Aid payments are dwarfed by what’s lost to spurious debts, profit extraction, and dodgy invoicing, but help to feed a narrative of the industriousness and benevolence of developed countries.
“...the usual development narrative has it backwards. Aid is effectively flowing in reverse. Rich countries aren’t developing poor countries; poor countries are developing rich ones.”
“...for every $1 of aid that developing countries receive, they lose $24 in net outflows“
@neil I can't bring myself to favorite that, but thank you for sharing the piece.
social.coop is a a coop-run corner of the fediverse, a cooperative and transparent approach to operating a social platform. We are currently closed to new memberships while we improve our internal processes and policies, and plan to re-open to new folks when that work is complete. [9/2/2018]