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Monday, August 29, 2005
This guy, if we dug deep enough, would probably turn out to be a Thomas Sowell student. And just like the estimable Sowell, Kenyan economics expert James Shikwati should be heeded. He says huge foriegn aid pouring into Africa is hurting, not helping. Why?Huge bureaucracies are financed (with the aid money), corruption and complacency are promoted, Africans are taught to be beggars and not to be independent. In addition, development aid weakens the local markets everywhere and dampens the spirit of entrepreneurship that we so desperately need. As absurd as it may sound: Development aid is one of the reasons for Africa's problems. If the West were to cancel these payments, normal Africans wouldn't even notice. Only the functionaries would be hard hit. Which is why they maintain that the world would stop turning without this development aid.That says it pretty succinctly. Will anyone listen? Don't bet on it. Who could withstand the withering accusations of 'heartlessness' and 'greed' that would follow?
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