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That afternoon, [Wolfowitz] took part in a panel on foreign aid with Bill Gates, whose philanthropic foundation has an endowment of $30.6 billion; William Easterly, an economist at New York University who is a well-known skeptic of development policy; and Ellen Johnson Sirleaf, a former bank official who is the President of Liberia. The discussion was held in a large auditorium, and every seat was taken. Gates and Easterly quickly got into an argument about the efficacy of aid programs. Easterly pointed out that research had failed to demonstrate any link between aid and economic growth. In the past forty-two years, he said, Africans have received five hundred and sixty-eight billion dollars in aid, yet there has been no appreciable improvement in their living standards.

Continue reading "Mr. Gates Goes To Davos"

AIR SUPPLY: Eric Klinenberg’s new book, Fighting for Air, examines how corporate ownership and control of local media has remade American political and cultural life. Klinenberg, a sociology professor at New York University, is interviewed by Michael Fancher, Seattle Times editor-at-large.