Viewpoints
Opinion

Why Foreign Aid Benefits Cronies, Not Touted Recipients

Why Foreign Aid Benefits Cronies, Not Touted Recipients
USAID Administrator Mark Green speaks onstage during the 2019 Concordia Annual Summit at Grand Hyatt New York, in NYC, on Sept. 24, 2019. Riccardo Savi/Getty Images for Concordia Summit
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Commentary

Wealth-redistribution schemes “end up redistributing poverty,” economist Thomas Sowell once said. While he was referring to individuals, the dictum also applies to countries.

Fergus Hodgson
Fergus Hodgson
Author
Fergus Hodgson is the director of “ Econ Americas”, a financial consultancy, and publisher of the “ Impunity Observer” , a geopolitical intelligence service. He is the author of “ Financial Sovereignty for Canadians: Untether Yourself from the Ottawa Leviathan (2024).”
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