Thursday, August 15, 2013

Blind Squirrel Finds Acorn

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.”


  1. 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

  2. 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.