Much has been written in recent weeks about Live 8, a series of concerts that will take place on July 6 in London, Paris, Berlin, Rome and Philadelphia. The name refers not only to the original Live Aid concerts that took place in 1985, but is also a reference to the G8 meetings that will be taking place in Edinburgh, Scotland at the same time as the concerts. G8 organizers are planning for massive protests which have been urged on by concert organizer Sir Bob Geldof, who has called for one million people to show up in Edinburgh to call for increases in aid and trade reform for Africa.
Geldof’s goals are threefold: “By doubling aid, fully cancelling debt, and delivering trade justice for Africa, the G8 could change the future for millions of men, women and children.”
Yesterday, Geldof participated in a conference call with a number of bloggers spanning the political spectrum, all of whom came away impressed with his knowledge of and passion for the issue of African poverty. Most interesting to those of us concerned with free markets is the fact that Geldof is placing a heavy emphasis on trade as a potential solution to Africa’s problems.
As I noted in an earlier post, there is good reason to be skeptical of claims that increased government-to-government aid is the cure for what ails Africa, and Live 8, like many other well-intentioned efforts, suffers from too much emphasis on that same old "solution" that hasn’t worked in the past. But in the sense that Live 8 introduces a free-trade element into an advocacy mix that has, in the past, been totally leftist in outlook, it may be an event worth monitoring.