I don't have any idols or people that I look up to or see as a role model, but Dambisa Moyo comes very close to that. She is an intellectual woman speaking on serious topics with clarity and strength. I love watching her videos because I learn something everytime.
What about vaccines and bed nets, she completely overlooks that. It is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite.
Hats off to you Dambisa!!!, but we need more of you back home here in Zambia not only to offer advise to the government but to inspire many brilliant Zambian economists to better our country including other African countries. Africa is the wealthiest place on this planet no doubt about it..!!!! Proud of you!!
I really appreciate her comments regarding many Africans countries so dependent upon financial assistance. This issue I believe has resulted from government corruption. Many residents never receiving any assistance or if educational assistance is provided often no jobs, resulting many college educated residents leaving their countries, pursuing employment opportunities. I am favor of her 5 year plan for foreign aids that she provided
I love this smart woman. it feels as if she wrote "dead aid" to tell the story of Eritrea; known as the 2nd new nation & the only African nation who kicked out NGOs refusing foreign aid for over a decade, and still surviving despite two unlawful sanctions including all the negative western media lies as a form of retaliation. Mrs Moyo rest assured your vision is already working in my country and no one has starved yet. and the developement will be faster once the haters who hate to see Africa rise lift those sanctions.
You are right Dambisa! Be strong and keep fight! What Africa needs is the gut to stand up on their own feet. It is time now for Africa to wake up and to stand up and to build the accountable state that is capable to deliver the development of their own countries and people
since 2005, the smaller new born nation Eritrea refused aid, loan from IMF and kicked out all the NGOs. This nation proofed it that any country can live better without aid. Self reliance and economic independence is the only nation. As a result, Eritrea becomes a target for being a bad example for a good cause and they sanctioned it twice.
@@Bailyinn eritrea is totalitarian state. People must serve military service (which isnt bad) but often they are forced to stay in the military their whole life. Many people flee from eritrea. But its illegal to flee from there. There are thousands of refugees in europe out of eritrea and no one here knows their suffering and what theyve been through
In such arguments it is not as simple as being right or wrong, it is very complex and she makes it seem like all of Africa's problems can be solved simply through financialisaton, and see is dismissive of why Africa have been giving aid when if it was removed it would be catastrophic in times of crises'. It is ironic how someone so clearly privileged, can make these judgements upon the necessity of aid , when she would clearly never have been reliant upon it herself.
@@timothydamoulis3217 the underlying problem is accountibility and desired outcomes of aid, for decades those recipients countries never be independent. So yes it is complex but she has a bold point.
I agree with her 100%; I think that encouraging people to be dependent on aid as an easy way out is part of the problem; no one aided the Germans after WW2 and their economy was in total collapse; but they managed to pull themselves together and develop their economy to one of the biggest in the world; and China…when more than 10 million of them died because of famine…who gave them aid then???? The point that I am making is that aid cannot solve Africa's problems; the only way Africa can solve its problems is by holding corrupt leaders accountable. Governments should do their jobs and stop relying on foreign aid; the resources are there through all the raw material; the value chain of the raw material needs to be reevaluated and all Africans should stand together against corruption that is digging a deeper grave for Africa. Africa can solve Africa's problems not 'free money' because as we all know nothing is ever 'free' and there is no such thing as a free ride; this needs to be faced head on.
The first thing that came in my mind when I read Nonhlanhla's comment was The Marshall Plan too. But the Marshall Plan was not "aid", it was temporally assistance program and at its core was accountability. The countries didn't just receive the money. They sent lists of what they needed and the US footed the bill, as opposed to disbursing the money. Also, attributing China's great strides in the last 40 years to Soviet aid is simplistic, to say the least.
I am reading dead aid now, and watching this interview, I totally agree with her book, and to be honest, this aid is a blind spot created while our mineral are scrambled by the international community.
She does overlook the power of vaccines and bed nets though, the lives saved from the eradication of polio and the progress in the fight against malaria are strongly overlooked. Though it is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite who can then tighten their grip on political power. Though that is also country specific, Africa is a vast continent, not every country has an autocratic government. Also her take that the free market will solve issues is unfounded, China is taking advantage of Africa right now.
Moyo makes some good points - particularly about govts being accountable to donors rather than their people. But it could be argued that a major reason for so many Africans falling into poverty between 1970 and now are the very neoliberal policies Moyo espouses.
Dambisa Moyo's answer to the poverty problem is completely ignoring the capitalistic system of Illicit Financial Flows where multinational companies cheat Africa out of far more money than is coming into Africa.
You can’t cheat people out of something they sell to you on terms they agree. That’s an issue with African leadership. It’s not an issue with capitalism.
