Name: Anonymous 2008-01-12 11:02
Foreign aid groups have given money and food to Africa in the hopes that they will pull themselves up by their own bootstraps and start small agrarian communities that evolve into cities. This method lacks efficiency as money gets diverted to the wrong people, and those that are fed are not always the most productive in society.
It seems the more efficient method is to allow megacorporations such as in the US to operate in Africa, including factory farms, factory produced food, factory produced consumer goods, industrial goods, pharmaceuticals, etc. These large businesses are given the stigma of evil and greedy capitalists, yet they give society everything it needs conveniently in the retail market, streamlining production to get rid of inefficiencies in small business.
This hasn't been done so far because of economic and political stability, but operating these businesses in a risky environment can create a stable environment later on. Though business would operate at a loss initially, currency would start towards deflation as money adjusts to the new supply and demand curve, while citizens would have factory jobs to replace the largely ineffective family business ideal, and production would meet the needs of the increasing population.
It seems the more efficient method is to allow megacorporations such as in the US to operate in Africa, including factory farms, factory produced food, factory produced consumer goods, industrial goods, pharmaceuticals, etc. These large businesses are given the stigma of evil and greedy capitalists, yet they give society everything it needs conveniently in the retail market, streamlining production to get rid of inefficiencies in small business.
This hasn't been done so far because of economic and political stability, but operating these businesses in a risky environment can create a stable environment later on. Though business would operate at a loss initially, currency would start towards deflation as money adjusts to the new supply and demand curve, while citizens would have factory jobs to replace the largely ineffective family business ideal, and production would meet the needs of the increasing population.