How the West Was...Lost?

Wednesday, February 16, 2011

It’s said that the road to hell is paved with good intentions…But does that apply to the leaders of powerful countries? What if programs that were intended to help Americans — things like pensions, healthcare, and subsidized housing were hurting us instead? Dambisa Moyo is an economist and author of the new book: "How the West Was Lost: Fifty Years of Economic Folly – and the Stark Choices ahead."


Dambisa Moyo

Produced by:

Kristen Meinzer

Comments [4]


The mentality of the leaders of Africa does not reflect development.This is because the tendency of the African economy is fragile to the present fiscal policies of the west. We cannot grow our economy without responding to the world development report in 2009, where developed economy measures technological advancement rather than mere export of raw materials. Simple development components, Africans leaders do not even apply them. How then their economy develop? Unless these generation of leaders in Africa allow the youth with the technological and developmental mindset should come to the leadership positions, it will take another century before Africa can compete the west.

Oct. 20 2011 09:19 AM
Henry Kipson Donkor from Ghana, west Africa

I think there is a scouge in the tenacity of the West. The rigidity of certain economic policies caused the smudge. Thank you Ms Moyo for your profound research into West. God bless you. we the book here in Ghana.

Feb. 18 2011 02:07 AM
Boris DeLaine from Durham,NC

Ms Moyo made several thoughtful points but she severely neglects the role of CEO and the State in the creation of condition facilitating "decline". Many people in the US believe that all innovation must originate from private sources, while in China, the state manages an industrial strategy to support employment growth. American CEO are leaders of transnational corporations instead of American corporations and displays their loyalty to their transnational shareholders and their personal compensation. She neglects the fact that expectations are rising China and India such that wages, benefits, pensions and health will be entries on the corporate budgets.

Feb. 16 2011 10:09 AM
Blue LeStrange from Brooklyn

The author Moyo seems to believe that the world should be in a state of constant conflict and competition between nations and economies. The point seems to be that nothing matters except Capital and the dominance of money and moneyed entitites, where humanity and quality of life for the vast majority of people is secondary or comes last in the rat-race game of economic warfare.

Feb. 16 2011 10:02 AM

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