Poverty + Development

The world this week: Global Goals vs global greed

Is it possible to achieve the promise by world leaders to eradicate poverty and hunger without changes to our economic system?

By Atul Singh for Fair Observer. 

The United Nations General Assembly has formally adopted 17 Sustainable Development Goals (SDG), which among other things promise to end poverty and hunger on the planet by 2030.

As world leaders, pious do-gooders and wheeler dealers congregate in New York at this time of the year, Pope Francis has stolen the limelight. Even Chinese President Xi Jinping is not getting the same attention. The first Latin American pope visited Cuba before showing up in the US and has ruffled many feathers. In a stirring speech at the United Nations, he championed the environment, assailed inequality and declared that “lodging, labor and land” are the “absolute minimum” for every human being.

At the heart of this issue is a simple question: Is greed good?

As Bob Dylan once sang in 1964, “The Times They Are A Changin’” and even the institution that once enthusiastically engaged in the Inquisition is now infected by left-leaning tree-hugging sentiments. It was not always so. In the 1980s, Margaret Thatcher and Ronald Reagan set out to roll back the excesses of the 1960s. They believed in Darwinian dynamism and the zeitgeist of their era was captured by Gordon Gekko, a character in the 1987 film titled Wall Street. In a dramatic speech a la Hollywood, Gekko decried deficits, blasted bureaucracy, advocated shareholder rights, extolled the evolutionary spirit and declared that “greed is good.”

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