Thursday, March 20, 2025

Overseas non-development

 ‘Why are western governments suddenly slashing overseas aid budgets? Partly because it plays well with right-wing voters, who are told it’s all spent on things like transgender mouse research. Partly, in Europe, because states are scrambling to find money for armaments now that Trump seems to be pulling the plug on NATO.

It’s an open secret in aid circles that overseas development aid can very often result in ‘an inverse correlation between aid and per capita growth‘, ie, the more aid a country gets, the poorer the people become.

So much for capitalism’s ‘noble’ aspiration to abolish poverty. Most aid is not for that anyway, but for self-serving reasons. Abolish capitalism however, and there’d be no poverty.’


https://www.worldsocialism.org/spgb/

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