I am so prod of you that is the only way to teach to African leaders, buy stopping the drug and helping them to work hand to hand with their own people. Thank for that Moyo. Again African problem have to be solved by Africans. because we know who the problem is created.
I have to disagree about the Marshall aid given to Europe as a success. I would disagree. The aid to Europe, kick started their socialist way of thinking that "someone will bail us out" with no strings attached. Look where Europe is today, they are still looking for a bailout. "If you get in trouble, someone or something owes you and should take care of you" "Welcome Big Brother" Government, screws everything up locally, so why do we think we they will do better abroad?
@MrLibertyHugger America is the child of Europe. The parents still control and run its child. Spare me the bail out crap. Europe is the one who invested into America not the other way around. People really think America has been separated from Europe but that's never been a reality. The western European government and companies have never left controlling things in America.
Africans can redeem control over their land and resources by accumulating and ministering capital, organize industry catering to under-served [low -income i.e the global majority] markets by way of commercial enterprise in the form of :
Social Enterprise --(Social Programs that are turn into businesses)
Small and Medium Enterprise -- (Businesses that use a franchise model)
She's simply explaining how market's work and how capitalism works. Aid is a form of socialism and socialism just doesn't work if you're looking to unleash human potential. I'm African-African and I've seen the devastation that "welfare" has done to poor blacks, whites, and latinos. This is just the way things work. Thankfully my grandparents were not poor when welfare programs exploded.
I Don't Think the Suggestion to Expel Geldof, Bono & Others is Cold or Callous. Charity Alone Will Not Help Build Sustainable Economies, Business Opportunities and Job Creation Will. It's a Very Rational Argument.
Some aid is clearly counterproductive, can create a dependency culture but more important issues are highly counterproductive international policies, Western tariffs/protectionist policies, the historical imbalance in trade/power, Western support of tyrants in developing, colonial legacy, the devil is in the detail while those depending on some form of aid for survival need structured, proven alternatives before aid should be ceased, which i think would be a very drastic thing to do.
African countries have become their own worse enemy with this environment of moral hazard they operate in. However, many of these Chinese "investments" come with many "strings attached." In the Bahamas, the Chinese agreed to build a new national stadium as long as among other things, the Bahamian Govt allowed 5k chinese workers to come in and perform most of the work that Bahamians were more than qualified to do. With an unemployment rate of 19%, this seemed like an unreasonable concession!
@BlacksAreBeautiful For countries who have taken any World Bank loans are required to follow WTO guidelines. World Trade Organization established policies that stated "developing nations" had to open their doors to labor and goods. Happens ALL OVER THE WORLD....smh...
I'm black, and I am a Democrat. It pains me to say it. But, she has great points. I don't know if ALL AID should be stopped. However, the manner in which aid is given is not working.
Africans need to step up and quit being treated like children. Blacks are not as dumb as they act. Too few people in Africa dominate the masses.
This has really opened up my eyes. I liked the way she explained this--precise and straight to the point. I'm definitely going to buy her book. She makes so much sense.
One of the smartest women on the planet! Wake 'em up, Dambisa...blindly giving is easier then thinking.
“Give a hungry men a fish and he will fill his stomach for a day, teach a hungry men to fish and he will fill his stomach for the rest of his life!” (BP may change this old Chinese proverb.)
Argues we shouldn't generalise, but then all the recommendations are generalisations. For instance, Horn of Africa, specifically Kenya receives aid for security reasons to strength the central state against perceived instability (Islamic fundamentalism etc...). Her argument is great, but too NORMATIVE, it seems really devoid of the politics of development. Development isn't just some moral imperative, it's wrapped up in foreign policy too.
Opps...she is just one more 'bull head' African who want to be 'savior' while heralding catastrophe for Africa. Lady Dambisa, We need Trade & need aid to help us stay alive till we are able to do by the pseudo-globalized fair trade. We dont need someone who fled her home nation for US and UK & advocate aid cut. You have no real contact with the ground in Africa at all. The highlight of her stupidity lies when she praises the Eritrean gov't refusal for aid while 70% of the people are in hunger.
