Tuesday, July 6, 2010

Secretary of State Clinton: Economic Propserity Needs to Be 'Equally Spread Among the People' in Irony-Rich Speech at Ukraine's Capital

Sadly, The Ukraine is no stranger to attempts at wealth redistribution.

Speaking at the Kyiv Polytechnic Institute in Kyiv, Ukraine, on July 2, Secretary of State Hillary Clinton told the audience the biggest issue facing the world today is how to spread the most wealth around to as many people as we can:

It’s important, too, that we look at how to promote broadly-based prosperity. One of the problems in societies around the world today is that too much of the productivity of the economies are going to too few. Too few people, the political and economic elite, are realizing the vast majority of benefits from economic activity.

It’s true in my own country where, unfortunately, economic inequality is increasing. And it’s true in Ukraine. It’s true in Europe and Asia and Africa and South America.

So part of the challenge of economic growth and prosperity is to make sure it gets down and equally spread among people. And we have to work towards spurring investment and long-term growth in Ukraine. And we have to work together to end corruption in both the public and the private sectors
OK good NANESB! readers- you're in for an unexpected little bonus. I'm going to teach you a new word to add to your vocabulary today:
Holodomor- A famine in the Ukraine (then part of the Soviet Union) during 1932-1933 which millions of inhabitants died of starvation during peacetime (lit. translation from Ukrainian meaning 'death by hunger').
The timeline of the Holodomor also happens to coincide with Stalin's purges, forced collectivisation of farms, five year plans and 'dekulakization' (the liquidation of "rich" peasants and their entire families). Apparently Stalin relished the challenge of economic growth and prosperity being "equally spread among the people" as well....just not the Ukrainian people.

By the way, I also love how Secretary of State Clinton refers to the "political and economic elite" in the third person. If you're really concerned over the lack of equitable distribution of wealth and assets i your own country, you could always start by setting the example and parting with some of yours.

[Hat tip: Townhall.com; The Lonely Conservative]

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