Foreign aid is meant to alleviate suffering and help poor countries develop. But according to William Easterly, a professor of Economics at NYU, it often does the opposite. Instead of helping countries develop, it wastes resources or makes it harder for them to make economic progress. And far from advancing democracy and human rights, it often helps autocrats to stay in power.
In this week’s episode of The Good Fight podcast, Yascha Mounk and William Easterly discuss how political considerations misdirect foreign aid, whether the “development industrial complex” ignores the human rights of the poor, and why foreign aid so often gives a lifeline to authoritarian leaders around the globe.