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RE: CHARITY | São Tomé e Príncipe - Your upvote can make a difference! | #1
Czerwony Salut! ‘Tis good we have people helping the poor of the World, especially the Third World, where their gov’ts refuse to help. Resteemed.
I don't really know the economical reality of São Tomé, but it's strange that such luxury resorts coexist with extreme poverty. The same happens in Cape Verde. I mean, doesn't the tourism help the country itself?
I'll be researching this and post about it on the next weeks.
The Tourist “Industry” is mainly an industry of Unproductive Labor. That is to say that the industry and its workers are paid on Revenue and not on Capital. To go further, Capital is being generated in Tourism; some Capital in the World is reallocated here as to keep it alive and the Tourist “Industry” quickly spends it to stay afloat.
The Tourist “Industry” however relies on productive labor of other industries like Construction and Agriculture. These reproduces Capital that helps feed back into the market so it can even reproduce itself. However, depending upon where the Tourist “Industry” contacts to get their supplies, that place will have their Capital reproduced. São Tomé e Principe’s Industry are screwed over as the Tourist “Industry” doesn’t support them nor allocate the Capital to these industries as to generate local commodities to their satisfaction.
That’s why “poverty and wealth” can exist on this level, because they don’t intermix they discriminate against each other so highly there that their existences seem independent of the other. But rather that they are closely dependent and correlative of each other for them to exist. And these islands showcase how the Global Rich benefits off the Global Poor - the poor’s downtrodden existence gives the rich’s existence an easier time to float by unharmed.
This makes sense, although my economical knowledge probably isn't enough to debate on other possible explanations on what's happening there :) thank you sir!
Here’s a resource yah can use to start the education towards knowing economy. https://www.youtube.com/channel/UCVBfIU1_zO-P_R9keEGdDHQ
Otherwise, I generally recommend reading Smith, then Ricardo then Marx in that order when learning about Economy and Political Economy. Those three share a lot in common, but one after the other expands and adds ideas the other hadn’t from their predeccesor. I consider Cockshott over Harvey because Cockshott can back up his claims empirically and rationally, Harvey on a lesser level.
Thank you! I'll check them :)