Tuesday, July 12, 2005

A good advice

Read and learn:

African nations can become prosperous, but we are fooling ourselves if we pretend that rich countries can achieve that result through government-to-government wealth transfers. Modesty is missing in the debate. The hard work of economic development has always rested squarely in Africa. It is time for African governments to embrace economic freedom and for rich countries to stop discouraging them from doing so.
Facts, experience and logic all point to the same conclusion: Encourage Africans to embrace capitalism, dump socialism and build up a free market of protected private property rights and economic freedom. Aid, debt-relief and other such tools have never worked (except reversely compared to the intentions). We need no further proof. We really don't.

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