Wednesday, September 18, 2013

How Foreign Aid is hurting the developing countries

Sharing this snippet as I found myself agreeing with it wholeheartedly.

"I believe foreign aid is a huge mistake. I don't think it recognizes the sovereignty and responsibility of the peoples who are receiving aid. And all too often, it empowers those who are already most powerful in the developing countries and does not empower the poor who need to be empowered. Very often the problem is a problem of unequal power in the society. And you're not going to help that problem by making the powerful even more powerful, which is what it does. It gives them patronage. It gives them projects which they can control and manipulate. Which the taxpayers in western countries are funding out of the goodness of their hearts, but frankly, it's not doing any good."

--Graham Hancock, in this video:  https://www.youtube.com/watch?v=jMsiTEU6pnI

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