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World’s Reactions to New EIB Policies: Planet’s Poorest, Wealthiest, Most Murderously Dictatorial comment the EIB ChangesThe various constituencies affected by the new development policies of the European Investment Bank reacted in a range of ways today to the announcement that the EIB would be moving away from its traditional large-scale, heavy impact model to a focus on smaller, more popularly owned, sustainable investment. However, there was one common overriding theme: confusion.
When informed that the EIB genuinely wanted to solicit his opinion on the new small-scale, locally owned solar power network it intends to fund in the area, Muamba laughed dismissively and noted that his cousin Patrice was told the same thing about the colossal copper mine that swallowed his village a few years ago, and that his widow and children would very much like to have his body back if at all possible. Handed documents showing that the solar project would in fact bring affordable electricity to his village, which currently receives no power as all of Mozutu’s hydroelectricity goes to the mining sector to fund export of cheap raw materials to the West, Muamba simply stared into the distance, his eyes slowly filling with tears.
Informed of the new arrangements as regards development in his country, Thiamotswe seemed rather hurt and personally offended. “Philippe, Philippe, Philippe. How many years have we been doing this? Not just you and me but our predecessors and our predecessors’ predecessors. You talk about development and empowerment and making my country a functional democracy while you rip open our economy and rob us blind of our natural resources. I play the crazy dictator who you can ultimately blame everything on because of ‘bad governance.’ The model’s been working fine since the nineteenth century—if it ain’t broke, don’t fix it, know what I’m saying? Nadine says hi, by the way.”
“But think about it for one second. If those people are too dirt poor or dumb to do anything with those resources, then do they really deserve to keep them? Use them or lose them. Whereas people like us, who don’t have to do anything in these places, who travel from really far away and often have to build hotels and roads just to visit, we do something with those resources. We take them and make vast profits. I mean, at least somebody’s making money. That is the point here, right? And the EIB appreciates, or at least used to appreciate, that. Why do you think their economic analysis focuses on bottom line economic growth on paper and doesn’t consider the distributional effect of who really benefits?” Informed that popular opinion was turning against the new corporate imperialism, Corporate Whore 37521 narrowed his eyes, inquired which newspaper was doing this interview and placed an immediate call to the mergers and acquisitions department. |
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