Friday, October 19, 2007

About Africa

What will it take to “solve” the problem of Africa?

Our historical answer to this questions has had two major thrusts. First, we colonised Africa and exploited it, making one or two African’s wealthy, but essentially enslaving many in the service of the few. Second, we flooded the continent with aid. Neither of these strategies appear to work.

Currently we are continuing a twofold strategy – aid and peacekeeping, with a sideline on corruption extinction. This is also not working.

The real strategy is to promote wealth. Not wealth of the few – but the development of free and effective markets with focused investment and a strong investment in education, research and infrastructure,

The basic solution is capitalism, not socialism. Get used to it.

If this is of interest to you, I recommend you look at this video:

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