Posted on 05/29/2002 2:21:48 PM PDT by Angelique
In listening to Rush today, the discussion of Bono's enterprise to pressure the USA to give more financial aid to Africa was a topic. During the discussion, Ted Nugent called in to state that he spends six months in Africa teaching the citizenry about hunting. If you are not aware, Nugent is an accomplished bowhunter.
Who is providing the most assistance to the African people? I watched a special on the tele where the medical care was so atrocious that the African people die from something so curative here. Question to you: Why with all this aid do conditions remain the same? Why does this Continent remain so primeval? Who is helping the most to make a difference? Nugent or Bono?
Not exactly. The trip over there isn't Bono's idea. It is the idea of Bush's Treasury Secretary Paul O'Neill.
O'Neill, Bono, Tucker Visit Uganda
By Rodrique Ngowi
Associated Press Writer
Monday, May 27, 2002; 10:40 AM
[...]
The tour grew out of O'Neill's skepticism about the effectiveness of the billions of aid dollars Africa has received since the 1960s and Bono's determination to show him that aid can make a difference if properly administered.
[...]
O'Neill said the Bush administration has recommended to Congress an 18 percent increase in U.S. participation in the African Development Bank, an 18 percent increase in contributions to the International Development Association, the World Bank's soft-loan arm and a $5 billion a year increase in overall aid from the United States.
If O'Neill were really AGAINST something, he wouldn't have created a media circus to give the "opposition" global attention. If the Administration had reacted the same way to critics regarding 9/11 warnings, the media would have been taken on a tour of the FBI and CIA and White House archives and allowed to dig through whatever they wanted to "make their case" the way Bono is being allowed to make his case...
The Force can have a strong effect on the weak minded. Don't let Jedi wave their hands in front of your face. Or, when they do, question the stuff you find yourself "thinking"...
-- KotS
It is not just Governments that are corrupt and wasteful. many of the NGA/O are just as bad. Only the ones that receive no Nation aid seem to work efficiently.
About twenty years ago we shipped boat-loads of rice (one of their main staples) to Haiti to help eleviate hunger there. Of course when the rice got there, we had to find some way to distribute it. So we paid Haitian businessmen and paid bribes to the bureaucrats to allow the distribution. Of course much of the rice ended up on the black market. But we helped to feed a lot of hungry Haitians, right?
Unfortunately, the Haitians have there own rice industry, which was nearly devastated. With all the free and low cost rice available, small Haitian rice farmers could not pay their expenses, and were forced to sell their lands, to the rich businessmen that we had just paid to deliver the rice in the first place.
It's is very hard to ANYTHING to help these very poor countries without very careful study. And the more money is involved the more likely it is that there will be uniniended consequences.
These people who write on third world development are so friggin' stupid, they haven't learned anything in 50 years. They've been coming up with magical thoughts for 50 years on "development". State planning was the solution. Exports were the solution. Democracy was the solution. World Banks loans to governments were the solution. Aid is still the solution according to Bush and his latest scheme. Now, they pretend that "globalization" was the solution.
But they are blind. They write about ending poverty, without ever talking about property.
Poverty = lack of wealth
Wealth = property
Ending poverty = getting property in the hands of the poor.
D'oh!
Here's the way to go about it. I recommend to everyone to read this book, it'll open your eyes and immunize you against the type of nonsense in this article.
Click Here for page at Amazon.com.
The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else
by Hernando De Soto, Hernando De Soto
Our Price: $16.00
This item will be published in August 2002. You may order it now and we will ship it to you when it arrives.
See larger photo
Eligible for FREE Super Saver Shipping on orders of $99 or more. See details.
Paperback - 288 pages 1st edition (August 2002)
Basic Books; ISBN: 0465016154
In-Print Editions: Hardcover (1st)
Amazon.com Sales Rank: 23,363
Popular in: Latin America (#13) , Peru (#8) . See more
Editorial Reviews
Amazon.com
It's become clear by now the fall of the Berlin Wall and the collapse of communism in most places around the globe hasn't ushered in an unequivocal flowering of capitalism in the developing and postcommunist world. Western thinkers have blamed this on everything from these countries' lack of sellable assets to their inherently non-entrepreneurial "mindset." In this book, the renowned Peruvian economist and adviser to presidents and prime ministers Hernando de Soto proposes and argues another reason: it's not that poor, postcommunist countries don't have the assets to make capitalism flourish. As de Soto points out by way of example, in Egypt, the wealth the poor have accumulated is worth 55 times as much as the sum of all direct foreign investment ever recorded there, including that spent on building the Suez Canal and the Aswan Dam.
No, the real problem is that such countries have yet to establish and normalize the invisible network of laws that turns assets from "dead" into "liquid" capital. In the West, standardized laws allow us to mortgage a house to raise money for a new venture, permit the worth of a company to be broken up into so many publicly tradable stocks, and make it possible to govern and appraise property with agreed-upon rules that hold across neighborhoods, towns, or regions. This invisible infrastructure of "asset management"--so taken for granted in the West, even though it has only fully existed in the United States for the past 100 years--is the missing ingredient to success with capitalism, insists de Soto. But even though that link is primarily a legal one, he argues that the process of making it a normalized component of a society is more a political--or attitude-changing--challenge than anything else.
With a fleet of researchers, de Soto has sought out detailed evidence from struggling economies around the world to back up his claims. The result is a fascinating and solidly supported look at the one component that's holding much of the world back from developing healthy free markets. --Timothy Murphy --This text refers to the Hardcover edition.
From The Industry Standard
"An increasingly important economist provides a fascinating lesson in why capitalism works by looking at the places where it doesn't." --This text refers to the Hardcover edition.
That's more like it.
Time for me to don my asbestos underwear.
First, some caveats. I'm a hunter. I don't think animals have rights, and I don't think that animals should ever come before people. I think Ted Nugent is absolutely the MAN. I don't think much of Boner Pox...uh, Bono Vox, either as a singer or a demagogue. I think pouring money into corrupt African regimes is a disaster for everyone. I don't dispute that Boner is a fool, on this issue or any other.
However.
The "bush meat" trade is rapidly stripping the African continent of wild game. It won't be long before there aren't any animals to hunt, and after that, they won't come back. Hunting in America is well managed, but in Africa they are facing a classic Tragedy of the Commons. One way or another, it won't last.
I am not saying that the animals should come before the people. The issue is that hunting in Africa is a valuable thing FOR the people, and for that reason it shouldn't be spoiled. Not do the animals feed people, but it was once (and should be again) an important "export", generating dollars from "big game" tourists and "eco" tourists alike. That can potentially support many more people than bush meat.
This important resource should not be squandered. Ted Nugent is wrong to promote hunting in Africa right now. The Tragedy of the Commons needs to be fixed first, either by establishing owners for the animals, or by establishing rational limits on hunting.
If I want a loan, I must jump through hoops, and for the life of that loan I am accountable to how the money is expended, e.g., a home. You have really raised an excellent aspect to this discussion.
I understand your point, however if MR. Bono feels so guilty he should shuck over a few million of his own money.
The thing that has me livid is that he and his Socialist ilk seem to think that money grows on a tree in the United States. He either doesn't know or doesn't care that the US money tree is provided by taxpaying Americans. Never mind that they have mortgages, bills to pay and children to feed, clothe and educate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.