Wow common sense at last great lady who speaks the truth, I have myself always have said Africa governments should be held accountable, because it lets these governments of the hook, and keep this aid money, in a way this aid charity is killing the Africans people
Aid is funding government incompetence on the continent. It is a bad cycle that keeps the African continent without proper economic structures. This was great. Good job Dambisa!
Am proud of you Dambisa, the Aid is fueling coruption in Africa the leaders are the ones taking awey everthing instead of the poor people but we must thang them for the suport
Dambisa Moyo is absolutely right. In the simplest way one can refere to the the famous saying.. teaching one to fish verses giving one a fish. Aid as currenyly given is not geared to address the core challenges of Africa growth. Yes..we love them because they offer quick fix...
Very much agree with her, she is telling the ground reality in here Africa, it needs wise exit strategy to reduce foreign aid and mobilize the local resources and local strategy.
Abdirahman Gaas they need to either stop fucking or learn to use a god damn condom or accidentally find its way into (wrong hole at opportune time .hee)
No matter how many minerals we have in Africa, it can never free us from slavery but one expensive natural resource that can help us to be freed is our "Mindset".......its a big work to do @Dambisa Moyo. We read less and our African academic curriculum keeps on draining us😞
my heart bleeds for mother Africa whenever the notion of striving on the means of foreign aid. I think aid is making our continent handicap without taking any constructive means to develop our heritage by ourselves.You do all Dambisa Moyo
Don't give fish, but teach how to fish. There is no other wiser way. It applies to everyone, not just Africans. Children of well-to-do families also need to learn this way to be financially and spiritually independent.
You schooled everyone on this thread. Respect. And respect to Dambisa Moyo. I actually read "Dead Aid" a few years ago, what I remember of it was a well-written, persuasive argument against this kind of Western white Paternalism. I recommend it to anyone with half a brain who wants to know how the world REALLY works.
Well as an Australian, his country does have a history of exterminating and marginalising blacks so yeah, racism can rub off on him - politically correct racism where its more occult, but I think we should focus more on her and her message than him.
Damiano Cavaliere the message is clear and practical but not advisable for the European and American economy. It will force billions to admit that something is wrong and needs correction. It is very expensive to change our thinking. Who is going to pay for this?
+brokecreole You give me a lot of hope -if I'm reading you correctly; you are doing what Slavoj Zizek recommends. Addressing how the way a question is formulated can affect our ability to address a problem - if we keep asking 'how much more money do the Africans need to come out of povery?' then we can ignore the larger question which you brilliantly diagnosed. I wish you well; there are too few of you out there - either that or am on my period! lol! I see so much anger towards her from the ignorant whose pride is insulted by her honesty and the emotionally challenged whose need for absolution is likewise hurt by her denial of bandaid solutions. I wish I could get to know you better; your journey must be fascinating. Godspeed my friend!
It is like welfare, if I am receiving a check every month, why should I go and work hard and contribute to society. That is the way of thinking in Africa. I will get it regardless.
One of the problems is that because of the pervasive corruption in Africa companies are reluctant to invest there. I know the Chinese are moving into Africa now. I hope they can make some kind of order from the chaos. We made a right pigs ear of it.
Wow, this woman is a legend, intelligent and articulate. She really cares for Africa, it's someone who believes in the potential of Africa, that we can be developed as Western countries, only if we could do away with the dependency syndrome that has plagued the continent for the past 100 years. If you think like a beggar you will always remain a beggar.
Completely agree with your views on Africa needing trade and not Aid. I always ask myself this question: "Why would my neighbor come to my house and offer to take care of all my bills: utilities, food, clothing, etc.". Well it is simply because he has more to gain by "helping" me. "He is probably sleeping with my wife", is my response. Looking back in history, Africa was the center of the world. Center of trade, education, wealth (The Mali Empire, etc.). At some point, Africa fell, and has not been able to rise again. I feel "aid" and foreign African diplomacy part of the reason Africa is not moving forward - despite having all the resources the world needs today: minerals, space, able human resources, etc. Somehow, the world wants Africa to remain separated (54 countries), while they continue to unite, US, EU, NATO, UN, etc. Clearly it is easier for a large nation to negotiate (and get its way (!)) with one poor African country vs a string, focused, determined, United Africa. Now there is a vision. A United Africa. Story for another time.
