The Cody Word
  • July 29, 2008 01:16 AM EDT by Cody Willard

    Cody's Stimulus Package: No-red-tape Status for Investing in Sudan

    As I read the tragic Catch-22 Flip Its that surround how best to go after the Sudanese leadership that’s at minimum complacent of the atrocities going on in Darfur – if the international courts accuse him of war crimes then what’s he got to lose by being a war criminal until he gets caught vs. the alternative of doing nothing as hundreds of thousands die - I keep coming back to the only solution I think can help either in the long run or even in the short run: get investment capital into the region.

    Yes, I’m serious. How best to get security into the Sudan? Put American dollars at risk. And not government dollars. And we don’t even need any incentives other than the good ol’ profit-seeking investments incentives. There’s oil in them hills. There’s all kinds of natural resources and valuable land and people there that we can invest in. We have a shortage of natural resources – globally, right?

    My proposal: why don’t we create a no-red-tape status for investing in the Sudan. Yes, as I’ve said before, we need to Flip the divestment movement that’s keeping capital out of Sudan entirely on its head and PROMOTE INVESTMENT into the Sudanese areas. Isolation begets genocide. Investment begets prosperity.

    Let’s not create tax-credits or write-off credits or carbon credits or any of the other nonsense that the corporations typically use their Democrat and Republican cronies when it comes to "promoting investment". Rather, I propose a true free market for capital that goes to the Sudan. No red tape, no restrictions. Just let us invest there as easily as if it's, say, Delaware (I'm serious...declare Sudanese a monetary-equivalent of the US' most tax-friendly statehood)…and we will…and the Sudanese will eventually have some peace and upward mobility as the world will be tapping yet another new source of oil and metals and other commodities to change the current shortage to a full on glut sooner rather than later.

    Which would mean more food for everybody, including those hungry souls in the Sudan who need our help, our capital, our technology...virtuous cycles can come out of the vicious that exist.

matthew

i have been there. all they want is a chance. any chance. and we have, as you suggest, one of the answers. invest. i am more familar with southern sudan and believe their present government is very fragile and need any help we can offer. if given a chance, true democracy can be obtained in southern sudan. but the clock is ticking.

July 29, 2008 at 1:25 pm

about this blog

  • Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company. He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

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