tag:blogger.com,1999:blog-8358039.post114235997861645455..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Give It Away, Give It Away, Give It Away Now!Captain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-8358039.post-1142470112278826892006-03-15T16:48:00.000-08:002006-03-15T16:48:00.000-08:00Giving a blank check to dictators and corrupt regi...Giving a blank check to dictators and corrupt regimes isn't Sach's solution either. <BR/><BR/>President Bush's Millenium Challenge Accounts do a good job of working with countries that work towards Democracy. However, congress has cut funding for those programs to almost nill. <BR/><BR/>But there ARE pro-Democratic, fairly uncorrupt governments who have famine, AIDS, and other problems to deal with. Sustainable development is necessary. Give the private sector a good enough boost that the people can actually save their money and invest it for the future. <BR/><BR/>Not doing anything (which is basically what giving 0.2% of GDP is doing) just creates a larger epidemic.JTapphttps://www.blogger.com/profile/17812390329612009756noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-1142462988244212632006-03-15T14:49:00.000-08:002006-03-15T14:49:00.000-08:00Poor countries tend to be poor because of governme...Poor countries tend to be poor because of government corruption.<BR/><BR/>Look at Mexico; enormous resources, and government corruption makes business and development almost impossible.<BR/><BR/>Mexico *depends* on the wages of illegal immigrants to the US. How long do you think the Mexican government would last without this "safety valve?" Maybe 15 minutes.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-1142462862052107432006-03-15T14:47:00.000-08:002006-03-15T14:47:00.000-08:00Not to mention that some African economists have s...Not to mention that some African economists have suggested that foreign aid needs to stop since all it does is enrich the cronies of the rulers and does nothing for the poor.<BR/><BR/>How long do you think Mugabe would last without foreign aid? Maybe thirty minutes?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-1142460292631411672006-03-15T14:04:00.000-08:002006-03-15T14:04:00.000-08:00Oh, no, I'm aware of Sach's work, I disagree with ...Oh, no, I'm aware of Sach's work, I disagree with it.<BR/><BR/>The only thing that will help these people is by leaving them alone and IF we intervene it is through FDI in the private sector.<BR/><BR/>Public aid is just a waste.Captain Capitalismhttps://www.blogger.com/profile/05620212946121617985noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-1142458195075856162006-03-15T13:29:00.000-08:002006-03-15T13:29:00.000-08:00Disagree with you on this one... as does the brill...Disagree with you on this one... as does the brilliant Jeffery Sachs. <BR/>0.2% of GDP is NOT a lot. And most of it doesn't even go to the right concentrations. Fact of the matter is that all the G8 countries (including Bush himself) have pledged to give 0.7% of GDP as part of the Millenium Development Goals. But, they're nowhere near it. <BR/><BR/>Read Sachs book for a better understanding of how that money could be put to use.JTapphttps://www.blogger.com/profile/17812390329612009756noreply@blogger.com