100% agree because aid provides a short-term consumable service that is meant to be a stop-gap measure it is not designed to deliver the type of long-term sustainable growth that is required for genuine development and for African countries to have better input on global issues because 80% of the population on the continent are people under 30 who need skills and training in industries and services to foster that growth in economies with institutes and infrastructure provided by governments (which is why they need to be held accountable as Dr Moyo says because these elites have armies supressing opposition & media so more global pressure & less free money would be a great start!) - more aid $ is used to line some elite's pockets than to feed starving children... :/
Hi Moyo, I debated in favor of your report in grad school today. At the end, my colleagues and the faculty are well informed of the need for more innovation than more aid. Aid isn't all bad, as it's vital at some point in time, but it's bad when we become perpetual aid seekers of iniquity. These aid mostly don't get to the ordinary people in any way. Even if it gets, how long will they depend on it? It's time to rise and innovate! It's time to work for our future and for posterity. The Prosperity paradox should be well understood.
she is not the only one. Look at the videos of James Shikwati -a keniyan economist-. He said that the aid is destroying Africa. Why? A main reason: Tons of foods of that aid enter in the black market and the national producers CAN NOT COMPETE with those products. This fact generates more pain and problems for Africa.
Even though with recent times aid has reduced; now Africa is being swallowed by the FDI portfolios on her scarce resources! Exploitation is drastically happening and deadly emissions of carbon in space together with other vagaries; the oil spill in Nigeria is another headed while in Zambia, people living and working in the copper and around them can tell the story too. One day, someone like #Dambisa will see this as another form of aid being re-rooted! Hard facts but kuddos to Dambisa
Insightful. Africa-Economy-Africa translations. Economic system has the same principals it always has had. It's about materialism and resources. But it gives something if you live on it too.
07:43 That right there is why these big European corporations want to to keep pushing AID on African nations. They do not want Africa to stand on it's own two feet....
In developed countries a ROI of 15% is crazy good. In Nigeria, for instance, MPR is 14% with commercial banks lending at 24%. How can businesses thrive when they are borrowing at rates higher than the cost of capital? The capital market is a great theoretical idea but in reality only accessible to precious few. This woman is a capitalist to the core and if given leadership positions will propagate inequality in Africa.
We need to make a program where it's mandatory for all African Americans to spend 5 years of there life living in Africa and helping theese villages and children so they will have a new found love of America starting with Gangs
Watching this in 2023. Dambisa Moyo is person with a far sight. Foreign investment is the driving force in the economic growth in many African countries now.
I just watched a few interviews with Dambisa Moyo where she says that direct humanitarian aid (one of the three forms of aid) she is not only for but feels it is a moral imperative as humans. Her point is that not investing in long term, sustainable solutions like education, healthcare, trade, etc. makes economic growth difficult to impossible. Gates does bring up a good point, if true, that the hook of the book caused a drop in the same humanitarian aid. White male interviewers with her back then were largely horrible in not understanding the issues and being short and accusatory towards her. Gender and race discrimination. In getting points across some salesmanship can increase attention which happened here for someone whose ideas had not been listened to largely and she makes a great point (easier to see now admittedly) that investing money in sustainable issues is necessary in Africa and has been largely ignored. She seems to communicate economic realities and remedies, in some ways, as well or better than anyone else. The "Aid Is Dead" hook had its positives and negative effects. Can we take her good insights and continue to move forward? "Yes" is the correct answer here.
She's right, this modernist approach hasn't and isn't effective, its built upon this whole ideaology that money can save everything, it's just an ineffective quick fix.
What gives life to aid is all the work it creates within the donor countries: industry likes it, unions like it, bankers like it. For them, it's guaranteed profits. Diplomats like it, because it buys influence in foreign capitals. So, even though we all know it doesn't work for the countries being helped, there is no one on the donor side to argue against it. Maybe the churches could? But they have mostly fallen for the line that socialism is the best economic system...
Well, when African countries were colonies they had infrastructures, hospitals, were less poor (even she mentioned that in 70's only 10% of africans were poor). I'm against the foreign aid, mainly because it destroys the local economy, if you give free shoes, the local shoe maker will lose his job, if you give free potatoes, the local farmers will lose their sales etc. If they choose normal politicians and let people who want to invest there work without paying bargains or worrying for their lives, they can get it through.
@iceprincessfm Here in China, I am a factory worker working 12 hours a day, 7 days a week. And I don't spend much except on basic necessities so that I can save enough money for future investment, making people to work for me someday, instead of me working for other people. This is the only way to break free from depending on the mercy of your bosses. Diligence, endurance, frugality and learning is the crux of our Confucius culture. I don't think that's idiotic.
Wow, 'Lets hope you are right' and her response is fab, 'Yes I am RIGHT'. Just Fab. I have been saying it for a long time so I am glad that someone of African descendent has done a research about it and most of all wrote a book about it. Well done Lady Boss!!!
@politicalthinker1 I completely agree with you. If you think about it, Africa is one of the continents with the most natural resources. China on the other hand, lacks in natural resources but produces most of the worlds products. China is developing a relationship with Africa to continue getting those resources to produce items for export. Africa not only sells the resources, but it buys Chinas products and technology. Africa is are paying China to take it's resources.
