Berkeley CSUA MOTD:Entry 46886
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2025/05/25 [General] UID:1000 Activity:popular
5/25    

2007/6/7-10 [Politics/Foreign/Europe, Health/Disease/AIDS] UID:46886 Activity:moderate
6/7     "For God's Sake, Please Stop the Aid!" -Keynesian economist
        http://www.spiegel.de/international/spiegel/0,1518,363663,00.html
        \_ Sounds like instead of sending them a bunch of crap, what we
           need to do is actually buy stuff from them. Subsidize buying
           stuff from them instead of subsidizing our own farmers.
           And/or directly employ them to improve their own roads etc.
           Although buying food from them would be Bad. Hmm maybe he's
           right and we shouldn't do anything except maybe set up
           schools (the teaching industry is something they could
           take over later).
           \_ We should send them MS Office licenses.
              \_ Oh yeah they'll be lining up at the trucks for those!
           \_ The problem is that so many Africans are working in
              industries like farming. They need to industrialize. More
              investment in Africa would help. Your idea of building
              infrastructure is a good one. However, I think the West
              would rather give Africa its leftovers than cold hard cash.
              It's easy to donate your old bicycle and three pairs of dress
              shoes you never wear anymore. Doing more than giving our
              castoffs away would require real work on the part of the
              West *and* Africans.
              \_ Cash just vanishes into various higher ups bank accounts.
                 \_ I am not suggesting cash be given as a gift, but that
                    cash be invested rather than goods given.
                    \_ Investing in most african countries is silly unless
                       you are a huge company willing to spent a large amount
                       of money on protection and bribes.  And then you are
                       part of the problem.
                       \_ So you think that, say, Ford building a plant in
                          Africa is unthinkable? Why would you say that?
              \_ Maybe, instead of industrializing, they could simply skip
                 to the part where they have nothing but services and
                 financial industries like we do?
        \_ Take a look at http://kiva.org.  It's a microfinance site that enables
           people to chip in on making loans to people in third world
           countries.  The money goes from kiva to a local microfinance
           company to the borrower.                     --alawrenc
           \_ I've lent +$400 via Kiva, but it seems like a lot of their
              current businesses is moving toward just lower interest rate
              current businesses are moving toward just lower interest rate
              working capital rather than development capital. i.e. Instead
              of "I want to buy a new oven for my bakery so I can produce
              2n loves of bread" it's more like "I want to borrow $500 at
              10% instead at a higher interest locally, so when I sell the
              good for a 20% gain, I make a greater return ... then 6-12mos
              later, I'll do the exact same thing." Whereas the guy with the
              bigger bakery is now off and running with an expanded business.
              There used to be plenty of people looking for of small amount
              like $250 for soem kind of "tool"/means of production ...
              barber chair, seeds, revenue producing construction ... now a
              huge number are for higher amounts just to buy stock.
              \_ This is an interesting one:
                 http://tinyurl.com/2p7w5b
        \_ We could certainly do more in combatting AIDS and malaria, which
           would have lots of ancillary benefits, as well as improving the
           standard of living of millions of Africans. I am not so sure that
           cutting off all food aid to famine victims is the right answer, but
           it certainly should be controlled better, so that it does not all
           end up in the pocket of corrupt rulers.
2025/05/25 [General] UID:1000 Activity:popular
5/25    

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www.spiegel.de/international/spiegel/0,1518,363663,00.html
SPIEGEL INTERVIEW WITH AFRICAN ECONOMICS EXPERT "For God's Sake, Please Stop the Aid!" The Kenyan economics expert James Shikwati, 35, says that aid to Africa does more harm than good. The avid proponent of globalization spoke with SPIEGEL about the disastrous effects of Western development policy in Africa, corrupt rulers, and the tendency to overstate the AIDS problem. SPIEGEL: Mr Shikwati, the G8 summit at Gleneagles is about to beef up the development aid for Africa... The industrialized nations of the West want to eliminate hunger and poverty. Shikwati: Such intentions have been damaging our continent for the past 40 years. If the industrial nations really want to help the Africans, they should finally terminate this awful aid. The countries that have collected the most development aid are also the ones that are in the worst shape. Despite the billions that have poured in to Africa, the continent remains poor. 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Africa is always only portrayed as a continent of suffering, but most figures are vastly exaggerated. In the industrial nations, there's a sense that Africa would go under without development aid. But believe me, Africa existed before you Europeans came along. Sign up for Spiegel Online's daily newsletter and get the best of Der Spiegel's and Spiegel Online's international coverage in your In- Box everyday. Shikwati: If one were to believe all the horrorifying reports, then all Kenyans should actually be dead by now. But now, tests are being carried out everywhere, and it turns out that the figures were vastly exaggerated. Malaria is just as much of a problem, but people rarely talk about that. Shikwati: AIDS is big business, maybe Africa's biggest business. There's nothing else that can generate as much aid money as shocking figures on AIDS. AIDS is a political disease here, and we should be very skeptical. 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Zoom DPA Former Central African Republic leader Jean-Bedel Bokassa: "We ask the French for money. SPIEGEL: In the West, there are many compassionate citizens wanting to help Africa. Each year, they donate money and pack their old clothes into collection bags ... We can buy these donated clothes cheaply at our so-called Mitumba markets. There are Germans who spend a few dollars to get used Bayern Munich or Werder Bremen jerseys, in other words, clothes that that some German kids sent to Africa for a good cause. After buying these jerseys, they auction them off at Ebay and send them back to Germany -- for three times the price. No one in the low-wage world of Africa can be cost-efficient enough to keep pace with donated products. In 1997, 137,000 workers were employed in Nigeria's textile industry. The results are the same in all other areas where overwhelming helpfulness and fragile African markets collide. Click here to load our interactive African development aid map. 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tinyurl.com/2p7w5b -> www.kiva.org/app.php?page=businesses&action=about&id=11513
More about this Field Partner >> Saidmurodov Parda has been working in entrepreneurship activity already for 10 years. He sells poisons specific and rare kinds of poisons, besides industrial poisons. There are 5 children in his family, four of them at present live with him and as it is expected from a father he should create good conditions for his children to obtain education, and also develop their private life and create conditions for independent lives to build separate dwelling and so on. David Mutiso General Store, Kenya Raising Funds 30% raised Promote this business To promote this business, you can email a friend about it, or you can include a link on your website. If you would like to feature this business on your website, simply copy the HTML provided and paste it into your web page. Note: Once this loan is fully funded, another randomly selected business in need will be displayed.
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kiva.org
You, Too, Can Be a Banker to the Poor Nicholas Kristof of The New York Times visits his loan recipient: a baker in Kabul. Ruth Location: Oakland, CA United States Member Since: December 6, 2006 Occupation: rabbinical student I Loan Because: other people have helped me, in the past. I believe I have a duty to pass along that help, and to share my own good fortune. The loss of his first wife and two sons, who assisted him in taking care of the younger children, brought hardship to his life. She is proud of her business and promises to effectively use the above amount to expand her business above all is 56... One is still in secondary school but the rest are all working. He is a trained pastor with a local church (Deliverance Church of Kenya)....