How Foreign Aid Keeps Africa Poor | 5-Minute Videos | PragerU

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Transcript:
How Foreign Aid Keeps Africa Poor
Presented by @MagatteWadeOfficial

Foreign aid is not the solution to poverty in Africa.
It’s one of the reasons why Africa is poor.
Yes, you heard that right.

For years, we've been sold the idea that aid from organizations like USAID helps "lift" Africa out of its poverty.

But here’s the truth: if foreign aid worked, Africa would be the richest continent on Earth by now.

Free market advocate and former US Congressman Ron Paul described it perfectly. “Foreign aid is taking money from the poor people of a rich country and giving it to the rich people of a poor country.”

Walk through the streets of Dakar, Senegal where I am from, and you'll see exactly where your aid money goes. The city is filled with foreign residents working for the UN, non-governmental organizations (NGOs), and embassies.

They live in a parallel economy – one that most Senegalese can only observe from the outside.

These aid workers enjoy lives of luxury: fine dining at expensive restaurants, driving new SUVs, occupying the best apartments in town, employing multiple household staff and hosting lavish parties.

And, by the way, they receive "hardship pay" for the “sacrifice” of living in “faraway places filled with malaria, tropical diseases and tough climates.”

This creates a devastating ripple effect throughout our local economy.

These organizations, flush with seemingly unlimited cash,