THE PRIORITIES OF CAPITALISM

There is much debate in the national media about how many billions of dollars, euros and pounds should be spent on armaments but little on how much should be send in preventing infant deaths from lack of vitamins. "Malnutrition should be the world’s major priority for aid and development, a panel of eight leading economists, including five Nobel laureates, declared yesterday. ...The provision of supplements of vitamin A and zinc to children in developing countries, to prevent avoidable deficiencies that affect hundreds of millions of children, is the most cost-effective way of making the world a better place, the Copenhagen Consensus initiative has found. ... The jury of economists chose to emphasise malnutrition, and micronutrient supplements in particular, because of the major effects that comparatively moderate financial investments could have. Around 140 million children suffer from vitamin A deficiency, which can cause blindness, immune system problems and death, or zinc deficiency, which can stunt growth. Supplements of these nutrients, however, are both effective and extremely cheap – at 20 US cents per person per year for vitamin A and $1 for zinc. For just $60m a year, it would be possible to provide capsules of both micronutrients to 80 per cent of undernourished children in sub-Saharan Africa and South Asia." (Times, 31 May) RD