Fidel Castro, 1 trillion dollars, and Global Keynesianism

This is further to my recent posting on "UNCTAD, Frantz Fanon, and Global
Apartheid".

At the recent "South Summit" in Havanna in April 2000, which was a summit
of the Group of 77, representing the global majority through its
governments,
including China, India and the rest, Fidel Castro gave the opening speech
which, interestingly, mentions a figure of 1 trillion dollars -- this being
similar to my research results (see, below).

REFERENCE:
Fidel Castro's speech at the South Summit in Havana, 12 April 2000:
http://www.socialistaction.org/news/200005/castro.html

The paragraph of the speech which I am referring to is:

"A viable way to do this would be by establishing not a
 0.1 percent tax on speculative financial transactions,
 as Mr. Tobin brilliantly proposed, but rather a minimum
 1 percent, which would permit the creation of a large
 indispensable fund-in the excess of $1 trillion every
 year-to promote a real, sustainable, and comprehensible
 development in the Third World."

The speech does not go into the details of such a fund.
While 1 trillion dollars seems like a lot to an unemployed
father or mother of 7 children, it is not a whole lot in
relation to global GDP. With a global GDP of 40 trillion
dollars or thereabouts, 1 trillion amounts to a miserly 2.5 percent
of global GDP.

Does one need a world revolution for that? It ain't necessarily so.
This can be financed with the methods of the green, socially
responsible global Keynesianism, which I am advocating.

Gert Kohler
Oakville, Canada

*********************************************************************
In my previous post on "UNCTAD, Frantz Fanon, and Global
Apartheid" I had written, inter alia:

"What the victimized/globalized do not dare to think and say is that they
are
being exploited and that money is owed to them. In my calculations, the
non-OECD countries lose 1-2 trillion US dollars per year due to unequal
exchange. (See, Gernot Köhler, on unequal exchange:
http://csf.colorado.edu/wsystems/archive/papers/kohlertoc.htm)
Instead of pleading for a bit more of ODA and begging for more debt relief
and cowtowing to structural adjustment programs, UNCTAD could actually
* demand  *  "money back" -- namely, 1 to 2 trillion dollars per annum. This
is LDC money which is withheld (stolen) from them due to the economic
mechanics of the world system. In order to make such a demand, UNCTAD would
have to break out of, and emancipate itself from, the "Black Skin/White
Mask" syndrome described by Frantz Fanon."