Cato Video •

Edward Luttwak discusses foreign aid and corruption.

Many African states have been addicted to Western aid for decades. Unfortunately, Africa as a whole has stagnated and some African countries are poorer today then they were in the 1960s. In recent years, advocates of foreign aid have called for making aid more efficient, but that may be easier said than done. Edward Luttwak talks about the nuts and bolts of how aid can harm the poor and the ethics of corruption in those circumstances.
Edward N. Luttwak