I was reading the other day that half of the people in the world today are hungry, poorly housed, in bad health, and scraping along on the incomes of less than $100 a year. [In 2019, this translates to roughly $943.] In fact, only about one-tenth of all the working people in the world can boast of incomes exceeding $600 a year. [In 2019, this translates to roughly $5,600.] Let me repeat that: Only about one-tenth of all the working people in the world can boast of incomes exceeding $600 a year!
Why? Well, there really is no good reason why so many people & their children should suffer so.
The majority of people who are beggar-poor live in countries where there are vast (but practically undeveloped) natural resources which could be utilized to create wealth and employment. Millions of people, whose food allotment for a week is less than most Americans consume in a single meal, live in areas where food could be grown in abundance.
Africa is one of the richest continents on earth from the standpoint of materials and raw minerals. So is South America.
But nobody’s doing much about it.
Take the billions of gallons of oil being pumped out of the deserts of the Middle East by western companies. That oil has been there for centuries and, if we hadn’t found it, would probably still be there — not contributing a penny to the good of the people of those countries.
So, the next time you feel sorry for yourself for no particular reason, or when you hear somebody muttering about how bad things are in the U.S.A.,
Think of the billions of people plodding through a life made dreary and poor by cockeyed political or economic systems in other parts of the world.
Sometimes you hear people muttering about all the advertising that surrounds us. To pay for advertising, United States business sets aside about seven billion dollars a year. Much of this husky sum is spent by local merchants advertising their daily sales, while the balance is spent by national advertisers to promote their products. The money goes for radio and TV programs, into magazines and newspapers, direct mail campaigns, for outdoor billboards, and car cards, and so on.
Seven billion dollars sounds like a lot of money until you consider that advertising is a prime mover in selling some hundreds of billions of dollars worth of goods and services a year.
If all advertising expenditures were eliminated, you might not notice any difference in the price of the things you buy. But you’d certainly notice the lack of advertising in other ways.
Imagine the United States without radio, TV, magazines, or newspapers – nearly all of which would fold overnight without income from advertising.
And you can be sure many companies would quickly fold, too, if they stopped telling people about their products.
Advertising, by creating a mass market for goods, has contributed to the low cost of America’s high standard of living. In fact, it’s been proved that a company with a lively advertising philosophy is a much better company to work for than one without such an attitude.
Don’t let the fact that you frequently hear people from abroad, and quite a few who don’t know any better right here, criticize our way of doing things. The facts are that our way works very well.
The proof is in the pudding and, let’s face it, there’s more pudding in the U.S.A. than in the rest of the world put together.
Never in the history of the world has a country been put together with a better combination of workable ideas than our United States. We have our problems and taxes are much too high but, on the whole, it’s a lot better than the competition.