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Three US economists win Nobel Prize for global poverty work

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this indian writer's thinking is closer to truth.
not only the Nobel prizes of peace and economics, also the prize of literature.
The writers of china , soviets, and none western countries, write books to demonize their governments and society will get the prizes. the aim is to brag about white supremacy.

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“Nobel” for economics: Managing third world poor for the benefit of first world rich
By Samir Shukla

As a third class citizen of a third world nation, I always await the declaration of two Nobel prizes, of peace and economics (which I know is not exactly noble, sorry Nobel), as these two prizes are mostly about how my first world first class cousins want us, the third world poor, to behave.

As what is “peace” and “economics” is what the western owners of the planet have an exclusive right to decide about, these prizes are to reward us for our good behaviour or punish us for our bad (when they don’t feel that IMF or WTO is not enough).

Though we know that by “peace” or “economics”, they actually mean “peace and economics as it would work for us the first world rich”, as we know that they only wish us, the third world well, we celebrate their affirmation and feel proud of the achievement.

As the Nobel, or rather the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel of this year has been awarded to Abhijit Banerjee, Esther Duflo and Michael Kremer “for their experimental approach to alleviating global poverty”, it is abundantly clear that our lords and masters have spoken directly to us Indians by giving us a clear hint, and hence we must listen.

As these elites don’t use a cudgel to reform us (for that they keep large armies), they have just given us a condescending look and shown us that one of our own son has understood what we should be doing, and sad that we didn’t realise that and rejected NYAY, the greatest ever scheme for “alleviating poverty” and instead elected Narendra Modi.

It is a small hint they have dropped for the intelligent of our nation to pick up, and lo and behold! My Facebook wall is full of celebration of this Nobel as a defeat of Modi-an “Vikas” that masses (most surprisingly for Indian elites) opted for over free Rs 72000 landing in their pockets.

As one of the ill-informed persons who felt that NYAY was a disaster, this Nobel is a hard knock on my knuckles as Abhijit Banerjee has used “experimental approach”, that too while sitting in Ivey league academies, where I suspect poor of the world flock to get studied.

The beauty of this process is that west aied by these great experts has been working hard at “alleviating global poverty” since a long time, but, for the reason unknown (or because we are stupid), the only result is that they are getting richer and the rest of the world is getting poor.

It is only thanks to China that the poor-numbers are not looking that poor, as China has decided to do its own economics instead of using Ivey league wisdom (like India).

If I change the tone of this prose and get candid, the joke is on us and it should be hurting enough for us to wake up.

The world economics, the Nobel prizes and the Ivey league classes are not there to reduce our poverty. West has created all these institutions for only one purpose and that is a selfish purpose.

If west really wanted to solve the problem of poverty, it is clearly working at the wrong end of the economics.

Poverty is NOT the problem.

Western greed and the obscene wealth created by it is the problem.

The economic theories of “alleviating global poverty” are not aimed at removing poverty.

They are aimed ONLY at managing the poor for the benefit of the rich.

West knows that poor has to be managed just the right way so that there is no disruption and rich can carry on exploiting the poor in peace.

We as a nation are the worst suffers of this economic manipulation and we carry on being stupid to toe the western line. This Nobel celebration of a person of Indian origin is just a continuation of the fact that we have still not stepped out of the awe of the west.

I am not sure that Indian culture is about being rich or poor, but if that is the real problem that we want to see getting solved, China is the greatest example for us to learn from.

“According to the World Bank, more than 850 million people have lifted themselves out of extreme poverty as China’s poverty rate fell from 88 per cent in 1981 to 0.7 per cent in 2015.” (Wikipedia) This was possible because China didn’t look for western appreciation of its economic policies by hiring Ivey league experts on poverty. It did its own thinking.

If we want to follow China’s suit, it will need ejecting the west-driven ideas, doing what is right for us instead of playing to the elite economists’ galleries of Ivey league and having our home-grown economics.

It will surely mean that there will be a huge loss, as it will mean no Nobel Prize for us, but there is one small gain likely and that is reduction of the suffering of millions of Indian poor.
 
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How many hundred million of impoverished people have their studies and theoriy lifted out of poverty? 100, 200, 300 or 500 million? I bet, not even 100 million.

But I know of one institution that has lifted over 700 m people out of poverty but did not get any damn prize for that.

Nobel Prize or just another propaganda tool of the banking cabale. LOL

lmao this is funny.

There's a certain institution in this world responsible for the greatest economic miracle in the past 40 years. Yet it has not won any Nobel Prize.

There was another institution responsible for another transformation of a backwards, poverty stricken country into a global superpower, 70 years ago. Surprise surprise, no Nobel Prize.

Meanwhile Adolf Hitler was nominated for a Nobel Peace Prize. lol.

https://www.straitstimes.com/forum/...govt-deserves-nobel-prize-for-lifting-poverty
 
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