The correct starting point in the analysis of any economic unit is to pose the following three questions: What are the needs of the people? What resources are available? How adequately are these resources being mobilised for these needs ?1
These questions are applicable to a continent or a country (or for that matter a county, a city, or a village); they can also be applied to the world as a whole. If they are, a picture emerges which, if it does not appal us, because it is so familiar and so easily taken for granted, would certainly astonish a visitor from another planet. The basic human needs for nourishment and for protection from the weather are not great, and the resources known to be available could, with current levels of technique, easily permit a comfortable living standard for everyone. Yet these resources are very largely unexploited or wasted, and miserable poverty is the typical human condition.