Samizdata

The decision to write off billions of dollars in debt for various Third World nations is in effect a subsidy for bad governance. Oh sure, the debt relief is tied to various conditions aimed at improving the kleptocratic ways that are the norm in the world’s various hellholes, but it is still just a way of saying that in the final analysis it is western taxpayers yet again who will be the ones picking up bill for the actions of various corrupt WaBenz bureaucrats.

And what of those poor nations who actually do repay their loans? What of those who keep corruption under control and who have a ruling class that does not see private businesses as a personal piggy bank to be raided as needed? What message is sent to them when they see the incompetent and corrupt rewarded with free money so that some celebrity activists can make economic illiterates feel good about themselves?

Which brings me to Geldof. I just cannot figure out this guy; on one hand he says self-evident sensible things like (emphasis added):

Bob Geldof admitted today no amount of aid to Africa could eradicate poverty on the continent while its Governments remain corrupt. The former singer was launching a 170-page compact summary of the Africa Commission’s report which will be presented to the G8 summit this July.

And the maverick Irishman repeated his call for ‘hundreds of thousands’ to converge on Edinburgh to coincide with the summit at Gleneagles. He said: “The issue governance is at the forefront of this compact. You can’t give aid to countries when they return it to us in debt payment, especially if you don’t allow them to trade with us. None of that will function unless there is a decent Government.”

But then says something as preposterous as:

Fears over corrupt African regimes should not be used to delay aid to the poverty-stricken continent, Bob Geldof said yesterday. Less than 48 hours after both Tony Blair and George W Bush insisted that corrupt regimes had to be tackled to ensure that aid was not wasted, the Live 8 organiser told them to “get off the corruption thing” and deliver the promised help.

So what is one to make of that? By his own admission, Africa’s appalling governance is a huge contributing factor to poverty and woe (not to mention the continent’s horrific record regarding civil liberties) yet we are urged to “get off the corruption thing”. So to use Geldof’s sort of language… what the fuck?

If governance is perhaps the single biggest factor (amongst several) that makes the Third World so damn poor, surely the Western taxpayers whose money Geldof is to keen to give away should indeed be asking if they really want their money to end up in someone else’s Swiss bank accounts via Kinshasa or Freetown.

Sadly for Africa, most of the things written about the causes and solutions of poverty in the Third World, or at least the articles that get serious column inches, are drivel by ‘celebrity activists’ who are ill-informed and arrogant in equal measure. A prime example being the mind numbingly ignorant Chris Martin for example, who thinks ‘shareholders’, the people who provide the capital to wealth creating businesses, which are the “great evil of this modern world” rather than, say, the governments of North Korea, Cuba and Burma. But then such folks do not concern themselves with actual benefits to poor people in various far off places but rather with pithy soundbites and causing emotional surges brought on by ‘doing something’, regardless of whether or not it actually improves anything for anyone other that a few Mercedes Benz dealers in sub-Saharan Africa and some portfolio managers in Zürich.

No, none of this really has anything to do with helping common people in the Third World.