Debt Cancellation

[xSarCastiCx]

Tell me what you think: Should rich countries cancel the debt of third world countries? (particularly sub-sharan African nations.)
Give reasons as to why or why not.

[Absorb]

At 5/28/06 10:49 PM, xSarCastiCx wrote: Tell me what you think: Should rich countries cancel the debt of third world countries? (particularly sub-sharan African nations.)
Give reasons as to why or why not.

In my opinion, they should..it would help a lot.
But I doubt they will do it (Countries need cash, still).

[PaulKent]

At 5/28/06 10:49 PM, xSarCastiCx wrote: Tell me what you think: Should rich countries cancel the debt of third world countries? (particularly sub-sharan African nations.)
Give reasons as to why or why not.

Not really a question fo "should we." It's a question of "how could we?" It's complicated stuff.

[Shifty55]

How does a country with no natural resources, get money, nondebt is impossible?

[peedee]

At the very least cancel the interest.

[SirLebowski]

I don't think we should cancel debts because that is giving them the impression they can get free rides on more developed countries, plus quite a few of the richer countries have debts of their own they need to worry about on top of that.

[Alphabit]

At 5/28/06 10:49 PM, xSarCastiCx wrote: Tell me what you think: Should rich countries cancel the debt of third world countries? (particularly sub-sharan African nations.)
Give reasons as to why or why not.

I would! If a person from the third world owed me $10,000 I would cancel the debt.

But I think cancelling the debt isn't enough. We need to teach them how to earn money, improve the education system and solve the HIV/AIDS crisis. Then they'll have hope for a bright future.

Sadly, and I don't mean to be racist. It is a natural tendency for black people to mess things up in politics - corruption.
Just like it is typical of the white people to pollute the environment and not see pass their nose when it comes to religion and culture.

[DingoTheDog]

Africa is too far gone for debt cancellation to make a significant improvement to the general quality of living. The rich and in power would get richer the poor would remain just as poor. I really cant think of a proper solution to solving the problems in Africa.

[Alphabit]

I know how to solve the problem in Africa!

1. They STOP BREEDING!
2. They become dependent of a bigger nation
3. They get international assistance to kick out corruption!