Thursday, June 19, 2008

The unintended consequences of development aid in Africa

Development Aid is killing Africa. More governance, less corruption, less aid, more trade is what is needed. Do not create poverty traps by creating dependancy traps.  Oh yes, and do not forget this quote from Oscar Wilde: Philanthropic people lose all sense of humanity.

Read the full article in De Spiegel

Having acknowledged that aid, in many instances, does not work, how do we avoid the trap of falling into a capitalism without a heart?

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