Trade not aid
There's an interesting article in the FT about Dambisa Moyo, an economist who wants to scrap all of the aid programmes to Africa. Somewhat surprisingly, her views seem to be not unpopular, with at least two African leaders inviting her to talks.
It's certainly a breath of fresh air to have someone speak about "exit strategies" rather than simply demanding more handouts. The FT speaks ominously,however, of a groundswell of opposition from the aid community. This is only to be expected. There are taxfree lifestyles to be maintained among the "misericorderati", so they can certainly be expected to fight hard and dirty.
But it's only trade that offers a long-term solution to the problem of poverty in Africa.
Reader Comments (6)
"What man or nation has ever become rich by holding out a begging bowl?" asked Mwenda.
http://www.cafehayek.com/hayek/2007/07/easterly-vs-bon.html
(Anything by Bill Easterly is well worth reading on this subject)
...and by so doing blames socialist welfare statism...exactly the system that is producing an underclass wherever it is applied. Africa ? think Murupara/South Auckland/Otara...
Just as the green church has the blood of innocents on its hands after the hysteria over DDT, the aid organisations have to look at themselves over the institutionalism of corruption and famine in Africa, propped up by Western aid.
Love it. May steal, hope you don't mind; will acknowledge if public.
We do a lot of extra schooling at home. We came across the word *paradox* and wanted some good examples. Wikipedia threw up some lame examples - some involving trime travel...
The best I could think up was that leaving the fridge door open will *warm* the room.
But now we have a perfect example of a paradox: *AID* programs.
The explanation is that money and goods are sent to africa, schools are built, wells are drilled, goats are bought, etc. So far so good. But when you stand back and look at the net effect of this experiment over the last 30 years the results have all been negative - every single aid project has backfired and made the recipients poorer.