Why are poor countries still poor with all the money that yearly events generate? E.g. Comic Relief.

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I haven’t done any research on this so there are probably a lot of factors that I haven’t considered. Just genuinely intrigued as the charity adverts you see on TV imply that it doesn’t take a lot of money to feed one child or buy a blanket etc.

In: Economics

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Anonymous 0 Comments

It looks like Comic Relief has raised ~$1B since 1988 (kind of impressive, really).

Currently, ~1.3B people live in extreme poverty. So, if you took every $ that has been raised in over 30 years by Comic Relief, you’d have 76 cents per person to spend, to feed them for 30 years.

While there are many charitable groups raising money for the poor around the world, the need vastly outpaces the donations.

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