Bononomics

by Don Boudreaux on June 10, 2005

in Current Affairs, Hunger, Inequality, Myths and Fallacies

Julian Morris has this message for Live8 (and Live Aid) organizer Bob Geldof:

My message for Bob Geldof is get real. Look at the realities of the situation, look at how the very poorest people of the world actually live and what is preventing them from becoming richer. And if he looks at that, he’ll realise that it’s actually the governments who he wants to give aid money to that are causing the problem.

Julian is right.

Of course, Geldof and other practitioners of what might be call ‘Bononomics’ are mostly interested in their own moral posturing. My evidence for this accusation is the fact that their statements and proposed solutions range from the utterly shallow to the dangerously counterproductive. So all will dismiss Julian’s message.

Too bad for Africans.

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