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The Aid Trap: Hard Truths About Ending Poverty Page ix (9 of 216)
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The Aid Trap: Hard Truths About Ending Poverty resources
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preFACe
THe soFTwAre oF prosperiTy
FStreet is in crisis. The effects have spread throughoutor the third time in a little more than a century, Wall
the world. The previous crises of 1907 and 1929–32 ended
when the American business sector recovered. Around
the world today the response so far has been the same: to
shore up each country’s local business sector. We see a
global consensus among prosperous nations that a thriv-
ing business sector is the source of their prosperity. They
know that their local businesses are the only hope to have
enough good-paying jobs for the majority of their people
on into the future. These nations are taking massive gov-
ernment action, not to replace the business sector but to
revive it.
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