The Friday morning plenary address at last week’s Assembly of World-Wide Partners was given by Ruth Padilla deBorst, a 15-year veteran of work with Christian Reformed World Missions. Padilla deBorst’s talk focused on relations between the global north and global south, “Together in Missions in the 21st Century.” In the following I’ll summarize her talk and intersperse the summary with some of my own reflections. One general comment, with Acton University beginning today: the valuable uniqueness of a conference like Acton U comes into sharp relief given the economic, political, and ideological attitudes on display at an event like the Assembly of World-Wide Partners. (more…)
Despite strong overall growth, a number of internal problems, including excessive regulation, continue to limit wealth creation throughout Latin America, reports Samuel Gregg. The regulations Dr. Gregg examines include those on starting a business and on banking.
Dr. Gregg explains that while it takes as few as 5 days to file the appropriate paper work to start a business in the United States, it takes an average of 152 days in Brazil. Dr. Gregg states that there are fewer loopholes to starting a business in Iran, than in most of Latin America.
Dr. Gregg also examines, in detail, some of the legacy economic laws that exist in much of Latin America, which regulate banking. These laws, intended to protect people from unjust interest rates, often hurt the people best in the position to increase the economic prosperity of Latin America – namely first-time entrepreneurs who are will to take risks to gain the capital needed into order to create wealth. Dr. Gregg argues that removing some of the regulations mandating interest-rate ceilings would benefit Latin American much more than it helps to protect it.
Bush has lots to say about encouraging what he calls “capitalism for the campesinos.” He ties this to “social justice,” by which he means, above all, “meeting basic needs” to education, health care, and housing so that people can “realize their full potential, their God-given potential.” But social justice, thus conceived, doesn’t require massively redistributive government action; rather, it requires unleashing the potential of individual initiative, sowing some seeds, and leveraging the efforts of non-governmental organizations, especially faith-based ones.
In comparison to a speech from President Kennedy in 1961, Knippenberg concludes, “If you compare GWB to JFK, you’ll see that the goals aren’t all that different, but the thought put into the methods is.”
The NYT editorializes today that Venezuelan president Hugo Chávez is, at worst perhaps, a necessary evil given the current political climate: “if it takes Mr. Chávez’s demagogy to spur Washington toward more enlightened policies in the Americas, so be it.”
Oh yeah, and more US foreign aid to Latin America equals “social justice.”
“Mr. Bush deserves praise for doubling the assistance to Latin America, to $1.6 billion a year. But much of this has been for security programs in Colombia. A lot more will be needed if promoting social justice is to be more than a sound bite.”
In any case, I think it may in fact be true that President Bush’s “reputation in the hemisphere [is] nearing its modern nadir” if in a comparison of Bush and Chávez the latter comes off looking favorably. Or maybe it says more about the discernment of those making such judgments than it does about Chávez’s objective quality.
Latin America’s Catholic bishops are preparing for a major conference in Brazil next spring and the agenda will include, aside from issues relating directly to the faith, discussions about politics, populism, corruption and economic globalization. Samuel Gregg says the meeting holds great promise: “Few realize it, but May 2007 could be a decisive moment for Catholic Latin America.”