The Tangled Web of Foreign Aid

Source: Brownstone Institute
by Armando Simon

“It was Peter Bauer who pointed out that foreign aid is the means by which poor people in rich countries are forced to give money to rich people in poor countries. After all, how else are the families of African dictators and their ministers going to maintain their mansions along the French Riviera? How would they be able to navigate Europe’s roads? If not for American and British foreign aid, luxurious chateaus would go empty, unsold. And bank accounts in Switzerland, Grand Cayman, Panama, and elsewhere just don’t get filled by themselves.” (02/12/25)

https://brownstone.org/articles/the-tangled-web-of-foreign-aid/