Oldies But Goodies: Barack Obama and the Cruise Ship Theory of Underdevelopment

From time to time, I'll recommend--hope you don't mind--reading (for newer subscribers) or rereading an old article that has some current value. In an attempt to explain how countries develop successfully or stagnate, I wrote "Barack Obama and the Cruise Ship Theory of Underdevelopment: A Formula for...Permanent Underdevelopment." It shows how well-meaning policies of the kind in power in much of the West today make things worse. Hope you might consider taking a look.