Quote of the day - Thomas Sowell
With vastly more money available around the world as private investment than there is as foreign aid, why do Third World countries want or need foreign aid? Because private investors will seldom put their own money into projects that have no realistic chance of working or into countries too corrupt and unreliable to expect the money to be used responsibly, much less repaid.
Thomas Sowell
Labels: economics, foreign aid, Quote, Sowell
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