/index.html

Edit: It seems that selling weapons is enormously profitable while keeping the poor from starvation is not.

K

Germany

Joined
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3118
06 Feb 10
1 edit

Originally posted by rwingett
Do you think it is a just situation for Bill Gates to have a net worth of $56 billion while one billion people suffer from malnutrition?

According to Wikipedia:
On the average, a person dies every second as a direct or indirect result of malnutrition - 4000 every hour - 100,000 each day - 36 million each year.
http://en.wikipedia.org/wiki/Malnu vation could be completely eradicated. I fail to see how anyone could object to such a process.
It wouldn't work. The logistics and legal framework required for such an operation are not in place.

K

Germany

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3118
06 Feb 10

Originally posted by rwingett
We have the capability of doing both. You know we do. The thing that stops us from doing so is that it can't be done at a profit. People are allowed to starve because there isn't enough money to be made from feeding them.

Do you dispute that conclusion?
Why do you think it's possible to feed most everyone in the west at a profit, but not in poor countries?

The answer to this question is also the reason why there is starvation in these countries.

Ming the Merciless

Royal Oak, MI

Joined
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27626
06 Feb 10

Originally posted by KazetNagorra
It wouldn't work. The logistics and legal framework required for such an operation is not in place.
Of course it's not in place. The logistics and legal frameworks of the world are all controlled by the rich who have no interest in feeding the world's poor at the expense of their own exorbitant bottom line. That's why listening to the silver-tongued sophistries of economists with their litany of excuses for why the plight of the poor is eternal, and how this really is the best of all possible worlds, is a complete and utter waste of time. Their inflated sense of self worth obligates them to tinker around impotently within the confines of a system that guarantees substantive changes cannot be made. But that legal framework can be changed. And it will not be the economists who are the ones to change it.

Ming the Merciless

Royal Oak, MI

Joined
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06 Feb 10

Originally posted by KazetNagorra
Why do you think it's possible to feed most everyone in the west at a profit, but not in poor countries?

The answer to this question is also the reason why there is starvation in these countries.
I never said it was "possible to feed most everyone in the west at a profit." It's not profitable to feed the poor anywhere. That's why we still have hunger and malnutrition worldwide. The profit motive virtually guarantees it.

q

Joined
05 Sep 08
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66636
06 Feb 10

Your own quotes show the problem is we do not really care that about world hunger. It is clearly not that wealth people take the last peeny of starving people.

silicon valley

Joined
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101289
06 Feb 10

Originally posted by rwingett
Of course it's not in place. The logistics and legal frameworks of the world are all controlled by the rich who have no interest in feeding the world's poor at the expense of their own exorbitant bottom line. That's why listening to the silver-tongued sophistries of economists with their litany of excuses for why the plight of the poor is eternal, and how t ...[text shortened]... al framework can be changed. And it will not be the economists who are the ones to change it.
if we sent in the military to knock the heads off the world's dictatorships, so that the $30B would be free to make it to the populace, would you complain about THAT?

silicon valley

Joined
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Moves
101289
06 Feb 10

Originally posted by rwingett
Jacques Diouf, Director-General of the FOA (Food and Agriculture Organization of the United Nations) estimates that it would take a paltry $30 billion per year to eradicate hunger in the world. Meanwhile, the governments of the world spent $1.2 trillion ($1,200 billion) on military supplies in 2006 alone.

http://www.fao.org/newsroom/en/news/2008/1000853 ...[text shortened]... ems that selling weapons is enormously profitable while keeping the poor from starvation is not.
http://en.wikipedia.org/wiki/Jacques_Diouf

In May 2006, a British newspaper published the resignation letter of Louise Fresco, an Assistant Director General of FAO. In her letter, the widely respected Dr Fresco criticised Mr. Dioufs management style: "I am sad that you have isolated yourself so much from most senior managers. Combined with a lack of transparency in decision making, you have stimulated a culture of silence, rumors and even fear." Furthermore she stated that "the Organisation has been unable to adapt to a new era", that "our contribution and reputation have declined steadily" and "its leadership has not proposed bold options to overcome this crisis". [2]

Ming the Merciless

Royal Oak, MI

Joined
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27626
07 Feb 10

Originally posted by zeeblebot
http://en.wikipedia.org/wiki/Jacques_Diouf

In May 2006, a British newspaper published the resignation letter of Louise Fresco, an Assistant Director General of FAO. In her letter, the widely respected Dr Fresco criticised Mr. Dioufs management style: "I am sad that you have isolated yourself so much from most senior managers. Combined with a lack of tra ...[text shortened]... teadily" and "its leadership has not proposed bold options to overcome this crisis". [2]
I don't care a fig about Diouf's character. Either his $30 billion per year estimate is accurate or it is not.

Ming the Merciless

Royal Oak, MI

Joined
09 Sep 01
Moves
27626
07 Feb 10

Originally posted by zeeblebot
if we sent in the military to knock the heads off the world's dictatorships, so that the $30B would be free to make it to the populace, would you complain about THAT?
So you'd spend $100 billion to free up $30 billion? Sounds like a great plan.

I just want the rich to swing from the gallows. Is that too much to ask?

q

Joined
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07 Feb 10

Originally posted by rwingett
So you'd spend $100 billion to free up $30 billion? Sounds like a great plan.

I just want the rich to swing from the gallows. Is that too much to ask?
It is not good policy to kill our highest taxpayers.

Ming the Merciless

Royal Oak, MI

Joined
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07 Feb 10

Originally posted by quackquack
It is not good policy to kill our highest taxpayers.
How do you know unless you try it? Besides, not all the billionaires are Americans. 793 executions could save tens of millions of people. From a utilitarian standpoint it is clearly the way to go. We'd be saving many more than would die. You see? If one person somewhere on the globe dies every second from malnutrition, it would take 13 minutes and 13 seconds to equal the number of persons killed in my proposed reign of terror. Or do you think the rich are more deserving of life than the world's poorest people? I say grab your pitchfork and flaming torch and let's go get 'em.

Civis Americanus Sum

New York

Joined
26 Dec 07
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17585
07 Feb 10

Originally posted by rwingett
How do you know unless you try it? Besides, not all the billionaires are Americans. 793 executions could save tens of millions of people. From a utilitarian standpoint it is clearly the way to go. We'd be saving many more than would die. You see? If one person somewhere on the globe dies every second from malnutrition, it would take 13 minutes and 13 second ...[text shortened]... he world's poorest people? I say grab your pitchfork and flaming torch and let's go get 'em.
my proposed reign of terror

I love the phraseology.

😀

silicon valley

Joined
27 Oct 04
Moves
101289
07 Feb 10

Originally posted by rwingett
How do you know unless you try it? Besides, not all the billionaires are Americans. 793 executions could save tens of millions of people. From a utilitarian standpoint it is clearly the way to go. We'd be saving many more than would die. You see? If one person somewhere on the globe dies every second from malnutrition, it would take 13 minutes and 13 second ...[text shortened]... he world's poorest people? I say grab your pitchfork and flaming torch and let's go get 'em.
it hasn't been tried?