Thursday's Editorial - July 14, 2005
1. What example does Walter Williams give to support his statement that the "vicious cycle of poverty" is a myth?
2. How does Dr. Williams explain Europe's ability to break its vicious cycle of poverty in the 18th century?
3. How does Dr. Williams counter the belief of some experts that Africa's economic troubles are due to its colonialism?
4. Proponents for aid for Africa say we can eliminate poverty if we give enough money, among other things. Walter Williams disagrees. Which of the following facts and ideas from his article had you already heard? Which surprised you the most? Has Dr. Williams' article caused you to change your mind on this issue? Explain.
-- pre-industrial Europe was vastly poorer than contemporary Africa (para. 3)
-- these once poor...countries [in Europe] broke the cycle of poverty and became wealthy without...foreign aid handouts (para. 5)
-- economic liberty and the wealth of a nation and its peoples go together (para. 7)
-- Africans tend to do well all around the world except in Africa (para. 9)
-- the worst thing that can be done is to give more foreign aid to African nations (para. 10)
-- foreign aid goes from government to government...[it] allows Africa's corrupt regimes to buy military equipment...and continue to oppress their people (para. 10)
5. To read about the ideas of Live 8, the group calling for leaders of wealthy nations to give more money and cancle debts of poor countries, go to live8live.com.
If explained correctly, do you think Dr. Williams' ideas will be popular with these celebrities? and with teenagers? Explain your answers.