From a critical psychology point of view she has a very good point, unfortunately I don't think she was able to make that clear to the interviewer. The point is that countries cannot become independent and self-sufficient if they are relying on global aid. I think she also failed to point out that not all aid is bad. Aid can be very good if the locals (or people in Africa) says to international organizations we need specific money for this reason. Instead of giving money for health to the whole county let individual organizations say we need money specifically for this. As a real world example, the whole of Kenya only has 4 cancer radiology machines, of which 3 are broken. Further more the machines are all in the same City. Hence global aid would be beneficial if the hospital specifically asked for a certain amount of once off money to repair the machines. Aid can only function efficiently if international aid collectors listen to the developing countries needs and know exactly where the money is going. Otherwise there is no accountability that the aid money is actually being used what it is meant for.
For example: Plato studied(at the Temple of Waset) for 11 years; Aristotle was there for 11-13 years; Socrates 15 years; Euclid stayed for 10-11 years; Pythagoras for 22 years; Hippocrates studied for 20 years, etc. etc.
One second she says aid is 'free money' and encourages government complacency, next second she says They benefit from the repayments Africa has to make (which perpetuates its own poverty) and love an Africa in despair. Didn't realise loans were 'free money' and the stress of repayments = complacency
I'm not 100% on board with Moyo, but honestly, I want to punch that smirk off of the interviewer's face. Just shows you how much people hate listening to new ideas that are out of their comfort zones.
She does overlook the power of vaccines and bed nets though, the lives saved from the eradication of polio and the progress in the fight against malaria are strongly overlooked. Though it is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite who can then tighten their grip on political power. Though that is also country specific, Africa is a vast continent, not every country has an autocratic government. Also her take that the free market will solve issues is unfounded, China is taking advantage of Africa right now.
I don't have any idols or people that I look up to or see as a role model, but Dambisa Moyo comes very close to that. She is an intellectual woman speaking on serious topics with clarity and strength. I love watching her videos because I learn something everytime.
SHE NEEDS TO BE ON TV IN KENYA
She needs to be on TV all over Africa !
Its over 10 years now 2019 and she's still right.
2021 and she's still right.
What about vaccines and bed nets, she completely overlooks that. It is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite.
It’s 2022 and she is still right
2023 and she's still right.
BIGGER PROBLEM IS LOW INTELLIGENCE
"Let's hope you're right."
"Thank you very much. And I am Right." Period.
Hats off to you Dambisa!!!, but we need more of you back home here in Zambia not only to offer advise to the government but to inspire many brilliant Zambian economists to better our country including other African countries. Africa is the wealthiest place on this planet no doubt about it..!!!! Proud of you!!
Yes. Please see RUclips: Attorney Amu
John Zulu i agree with u
KENYA ECONMY IS 78$BILLIO 50 MILLION POPULATIONNNN ITS DISASTER IN AFRICA..
"...no doubt about it..!!!!" lmao
@@BballGuy0432 quiet you
She is right
I really appreciate her comments regarding many Africans countries so dependent upon financial assistance. This issue I believe has resulted from government corruption. Many residents never receiving any assistance or if educational assistance is provided often no jobs, resulting many college educated residents leaving their countries, pursuing employment opportunities.
I am favor of her 5 year plan for foreign aids that she provided
I love this smart woman. it feels as if she wrote "dead aid" to tell the story of Eritrea; known as the 2nd new nation & the only African nation who kicked out NGOs refusing foreign aid for over a decade, and still surviving despite two unlawful sanctions including all the negative western media lies as a form of retaliation. Mrs Moyo rest assured your vision is already working in my country and no one has starved yet. and the developement will be faster once the haters who hate to see Africa rise lift those sanctions.
THE WEST MEDIA NEVER HEARD OR CARED ABOUT ERITEA..
You are right Dambisa! Be strong and keep fight! What Africa needs is the gut to stand up on their own feet. It is time now for Africa to wake up and to stand up and to build the accountable state that is capable to deliver the development of their own countries and people
since 2005, the smaller new born nation Eritrea refused aid, loan from IMF and kicked out all the NGOs. This nation proofed it that any country can live better without aid. Self reliance and economic independence is the only nation. As a result, Eritrea becomes a target for being a bad example for a good cause and they sanctioned it twice.
I need to know more about Eritrea and the sanctions placed on them. Where can I get more unbiased information on this subject?
