MUST READ: Greed vs. Giving: Trickle Down Charity Is a Recipe for Real Long Term Success.

From Flopping Aces Reader, Vince.

“Food is one of the most brutal forms of aid. Many countries receive aid in the form of American agricultural products. The result of these gifts is that, as local farmers cannot compete with free food, their farms fail, and any chance of self sustainability vanishes. It’s the whole notion of “Give a man a fish, feed him for a day… Teach a man to fish, feed him for a lifetime.” In the case of Africa the world’s aid (and food is only part of that problem) is destroying the capacity of the recipients to become self sustaining, resulting in a vicious circle of aid, corruption and poverty.”

Read the entire commentary here: http://floppingaces.net/2011/12/27/greed-vs-giving-trickle-down-charity-is-a-recipe-for-real-long-term-success-reader-post/

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Posted on January 2, 2012, in Economic Philosophy and tagged . Bookmark the permalink. Leave a comment.

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