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Slums

To tighten

An interesting column in today’s Financial Times by Martin Wolf: “To tighten or not to tighten – that is the question. It is one to which policymakers have started changing their answers. Are they right to do so? That is the issue addressed in the Financial Times this week, echoing the fierce debates of the 1930s. If arguments for tightening are correct, failure to do so would bring fiscal and financial shocks in some of the world’s most important countries. If arguments for tightening are false, decisions to do so threaten recovery and might trigger further financial shocks.”

A small footnote to the recovery – this morning a friend of mine visited Amsterdam airport. She said: “I don’t see a crisis, I just see prosperity.”

The crisis is invisible.

In the old days people had to travel to Africa or Asia to see real poor people. Perhaps in the near future tourists can visit the slums in their own country.


6 comments Last_comment
Arnon
You said: 'Perhaps in the near future tourists can visit the slums in their own country'
I think you are unfortunately right.
It would have been of course a lot beter not to find poverty anywhere in the world, or at least enough help from the rich to their brethen in need of decent conditions of life .
Sadly, egoism and theft of the common good seems to rule the nowadays economy.
Let's still hope for a beter future !
@ Francette, Amen.
@ Arnon, I do hope the crisis will stay invisible. I read you are going to Spain with a family. In 1997 I made a sort of Tour the France through Spain and believe it or not: there were slums. I think I saw them, biking through the cities in the south of Spain. I was deeply shocked.
That will save the ''disaster tourist ' some money.
In 1958, I saw the my first slums around the North French city of Lille. All I remember is the color grey, a thick grey mist of dust. Later on, I heard that those slums were constructed by Algerian refugees.
Last week I visited Liverpool and, outside the shops and Beatles dominated city center, I saw long dirty streets of small and badly maintained houses. Not really slums, but still very visible poverty.
Harbour, and musea
Simon,
Have you seen the harbour with the musea too? They have the first museum about slavery in Liverpool.