Showing posts with label Statism. Show all posts
Showing posts with label Statism. Show all posts

Sunday, September 4, 2011

"I oppose all foreign aid on principle...."

"I oppose all foreign aid on principle, for reasons I detail in a later chapter.  Foreign aid is not only immoral, since it involves the forced transfer of wealth, but it is also counterproductive, as a ceaseless stream of scholarship continues to show.  Foreign aid has been a disaster in Africa, delaying sound economic reforms and encouraging wastefulness and statism.  We should not wish it on our worst enemy, much less a friend.  Moveover, since the aid has to be spent on products made by American corporations, it is really just a form of corporate welfare, which I can never support. 

Only those with a very superficial attachment to Israel can really be happy that she continues to rely on over $2 billion in American aid every year.  In the absence of such grants, Israel would at least be under pressure to adopt a freer economy, thereby bringing about greater prosperity for her people and making it easier for her to be self-reliant.  Foreign aid only inhibits salutary reforms like this, reforms that any true friend of Israel is eager to see.  As a matter of fact, the Institute for Advanced Strategic and Political Studies in Jerusalem argues that "foreign aid is the greatest obstacle to economic freedom in Israel." " -Pages 34 & 35 of The Revolution, A Manifesto