Loading...

Sunday, May 24, 2009

THE MYSTERY OF CAPITAL VIS-A-VIS DEAD AID

When Hernando de Soto of Peru wrote his book 'The Mystery of Capital: Why Capitalism Triumph in the West and Fails Everywhere Else', a couple of Africa's leaders including our then very own President Benjamin Mkapa invited him to speak to our politicians on how to put his ideas into practice. A number of activists and intelllectuals protested/critiqued his approach that resulted in the introduction of the Property and Business Formalization Program (PBFP/MKURABITA) then funded/aided by Norway. Now Dambisa Moyo of Zambia has written a book entitled 'Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa'. A couple of Africa's leaders including the rising anti-aid champion Paul Kagame have invited her to speak on how to put her ideas into practice. However, as the Financial Times' article on 'Opposition to anti-aid campaigners grows' notes, "activists are circulating detailed critiques of her ideas and mass mailing African non-government organisations to mobilise support against her." Follow that story which can be dubbed 'A Tale of Two Books' on how to make development work in/for Africa in the global context of the unholy trinity of 'Unsustainable Aid', 'Unequal Trade' and 'Unending Debt'!

1 comments:

Anonymous May 27, 2009 at 2:43 PM  

I read both book, and neither of them is practical.
The only book which make sense is The bottom billion or The white Man Burden.

The mystry of capital is pathetic, the data are strong manipulated. The dead aid is just another romantic novel. Tell me something which i don't know.

De soto talks about title, but he didn't talk about how long it took to establish the western financial center. He went on and talk about how those title of property can be used to uncoding the capital in bank. What he forget is like of good credit system proves that it doesn't matter if you have title or not.

Damisa Moyo brought a romantic story. She didn't mentioned how can this sorry governemnt avoid aid? She just played political zinger to win are buddies in Goldman Sachs

Mchumi wa Texas

Karibu kwenye ulingo wa kutafakari kuhusu tunapotoka,tulipo,tuendako na namna ambavyo tutafika huko tuendako/Welcome to a platform for reflecting on where we are coming from, where we are, where we are going and how we will get there

  © Blogger templates 'Neuronic' by Ourblogtemplates.com 2008

Back to TOP