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Foreign aid seems noble, but there are distinct fallacies and unplanned destructive effects from that proposal.
“Poor people in poor countries are poor because they have low incomes; they have low incomes because they produce very little value; they produce very little value because they are restricted from doing so by kleptocractic, corrupt, tyrannical, and destructive governments, most of which have been (and I add, still are) recipients of huge sums of foreign aid” – Tom Palmer, Senior Fellow CATO Institute
While the idea of providing monetary and financial …
Foreign aid seems noble, but there are distinct fallacies and unplanned destructive effects from that proposal.
“Poor people in poor countries are poor because they have low incomes; they have low incomes because they produce very little value; they produce very little value because they are restricted from doing so by kleptocractic, corrupt, tyrannical, and destructive governments, most of which have been (and I add, still are) recipients of huge sums of foreign aid” – Tom Palmer, Senior Fellow CATO Institute
While the idea of providing monetary and financial …
Tom Palmer (Dr.) as known to many young libertarians represents an iconic figure of the ideal libertarian mentor. From tireless trips around the world in the advocacy of the ideals of freedom to a charismatic personality with a complementing mixture of academic, passion and humorous inferences, a meeting with someone in the frame of Tom Palmer presents a potent renewal and belief in the future of liberty.
In a recent talk marking the beginning of the second day in the ongoing European Students For Liberty Conference being held in …
Redefining Philanthropy: Liberating African Infants from Mortality with the Children’s Prize Million Dollar Initiative
The multi-dimensional effect of lack of development and poverty on Africa and Africans engulfs not only the adult in terms of economic depravity, or the younger generation which makes the most of the African population, through faded possibilities of realizing their life ambitions, but also very importantly and under-discussed is the prevalence of these effects on young infants through child mortality.
Infant mortality around the world is indeed a cause for concern, but more relevantly …
Born in an environment of great prospects, huge resources, invaluable intellectuals and an ever-hopeful energetic citizenry; it is safe to admit Africa as a continent has been a failure. The reasons while not far-fetched, are unfortunately, also preventable.
In a continent of many dreams, but little to non-accomplishments, it would have been expected to express a hope of a light at the end of a dark tunnel for the black continent.
However, as many admit, all hope is not lost though in the midst of failed generations, non-productive …
A friend of mine recently asked me if I ever had a reason to question my convictions on free markets being ideal for the attainment of economic prosperity. Not only have I been able to speak on this issue while addressing several hundreds of college students in college campuses and diverse youth gatherings in Nigeria, my daily engagements have likewise been defined by these principles.
This question however, presents a refreshing moment of reflection on the practical workability, result-oriented and proven testimonials of free market-associated growth and development. And this …
The Nigerian House of Representatives rose from its recent sessions mandating its Committee on Foreign Affairs to intervene and investigate foreign embassies in Nigeria, regarding their treatment of the country’s visa applicants. They allegedly arrived at this decision after unanimously adopting a motion by one of its member entitled “Poor treatment of Nigerian Visa Applicants by Foreign Embassies in Nigeria.”
What the lawmakers did not take into consideration however is their own failure of getting their priorities right, and hence, falling victim of a proverbial idiom that reminds us …
There are immense benefits accruable to citizens, friends and visitors of a developed region. The development in question could be identifiable in bringing about love, peace, friendship and harmony, prosperity and progress. Sadly though, and unlike many people seem to think of… the actualization of this development is not restricted to the State ability, but expanded to diverse spontaneous effects of institutions such as the market. Like an esteemed colleague succinctly puts it, “One of the most perplexing problems of the ages seems to have been that of finding …
“The man who knows what freedom means will find a way to be free.”
-F.A. “Baldy” Harper
An important step towards defeating tyranny lies in understanding tyranny and its accompanying elements. This step is clearly easier when dealing with a tyrannical dictator or authoritarian whose everyday direct actions depict a one man show, in the form of the leader.
However, when the process of identifying tyranny becomes a mirage in confusing or disguising shadows, the process of defeating such becomes complicated, and may eventually take a longer time to …
A young American friend of mine once narrated how horrible she feels about having access to enough food to fill her stomach and even more if she feels like calling sick from work due to uneasiness from a bloated stomach, and yet, living with the reality that millions of people die of hunger in several parts of Africa.
In a similar trend, I have observed that most humanitarian organizations (to their result-oriented credit) publicized the importance and relevance of their work through efforts in parts of Africa, and most …
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