Thursday, November 09, 2006

"There are millions of people – actually, probably billions now – who genuinely believe that the wealth of the US was stolen from third world countries. This is one of the great perks of living a life free of the ability to think critically and do a little research. I have heard this slander repeated so many times I decided to look into some actual numbers to see if there is anything to this charge. This is a perfect example of how critical thinking allows you to see the unseen. That attitude, Google and ten minutes is all you need to shoot lies like this down in flames.

Okay. The US Per capita income is $41,300. That of a poor, third world country –Djibouti, say -- is $2,070.

Now it gets interesting. The US gross domestic product – the value of everything we produce in a year -- was last measured as $12 trillion, 277 billion dollars (hundreds of millions of dollars being too insignificant to count in this economy).

The GDP of Djibouti is 1 billion, 641 million US dollars.

A little basic arithmetic shows me that US has a GDP 7,481 times greater than Djibouti. A 365 day year, composed of 24 hours in a day, yields 8760 hours per year. Hang on to that for a sec.

Now, let’s suppose the U.S. went into Djibouti with the Marines, and stole every single thing that’s produced there in a year…just grant the premise and say we stole every goddam thing they make. If we hauled away all of Djibouti’s wealth, how long would it run the U.S. Economy, which is 7,481 times greater?

Well, 8,760 hours divided by 7,481 gives you an answer of 1.17 hours. In other words, it takes the U.S. 1.17 hours to produce what Djibouti produces in a year.

If the US really did go in and steal everything that the bottom thirty countries in the world produce, it might power the US economy for two or three days.

Conversely, the billions and billions of dollars the US spends annually in aid, rent, etc. – plus uncounted billions more from private American charities – would supply the entire GDP of Djibouti for hundreds of years.

Where’s your Imperialism argument now?
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