Incite -- (v) 1: give an incentive; 2: provoke or stir up; "incite a riot"; 3: urge on; cause to act |
Thursday, July 07, 2005
Written by: BeckYou absolutely, positively, MUST read this interview with an African economist conducted by the German Spiegel. SPIEGEL: Mr. Shikwati, the G8 summit at Gleneagles is about to beef up the development aid for Africa...There's ever so much more, but the long story made short is that foreign aid constitutes a form of inflicted market failure. Free food and clothes, for example, make it impossible for indigenous farmers and clothiers to compete, so they go out of business, creating a vicious dependency cycle. What's more, it creates a victim mentality which has come to dominate all of sub-Saharan Africa. This brief interview is an absolute must read. (Hat tip: Vodkapundit)
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