Wednesday, January 21, 2015

A Quote Of The Day



Thomas Bauer born in Hungary and a doubting ' Thomas' on the value of Foreign Aid as a means of improving the lot of impoverished millions. He moved to Great Britain and ended up professor of economics at the LSE. He must have been a voice in the wilderness there.

"Foreign aid is where the poor people in rich countries give money to rich people in poor countries"

Bauer proposed that development was a centuries traversing growth that was severely challenged when well intentioned politicians handed cash to leaders of tin pot little fiefdoms with no history of fairness and democracy, whose first aim was self enrichment and then used the financial donations as a  means for those now wealthy leaders to preserve their power and domination of the poor who ended up worse off for the experience.

1 comment:

Adolf Fiinkensein said...

Latest example being Rudd's bribes to PNG's PM to get his now failed Manus Island deal on the books before the last election.