@@Bailyinn I'd like to know as well
@@Bailyinn eritrea is totalitarian state. People must serve military service (which isnt bad) but often they are forced to stay in the military their whole life. Many people flee from eritrea. But its illegal to flee from there. There are thousands of refugees in europe out of eritrea and no one here knows their suffering and what theyve been through
@@Bailyinn you can’t. Eritrea kicked everyone out everyone so the outside world can’t know the human rights violations their leader commits.
let's hope you're right
response: I am right
In such arguments it is not as simple as being right or wrong, it is very complex and she makes it seem like all of Africa's problems can be solved simply through financialisaton, and see is dismissive of why Africa have been giving aid when if it was removed it would be catastrophic in times of crises'. It is ironic how someone so clearly privileged, can make these judgements upon the necessity of aid , when she would clearly never have been reliant upon it herself.
@@timothydamoulis3217 the underlying problem is accountibility and desired outcomes of aid, for decades those recipients countries never be independent. So yes it is complex but she has a bold point.
@@timothydamoulis3217 are sure you're an African? And if yes I STRONGLY doudt you are patriotic one.
2024 and she is still on point 😊
she exudes confidence,speaks facts as blunt as possible, she is unfazed....Africa needs more leaders like her
An African who talks sense. This needs to sink in the heads of Africans. Aid is demonic.
I agree with her 100%; I think that encouraging people to be dependent on aid as an easy way out is part of the problem; no one aided the Germans after WW2 and their economy was in total collapse; but they managed to pull themselves together and develop their economy to one of the biggest in the world; and China…when more than 10 million of them died because of famine…who gave them aid then???? The point that I am making is that aid cannot solve Africa's problems; the only way Africa can solve its problems is by holding corrupt leaders accountable. Governments should do their jobs and stop relying on foreign aid; the resources are there through all the raw material; the value chain of the raw material needs to be reevaluated and all Africans should stand together against corruption that is digging a deeper grave for Africa. Africa can solve Africa's problems not 'free money' because as we all know nothing is ever 'free' and there is no such thing as a free ride; this needs to be faced head on.
The first thing that came in my mind when I read Nonhlanhla's comment was The Marshall Plan too. But the Marshall Plan was not "aid", it was temporally assistance program and at its core was accountability. The countries didn't just receive the money. They sent lists of what they needed and the US footed the bill, as opposed to disbursing the money.
Also, attributing China's great strides in the last 40 years to Soviet aid is simplistic, to say the least.
DO U KNOW MOST KENYANS EARN ABOUT 2$ A DAY....GERMANY KILLED THOUSANDS IN NANIBIA IN 1904..
BIGGER PROBLEM IS LOW INTELLIGENCE
BIGGER PROBLEM IS LOW INTELLIGENCE
I am reading dead aid now, and watching this interview, I totally agree with her book, and to be honest, this aid is a blind spot created while our mineral are scrambled by the international community.
Also currently reading the book! She's on point
@@edugitonga2024 Dambisa Moyo is a smart mind
She does overlook the power of vaccines and bed nets though, the lives saved from the eradication of polio and the progress in the fight against malaria are strongly overlooked. Though it is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite who can then tighten their grip on political power. Though that is also country specific, Africa is a vast continent, not every country has an autocratic government. Also her take that the free market will solve issues is unfounded, China is taking advantage of Africa right now.
@@Scrungge Late comment but of course it is not all of Africa. Obviously countries like Morocco and Ethiopia don't face the same issues as Zimbabwe.
LOW INTELLIGENCE IS THE BIGGEST PROBLEM
Proud to see a strong message giving with such a brilliant speech for such smart, young, powerful woman !
💜 saw this long ago and still relevant
Moyo makes some good points - particularly about govts being accountable to donors rather than their people. But it could be argued that a major reason for so many Africans falling into poverty between 1970 and now are the very neoliberal policies Moyo espouses.
BIGGER PROBLEM IS LOW INTELLIGENCE
Dambisa Moyo is wonderful.
Great book. Great interview. Dr Moyo is on point....
LOW INTELLIGENCE IS THE BIGGER PROBLEM
omg i love her! i always felt like something was off with aid and unhelpful. i'm going to order the book today.
Dambisa Moyo's answer to the poverty problem is completely ignoring the capitalistic system of Illicit Financial Flows where multinational companies cheat Africa out of far more money than is coming into Africa.
ITS SAME SAME
If you remove aid it will become clear that capitalism in Africa is not the
She is not ignoring it but it is two sides of the same coin.
You can’t cheat people out of something they sell to you on terms they agree. That’s an issue with African leadership. It’s not an issue with capitalism.
The so-called live aid fraudsters and even the book is pack of rubbish. Control on both sides, who is fooling who? Sad all round 😢
what africa needs are business opportunities, business partnerships, not handouts...
