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I will bet anyone that 20 years from now we will see that China's "greedy" investment in Africa has done more good than all the decades and $billions of "selfle
by jacoblyles 16y ago
I will bet anyone that 20 years from now we will see that China's "greedy" investment in Africa has done more good than all the decades and $billions of "selfless" western aid, both public and private.
And I also will bet that privatized school systems will perform better than public school bureaucracies that receive hundred million dollar gifts.
The invisible hand is puckish like that.
- bertil 16y agoI'll happily take that bet — but please check the local situation first. You remember the Oil spill in the Gulf of Mexico, and its impact on local business? There has been the same disaster, continuously for decades, thanks to oil extractions by “greedy” Shell. Somali pirates? They were fighting illegal radioactive dumps that contaminated their food, that were more “lean and efficient” to leave there rather then properly process. When locals are up in arms, the local economy rarely benefit. According to friends who worked for the UN or US Aid, there is far worst to come, thanks to Chinese company.
- jokermatt999 16y agohttp://www.longbets.org/ http://www.longbets.org/ Not that I'd go down as opposing, but it could also be a nice way to get this idea some attention/publicity. (And make some money in 20 years :)
- jhpriestley 16y agoHmm, could a free market approach to African development be what we were missing all along? If only we could come to some sort of consensus on that approach. We could call it the Washington consensus.