Hacker News new | ask | show | jobs
by mnm1 2892 days ago
Giving aid to counties essentially guts the local economy. Local businesses cannot compete and therefore the local economy never develops. The people become entirely dependent on outside help even when otherwise they would develop their own economy and self-sustaining systems. When you take that aid away, there is famine and death. Foreign aid is one of the biggest causes of poverty currently but slowly people are starting to realize that giving aid and gutting local economies is much worse than not giving at all. There is an excellent documentary on this on Netflix I think but the name escapes me right now. I think they even convince Bono that what he is doing is causing more harm than good (giving fish rather than teaching how to fish). It definitely is.