Posted by
let_freedom_ring on Friday, July 07, 2006 11:54:49 AM
If you guys woke up this morning and went to Yahoo, you would have seen a big picture of bono asking a question on how to make poverty history. I love Bono and think he really means well but he is sadly mistaken on his quest to make poverty in Africa history. One of his major proposals is to reduce the African countries' debt along with increasing foreign aid. Talk about one of the best way to increase poverty in Africa. History (Welfare in America) has shown us making people dependent on handouts from others destroys there ability to be self-sufficient and productive. What makes him think continually increasing handouts to corrupt political leaders in Africa who are constantly involved in civil wars is going to solve poverty.
The only way to minimize poverty (you will never eliminate poverty... a wise man once said that the poor will always be with us...hmm I wonder who that would be) is to utilize the power of capitalism to create skilled jobs for the majority of Africans. For that to happen the corrupt governments must be toppled by there people and economic freedom must be set up by the new governments with the support of strong private property rights. Criminals need to be eliminated (either through detention or execution) so people can succeed with out there wealth being stolen. Freedom will truly unleash the entrepreneurial spirit and help people succeed and help minimize poverty. Bono's handouts will not help, getting rid of despots and letting freedom work is the only way to prosperity and out of poverty.