Why Bono is wrong
No, I’m not talking about Zoo TV (which he was wrong) but Africa. Independent Sources’ hosting problems last week (thanks LoserPages) kept me from doing something more in depth on this topic so you’ll just get this excerpt:
The Kenyan economics expert James Shikwati, 35, says that aid to Africa does more harm than good. The avid proponent of globalization spoke with SPIEGEL about the disastrous effects of Western development policy in Africa, corrupt rulers, and the tendency to overstate the AIDS problem.
SPIEGEL: Mr. Shikwati, the G8 summit at Gleneagles is about to beef up the development aid for Africa…
Shikwati: … for God’s sake, please just stop.
Suffice to say that that we had a similar experience with pouring money into a structure problem leading to an even greater structural problem. From a commenter of th above post: “Maybe Lyndon Johnson’s heart was in the right place when he brought the Great Society to bear on America, but the inflation, multi-generational welfare trap, and the giant concrete utopian monster structures did a lot more damage than anyone could have imagined.”
Similar Independent Sources posts:
- Should All Aid To Africa Be Stopped?: Reason's Hit and Run pointed us to this interview with James Shikwati, a young Kenyan economist with a distinctly non-Geldofian view of direct aid to ...
- Red Generating Very Little Green; $100m to make $18m: Red From Marginal Revolution: Advertising Age calculates that around $100 million has been spent blanketing billboards and magazines wit ...
- L.A. Times’ Answer to African Famine: Country Music?: Too band that the Los Angeles Times has decided to drink from the same spiked Kool-Aid as Bob Geldof and other well-meaning liberal musicians in ...
- Live Aid vs. Farm Aid: Jeffrey Sachs, Columbia University Economist and more importantly special advisor to UN Secretary-General Kofi Annan, states it this way in his LA Tim ...
- The Revolutionary Communist Party Announces Its Solution for African Poverty: With the Live 8 Concerts upon us and with their stated objective of addressing African poverty—a noteworthy goal—we stumbled across a very ...
