Timothy Geithner and Bill Gates: A New Initiative to Feed the World

Tax Cheat Geithner wants to feed the world. Excuse me, if I'm not impressed.

"Today, the United States, Canada, Spain, South Korea and the Bill & Melinda Gates Foundation are making a commitment to fight the threat of global food insecurity. Together we are launching the Global Agriculture and Food Security Program, a new fund to help the world's poorest farmers grow more food and earn more than they do now so they can lift themselves out of hunger and poverty."

Timothy Geithner and Bill Gates: A New Initiative to Feed the World - WSJ.com

In one of my other lives I worked in the agricultural credit field on a US AID grant. Fascinating work. One of the most important things I learned was that there was no shortage of food, no shortage of calories. Even using outdated and non-scientific methods (although the push for the green revolution was huge in the 70s). No. It was corrupt governments and bad infrastructure that caused hunger and starvation. Crops rotting in the fields due to civil wars, or no roads, or no trucks to bring them to market or ports. Or pirates when the food stuffs did get there. And in the 70s, malaria was under control--all that has been made worse by environmentalists removing DDT from their tool box.

So if this aid is going to farmers we aren't going to see much change. In fact, there's very good evidence that foreign aid, particularly from former guilt-ridden colonial European countries has actually hurt many third world countries by ruining their markets for their own products or creating dependency on government aid.