The GOOD 100: Dambisa Moyo The GOOD 100: Dambisa Moyo
The GOOD 100: Dambisa Moyo
We love to take care of Africa. But does Africa need taking care of?Since 1960, Africa has received more than $1 trillion in foreign aid, and by many measures, its people aren't better off. Of course, if an old white man were to argue that perhaps that trillion has done more harm than good, it would be easy to write off his opinion. To hear that same opinion from the mouth of Dambisa Moyo, however, casts it in a whole different light.Moyo, the author of Dead Aid, was born in Zambia, educated at Harvard and Oxford, and has worked at the World Bank and Goldman Sachs. So when she says that there are better solutions to African poverty than simply throwing money at it, it's worth listening to her."Let's get real," she says. "If a company had 60 years with the record of performance that aid to Africa has had, the company would have been shut down."Dead Aid offers a prescription for African development that doesn't involve giving away money, but instead proposes a capitalistic approach to enable African nations to tap into the financial markets to their own benefit. By receiving and slowly improving credit ratings and by issuing bonds, while encouraging foreign investment, Moyo argues, African nations can free themselves from a damaged system and grow using the same paradigm that works for developed nations. It's not as far off as you might think: There are 19 African stock markets, and 16 countries have credit ratings. "You never hear that story," says Moyo. "All you hear is bad news."For a fairly dense treatise on economic policy, Moyo's book has received a surprising amount of attention. Rwanda's president, Paul Kagame, praised Moyo's arguments in an op-ed for the Financial Times; Jeffrey Sachs, a tireless advocate of U.S. aid to Africa, denounced them, accusing Moyo of accepting the equivalent of aid in scholarships to attend Harvard and Oxford, and noting that Kagame's country still depends largely on aid.Moyo isn't deterred. "Unfortunately, people like Jeffrey Sachs, their response was kind of disappointing, because there is definitely a debate to be had. To outright dismiss [the book] as a crazy argument seems rather silly," she says.Measuring the efficacy of aid is tricky, and it's indeed possible that aid is "working," but the system surely isn't working perfectly. Having a discussion about improving it can only help. And having a native African as a prominent part of the discussion is refreshing, to say the least, especially as a check to the elements of paternalism and colonialism that can insidiously slip into the discussion."I never thought I would be quoting George Bush, but he said that we need to be careful of the soft bigotry of low expectations," Moyo says. "The world is sleepwalking through the problems that are afflicting Africa because we have very low expectations from that continent."
Republican lawmaker mercilessly mocked after freaking out about California’s straw laws. Protecting the planet isn’t socialism.
John Oliver got real about his mistakes in publicly shaming Monica Lewinsky. Great job, John Oliver!
Ireland’s gay prime minister just beautifully called out Mike Pence’s homophobia to his face. “I stand here as the leader of my country. Flawed and human, but judged by my political actions, not by my sexual orientation.”
A million students took to the streets demanding action on climate change. Here are 18 of their best signs. “Yo mama is so polluted, she’s literally dying. Save Mother Nature.”
Jeopardy! host Alex Trebek is back with a heartfelt thank you to everyone who is supporting him. I’m not crying, you’re crying.
Guy discovers his divorced parents are dating and the internet is thirsty on their behalf. They were divorced for seven years.
Republican lawmaker mercilessly mocked after freaking out about California’s straw laws. John Oliver got real about his mistakes in publicly shaming Monica Lewinsky. Ireland’s gay prime minister just beautifully called out Mike Pence’s homophobia to his face. A million students took to the streets demanding action on climate change. Here are 18 of their best signs. Jeopardy! host Alex Trebek is back with a heartfelt thank you to everyone who is supporting him. Guy discovers his divorced parents are dating and the internet is thirsty on their behalf. White students asked this African-American student to give up his seat. He trolled them to oblivion. Why one boss's response to an employee’s mental health request went viral. Anti-vaxx mom asks how to protect her daughter from measles outbreak. The internet delivered. Ellen Page called out Chris Pratt for his homophobic church, and his response proves her point. Guy’s sexist list explaining how to be a ‘beautiful woman’ blows up in his face. After rumors of her death spread online, this distressingly-thin beauty blogger is finally getting help.
The Long Game The Long Game is a collaboration with Hennessy exploring the impact, benefits, and risks of long-term thinking. What would it look like if our leaders in business, science, politics, and society were willing to risk short-term gratification for long-term social progress? Issue 36: The 2016 GOOD 100 Meet the remarkable individuals tackling pressing global issues today The GOOD Guide to Recycling The objects we discard aren’t trash. They’re a resource. The Local Globalists Meet 17 innovators who are changing our future for the better. Project Literacy Bringing the Power of Words to the World #ProjectLiteracy