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Friday, July 08, 2005

Africans Understand Better Than the G8

BBC News, believe it or not, puts the lie to the sentimental nonsense of Galstonbury and Gleneagles. 

Bob Geldof and Bono should consult the African nations they presume to represent.  Nigeria and South Africa, two of the largest African nations, don’t agree with them that poverty can be eliminated by socialism’s simplistic prescription for redistribution of property, in this case via increased foreign-aid handouts. 

Nigerians can see the emptiness of merely handing out more money for corrupt “leaders” to pocket.  Even South Africa, transformed into a socialist enclave by Nelson Mandela, recognizes that trade liberalization is more important than foreign aid funds.