What a day! In a nutshell, we had an amazingly intellectual lecture from a professor from the University of Panama that was an ECONOMIC ANTHROPOLOGIST. He explained to us in basic yet complex terms how the history of economics has arrived to form the global system that we have today. By explaining all of the current problems that the world is experiencing today, we understood the depth of how unfair just the economic global system is for every country in the world except the Great-8 (the most powerful countries). This Academic Professional shared such basic terms with us, (Market of Goods & Services, Market of Resources, Financial Market, Business, Supply, Demand, Price, Conflict of Interest, GNP, Consumption, Investment, Government, Unions, Trade, Imports & Exports, Inflation, Exchange Rates), and he shared with us the dynamics of how and why national markets are turning into international markets, thus the Free Trade Agreements. The common problems of corruption, unemployment, prostitution, drugs, violence, poverty, trafficking are direct results of the current economic system across the world. It is true that the International Monetary Fund (IMF), the World Bank and the World Trade Center (GATT) attempt to create regulations to create capitalistic equality, but these organizations are controlled by the Great-8. The business world sector is too often more important that the people & environment.
Solutions? According to Dr Barrett, 1. Solidarity 2. Elect better government officials 3. Each country in the world should have equal votes in international organizations (UN, IMF, WB, WTC, etc.).
Our time in Panama City is now over and we are leaving tomorrow at 4am to drive to the islands of Bocas del Toro.
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