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Snack Plissken
VisualEconomik EN
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Comments by "Snack Plissken" (@snackplissken8192) on "Why The US Fed Billions to Palestine" video.
The west tends to look at the Marshall Plan and assume it will work anywhere, but its modern equivalents have been a failure. After WWII, we were giving money to countries like Japan and Germany that already were advanced and prosperous money to rebuild to keep first world countries in the first world, rather than giving third world countries money to keep them from making the lateral move into the second world. Even countries that want to use foreign aid to advance their economies tend to have issues with perverse incentives created by aid programs. Money gained by useful trade causes more industry and builds interdependence, whereas money gained by gaming western politicians causes more corruption and builds resentment. Teaching a man to beg is never going to end the same as teaching him to fish.
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