Very Interesting thesis. Unfortunately giving work to a farmer in Tanzania isn't as exciting as a rock concert. But the successes of rwanda might turn a few heads and be the proof in the pudding.
She's absolutely right, they don't need HIV-aids drugs, they need an HIV-aids drugs factory that will employ Africans to produce the medicine they need. Like the rest of the world does. That is a sustainable economy.
@GaiusIuliusTaberna Yes they do need that but they do not have the technology or knowhow to make these drugs therefor they need an education which they can't get without money, its a cycle that needs to be broken but can not be fixed by one simple factory being added to the country.
This interviewer..a little overbearing..takes away from the interview.
wheatcandle 3 months ago
I am so prod of you that is the only way to teach to African leaders, buy stopping the drug and helping them to work hand to hand with their own people. Thank for that Moyo. Again African problem have to be solved by Africans. because we know who the problem is created.
sarage09 3 months ago
i've watched this like 4 times...
OnYourMarkItsumo 4 months ago
I have to disagree about the Marshall aid given to Europe as a success. I would disagree. The aid to Europe, kick started their socialist way of thinking that "someone will bail us out" with no strings attached. Look where Europe is today, they are still looking for a bailout. "If you get in trouble, someone or something owes you and should take care of you" "Welcome Big Brother" Government, screws everything up locally, so why do we think we they will do better abroad?
MrLibertyHugger 6 months ago
@MrLibertyHugger America is the child of Europe. The parents still control and run its child. Spare me the bail out crap. Europe is the one who invested into America not the other way around. People really think America has been separated from Europe but that's never been a reality. The western European government and companies have never left controlling things in America.
arronnov 5 months ago
The money hasn't helped because the disaster of Africa isn't a question of money.
Jitpring 7 months ago
Africans can redeem control over their land and resources by accumulating and ministering capital, organize industry catering to under-served [low -income i.e the global majority] markets by way of commercial enterprise in the form of :
Social Enterprise --(Social Programs that are turn into businesses)
Small and Medium Enterprise -- (Businesses that use a franchise model)
Co-operative Corporation -- ( Integrates: credit unions, worker co-op and R&D)
In this way Africans can be self-reliant.
charbonelle 8 months ago
She's simply explaining how market's work and how capitalism works. Aid is a form of socialism and socialism just doesn't work if you're looking to unleash human potential. I'm African-African and I've seen the devastation that "welfare" has done to poor blacks, whites, and latinos. This is just the way things work. Thankfully my grandparents were not poor when welfare programs exploded.
mxzyspitlik 9 months ago
I Don't Think the Suggestion to Expel Geldof, Bono & Others is Cold or Callous. Charity Alone Will Not Help Build Sustainable Economies, Business Opportunities and Job Creation Will. It's a Very Rational Argument.
moorishbelle 9 months ago
This is a Much Better Interview than CSPAN's Q&A.
Thanks for Post!
moorishbelle 9 months ago
One clever woman.
muslimsgotohell 10 months ago
Some aid is clearly counterproductive, can create a dependency culture but more important issues are highly counterproductive international policies, Western tariffs/protectionist policies, the historical imbalance in trade/power, Western support of tyrants in developing, colonial legacy, the devil is in the detail while those depending on some form of aid for survival need structured, proven alternatives before aid should be ceased, which i think would be a very drastic thing to do.
corcaighrebel 11 months ago
African countries have become their own worse enemy with this environment of moral hazard they operate in. However, many of these Chinese "investments" come with many "strings attached." In the Bahamas, the Chinese agreed to build a new national stadium as long as among other things, the Bahamian Govt allowed 5k chinese workers to come in and perform most of the work that Bahamians were more than qualified to do. With an unemployment rate of 19%, this seemed like an unreasonable concession!
