Damned by Debt Relief
Uploader Comments (worldwrite)
Top Comments
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People don't know the history of this continent, how it was colonized, partitioned, and how its resources are being appropriated by corporations. The West has been sucking it dry and destroying it in the process since the 1800's.
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What's amazing is that China has been able to do in just a few years what the West hasn't done since 1960 (after more than $590 Billion of aid). What the West needs to do is end its hypocrytic criticism of China while they are setting up military bases like Africom, or tools like the World Bank and IMF that are classic failures with the Structural Adjustment Program (SAP) and HIPC. No More AID, we want INVESTMENT. Damn it
Video Responses
All Comments (65)
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boo hoo i weep NOT!!!
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Reinvest profits from mining and raw materials in agriculture, infrastructure and manufacturing, and building capacity (universal healthcare and education, education for farmers, civil servants and professionals), and Africa does not need 'donor aid' or any aid at all.
'Donor aid' is part of a shell game, where the wests receives Africa's raw materials free of charge (no taxes, no profit sharing) and returns a quarter of that money, with strings attached to keep the exploitation going.
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" Can someone tell me please? "
Sure - to keep their raw materials flowing to the West.
Africa exports 1 trillion in raw materials every year (gold, diamonds, platinum, oil, etc.) and receives 1/4 trillion in 'donor aid' every year.
This goes to corrupt local elites and running huge gvt bureaucracies, so they will not nationalize their mines or redistribute land to their own people.
That is why the west is rich, and African people are poor.
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We don't owe them "aid". We owe them compensation damn it.
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I appreciate this video so much. Frank and direct about the problems with governmental approaches to poverty reduction. There is a great approach to help but it takes going there, and INVESTING, EMPOWERING, and CULTIVATING basic business creation. The governments are influenced by academics and they do great research, but business creation must be done by business people. That's what we do, and it works very powerfully. These guys are rightfully angry. Most "aid" money is wasted.
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Loans are granted to Pakistan but are not monitored/audited to see the completion of the project they are sanctioned for. Pakistani ruling class & govt departments eventually eat up the entire sum. Are these loans granted to promote hypocrisy, gradually leading to fake inflation, injustice & poverty? The end result nowadays is reaction in the form of suicide bombing & destruction due to the problems mentioned. Kalabagh Dam & many projects are just a dream due to this attitude of IMF & World Bank
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Why is the west wasting money on projects which do not reduce poverty in Africa. Can someone tell me please?
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For goodness sake please give Africans the credit that they know what is best for themselves. Stop this belief that decisons which are made in the western board room are best for Africa. What is wrong with researching the needs of people and fulfilling those particular needs. Please stop this pretence.
Unfortunatlt Trakaton your death wish echoes the anti-human sentiments which leave people in the developing world suffering the sustainababble, anti consumerist, anti progress ideas which are the real obstacle these days to people having what we have in the West and a decent life the world over.
worldwrite 4 years ago