Foreign Aid is a ridiculously complex topic. I really enjoyed diving into it in today’s video. I’m afraid I probably oversimplified things, but I’m excited to learn more about this topic for future videos. The first thing I noticed about foreign aid, is that contrary to the way we talk about it in US politics, very, very little money goes into this. The exception, from the US perspective, is aid that we give to countries who turn around and use most of the money to buy US weapons. Egypt, Israel, and Jordan, our three largest recipients, are all examples of this. Countries we have destroyed, like Iraq and Afghanistan also get a lot of money, for obvious reasons. As this video illustrates, foreign aid is mostly used for short term political uses, not to pursue larger humanitarian goals.

There certainly are really great things that foreign aid has done. Helping to stamp out AIDS and other diseases in Africa is one great thing we do. But a lot of that is private charity, and all of those efforts combined are chicken feed compared to the military related aid that the US shovels down the throats of multiple countries. The EU structural funds, one of the topics of today’s video, are an example of enlightened self interest. The rich European countries know that the best way to ensure a peaceful continent, and avoid having to have much military spending, is to fire hose money into the poorer countries in the continent. I wish the US did more of this. If the cost of a single aircraft carrier was spent on aid to Tunisia, we could really transform the region, and the world, for the better. It’s a shame we don’t do that.

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Video Transcript after the jump…

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