Saturday, December 31, 2005

Immature ex communist

brusselsjournal comment reply

to be verify in feb 2006

Aid – and the control of its uses – is most effective if it is not channeled through government. What is needed is difficult – but not impossible – to transfer.

Know-how needs to be transmitted as that is the key of the door to prosperity. About forty years ago, my uncle, who as a CEO lived in an underdeveloped country in Latin America, phrased the point this way: if you want to help a shoe-maker in a jungle village you should order sandals for a hundred dollars. If you wish to ruin the guy you should just hand him the dough.

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