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| Economy |
| Why trying to help poor countries might actually hurt them |
| 2015-10-15 |
| h/t Instapundit It sounds kind of crazy to say that foreign aid often hurts, rather than helps, poor people in poor countries. Yet that is what Angus Deaton, the newest winner of the Nobel Prize in economics, has argued. Giving people staff for nothing hurts them on the long run---who'd guessed it? I do think, it's interesting that these---perfectly commonsense ideas are beginning to gain traction now. Could it be that "first world" is getting tired of feeding the endless mouths of the third? |
| Posted by:g(r)omgoru |
| #8 This is news? 1997 at least, maybe others noticed it earlier. |
| Posted by: James 2015-10-15 20:21 |
| #7 swksvolFF, well put. I'm gonna use that. |
| Posted by: rjschwarz 2015-10-15 18:15 |
| #6 Why doing my daughter's homework for her does not help her learn math. |
| Posted by: swksvolFF 2015-10-15 17:47 |
| #5 Welfare tends to cause dependency. It many cases it's just easier to take the money, live a marginal existence, and then blame others for your plight. I don't see why it wouldn't be similar for nations. Also, only a fool would give money to a corrupt government and expect the money to be used properly? The reason most of these nations are perpetually poor is because they have corrupt governments. The US would be better off removing the restrictions on assassinations and subtly let a few know that they are on the list and probably should quietly retire to the south of France. |
| Posted by: rjschwarz 2015-10-15 15:07 |
| #4 Since when has Welfare ever worked in pulling people out of poverty? Never. |
| Posted by: DarthVader 2015-10-15 11:16 |
| #3 Biological or political evolution require a terminal elimination of undesirable traits as evidence of their failure. Interrupting this natural process with measures of external sustainment prolongs the natural decline and impedes an improvement of both species. But a select group of compliant 'downstairs people' must be sustained. Somebody must do the cooking and see after the domestic affairs. |
| Posted by: Besoeker 2015-10-15 08:58 |
| #2 Biological or political evolution require a terminal elimination of undesirable traits as evidence of their failure. Interrupting this natural process with measures of external sustainment prolongs the natural decline and impedes an improvement of both species. |
| Posted by: Skidmark 2015-10-15 08:39 |
| #1 Who cares? It tends to make the politicians handing out the loot feel they look good, and if some of it "accidentally" comes back to them after they leave office then who are they to turn down a grateful dictator? |
| Posted by: Bright Pebbles 2015-10-15 07:23 |