Category: Odious Debts

Nationalizing China

(June 24, 2011) China is heading for a degree of government ownership and central planning unseen since Mao’s passing. This Financial Post article by Probe International’s Patricia Adams looks at the advance of the state at the expense of China’s private sector and its foreign competition. In fact, she notes, western companies – feeling unwanted – are beginning to pull up stakes in China. And that suits China just fine.

Foreign aid and under-development in Africa

(April 17, 2010) Foreign aid has generally benefited the ruling elites in Africa, by among other things, enabling and perpetuating corrupt governments’ hold on power, and by extension, entrenching the pervasive underdevelopment. Over the past five decades, foreign emergency assistance to Africa has helped to avert hardship for many of Africa’s poor, but failed to promote any significant economic development.