Friday, February 15, 2008

Great, fabulous, absolutely fascinating op-ed by William Easterly in the February 7 Wall Street Journal. I just found it on his blog. A couple of quotes that will suck you in and make sure you read the whole thing:

Is it really the poor's only hope that the Gap will donate a few pennies per sexy T-shirt for AIDS treatment in Africa?

Mr. Gates also announced his foundation is starting "a partnership that gives African farmers access to the premium coffee market, with the goal of doubling their income from their coffee crops." This is fine as a modest endeavor to help a few Rwandan and Kenyan coffee farmers, but it's hardly going to remake capitalism. The main obstacles to exports in poor countries are domestic ones like corruption and political strife, not lack of interest from rich-country buyers for premium coffee.

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