Thursday, October 18, 2007

Aid money to Africa just disappears down a black hole:

Already today there are increasing numbers of Africans who call for an end to this sort of support. They believe that it simply benefits a paternalistic economy, supports corruption, weakens trade and places Africans into the degrading position of having to accept charity. "Just stop this terrible aid," says the Kenyan economic expert James Shikwati.

And some related thoughts from Mexico [my rough translation]:

So the question isn't how to eliminate poverty. The policymakers should ask themselves how those who have the least can generate wealth. For example, what are the goods and services that they can produce themselves?

Yes, I know that linking a post in a foreign language immediately makes me a Grade A arrogant pretentious pseudo-intellectual jerk. But being arrogant, pretentious and pseudo-intellectual is maybe the whole point of this blog.

2 comments:

Ian said...

and if we stopped subsidizing our farmers this would help poor people be able to produce something they could sell.

Anonymous said...

I think having a blog makes you arrogant and pretentious :-)

I say give every poor person a blog with Google Adsense....should give them loads of money in no time!