KAZEY JOURNAL

Developing Developed VS Developing Undeveloped

Developing Developed VS Developing Undeveloped, Comfort Bankruptcy VS Comfort Poverty, and the list goes on and on. The Developing developed world (The USA, Australia, European Countries and even Some Asian Countries) whilst in the other case The Developing Undeveloped (Most African countries, Some South American countries, Some European countries, and also not forgetting Asian countries). Nest of comfort packaged around governmental level of citizen support in terms of education through loans, house acquisition through mortgages, Free shopping through credit cards etc.

Many of us are actually still have this believe that the state of the Developing developed world is what to dream for and what to expect in what we may called a perfect system of governance and livelihood. The dream has elevated to the extent that there is nothing that could stop them from making use of any opportunity to migrate to any country that gives such opportunities as listed above. Frankly when I take a look at such system I don’t see anything to look or copy from. Firstly the method of getting educated in the developing developed world. Getting education from such countries are so expensive that the citizens are left with no choice but to take loans or financial aids to support them through out the education. Now this loans means they are automatically in debt from day 1 of deciding to get an education in a higher institution, and mind you there are not interest free loans, they are in fact supported by an interesting amount of loans that you have to struggle all you life trying to repay after getting out of this institution. So what is so special about getting in debt, I think those in African countries should be proud of the fact that after education in the higher institution, they are not in debt!! Mortgages another way to get you in debt, now I need a home, I can get it due to support by the system I stay in, but then what about the interest rates, the debt? I mean what is so special about it, why cant I just rent instead and be debt free? And besides the idea of saving the money that is supposed to go for repaying mortgages plus the interest would eventually be able to be saved for a new debt free home. And besides using the part to also pay rent don’t you think this is just a perfect solution, but yet again many of us still think we really need mortgages, and having a house is an asset, but not forgetting the debt!! That you would have to be repaying all your life, and even maybe your children would continue repaying too. Another form of slavery is here and is here to stay in the new developed world!! Or even yet to be developed. Slavery to Banks, government, and financial institutions is really what this is, and what can be worse than that. Well I guess every development or progress has its price.