Insightful views. So articulate and elaborate! Can we have more of such brains in leadership positions?
Wow common sense at last great lady who speaks the truth, I have myself always have said Africa governments should be held accountable, because it lets these governments of the hook, and keep this aid money, in a way this aid charity is killing the Africans people
Aid is funding government incompetence on the continent. It is a bad cycle that keeps the African continent without proper economic structures. This was great. Good job Dambisa!
Am proud of you Dambisa, the Aid is fueling coruption in Africa the leaders are the ones taking awey everthing instead of the poor people but we must thang them for the suport
This is a message the continent needs.
Dambisa Moyo is absolutely right. In the simplest way one can refere to the the famous saying.. teaching one to fish verses giving one a fish.
Aid as currenyly given is not geared to address the core challenges of Africa growth. Yes..we love them because they offer quick fix...
The talk is done, lets now do the walk. Afrika Tunawakilisha
I listen to your intrview after 12 years .Dead Aid happened in Ethiopia to, now wake up Africa
Very much agree with her, she is telling the ground reality in here Africa, it needs wise exit strategy to reduce foreign aid and mobilize the local resources and local strategy.
Abdirahman Gaas they need to either stop fucking or learn to use a god damn condom or accidentally find its way into (wrong hole at opportune time .hee)
No matter how many minerals we have in Africa, it can never free us from slavery but one expensive natural resource that can help us to be freed is our "Mindset".......its a big work to do @Dambisa Moyo.
We read less and our African academic curriculum keeps on draining us😞
Nairobi Kenya on 3rd july 2024 and the RUclips algorithm brought me here. How poignant!!!
my heart bleeds for mother Africa whenever the notion of striving on the means of foreign aid. I think aid is making our continent handicap without taking any constructive means to develop our heritage by ourselves.You do all Dambisa Moyo
Don't give fish, but teach how to fish. There is no other wiser way. It applies to everyone, not just Africans. Children of well-to-do families also need to learn this way to be financially and spiritually independent.
You schooled everyone on this thread. Respect. And respect to Dambisa Moyo. I actually read "Dead Aid" a few years ago, what I remember of it was a well-written, persuasive argument against this kind of Western white Paternalism. I recommend it to anyone with half a brain who wants to know how the world REALLY works.
interviewer "I hope you are right?"
response, Ms. Moyo "I am right!!!"
would he have said this to a white man sitting in front of him? really????
Well as an Australian, his country does have a history of exterminating and marginalising blacks so yeah, racism can rub off on him - politically correct racism where its more occult, but I think we should focus more on her and her message than him.
Damiano Cavaliere the message is clear and practical but not advisable for the European and American economy. It will force billions to admit that something is wrong and needs correction. It is very expensive to change our thinking. Who is going to pay for this?
+brokecreole You give me a lot of hope -if I'm reading you correctly; you are doing what Slavoj Zizek recommends. Addressing how the way a question is formulated can affect our ability to address a problem - if we keep asking 'how much more money do the Africans need to come out of povery?' then we can ignore the larger question which you brilliantly diagnosed. I wish you well; there are too few of you out there - either that or am on my period! lol! I see so much anger towards her from the ignorant whose pride is insulted by her honesty and the emotionally challenged whose need for absolution is likewise hurt by her denial of bandaid solutions. I wish I could get to know you better; your journey must be fascinating. Godspeed my friend!
I agree. The danger of single story
It is like welfare, if I am receiving a check every month, why should I go and work hard and contribute to society. That is the way of thinking in Africa. I will get it regardless.
I have always advocated putting the aid straight into the African Dictators' Bahamian bank accounts, thus cutting out the middle man.
Extommy1 You already did if you contributed to Clinton foundation
AFRICA IS MARCHING BACKWARDS
The interviewer should have read the book first....
Haha. Reading saves lives.
One of the problems is that because of the pervasive corruption in Africa companies are reluctant to invest there.
I know the Chinese are moving into Africa now. I hope they can make some kind of order from the chaos. We made a right pigs ear of it.
Wow, this woman is a legend, intelligent and articulate. She really cares for Africa, it's someone who believes in the potential of Africa, that we can be developed as Western countries, only if we could do away with the dependency syndrome that has plagued the continent for the past 100 years. If you think like a beggar you will always remain a beggar.
Dambisa is right the western world ignores successful African countries such as Botwswana! Botswana's economy is growing!
Completely agree with your views on Africa needing trade and not Aid.
I always ask myself this question: "Why would my neighbor come to my house and offer to take care of all my bills: utilities, food, clothing, etc.". Well it is simply because he has more to gain by "helping" me. "He is probably sleeping with my wife", is my response.
Looking back in history, Africa was the center of the world. Center of trade, education, wealth (The Mali Empire, etc.).
