Does Foreign Aid Actually Work?

Does Foreign Aid Actually Work?


Let’s go next to our caller from the two five,
six area code. Who’s calling today from two five, six. Uh, Ian. Hey, what’s up? Can you hear me? Uh, fantastic. Uh, so a lot of time. First time pleasantries. Thank you. Thank you. Um, when I was in college, I went to a party
and there were some hippies there and they basically laid out the argument and the critique
that, uh, from, um, uh, confessions of an economic Hitman, you know, criticizing the
IMF and, um, how international loans foreign aid doesn’t actually do the thing that we
say that it does. But yes, I’m a chapels the eighties, and we’re
the good guys. And of course everything we do is fine. But like now, Oh no, that, that’s not true. And there are people like Richard Wolf, uh,
Nick Hannah, uh, Nick Hanauer with this record, economics, new economic thinking and all of,
uh, you know, the kind of pothole issues kind of boil down to what’s going on in your wallet. The economy’s stupid. So, um, and I just saw a thing tweeted this
morning about how, uh, MSNBC had this, um, kind of like infomercial almost about like,
Oh, right. We actually do kind of have these, uh, demo,
uh, social democratic policies incorporated in the United States. So I wonder, because you have a much wider
audience than I have and you’re communicating regularly, are, are you finding that the tide
is turning as you’re going from place to place, that the kind of standard narrative of like
Mirka F yeah. Like is it starting to change? Are you saying within the United States or
in other countries? Oh, I know it’s other countries. I’ve been to other countries before, like
they had like, what are you doing? What are you guys doing? Yeah. Um, the, the internal perception of, you know,
uh, USA ID and when we give food to Haiti, that it actually just collapses there, uh,
the farming economy and makes it difficult for them to, so like, I know that I’ve got
a degree in economics, like I see how this works, but when I tell people, Oh, I have
a degree in economics, it seems to like, um, increase the distance as opposed to narrow. Oh, I see what you’re saying. Here’s my view on this. So I do think that some of the, so what you’re
basically talking about is getting away from some of what has some of what has been the
conventional wisdom around how to support other countries and improve other countries
and foreign aid and so on and so forth. I do think that there are important alternative
voices now that are saying a lot of the things we thought made sense don’t make any sense. You know, if you go to a country where people
don’t have shoes and you just give them a bunch of free shoes that were manufactured in Malaysia for an American company and you go to someplace
in South America and give a community shoes, you’re not really bolstering their local economy
in the way that we thought. You’re not developing industry, you’re just
giving them a pair of shoes. And when that pair of shoes wears out, then
they’ll still not have a shoe industry and they’ll ha right. So, so we are getting a better understanding
of that. The one thing that is interesting about that
is that a lot of those analyses are often based on relatively uh, standard classical economic ideas. And that’s where sometimes people get a little
bit tripped up where we had the calculus wrong, but correcting the calculus is still based
within the universe of, of relatively standard economic thinking. So it’s not really as outside of the box as
someone might think to say, Hey, instead of sending shoes somewhere, let’s help them develop
a shoe wear industry, for example. That’s still too standard for some people. And so I think that yes, some of these ideas
are becoming more known, but these ideas, you know, you said a bunch of hippies told
you this. I don’t know that it’s actually hippy enough
to come to some of these realizations, if that makes sense. Well, that’s kind of what I was interested
in because who has been making those critiques in the past? They have not been, uh, culturally in terms
of the United States, they have not been incredible. But Richard Wolf has the academic credentials,
you know, Stanford and or, uh, and Harvard. They can an hour multimillionaire, um, and
the new economic thinking people very, very reasonable, very academically inclined. And the, I’m, I’m interested in not just a
foreign aid, but that’s my entry point into critiquing kind of neoliberalism or, or new
conservatism that the market fixes everything when in fact the market is, has been taken
over, yada, yada. Well, one of the best examples of getting
away from that kind of thinking is as more and more people realize that the healthcare
system is broken, they are realizing that the market can’t take care of everything and
some things need to be out of the market and out of the for profit sort of sort of status
quo. Um, and that’s a, that that’s, that’s a great
thing to be realizing. All right. Thank you so much for the call. I’ve got a bunch of people holding, so I am,
I, uh, I’m going to let you go, but I hope to hear from you again.

