In the wake of socialism, Venezuela’s black-market capitalists meet community needs

The Venezuelan people continue to struggle and suffer under the weight of severe socialist policies—facing increased poverty and hunger, swelling suicide rates, and widespread social unrest. Yet even as its president admits to a nationwide economic emergency, the government continues to celebrate the very drivers behind the collapse, blaming low oil prices and “global capitalism,” instead. Continue Reading...

Stiglitz vs. Easterly: Leading economists debate the role of markets in reducing poverty

In a fascinating debate hosted by Reason Magazine, development economists William Easterly and Joseph Stiglitz discuss how to best fight global poverty, responding to a simple question: “Which is a better approach, freer markets or increased government action?” Easterly, a professor at New York University and author of the popular book, The White Man’s Burden, highlights the importance of freer markets, arguing they provide better incentives, better mechanisms for sharing knowledge, and, most importantly, better rights. Continue Reading...

Conquering famine: 3 reasons global hunger is on the decline

In confronting the problem of global hunger, Western activists, planners, and foreign aid “experts” are prone to look only toward various forms of economic redistribution. Even among nonprofits, churches, and missions organizations, we see an overly narrow focus on temporary needs and material donations with little attention to individual empowerment and institutional reforms. Continue Reading...

Peter Heslam on wealth creation among the global poor

Throughout our debates about global poverty and economic inequality, critics of capitalism routinely raise the point that half of the world’s population live on less than $2 per day, while wealth among the other half continues to “concentrate.” The underlying assumption is clear: For so many to be making so little, someone (somewhere) must surely be taking much. Continue Reading...

Foreign aid fraud concerns ‘valid,’ says UK chief

The man who oversees the UK’s foreign aid budget says that public concerns about fraud, abuse, and futility associated with international development programs are “valid.” And he plans to fight those perceptions by launching an evangelistic campaign on behalf of the government. Continue Reading...

Trouble in Tanzania

President John Magufuli rose to power in Tanzania in 2015 with 58% of the popular vote. A populist and master of publicity, Magufuli gathered support all over the nation and now leads one of Africa’s most populous nations. Continue Reading...

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