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Private Investments and loans to developing countries tripled from $52 billion in 1990 to $159 in 1995, most of these to emrging economies including China, Mexico, and the Republic of Korea. The private investments are made mainly to insure maximum profits for the transnational corporations and banks. This private investment has meant a global resurgence of sweatshops (ex. Nike in Indonesia). The corporations then reap billions in profit. Capitalist investments are not part of the solution, in fact is part of the problem. The transnational corporations extract trillions of dollars in raw materials and labor power from the nations of the world, leaving in their path mass poverty and unemployment.

Several UN agencies, UNICEF, the World Health Organization, and UNIESCO, are calling for a '20/20 initiative', allocating 20% of aid and 20% of the national budgets of developing countries for basic social services.

from article "New Global Economy Starves World's Children" in People's Weekly (Saturday October 11, 1997) by Tim Wheeler and Julia Lutsky

WHAT IS THE GOVERNMENT DOING TO HELP US?

"Our government continues to encourage the exportation of good jobs to Latin America, Asia, and Africa where both the workers and the land can be exploited and plundered. At the same time right wing demagogues continue to call for more cuts in social services, public health, and public education. To add even more insult, funding for higher education is becoming more and more scarce, yet the poor are expected to do for themselves, while the rich gobble up the precious funds...Real welfare reform should start with reforming corporate welfare and welfare for the rich. At the national level this would mean an end to tax abatements, public funding of sports arenas built for privately owned sports teams, privatizing public services and other government handouts to the corporate sector."

from article in La Voz de Esperanza "Why do we Hate the Poor?" by Frank Valdez