53 thoughts on “Does Foreign Aid Actually Work?

  • January 26, 2020 at 6:30 pm
    Permalink

    haircut david is so powerful

    Reply
  • January 26, 2020 at 6:30 pm
    Permalink

    What's up David! I'm the first one to see this cool video!

    Reply
  • January 26, 2020 at 6:32 pm
    Permalink

    I love your smile. 😍👍

    Reply
  • January 26, 2020 at 6:33 pm
    Permalink

    It helps if we don’t fucking hide the aid in warehouses. Puerto Rico deserves better, but hell, we can’t even get clean drinking water in our own states.

    Fuck the corrupted faux “free market” capitalism that has ravaged the country for decades.

    Reply
  • January 26, 2020 at 6:33 pm
    Permalink

    It doesn't. The government takes money and they keep it

    Reply
  • January 26, 2020 at 6:34 pm
    Permalink

    Fun fact: Most foreign aid to Africa ends up leaving the continent in the form of capital flight, making Africa a net creditor to the rest of the world when considering private accounts.

    Reply
  • January 26, 2020 at 6:38 pm
    Permalink

    “Does foreign aid actually work?”
    Hmm… NO!
    Just look at all the foreign aid the U.S. annually provides to Israel! You would figure with all the technology in military aid the U.S. has either sold or given or even Israel has stolen, conflicts in the Middle East, ISIS, etc., etc, the U.S. wouldn’t find itself embroiled in such quagmires.

    Reply
  • January 26, 2020 at 6:39 pm
    Permalink

    anyone expecting anything real from this far left msnbc tool is a certifiable moran.

    Reply
  • January 26, 2020 at 6:43 pm
    Permalink

    Yes, but not when it's cash.

    Reply
  • January 26, 2020 at 6:43 pm
    Permalink

    Give a person a fish they eat it then they're hungry the next day teach a person to fish they eat and earn a living MAGA Make America Greatful Again resist

    Reply
  • January 26, 2020 at 6:44 pm
    Permalink

    The push is for urbanization and getting an industrial base. But it's done at the cost of food security. It creates a need for imported commodity crops while using their own land for exported crops.

    Reply
  • January 26, 2020 at 6:48 pm
    Permalink

    USAID is a clutch instead of actually helping anyone because the US requires other favours. Being indebted to the US is very dangerous

    Reply
  • January 26, 2020 at 6:49 pm
    Permalink

    The Maular Report completely exonerates Trump about as much as the Deposition incriminates Cosby. Just read both of them. Did he admit to Knocking anyone one out to have 😘 with them in their sleep? Or slip Quaaludes to women with out their knowledge?

    Reply
  • January 26, 2020 at 6:50 pm
    Permalink

    No. It doesn't work. Look at Puerto Rico and THAT was ours smh.

    Reply
  • January 26, 2020 at 6:51 pm
    Permalink

    If Joe Biden has nothing to hide he shouldn't have anything to worry about

    Reply
  • January 26, 2020 at 6:53 pm
    Permalink

    Forign Aid to Africa hurts farmers. Maybe send a clean water or irigation Channels

    Reply
  • January 26, 2020 at 6:59 pm
    Permalink

    you can send money (fiat freshly printed $) oversea as foreign aid and it cost you nothing. (Russian tries this using Trump.)

    The trouble is… will you send too much to too many countries they start spending the dollars between them sleeves, where as we want the dollars spent here in the USA.

