The world has poured aid into post-colonial Africa. And Africa remains overwhelmingly poor.
Now, one young African economist is speaking up to say, “stop the aid.” No more concerts for Africa. No more heartfelt appeals.
Dambisa Moyo — from Zambia by way of Harvard, Oxford, and Goldman Sachs — says tough market discipline is what African nations need, not handouts. She argues that the more than $1 trillion in aid that’s gone to Africa has not helped the continent, but put it on life support. Stifled entrepreneurship. Fed corruption. Made Africa’s leaders beholden to the West.
She’s been on the road with her controversial message. The pushback has been loud and strong.
This hour, On Point: We’re debating aid for Africa, with Dambisa Moyo.
You can join the conversation. Could Bono be wrong? What about Dambisa Moyo? How do you see aid to Africa?
Joining us from London is Dambisa Moyo, economist and author of the new book “Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa.” She is former head of economic research and strategy for sub-Saharan Africa at Goldman Sachs and a former World Bank consultant.
From New York we’re joined by John McArthur, chief executive of the Millennium Promise, created to help achieve the United Nation’s eight Millennium Development goals, which include cutting global poverty in half by 2015. He oversees the Millennium Villages project, which helps more than 400,000 people in rural communities across 10 countries in Africa to become economically viable. He is also research associate at the Earth Institute at Columbia University, where he teaches at the School of International and Public Affairs.