Monday, March 26, 2012

Life in Debt

The film "Life in Debt - Jamaica"was a very eye-opening look at Jamaica's economy on both the micro and macro level.  It was unbelievable to see how the average person, as well as the country itself, is suffering because of the rest of the world.  After gaining independence from Great Britain in the 1960's, the IMF stepped in to "help" Jamaica to persevere without the help of a major country/economy such as Great Britain to back them.  The result has been less than satisfactory.  While the rest of the world, including the US, benefits from abusing Jamaica's weak economy, the Jamaicans themselves are suffering heavily.  Most people lack proper jobs to supports themselves and their families, and there is no easy escape because Jamaicans lack the money and the opportunities to move elsewhere, such as the United States.  Seeing the seemingly endless struggle of the average Jamaican, whether it was a factory worker or a farmer, was honestly depressing.  There seems to be no real hope in sight as long as the IMF and the United States are profiting from Jamaica in an unfair way.

1 comment:

  1. I thought that the film was extremely eye-opening as well. It makes me so thankful for my life but also makes me angry that these countries are being taken advantage of. Something needs to be done about these issues but I feel like it is an uphill battle for lobbyists.

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