A shocking admission from Bono: “Aid is just a stopgap. Commerce [and] entrepreneurial capitalism take more people out of poverty than aid. We need Africa to become an economic powerhouse.”
IMHO 3 things are needed: -get religion out of politics -strong rule of law including property rights -free market just giving people money doesn't work ... in fact it usually gets siphoned off to the thugs... but i guess it makes the donors feel good
A lot of third world dictators and their cronies have become fabulously wealthy off of foreign aid. A good deal of the money never gets to the intended recipients.
IMHO 3 things are needed:
ReplyDelete-get religion out of politics
-strong rule of law including property rights
-free market
just giving people money doesn't work ... in fact it usually gets siphoned off to the thugs... but i guess it makes the donors feel good
A lot of third world dictators and their cronies have become fabulously wealthy off of foreign aid. A good deal of the money never gets to the intended recipients.
ReplyDelete