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June 28, 2005Economics > Imagine There's No Benefit Concert / It's Easy if You TryWith Live8 in the news, Colby Cosh points to the John Lennon Playboy interview and Lennon's thoughts on charity benefit concerts. PLAYBOY: Just to finish your favorite subject, what about the suggestion that the four of you put aside your personal feelings and regroup to give a mammoth concert for charity, some sort of giant benefit? Lennon isn't the only one who feels that way about the monetary output of benefit concerts. Bob Geldof says that Live8 is to raise awareness, not money, in a concession to the fact that Africa is a bottomless pit for aid money, and the original Live Aid money didn't do what it was supposed to. The only thing likely to help Africa now is radical new ideas like constitutional democracy, accountable government, and free market capitalism. Luckily, Geldof seems to realize that. Here's the clincher: Geldof wasn't asking for donations. He admits that food aid and even debt cancellation, while helpful, are of limited utility in the long run. Instead, he's asking us to start a converstation about how to stimulate long-term development in Sub-Saharan Africa. "This isn’t Live Aid 2," the website reads, "LIVE 8 is about justice not charity." And I had to love this: 12:33 - Todd Zwicki wants to know about the concept of "trade justice". Geldof: The EU is a protection racket that Al Capone would love. The trade cartels exist to protect domestic production ... If first-world countries - the US included - dropped agricultural subsidies for their own farmers, third-world farmers would be able to compete in first-world markets thanks to their lower labor costs. If poor countries can't even make money with agriculture it's hard to imagine how they'll ever bootstrap themselves into prosperity. Posted by lesjonesPajamaHadin linked with Live8 celebrity benefit against poverty in Africa Comments
Excellent post Posted by: countertop at June 28, 2005Reason's hit and run linked last week to an interesting article about Geldolf and LiveAid's impact on Ethiopia. I don't necessarily agree with the conclusion you might draw from it (that it would have been better to do nothing), but it's a problem worth acknowledging. Posted by: Chris Wage at June 28, 2005I agree. I care deeply about Africa. It is a pit of corruption and hopelessness and will be the next source of international terror, in my opinion. To fix it we need to change the fundamental ground rules, not just throw money at it to feel good. Posted by: Dave Justus at June 29, 2005Comments on the old blog are closed. |
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