    Reply
  • January 26, 2020 at 7:03 pm
    Permalink

    Isn't Forign Aid it self Medling. Aren't social movements from America changing the world changing political structures. Medling to n Forign politics even more directly then blogging on Facebook. Is the same people supporting and pushing the Metoo Movement. Being the same sources warning we can't trust what we read on social media . Themselves a case I point only information
    You agree with is Credible. . Isn't the fact you see more anti liberal men's rights .pro life conservative arguments on liberal videos arguments in the comment section . Prove social media is opposite of an Echo chamber

    Reply
  • January 26, 2020 at 7:04 pm
    Permalink

    Foreign aid is a tool that the usa uses to bribe governments so they can accept deals that affect the poor in other countries and screw them from theeir natural resources, and the money for "aid" is always kept by the richest in this countries.

    Reply
  • January 26, 2020 at 7:10 pm
    Permalink

    The question of the twenty first century; how do you actually create sustainable progress, what is the bridge to self sufficiency, autonomy, independence, life quality? One of my teachers at university said” education” so I decided to take on godchildren, two at the time, from all over the world, I hope it meant something….

    Reply
  • January 26, 2020 at 7:22 pm
    Permalink

    It's my idea that foreign aid was intended to kick start a culture so that it could advance to a more industrial state.
    But certain elements of the foreign aid/charity industry discovered a personal profit incentive to limit the effect of foreign aid. And since money motivates people toward authoritarian submission, any ethical controls to the aid industry have been removed.
    So, now, foreign aid is now a control mechanism toward authoritarian control and benefits only the controllers.
    In essence foreign aid is a money laundering scheme.

    Reply
  • January 26, 2020 at 7:34 pm
    Permalink

    it's crazy america has billions if not hundreds of billions of dollars a year to solve problem, but we are un able to solve poverty in america, which could literally be fixed with less then a billion dollars.

    Reply
  • January 26, 2020 at 7:46 pm
    Permalink

    No, it only feeds the status quo.

    Reply
  • January 26, 2020 at 7:50 pm
    Permalink

    As a Sierra Leonean – no it doesn't help. So no thanks

    Reply
  • January 26, 2020 at 7:53 pm
    Permalink

    Overall yes. If it's misused then people are held accountable or they may not get the aid again.

    Reply
  • January 26, 2020 at 8:05 pm
    Permalink

    No. It always end up in the wrong hands. Believe me.

    Reply
  • January 26, 2020 at 8:13 pm
    Permalink

    I'm always curious why people talk about economic systems, as if they are somehow divorced from the fact that they are just names economists give to the results of a political system that decides the distribution of wealth for its population. TrueDemocracyNow.org

    Reply
  • January 26, 2020 at 8:16 pm
    Permalink

    Yes it does. A good aid programme is far more effective and massively cheaper ( no comparrison in fact) than battalions of troops on the ground or an aircraft carrier on station. Every senior soldier knows this as does every diplomat and decent politician.

    Reply
  • January 26, 2020 at 8:20 pm
    Permalink

    Short Answer=No.

    Reply
  • January 26, 2020 at 8:25 pm
    Permalink

    Remove it and see what happens. Not recomended.

    Reply
  • January 26, 2020 at 8:30 pm
    Permalink

    No. It ends up embezzled by goons like Guaido's team.

    Reply
  • January 26, 2020 at 8:31 pm
    Permalink

    No it doesn’t. Their corrupted government keeps all the money (other countries not USA)

    Reply
  • January 26, 2020 at 8:57 pm
    Permalink

    it works for Trump.. its his bargaining tool..

    Reply
  • January 26, 2020 at 9:04 pm
    Permalink

    Capitalists: how do we fix these world problems with capitalism?

    Reply
  • January 26, 2020 at 9:45 pm
    Permalink

    No, aid only corrupts the recipient country. The recipient government gets hooked on the aid and makes them less dependent on their own people.

    Solution: fair trade with private sector individuals and companies within impoverished countries. To super-charge development transfer IP without strings and follow-up with fair trade. Make it illegal to abet capital flight. Encourage a high top marginal tax rate on income and lead by example in the developed world. Aggressively fight against banking secrecy.

    Reply
  • January 26, 2020 at 9:49 pm
    Permalink

    As we've seen with quid pro Joe Foriegn aid can be used to blackmail countries.
    Also it does not make sense for America that has 21 trillion in debt to go into more debt to give money to governments that are corrupt.

