Sunday, March 31, 2013
Foreign Aid: A noble act of non-creative destruction
While the idea of providing monetary and financial incentives to facilitate the economic growth of undeveloped regions seems noble, there are distinct fallacies and unplanned destructive effects from that proposal.
Many Africans regard governmental aid as a means of promoting cultural erosion through enforced programs, as well as an underhanded means of unscrupulous conditional exchange for the sovereign natural resource wealth of recipient countries.
Therefore, the issue of providing aid should not be a governmental or politically manipulative. Instead, aid should be an exclusive private affair through philanthropic efforts
Read more: http://communities.washingtontimes.com/neighborhood/liberating-africa-
Posted by moderator at 8:46 PM