Ring of Conservative Sites Ring of Conservative Sites
JOIN!

[ Prev | Skip Prev | Prev 5 | List |
Rand | Next 5 | Skip Next | Next ]

Saturday, June 18, 2005

Bono Is Bad For Africa

So Bono, Sir Bob Geldof and Michael Jackson are trying to raise financial aid for the suffering of Africa through their Live8 concert. Noble cause and they will feel really good about themselves. And all of their help will do NOTHING for the recipients.

In a study reported by A World Connected, the futility of the aid provided by these rock stars result in no progress like such charity has done for the past 35 years.

Julian Morris, Executive Director of International Policy Network, said: “Rock star economists see the world through rose-tinted spectacles (both literally and figuratively in many cases). Their belief that aid will help the poor is misguided. The reality is that aid rewards failure and bolsters regimes that would otherwise have been thrown out.”

Swedish economist Fredrik Erixon, the reports's author, says:

“Countries are not poor because they lack roads, schools or health clinics. They lack these things because they are poor – and they are poor because they lack the institutions of the free society, which create the underlying conditions for economic development. Aid has it upside down.”

Foreign aid has the same results as in smaller scale human situations. Parents who support their spendthrift children with no strings attached do not wind up with independent productive adult children.

In African countries their leaders have either pilfered the public treasuries or pursued largely socialist programs that fail.

Kenya and Tanzania were both recipients of large amounts of aid from 1970-1996. Both countries pursued flawed economic policies, such as price controls, marketing boards and import substitution. Their extreme poverty was almost entirely due to those policies, and reforms have not been forthcoming in recent years because of entrenched economic interests.
By contrast, millions of the poorest people in the world live in China and India, whose economies are growing rapidly despite receiving trivial amounts of aid.


Recognizing the follow-through by the rock stars will be minimal, even short-term relief to feed the starving for a few days, may not occur given the our recent experience of tsunami relief (where tons of food has rotted on docks). The chance of success will be nil if any UN-types have any part in the process.

11 Comments:

At 8:35 AM, Blogger Teacher said...

Hello. Nice piece about Bono Is Bad For Africa. I have a music blog that I'm trying to get going myself - just looking for a little inspiration! All I seem to have done so far is declare my undying love for Radiohead, the Killers and a rather large article on Live 8. The live8 video is out today which should be fantastic. It's set to become the biggest selling DVD ever - not surprising really. Anyway, like I said, great blog and I'll be back again soon.

 
At 12:39 PM, Anonymous Independent School Entrance Examination said...

Hello neal phenes,

After reading your blog "Bono Is Bad For Africa", I believe you will find my site on exam and test study guides to be very helpful.

To give you an idea of our wide range, some of the recent searches that found our site included ... praxis 1 test study guides, massage national exam study guide, study guide for the casac exam, psb test study guide, national exam massage therapy study guide, michigan mechanics test study guides and study guides for the cpa exam, praxis test study guides, massage exam study guide, national police officer selection test study guide.
We have hundreds of study prep guides and aids to help you ace your exams without weeks and months of endless studying.

Kind Regards
Emily

 
At 12:39 PM, Anonymous IBLCE said...

Hello neal phenes,

After reading your blog "Bono Is Bad For Africa", I believe you will find my site on exam and test study guides to be very helpful.

To give you an idea of our wide range, some of the recent searches that found our site included ... praxis 1 test study guides, massage national exam study guide, study guide for the casac exam, psb test study guide, national exam massage therapy study guide, michigan mechanics test study guides and study guides for the cpa exam, praxis test study guides, massage exam study guide, national police officer selection test study guide.
We have hundreds of study prep guides and aids to help you ace your exams without weeks and months of endless studying.

Kind Regards
Emily

 
At 3:46 PM, Blogger Car Insurance Center said...

Hey, you have a great blog here! I'm definitely going to bookmark you!

I have a auto insurance quote site/blog. It pretty much covers auto insurance quote related stuff.

Come and check it out if you get time :-)

 
At 12:07 AM, Blogger Joe Berenguer said...

I was searching blogs,and I found your site.Please,
accept my congratulations for your excellent work!
If you have a moment, please visit my site:
venturer portable dvd
It pretty much covers venturer portable dvd related issues.
Have a good day!

 
At 5:20 PM, Blogger randini said...

Irresistible blog. I look for blogs like this one
when time allows me to. I enjoyed the site and I'll
check it next time!
I hope you can look through my wy wyoming house cleaning blog.

 
At 1:10 PM, Blogger answer-man said...

Hi, enjoyed your blog and introducing ourselves to the community. We have a nice blog survey we are sharing and has great interest. **www.BibleMediaDvd.Com** Drop on by it's an interesting article. Have a great day. I saved your blog hope you don't mind.

 
At 12:46 PM, Blogger answer-man said...

Just dropped in to read your blog. We are reading what others have to say and are introducing ourselves as well. We are intoducing The new Holy Bibles King James Versions and New Living Translations and especially The New Children's Bibles on DVD and invite you to stop by and visit us at: **BibleMediaDvd.Com**

We hope you don't mind our comment on your site and do so repectfully.
Thank you and God Bless.

 
At 4:01 AM, Anonymous Anonymous said...

Looking for information and found it at this great site... black lips pussy asians Boinaire humidifier

 
At 7:08 AM, Anonymous Anonymous said...

Where did you find it? Interesting read benefits and drawbacks of computers Job trading forex 1999 chevrolet suburban accessories lolo ferrari Bmw keyless entry prototyp Expert debt relief Code dvd free player Amd cpu model speed Football bets h Scooter peugeot zenith blackberry 7250 downloads ferrari toronto Tennis soccer digital camera

 
At 5:12 PM, Anonymous Anonymous said...

Very cool design! Useful information. Go on! » »

 

Post a Comment

<< Home

Ring of Conservative Sites Ring of Conservative Sites
JOIN!

[ Prev | Skip Prev | Prev 5 | List |
Rand | Next 5 | Skip Next | Next ]