Posted on 01/24/2008 1:02:05 PM PST by bs9021
Foreign Aid Follies Part 1
by: Emmanuel Opati, January 24, 2008
To a lot of people foreign aid is a benevolent act and it should be upheld, while to others it is a waste of their tax dollars. But has foreign aid done more harm than good?...
“The unfortunate fact is that most African countries are poorer today than they were at the time of their independence from colonial powers,” says Fredrik Erixon, Chief Economist of Timbro, a Swedish think-tank.
C.K. Prahalad, author of Competing for the Future, says “there is an inherent paradox in the debate about poverty alleviation that escapes even the most sophisticated obsevers in the West. Consider the conventional thinking about China and India; they are seen as a threat to the West. The fear is not only about ‘exporting’ U.S. jobs but also about competing for resources such as oil and commodities.”...
John Perkins, author of Confessions of an Economic Hit Man, explains that as an Economic Hit Man, he was trained to “create situations where as many resources as possible flow into this country, to our corporations and our government.”...
Perkins explains that his job was “giving loans to other countries, huge loans, much bigger than they could possibly repay. One of the conditions of the loan, let’s say a billion to a country like Indonesia or Ecuador, and this country would then have to give 90% of that loan back to a U.S. company, or U.S. companies to build infrastruature. Those companies would then go in and build an electrical system or ports or highways and these would basically serve just a few of the wealthiest families in those countries.”
(Excerpt) Read more at campusreportonline.net ...
VR falls into the latter category...
The only measurement is, is it Constitutional.
I know of nowhere in our Constitution where it says: The king shall tax its citizens and give its treasure to foreign kings.
Enuf said.
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