BlacksAreBeautiful 1 year ago
@BlacksAreBeautiful For countries who have taken any World Bank loans are required to follow WTO guidelines. World Trade Organization established policies that stated "developing nations" had to open their doors to labor and goods. Happens ALL OVER THE WORLD....smh...
bfree2live 10 months ago
in italianooooooo pleaseeeeeeee
1478963MONA 1 year ago
I really want to see a video of her commenting on the US economy on Youtube.
43findnemo 1 year ago
Dambisa Moyo, Thank you! you are the Truth! am with you my sista!
msanifu 1 year ago
I'm black, and I am a Democrat. It pains me to say it. But, she has great points. I don't know if ALL AID should be stopped. However, the manner in which aid is given is not working.
Africans need to step up and quit being treated like children. Blacks are not as dumb as they act. Too few people in Africa dominate the masses.
DoughJames 1 year ago
@DoughJames The fact that it pains you to admit she has good points is why you vote Democrat.
syghur 1 year ago
This has really opened up my eyes. I liked the way she explained this--precise and straight to the point. I'm definitely going to buy her book. She makes so much sense.
KMTDoll 1 year ago
One of the smartest women on the planet! Wake 'em up, Dambisa...blindly giving is easier then thinking.
“Give a hungry men a fish and he will fill his stomach for a day, teach a hungry men to fish and he will fill his stomach for the rest of his life!” (BP may change this old Chinese proverb.)
PatrickBoening 1 year ago
Less BONO
More MOYO
promisedeyes 1 year ago
She is right we really need to stop begging for aid and do things for ourselves
serfj 1 year ago
Argues we shouldn't generalise, but then all the recommendations are generalisations. For instance, Horn of Africa, specifically Kenya receives aid for security reasons to strength the central state against perceived instability (Islamic fundamentalism etc...). Her argument is great, but too NORMATIVE, it seems really devoid of the politics of development. Development isn't just some moral imperative, it's wrapped up in foreign policy too.
sucklingc 1 year ago
Opps...she is just one more 'bull head' African who want to be 'savior' while heralding catastrophe for Africa. Lady Dambisa, We need Trade & need aid to help us stay alive till we are able to do by the pseudo-globalized fair trade. We dont need someone who fled her home nation for US and UK & advocate aid cut. You have no real contact with the ground in Africa at all. The highlight of her stupidity lies when she praises the Eritrean gov't refusal for aid while 70% of the people are in hunger.
kapacokapaco 1 year ago
Great interview, both the host and guest.
Technological aid not financial aid: Release important technologies openly industry will grow naturally.
PyramidScamEconomics 2 years ago
33:35.
rottencom 2 years ago
Awesome!
rottencom 2 years ago
Very Interesting thesis. Unfortunately giving work to a farmer in Tanzania isn't as exciting as a rock concert. But the successes of rwanda might turn a few heads and be the proof in the pudding.
blangus 2 years ago
She's absolutely right, they don't need HIV-aids drugs, they need an HIV-aids drugs factory that will employ Africans to produce the medicine they need. Like the rest of the world does. That is a sustainable economy.
GaiusIuliusTaberna 2 years ago
@GaiusIuliusTaberna . yeah, that makes sense.
43findnemo 1 year ago
@GaiusIuliusTaberna Yes they do need that but they do not have the technology or knowhow to make these drugs therefor they need an education which they can't get without money, its a cycle that needs to be broken but can not be fixed by one simple factory being added to the country.
panasiantemptatioin7 1 year ago
Most people who oppose Miss Moyo do so from a position of ignorance.
Her argument isn't, "All aid is bad" but rather that untargeted, undirected aid that props up corrupt regimes is bad.
I found her talk to be very interesting and would love to hear a rebuttal from those advocating the status quo.
AngrySkeptic 2 years ago