Sunday, April 13, 2008
World Bank Proposes to Continue Food SHortages in Developing Countries
High food prices are causing unrest in developing countries. Naturally, the first thing people jump to is a call for more food aid. Never mind that most food aid ends up being stolen by the cleptocratic governments in charge of most "developing" countries (why put "developing" in scare quotes? There's no development going on, for the reasons to be soon stated). So more food aid will only result in the governments of the countries the food is sent to stealing it and selling it to the people at the same inflated prices. What these countries need are market reforms -- private property rights protections and independent court systems to eliminate corruption. Of course, if that happened, these countries would in fact turn into developing -- and then, developed -- countries. And if that happened, we wouldn't need such entities as the World Bank. And we certainly can't have that, now can we? That would result in the unemployment of a handful of clueless elites and the wasteful bureaucrats who work for them, and we certainly can't have that, now can we?