Category: Odious Debts by Country

Africa needs freer markets – and fewer tyrants

(December 14, 2005) Famine in Niger is no surprise – desert wastes, locusts and decades of Marxist rule keep it second-to-last on the world poverty list. Famine in the fertile climes of southern and eastern Africa, however, seems more shocking. But there’s a common thread: centralized state rule – incompetent at best – marked by corruption and sustained by aid.

The West, quietly, is pillaging Iraq

(December 10, 2005) When Saddam Hussein grabbed power in 1979, Iraq had no long-term foreign debt. Cash reserves were $36 billion. Iraq had high literacy and public universities; it had extensive socialized health care. It was becoming a "first world" nation. Soon, however, this violent, cunning despot began squandering that wealth.

Risky times for hard news and views

(November 30, 2005) New York City: After this year’s International Press Freedom Awards dinner, a former reporter remarked to me the honorees’ inspiring stories made her "think about getting back into real journalism again," with her accent on "real." "Me, too," I responded spontaneously, feeling unusually humbled by the realities of many of our overseas colleagues.