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by youeeeeeediot
2546 days ago
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According to OECD DAC statistics, since aid began in the 1960s donors have given a grand total of $502 billion to sub-Saharan Africa, which is worth about $866 billion in today's prices. Aid has only made things worse for Africa and the world as a whole. |
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I would say that FDR's observation applies as much to Africa or any other country as it does to America.
Not to say all aid it bad, but the world has been pretty indiscriminate in how it doles out aid to Africa and done a terrible job of observing second and third order effects and consequences that undermine the benefits of aid.