Legendary Czech president Václav Klaus gives some tough love to Africa. In his speech to the Osigwe Anyiam-Osigwe Foundation in Lagos, Nigeria he urges Africans not to rely on foreign aid.
Klaus rightfully point out that aid doesn’t solve anything. He cites past experiences of East Germany and Czech Republic:
Western Germany pumped an equivalent of the GDP of Czech Republic to Eastern Germany under one year, yet, it could be said that we have done better. The capital simply became a blockage to genuine development.
The whole speech is here.
Thank to Lubos Motl.