At some point, Africa fell, and has not been able to rise again.
I feel "aid" and foreign African diplomacy part of the reason Africa is not moving forward - despite having all the resources the world needs today: minerals, space, able human resources, etc.
Somehow, the world wants Africa to remain separated (54 countries), while they continue to unite, US, EU, NATO, UN, etc.
Clearly it is easier for a large nation to negotiate (and get its way (!)) with one poor African country vs a string, focused, determined, United Africa. Now there is a vision. A United Africa. Story for another time.
Invaluable video. Should have been aired on every western TV station. Alas, 10 years on the problem has multiplied
BIGGER PROBLEM IS LOW INTELLIGENCE
100% agree because aid provides a short-term consumable service that is meant to be a stop-gap measure it is not designed to deliver the type of long-term sustainable growth that is required for genuine development and for African countries to have better input on global issues because 80% of the population on the continent are people under 30 who need skills and training in industries and services to foster that growth in economies with institutes and infrastructure provided by governments (which is why they need to be held accountable as Dr Moyo says because these elites have armies supressing opposition & media so more global pressure & less free money would be a great start!) - more aid $ is used to line some elite's pockets than to feed starving children... :/
Hi Moyo, I debated in favor of your report in grad school today. At the end, my colleagues and the faculty are well informed of the need for more innovation than more aid. Aid isn't all bad, as it's vital at some point in time, but it's bad when we become perpetual aid seekers of iniquity. These aid mostly don't get to the ordinary people in any way. Even if it gets, how long will they depend on it? It's time to rise and innovate! It's time to work for our future and for posterity. The Prosperity paradox should be well understood.
Give free money they will spend it and ask for more.
she is not the only one. Look at the videos of James Shikwati -a keniyan economist-. He said that the aid is destroying Africa. Why? A main reason: Tons of foods of that aid enter in the black market and the national producers CAN NOT COMPETE with those products. This fact generates more pain and problems for Africa.
Even though with recent times aid has reduced; now Africa is being swallowed by the FDI portfolios on her scarce resources! Exploitation is drastically happening and deadly emissions of carbon in space together with other vagaries; the oil spill in Nigeria is another headed while in Zambia, people living and working in the copper and around them can tell the story too. One day, someone like #Dambisa will see this as another form of aid being re-rooted! Hard facts but kuddos to Dambisa
Insightful. Africa-Economy-Africa translations. Economic system has the same principals it always has had. It's about materialism and resources. But it gives something if you live on it too.
2024 and still on pont sis
07:43 That right there is why these big European corporations want to to keep pushing AID on African nations. They do not want Africa to stand on it's own two feet....
"And I am right." BOOM, HATERS!
Wow! This is so profound
. The most apt description of the African scenario. Bulls eye!!
In developed countries a ROI of 15% is crazy good. In Nigeria, for instance, MPR is 14% with commercial banks lending at 24%. How can businesses thrive when they are borrowing at rates higher than the cost of capital? The capital market is a great theoretical idea but in reality only accessible to precious few. This woman is a capitalist to the core and if given leadership positions will propagate inequality in Africa.
We need to make a program where it's mandatory for all African Americans to spend 5 years of there life living in Africa and helping theese villages and children so they will have a new found love of America starting with Gangs
That's bullshit when AA are incentivised to go to Africa. Why the fuck would we come back to this?
I never met a queen but I would think that what one would speak like she is so right .
I need to buy this book
2022 I’m watching this documentary she is right we can’t depend on aid as African countries
Indeed you are right Dambisa! Power to the people.
2020.....and im here.....$300 million ...squandered...im in Zimbabwe...
thank madam dambisa moyo it was very interested debate
What an eloquence
Watching this in 2023. Dambisa Moyo is person with a far sight. Foreign investment is the driving force in the economic growth in many African countries now.
My pain is that they are not listen to her wisdom............ These politicians
I just watched a few interviews with Dambisa Moyo where she says that direct humanitarian aid (one of the three forms of aid) she is not only for but feels it is a moral imperative as humans. Her point is that not investing in long term, sustainable solutions like education, healthcare, trade, etc. makes economic growth difficult to impossible. Gates does bring up a good point, if true, that the hook of the book caused a drop in the same humanitarian aid. White male interviewers with her back then were largely horrible in not understanding the issues and being short and accusatory towards her. Gender and race discrimination. In getting points across some salesmanship can increase attention which happened here for someone whose ideas had not been listened to largely and she makes a great point (easier to see now admittedly) that investing money in sustainable issues is necessary in Africa and has been largely ignored. She seems to communicate economic realities and remedies, in some ways, as well or better than anyone else. The "Aid Is Dead" hook had its positives and negative effects. Can we take her good insights and continue to move forward? "Yes" is the correct answer here.
