Comments: BASIC ECONOMICS

Switch Africa with poor people & aid with welfare and it’s the same result.

Teach a man to fish…

Posted by tim at June 12, 2007 09:41 AM

It is a great interview, but it's also representative of a funny thing about articles that stay on the internet for years and blog cycles. That interview is from July 2005. I remember when it was the big rage back then as well, then it dipped away only to be, for some reason, resurrected as new. Which is cool, because it deserves attention.

Posted by marc at June 12, 2007 09:52 AM

Yes, I remember reading that back then, but yesterday I read another Spiegel article on how the aid isn't helping Africa, and why do people think that more money would help. I was thinking again...man, wish I could send this to Sarah.
An article called: Why Africa doesn't need money from the West:
http://www.spiegel.de/politik/ausland/0,1518,486464,00.html
And another one called: Why Africa is suffering thanks to foreign aid.
http://www.spiegel.de/politik/ausland/0,1518,487746,00.html
Spiegel seems to have a pretty long standing stance towards the current foreign aid being a negative for Africa.
Maybe those articles will be soon translated into English.

Posted by CaliValleyGirl at June 12, 2007 11:34 AM

Basic premise is so, so true. I just returned from a trip to Rwanda. Millions of dollars in humanitarian aid have flowed into that country, primarily due to guilt from the world ignoring the genocide in 1994. The country has been & continues to be rebuilt in wonderful ways, great roads, etc., particularly compared to Kenya. Even so, the coolest thing are the billboards that encourage their citizens to pay their fair share of taxes so that the country can eliminate their dependence on outside aid. Very cool!
There is hope for Africa, but I agree, continuing to just "send money" without better FAIR trade agreements & accountability on the part of the individual country's gov'ts certainly can do far more harm than good.

Posted by beckie at June 15, 2007 07:36 AM