Comments on: The Politics of Dependency http://the-classic-liberal.com/politics-dependency/ Old Right Libertarian & Conservative Politics, Economics, and Opinion Wed, 08 Feb 2012 05:17:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mother Africa http://the-classic-liberal.com/politics-dependency/comment-page-1/#comment-12596 Mother Africa Sun, 07 Mar 2010 07:34:18 +0000 http://the-classic-liberal.com/?p=32133#comment-12596 "...Aid not only crowds out local entrepreneurship, it makes governments lazy and deprives countries of the incentive to build effective institutions..." "...We can continue the endless cycle of need and dependency, or you can create jobs, develop indigenous capacity, and build a sustainable future..." great points! thanks very much for sharing. "...Aid not only crowds out local entrepreneurship, it makes governments lazy and deprives countries of the incentive to build effective institutions..." "...We can continue the endless cycle of need and dependency, or you can create jobs, develop indigenous capacity, and build a sustainable future..." great points! thanks very much for sharing.

]]> By: theCL http://the-classic-liberal.com/politics-dependency/comment-page-1/#comment-12592 theCL Sun, 07 Mar 2010 03:34:36 +0000 http://the-classic-liberal.com/?p=32133#comment-12592 Have you ever read one of Jim Rogers books about investing and his trips around the world? Invaluable books for multiple reasons, but you want to know where all that "aid" goes, he'll tell you ... to the crooked government and warlords. Have you ever read one of Jim Rogers books about investing and his trips around the world? Invaluable books for multiple reasons, but you want to know where all that "aid" goes, he'll tell you ... to the crooked government and warlords.

]]> By: chuck cross http://the-classic-liberal.com/politics-dependency/comment-page-1/#comment-12590 chuck cross Sun, 07 Mar 2010 03:01:57 +0000 http://the-classic-liberal.com/?p=32133#comment-12590 I recently read, I believe from a drudgereport link, that LIVEAID funds had obtained by Ethiopian warlords for guns. I donated to LIVEAID back in 2006/2007 through the "ONE" Organization, and I am regretting it even though it was a 1980's LIVE AID concert which raised funds that ultimately landed in the hands of warlords. Context: http://www.aolnews.com/world/article/live-aid-famine-cash-bought-guns-not-grain/19381649 Those who advocate a capitalist approach to Africa are right as far as what would be best for Africa. As for the Ms. Mohammed's desire to raise a Sub-Saharan African PE fund, I say, "Good Luck." I'm totally for capitalism in Africa, just not with my money. I've watched the struggles of my colleagues who have energy projects in Africa, and hear them lament about the absolutely corrupt nature of the government officials involved in that sector of the economy. These projects, financed with foreign capital, are providing jobs and building infrastructure for these listless nations, yet their bureaucrats' need to get their taste of profits, to the point of obstructing sales, is why many investors stay far away from sub-saharan Africa. I'm beginning to agree with the author James Jackson on the topic of Africa: http://www.takimag.com/blogs/article/why_africa_has_gone_to_hell/ Like the articles say, Africans need to be agents of their own destiny. There will come a time I believe in the not-so-distant future where we won't be able to piss away our wealth as we do now by supporting dependency abroad. It's tragic, but the world has always been filled with tragedy. Thinking we can bring the entire world to even the margin of our standard of living in the U.S. seems almost utopian. I recently read, I believe from a drudgereport link, that LIVEAID funds had obtained by Ethiopian warlords for guns. I donated to LIVEAID back in 2006/2007 through the "ONE" Organization, and I am regretting it even though it was a 1980's LIVE AID concert which raised funds that ultimately landed in the hands of warlords.

Context: http://www.aolnews.com/world/article/live-aid-famine-cash-bought-guns-not-grain/19381649

Those who advocate a capitalist approach to Africa are right as far as what would be best for Africa. As for the Ms. Mohammed's desire to raise a Sub-Saharan African PE fund, I say, "Good Luck."

I'm totally for capitalism in Africa, just not with my money. I've watched the struggles of my colleagues who have energy projects in Africa, and hear them lament about the absolutely corrupt nature of the government officials involved in that sector of the economy. These projects, financed with foreign capital, are providing jobs and building infrastructure for these listless nations, yet their bureaucrats' need to get their taste of profits, to the point of obstructing sales, is why many investors stay far away from sub-saharan Africa.

I'm beginning to agree with the author James Jackson on the topic of Africa: http://www.takimag.com/blogs/article/why_africa_has_gone_to_hell/

Like the articles say, Africans need to be agents of their own destiny. There will come a time I believe in the not-so-distant future where we won't be able to piss away our wealth as we do now by supporting dependency abroad. It's tragic, but the world has always been filled with tragedy. Thinking we can bring the entire world to even the margin of our standard of living in the U.S. seems almost utopian.

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