Brilliant
She's right, this modernist approach hasn't and isn't effective, its built upon this whole ideaology that money can save everything, it's just an ineffective quick fix.
wow what an intelligent woman.
What gives life to aid is all the work it creates within the donor countries: industry likes it, unions like it, bankers like it. For them, it's guaranteed profits. Diplomats like it, because it buys influence in foreign capitals. So, even though we all know it doesn't work for the countries being helped, there is no one on the donor side to argue against it. Maybe the churches could? But they have mostly fallen for the line that socialism is the best economic system...
Great ideas
Watching 13 years later. And likening it... ahahah
This helped me on my development studies thank you.
Congratulations Deekay
The Aid agencies make people hope for them more than officials that they elected into offices to deliver more services then Aid can.
🥺🥺
Well, when African countries were colonies they had infrastructures, hospitals, were less poor (even she mentioned that in 70's only 10% of africans were poor). I'm against the foreign aid, mainly because it destroys the local economy, if you give free shoes, the local shoe maker will lose his job, if you give free potatoes, the local farmers will lose their sales etc. If they choose normal politicians and let people who want to invest there work without paying bargains or worrying for their lives, they can get it through.
2021 and she is still on point
The interviewer's bias toward maintaining the status quo is so hard to hide. smh
@iceprincessfm Here in China, I am a factory worker working 12 hours a day, 7 days a week. And I don't spend much except on basic necessities so that I can save enough money for future investment, making people to work for me someday, instead of me working for other people. This is the only way to break free from depending on the mercy of your bosses. Diligence, endurance, frugality and learning is the crux of our Confucius culture. I don't think that's idiotic.
Wow, 'Lets hope you are right' and her response is fab, 'Yes I am RIGHT'. Just Fab. I have been saying it for a long time so I am glad that someone of African descendent has done a research about it and most of all wrote a book about it. Well done Lady Boss!!!
dambisa moyo did not miss words
What's so hard to understand? The poor and common citizen DOES NOT see the "aid"!!!
This is a beautiful presentation. Am Amazed my lady. Keep it up
Allah bless you Dambisa, get rid of the aid we don't needed.
Amin!
@politicalthinker1 I completely agree with you. If you think about it, Africa is one of the continents with the most natural resources. China on the other hand, lacks in natural resources but produces most of the worlds products. China is developing a relationship with Africa to continue getting those resources to produce items for export. Africa not only sells the resources, but it buys Chinas products and technology. Africa is are paying China to take it's resources.
Great video. #BanAllNGO's #SelfSufficiency
I'm from the government and I come to help you
"I am right." SLAYYYYY
From a critical psychology point of view she has a very good point, unfortunately I don't think she was able to make that clear to the interviewer. The point is that countries cannot become independent and self-sufficient if they are relying on global aid.
I think she also failed to point out that not all aid is bad. Aid can be very good if the locals (or people in Africa) says to international organizations we need specific money for this reason. Instead of giving money for health to the whole county let individual organizations say we need money specifically for this.
As a real world example, the whole of Kenya only has 4 cancer radiology machines, of which 3 are broken. Further more the machines are all in the same City. Hence global aid would be beneficial if the hospital specifically asked for a certain amount of once off money to repair the machines.
Aid can only function efficiently if international aid collectors listen to the developing countries needs and know exactly where the money is going. Otherwise there is no accountability that the aid money is actually being used what it is meant for.
Hallelujah
Leaders spend money, they don't generate money.
Same could be said for Johnson’s Great Society.
Brilliant and undeniably true!
For example: Plato studied(at the Temple of Waset) for 11 years; Aristotle was there for 11-13 years; Socrates 15 years; Euclid stayed for 10-11 years; Pythagoras for 22 years; Hippocrates studied for 20 years, etc. etc.
... brilliant
One second she says aid is 'free money' and encourages government complacency, next second she says They benefit from the repayments Africa has to make (which perpetuates its own poverty) and love an Africa in despair. Didn't realise loans were 'free money' and the stress of repayments = complacency
I'm not 100% on board with Moyo, but honestly, I want to punch that smirk off of the interviewer's face. Just shows you how much people hate listening to new ideas that are out of their comfort zones.
She does overlook the power of vaccines and bed nets though, the lives saved from the eradication of polio and the progress in the fight against malaria are strongly overlooked. Though it is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite who can then tighten their grip on political power. Though that is also country specific, Africa is a vast continent, not every country has an autocratic government. Also her take that the free market will solve issues is unfounded, China is taking advantage of Africa right now.
My sister is Africa's last hope African continent should merge as one republic and make her the president