The White Man’s Burden

The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good —-that’s the title of a 2006 book by NYU economics professor William Easterly. Fr. Neuhaus commented on the book in The Public Square back then (scroll down to the second item). And today, in the pages of the Wall Street Journal , Easterly explains ” Why Bill Gates Hates My Book .” A taste:

The parts of the world that are still poor are suffering from too little capitalism. Foreign direct investment in Africa today, although rising, amounts to only 1% of global flows. That’s because the environment for private business in Africa is still hostile. There are some industry and country success stories in Africa, but not enough.

This may help explain why ” Bono Still Hasn’t Found What He’s Looking For .”