    Reply
  • January 26, 2020 at 10:10 pm
    Permalink

    Foreign aid subsidizes breeding in the third world which accelerates climate change.

    Reply
  • January 26, 2020 at 11:09 pm
    Permalink

    It’s a fundamental misunderstanding of foreign aid to believe the myth that its purpose is to help foreign populations when its actual purpose is to buy geopolitical influence abroad

    Reply
  • January 26, 2020 at 11:21 pm
    Permalink

    No

    Reply
  • January 26, 2020 at 11:32 pm
    Permalink

    No it did not work. Giving money to corrupt governments and hoping they will stop being corrupt is like pouring gas on an oil fire.

    Reply
  • January 26, 2020 at 11:38 pm
    Permalink

    Someone asked how we fix this problem with capitalism. You can’t because it’s not a capitalist vs socialist problem. The problem is the government of these poor nations are corrupt. Most countries that receive foreign aid are poor but have ver ineffective governments with too many rules that are meant to hinder corruption but end up helping create it for those who have money, especially with a Swiss bank account. The solution is to replace the governments with ones with basic rules and broad parameters. For example, Botswana tackles corruption by making it harder for corrupt politicians to stay in power while easier for everyday people to go to work, go to school, and get healthcare. The first president Seretse Khama also managed the use of the country’s diamond mines correctly so that industry boomed and the government could collect taxes directly without so much red tape.

    Again the problem is the government not the market. When the government is ineffective and corrupt, trying to solve the problem using the market within that system will achieve little. But be careful, overthrowing a corrupt government can often lead to an even more authoritarian regime or at worse total anarchy.

    Reply
  • January 26, 2020 at 11:57 pm
    Permalink

    no. it perpetuates reliance and a lot of those groups are CIA cutouts

    Reply
  • January 27, 2020 at 12:13 am
    Permalink

    It works great for kick backs. Just ask the Bidens

    Reply
  • January 27, 2020 at 12:26 am
    Permalink

    Lies. All lies . If private enterprise can't justify expenditure on infrastructure or services the American people dont need it. I think that's how it goes

    Reply
  • January 27, 2020 at 12:43 am
    Permalink

    What, you should teach people to fish instead of gifting fishes? Outstanding breakthrough in foreign aid strategy.

    Reply
  • January 27, 2020 at 12:50 am
    Permalink

    I'd be interested to get David's opinion on whether the US should be giving nearly $4billion/year to the Apartheid State of Israel.

    Reply
  • January 27, 2020 at 1:15 am
    Permalink

    There isn't a yes or no answer. Some programs are very effective, while others do very little or make things worse.

    Reply
  • January 27, 2020 at 2:22 am
    Permalink

    No foreign aid doesn't work… It's all corrupt political play, US Politicians like JOE BIDEN, the CLINTON'S get kick backs!! 😡😡😬😬😬

    Reply
  • January 27, 2020 at 4:54 am
    Permalink

    Foreign aid is just bribes to let greedy corporations exploit the natural resources of poor countries.

    Reply
  • January 27, 2020 at 7:41 am
    Permalink

    Foreign aid can be effective, but there are 2 problems: US corruption and onerous restrictions on the aid, and corruption of the governments of the countries receiving the aid. Small amounts of money in collaborative projects with local people really help long term. Disaster relief is also effective to save lives.

    Reply
  • January 27, 2020 at 8:03 am
    Permalink

    Foreign Aid Works!!!

    It accomplishes its intended purpose and that is to buy the cooperation of corrupt foreign leaders. We give foreign aid, and they permit corporations to exploit their resources unmolested whether it be mining, sweat shops, oil or growing friggin' bananas. Sometimes it's to permit the U.S. to have a military base in their country.

    Reply
  • January 27, 2020 at 8:17 pm
    Permalink

    Stop all foreign aid

    Reply
  • January 28, 2020 at 2:07 pm
    Permalink

    Medical aid has fuelled the population explosion in Africa and Asia.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *