Lessons from Africa

Why is Africa poor?
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More than half of the world's poorest people live in sub-Saharan Africa.
Why? Why is that region so poor? There are lots of theories -- some blame a "colonial history." Others blame the weather or discrimination.
But Magatte Wade, an African entrepreneur, tells John Stossel that she knows the biggest reason from her own first-hand experience: it’s crushing government regulation.
"Once you hire someone, good luck getting rid of them for any reason," she says. Her home country, Senegal, requires government permission to fire an employee. That makes it hard to run a business. It also makes entrepreneurs reluctant to hire.
Then there's the complicated tax code.
"Some people say it's worth at least two or three truckloads of paper," she says. Hiring an accountant to wade through that is expensive for new businesses.
Magatte started a business anyway -- she makes lip balm. She has to import several ingredients that are not made in Senegal.
"Some of them have a 70 percent import tariff on them!" Wade complains.
High taxes and complex rules often lead to corruption, because people pay bribes to get around the rules. Wade says corruption "a natural consequence of stupid senseless idiot laws... the only way to fix corruption is to simplify."
Wade's business survives without corruption, she says. One reason is that she was fortunate to find a bureaucrat who helped her find a way around the ruinous tariffs.
"We found a clause in one of the binders saying actually if you're exporting at least 80 percent of your products and if you've been in business for two years then you can ask for an exemption," she said.
Well-meaning westerners often try to help Africa with aid. Tom's Shoes gives a pair of shoes to someone in the developing world for every pair customers buy. But Wade points out that such donations destroy local African shoe makers.
Instead of aid, she says, demand that rules be cut. That would create jobs.
"If I have a job then, guess what?" Wade asks. "My malnutrition problem goes poof! My uneven access to clean water goes poof. It’s just poof, poof, poof!"
“Create greater economic freedom... in all countries," Wade concludes. "So that all people everywhere get a chance to experience free enterprise."

[@DziworshieEdward-main]

Take a look feminist this is what a strong woman looks like

[@davidjwillems]

Exactly. Not crying about inequality and "pay gap".

[@sidhayes6168]

That is for sure.

[@mythbuster7538]

Amen.

[@wojtekczemas9668]

She shuld be a president of this pleace. Listen to her and prove me wrong.

[@JAG8691]

@@wojtekczemas9668 If she really tries to run for office on the platform of advancing the small and medium businesses so as to create an independent thriving African middle class then she will be assassinated.

[@MrJoshpit]

Free stuff will never pull a nation out of poverty.

[@shinku5463]

@@ka0t1k1 Free means competing against the value of 0. You can't compete with free.

[@jondeoliveira8248]

"Free stuff" is purposefully keeping several countries poor, as a way to regulate global economy.

[@jondeoliveira8248]

@Planet Purgatory Yes, it is all a scam.

[@TheTitoUgo]

But lefts love them poor and doing their best to keep these people poor... MOAR FREE STUFF....

[@jason200912]

Doms. Get your free-doms here. get it while it's hot.

[@williamfreeman3331]

I like this woman. Intelligent and motivated. Hope she succeeds in life.

[@BrownOpsLeak]

She’s beautiful too

[@kingofthorns203]

She is definitely winning.

[@uncaboat2399]

*TO HELL WITH **_"SUCCEEDS IN LIFE"_** I HOPE SHE GETS HER MESSAGE OUT!!* *I HOPE THE IDIOTS IN CHARGE LISTEN TO HER!!*

[@jenifercaterton78]

She already has, impressive women. That theory can be applied to every country that leans left,

[@hertzair1186]

She needs to run for US Congress.

[@harryhiggenbotham3317]

God bless this woman and increase her influence.

[@irekttv7742]

"Why?" - John Stossel we don't deserve this man.

[@whackycracker1987]

nei, we need him!

[@stevethegamer1308]

@cindybin2001 I don't think it just happens to white farmers

[@WyattCieluch]

It's amazing to see an adult with that youthful inquisitive spirit. We all should be asking why not just young people

[@stevethegamer1308]

@cindybin2001 I think people around the world are marginalized and targeted due to their race it isn't new nor do I encourage it. Unfortunately people don't have the best interest in humanity and others.

[@supernalhero195]

@cindybin2001 It has been mentioned severally, if it hasnt been mentioned nearly as much as you think, then how have you heard of it? Its horrific for sure but saying that its not talked about is off.

[@Kulanae]

The road to Hell is paved with good intentions.

[@daleslover2771]

Dana Summers (never finer words ever spoken)👍👍👍

[@Truckerdaddy]

Some of the worst things in history were done with good intentions

[@wojtekczemas9668]

Amen.

[@jy1235689]

I was just thinking that slogan!!

[@snideprobmx]

It's a super highway

[@katwaugh1686]

Boom. She called Hong Kong a country!

[@ekananda9591]

Well, it's a state within a state

[@daveheel]

because it is.

[@shebanadam7569]

LOL., should she fear the CCP? 😁😁

[@Vamavid]

I live in a country 🇿🇼 where cars attract a 100% import tariff. Makes citizens poor and some government workers very wealthy (a hefty bribe is way cheaper than the tarrif).

[@drb4074]

It's never worked. Government interference in the economy, especially trade, always causes more problems than it solves. But it's not so easy for the layman to grasp why. And that's why crooks are able to convince ignoramuses that it's going to solve all their troubles and make them wealthy living on easy street. As the woman in this video points out, these labyrinthian rules simply create fertile grounds for the corrupt to benefit via bribery, influence-peddling, and grifting on a large scale. Forcing otherwise good, law-abiding folks into participating in the cloak-n-dagger corruption if they have any hope of making a go in business.

[@lukazupie7220]

No that is not the reason you are poor. Countries like Denmark or Singapore also have very high taxes on cars and are amongst the richest in the world.

[@lukazupie7220]

Btw i hate high taxes. But if you have them it is reasonable to have them for cars and oil instead of earnings and bread.

[@comedytv2832]

@@lukazupie7220 they also never use cars.

[@mathematicalgeek8657]

​@@lukazupie7220 Quit being stupid. Suppose a startup needs a car to get to location Y from location X.

[@MrAreyoulocal]

Why haven't I seen this in the news....oh...I know why. It doesn't fit the narrative

[@darthutah6649]

It's easier to blame the west for neocolonialism than it is to actually fix the problem.

[@thorofhope9760]

@@darthutah6649 now the Chinese want to central Africa

[@uberplatinum1]

I've seen more whites blaming other whites for the situation Africa is in than actual Africans blaming whites. This circle jerk has to end.

[@joecaljapan]

Absolutely mind opening, another Stossel exposé that will never be examined by the mainstream media

[@sirmount2636]

It’s up to us to spread the word!

[@KAI0178]

Joseph Calandria agreed!!!

[@christopherrabaldo3377]

What will the fish eat though?

[@shackman9566]

We need to call this to the attention of President Trump and hopefully it will gain traction. If companys like Toms shoes really want help then they should sell one pair of shoes and give the value in money or time and technical expertise to help the African business build and create more jobs for the African workers. And to call the attention to the trade restrictions and rules that are crippleing the African economy.

[@bornfree8073]

Before the late 1970s, african countries were ahead of all other developing nations. He missed the part of large amounts of welfare that was sent from western nations, which enforced big governments.

[@bucii01]

Love her. She should be plastered everywhere, thank you John Stossel!!

[@izdatsumcp]

Regrettably, any of her videos on here that I can find all have less than 100k views.

[@jerrysstories711]

In the 90's I went to a talk by a retired KGB colonel, and during the Q&A I asked him why the Soviet Union fell. To everyone's surprise, he blamed Yuri Andropov's crackdown on widespread corruption. What Andropov hadn't understood, according to this colonel who had served under him, was that corruption was the only thing holding the Soviet system together. Corruption allowed black markets to flourish, and black markets were the only free markets, the only place where you could buy decent boots, tractor parts that worked, and modern personal computers. Even state industries depended on black markets for reliable electricity, adequate fuel supplies, quality rebar, and timely road repair. When Andropow made the Soviet Union live with it's actual policies enforced, it collapsed. When your rules are irrational, you depend on rule-breakers for your survival.

[@KyleChamberlin]

I love how you don't just chase whatever story is in the headlines... you bring genuinely fresh journalism to the fore. My favorite youtube channel.

[@ThahnG413]

Very much agreed before this video I can't say I ever thought about the shoe thing and my history teachers always blamed africa being poor on colonialism but now it all makes since it's because of Africa's government not Europeans lol

[@ja4120]

I love that he always plays devil's advocate for both sides. That's a telltale sign of someone who genuinely wants to learn and follow ideas to their root.

[@illbbback]

Give a man a fish he eats for a day, teach a man to fish..O, wait. there's 100 fishing laws and regs.

[@TheRisky9]

Post of the day!

[@ninjagaro.]

tax the fish

[@maxter3326]

@@ninjagaro. tax the fish you saying, they taxing air in California.

[@Justin_Joy]

2:25 Uh oh, she made an *offensive hand gesture*

[@Cyphlix]

Quick! Someone call CNN, the white supreme pizzas are at it again.

[@CreamyAvocado-jq8he]

It's no big deal in other countries other than The Divided States.

[@brushcountry6361]

Good for her. I better watch again

[@carolpahl6850]

What a beautiful woman! She said exactly what I was thinking. A government with people at the top not allowing it's people to conquer poverty.

[@dissonantiacognitiva7438]

No more money for Africa, zero Africa must evolve by their own effort and resources

[@Darth_Insidious]

The only things we should be giving to Africa are infrastructure and teaching. They can handle everything else.

[@midmichiganrr24gp9]

agreed. I think Africa is the most resource rich continent as well? (correct if wrong) . Figure it out and no more hand outs. And no more running away to our countries.

[@dissonantiacognitiva7438]

@easy deism aside from being wrong what's your point? Directly did not donate nor would it Indirectly the government does it via taxes that it opts to distribute as foreign aid, and since I pay quite a bit of taxes I am not happy with the situation

[@ophello]

Dissonantia Cognitiva yes but before that, they should change their laws.

[@dissonantiacognitiva7438]

@easy deism and you are amazingly smart? When people stoop low to insult others it proved their level of intelligence, since debate is not their strong point

[@rynoix5259]

I agree. There are too many unnecessary and stupid laws. This coming from a guy who lives in South Africa.

[@TransConservativewaifu]

Yo good to see another south African.

[@rynoix5259]

@cindybin2001 That's right. It's a bloodbath out here.

[@teevee5923]

@cindybin2001 which country do you stay at?

[@Gitn2it]

This is why President Trump was elected. He approaches prosperity using a business model while most politicians regulate businesses by using a government/political model. President Trump understands that less government regulations helps us all.

[@TGTDestiny]

Are you white? You better move before that Julius guy starts his genocide on whites.

[@Betcsbirds]

I wish US pols would see this and actually stop with all the foreign aid.

[@teosamarzija]

Why the hell would you stop the foreign aid? At worst, it makes no difference.

[@Emppu_T.]

@@teosamarzija it would be better if they enabled more business

[@teosamarzija]

@mike a Sure, most charities are less than 50% effective. But at least some money goes to the poor, and that money is worth to them far more than it's worth to us.

[@cyn3rgy759]

They aren't interested in this. They are to worried about maintaining the theater that they provide for the herd.

[@cyn3rgy759]

@@teosamarzija this woman just explained it. You weren't listening.

[@tonycatman]

I've a friend who moved here from Johannesburg. The rules for employers are insane. Having employees is so much hassle it just isn't worth doing. Between minimum wage, quotas, working hours, sick days, holidays, nationality of employees, age of employees, gender, pensions, disciplinary action, unfair dismissal laws, you barely get any time to run your business. And there's no shortage of lawyers willing to take an employees case either.

[@vaughnprecision]

Wow.! She makes some great points.! Never thought about it that way before, because of the BS we are fed on mainstream media.!

[@jeandidierly4536]

@KZbin Customer Support your completely right sending money is not really helping what Africa needs is a more free economic system..

[@drx1xym154]

@@jeandidierly4536 -- and stable governments that work FOR the people, instead of for the governments own self interest. These issues are much like the regressive leftist in the USA and also the "Democratic Party" in the USA. These regressive Democrats have it in their heads that they are our rulers and we will get the scraps or nothing and like it.

[@jeandidierly4536]

@@drx1xym154 exactly

[@jeandidierly4536]

@@drx1xym154 what's is surprising is the American left is actually promoting the same thing happeniy in Africa in the USA which is really dangerous cuz it will destroy your country and then ur country..

[@kma3647]

@@jeandidierly4536 It's the same idea as with handouts to panhandlers here. You don't really know their situation. If you give a handout, it helps them only in the short-term, but never resolves the long-term or underlying problems to help them get off the drugs, off the streets, into employment, and into a house. Africa needs to be able to exploit it's own resources. That means it needs entrepreneurs and leaders. It needs capital that they earned (not a handout). It needs a self-sustaining growth model. It can never have that when rich people are handing out billions to a small handful of government officials - this woman describes exactly what happens. Most of it is stolen and diverted to well-connected people, and the stuff that does arrive outcompetes any homegrown business. Handouts are always a path to sustained poverty. Look at an American Indian reservation, or the urban inner city ghetto or barrio, or the rural trailer park. Dependence breeds further dependence.

[@noahbody2514]

Well there you go,,,, the issue is when the U.N. gets involved

[@LisaCupcake]

The problem is when any government gets too involved. They make everything more costly, more time consuming, and more complicated than it has to be.

[@cj09beira]

they came to supervise elections here, and left as soon as counting began :|

[@wkdravenna]

Ugh the UN getting involved is like the kiss of death.

[@II-tv1fc]

Rhodesia remembers

[@noahbody2514]

@Paul Greening I must agree,,, sadly

[@nasgothus]

I ain't buying this. I've seen the technological advancements in Wakanda with vibraenium.

[@drb4074]

Man ain't wrong.

[@jeffpadilla9891]

Shhhh you will give away the location

[@TrueGritProductions]

Mugabe's vibranium tax is stifling innovation and creating inequality

[@jeffcarter1610]

I sent something to my friend that had a declared value of $1500 and they had a 60% tax on it, which added $900 to the gift, and I couldn’t pay it, until I had to reassess the declared value, and said that it was a gift and still had to pay a 60%, on a lesser figure

[@WSmith1984]

Yes, but they are an insular society that kept their technology secret.

[@Mister_NO.]

"But what gender does she identify with?" -...asked liberals the most important question.

[@icallgreens89]

She made a great point about the shoemaker, never realized thats how it works. The media makes Africa out to be just Ethiopia.

[@khaccanhle1930]

You never realized that handouts destroy economies? This is the problem, ignorant people on rich countries destroying the livelihood of people on poor countries.

[@BeachsideHank]

@@khaccanhle1930 I'm sitting here right now in Florida waiting for a hurricane to pass by; you just convinced me that it'll be criminal of me to send handouts to the just obliterated Bahamas, I'd be destroying the livelihood of some lucky survivor.

[@midmichiganrr24gp9]

true. If we keep giving them free stuff they'll never learn to fend for themselves. Thats why it doesnt work.

[@joshuawebb3337]

Yup there are very wealthy ppl in Africa as well. Knew a guy that imported cars from America to Africa because they couldn't get them over there. He was selling common cars for 6 figures over there. Like Toyota Camry's for $100k us. I asked how they could afford that? I thought everyone in Africa was poor? He said there are alot of poor, but also many very wealthy

[@another90daystochangethis34]

@BeachsideHank Yeah, a hurricane is the cause for the hard rules businesses in the Bahamas must work around with. You're comparing apples to oranges.

[@TXLionHeart]

Sadly, this African woman is more American than the majority of my fellow citizens...

[@lizr7157]

🤣🤣🤣 so true

[@fbyi2940]

Do they hurt your feelings?

[@CR-ej6nl]

@Proline Welding Ltd. what a disgusting person you are. 8 other losers liked your comment and you came back proud of it. You definitely got bullied as a kid didn't you lol

[@holzmann8443]

You may be more right than you realize. If you look at her facial structure, she is definitely not fully African.

[@holzmann8443]

@Aissatou Doumbia Ahh, thanks for the insight! Yeah some "europeans" have huge, hooked noses. That is how we distinguish the troublemakers from the good ones.

[@shawnhampshirehick4970]

She now needs to get in African government. She would change Africa.

[@dolphineachonga8724]

The oligarchs would disappear her before she even tried. It's a system of mutual benefits between foreign monopolies and bureaucrats and business mafia in the continent.

[@Freedom-yz7dn]

That feeling when you think, "Oh, a John Stossel video, this one looks good" then when you get into the video, you find that you've already liked it and added it to multiple playlists.

[@BenDover-zq6ey]

Wow, this is something I genuinely did not know At all that was going on. John stossel goes to prove again that he’s the only real reporter for the 2792929rd time

[@TheRisky9]

@@zebradiahshyperlapse2339 The IQ difference is based on some junk science..

[@mysteriousdude280]

I truly and wholly approve this message and am in Africa

[@nullvoid564]

@Patti Morris Give them a fish they will eat for one day, Teach them to fish and they may eat for a lifetime.

[@nullvoid564]

@Marco K During the Cold war many of these then newly independent states were annihilated by both the Soviets and the Western Bloc if it went against either superpowers strategic interest. Lots of baggage from the chaos cripples these states and many in the international community want to keep these countries from developing while at the same time role playing as its Savior. Look up "Price dumping" if you don't understand why so many donations are sent. Both native tribes and settler diaspora farmers are targeted by certain groups with aid form international community for strategic purposes. Oh and look at Libya if you want to know what happens when they notice a developing country become developed while going against the strategic interests of the petrodollar

[@nullvoid564]

@BCLR 1703 Africa has tonnes of untapped resources and some of the most fertile land for crops, yet it goes undeveloped. Keep in mind what entrepreneurs cannot compete with free, Keep in mind these welfare programs increase the birthrate without increasing the opportunities. They may be given enough to have a large family but there will be no jobs for those people. and its not always because they are lazy or unwilling, In S.A. plenty of people are going down abandoned mines to search for gold etc kzbin.info/www/bejne/qYe0iHmjrpd0lc0 This is often done by gangs who often use coerced Labor and damage other mines over turf wars which leads many trapped plus the infrastructure is no longer maintained to a safe standard like it was in the past. The reason they cant get legal jobs and mine normally because South Africa has declined so much due to mismanagement.

[@mattm7798]

I love this woman!

[@snakedike]

This is so spot on. Never give sustained hand outs to someone you are trying to help out. Give them a vision and opportunity.

[@GeneralG1810]

Pfft most of the money sent over seas disappears into the pockets of politicians

[@gulfrelay2249]

Remember when it only took 47 cents to feed an African child? That's how much was left of 1.00. Now it's 18 cents.

[@tedh.8356]

True!!

[@99Michael]

I thought Bono fixed all these problems years ago?

[@basketofdependables4244]

not fixable. much scientific research exists indicating low IQ, low impulse control, and high testosterone is the deadly trifecta that afflicts those people.

[@tyrionlannister6459]

Basket of Dependables and white supremacist like you telling them you’re their sun and moon

[@roybaty7439]

Imp - How many people do you know who would like to move to a black neighborhood? Answer, Zero. How many blacks want to move to a white neighborhood - all of them except the drug dealers. "Every black man wants a white woman" - Malcolm X.

[@TheTitanJesus]

We fucked and continue to fuck Africa for money. Jesus christ get a history book not made for schools.

[@geneclemetson4779]

Lol, maybe if Africans weren’t so weak and “fuckable” they would still be getting “fucked” in 2019. How is it that the entire rest of the world has found ways to develop and solve its own problems but Africa is still begging everyone to fix its problems.

[@outofbluepills]

"I know it came from a good place, but can you just think further down the road?" Not if I'm a "liberal". Liberals see suffering in from of them. "Send help!" is as far as liberals can think. They can't ponder unintended consequences.

[@bryonmiller6311]

They don't give a shit about unintended consequences, it's all about virtue signaling and getting high off their feeling of moral superiority, they're selfish and narcissistic, disgusting human beings.

[@exoforlife6443]

​@@bryonmiller6311 I was having a discussion about such topics with a group of people. At the end i told them I'm a conservative libertarian. A guy told me i wouldn't have talked to you if i had known without hearing the things i had to say. The girls told me i see suffering of the people in all the world. The hypocrisy is that i come from a struggling family in Albania, one of the poorest countries in Europe. I'm a engineering student and i work to pay for everything myself and yet these people from France, Germany, Spain talk about Africa when they have poor countries in their own continent and don't help. They only complain about the rich, coming from wealthy families themselves, and try to teach me about poverty, struggles and inequality without working a single day. Already with bachelors and 2 masters which get payed by their parents who live in an "unfair system''. i don't get it. When i called them out in their BS and hypocrisy they told me i don't have a heart and think too coldly..... like i dont get it

[@exoforlife6443]

they were liberals thats why i replied to your comment

[@michaelcombrink8165]

For years I have assumed government mismanagement was a factor in Africa's struggles, but I was always hesitant, media blasts the idea that Africa is just this big dessert with no way to grow food, little water, etc This clears things up so much

[@fradd182]

Africa's poverty ".. tied to its colonial past". You mean, tied to the guys who built every single piece of infrastructure that existed there, in a literal early stone age environment?

[@scottmiller4295]

even china clowns on them for running that stuff into the ground.

[@imustbecrazy5626]

Well said sir. At least someone else noticed.

[@snappycenter7863]

The problem is there were tribal conflicts and locals fighting over valuable resources, then Europeans and the Middle-Easterners played off that for their own gain. All that's needed is a more widespread good work ethnic, less government corruption and resolution of tribal conflicts and the countries of Africa could thrive; if they did this and united like the U.S. then Africa could become a superpower.

[@onefastr6]

It’s still mostly Stone Age. Just with more handouts that keep them afloat(which apparently is oppressing them). So I’m confused, so by helping them, we’re not actually helping them? 🤷‍♂️

[@supernalhero195]

@@onefastr6 How would you know? Have you lived there? Its not a stone age if people have access to 4g data technology dont you think? Its just mismanagement and corruption plauging African countries. And the handing out of any kind of aid, thats a problem as well.

[@smartjoe5258]

It's always a good day when Stossel uploads !

[@carneeki]

It's always an educational day when Stossel uploads :D

[@hshs5756]

This was one of John Stossel's best... and that's saying a lot when they're all good!

[@thecretchman]

I love her!! She's amazingly well spoken.

[@markusnortier473]

I am from Africa and agree fully with this woman.

[@gregmaxwell7636]

"Helping Africa" has been a liberal policy and practice since the 60's. It's always been a feel good patronism and will be for the next 100 years. I love this woman.

[@BillGreenAZ]

Me too. I want to marry her.

[@couchgamingnews9379]

Why would we help that dump if it's the people who are corrupt

[@epkoknol9131]

@@couchgamingnews9379 like she said. The corruption isn't that really "bad" part. It's the fact that their own government is shit and more corrupt themselves.

[@mary4776]

The urge to save humanity is almost always a false front for the urge to rule. H. L. Mencken

[@lukasmccain3529]

Now that was a gentile that had his thinking straight.

[@kimberlygabaldon3260]

I love this woman! 💖💕 Good luck, Lady! I think you've got the right idea.

[@sexycavetroll2788]

So glad to have found this channel. We need more people like this. Doesn't try to make it a personal "the other guys are evil" thing. Just using facts and common sense to show the flaws in current thinking.

[@TheTektronik]

Central control doesn't work.

[@jeandidierly4536]

Exactly and that's the problem in Africa...

[@TheTektronik]

@zerocooltx the Philippines is a screaming example of central control but it's people are too dumbed down to see through it. The more entrepreneurs are restricted the more they'll find ways to evade it.

[@zombiedude347]

It doesn't work in government just like it doesn't work in business. Decentralized decision making is the fastest means of progress.

[@kirstinstrand6292]

John Stossel asks the logical, smart questions about inefficient Governments. Right now, Africa is on his radar.

[@endless3cho]

The world needs more John Stossels. We must clone him. We have the technology, it can be done. 😄

[@shanena5322]

He should have flat out said "goverments can not tax their people to success"

[@SL2797]

"Inefficient government" is redundant

[@TheRamGuy]

This is called real journalism

[@hammereddogsht166]

That was helpful information thank you.

[@KittyCentral12]

Never thought about companies like tom's that way before. Thank you, John!

[@RJT80]

It's really pretty depressing because while the consumer might not think that far down the road, you know at least someone in the boardroom has. And that is really quite despicable.

[@SB-or5mj]

Not only the issues brought up here! But in some villages, Africans just don't wear shoes! Some Westerner comes over, see's kids without shoes and thinks "oh my god, these poor kids don't have any shoes. We need to help them". When in reality, some of them just don't wear them. It's a cultural thing lol.

[@gostavoadolfos2023]

Whenever they use colonialism as an excuse I use the Asian former colonies as a counter argument. Then I shame them and question their dignity and even their humanity.

[@troystpaul100]

India, Pakistan, Bangladesh all former colonies and shitholes located in Asia.

[@yunusahmed2940]

Kinda racist

[@yunusahmed2940]

@Impervious How do natural resources and the system of government affect IQ? Aren't you the guys who claim it is only a genetic factor and no matter of study will allow you to increase your IQ significantly?

[@abradolflincler726]

Singapore, Hong Kong, Macau. All former colonies located in Asia. P.S. India is one of the fastest growing economies in the world.

[@antony6799]

@ impervious Average iq by country; Sierra Leone : 91 Croatia: 90 Serbia: 90 Albania: 89 Guess those African bushmen won in this one

[@Rocio36800]

Thanks for always educating me 💓

[@BadUncleIke]

Awesome job on this topic!

[@antony6799]

I’m from Africa and everything said in this video is true. Long ago Africans had decentralized forms of government, we had markets, zero or low taxes and trade with the Chinese Arabs and Portuguese thrived. Infact one of the richest person in history mansah musa was African and he built his wealth on trade.Africans need to go back to their decentralized indigenous systems with small government If they will ever prosper.

[@sirmount2636]

Hopefully they can return to such a system. The USA did best when they held to that system too. Everyone does better with decentralization.

[@endless3cho]

In my personal opinion, I believe that some of the foreign aid sent to the nations in Africa has stifled it's people's ability to succeed and advance. For example, if you can't even start a small business because some country flies in 100 tons of rice when you were supplying the ppl with it they've just destroyed a business. They've destroyed the person's ability to make money, the business and trade between farmer and person selling rice (or whatever), and the many other things that come from ppl being able to trade with each other both locally and across the continent.

[@daniel2004ism]

@cindybin2001 sorry to disappoint u africa will have the largest population by 2050. Also according to IMF the fastest growing economies are in africa

[@cj09beira]

@cindybin2001 its really bad sure, SA is turning into Zimbabwe 2.0 but wishing death on all of them isn't the way forward, there are many people which aren't racist black supremacists, and they shouldn't have to pay for other people's sins

[@salazarpayne3784]

Obama, Hillary, and the zionists had Quadaffi bayonet it up his ass hole because he wanted to unify Africa under one gold standard currency.

[@rons3634]

That is one smart lady. She'll overcome whatever she needs to. It's just a shame that she has to overcome so much crap.

[@moeshalabi7205]

She makes such articulate and convincing points. We need to listen to people like her and I'm glad she's vocal about it. Change in Africa will start with people like Magatte.

[@nicky3538]

Nice, thank you for this report.

[@Auburndad50]

Cant wait to see her on TED. Oh, wait, that will never happen.

[@morningcoffee5184]

Ted is getting so far left that I decided to unsubscribe.

[@DioBrando-mr5xs]

SO WE LOOKED AT THE DATA

[@morningcoffee5184]

@Gary Oak , 5 hrs ago. I unsubscribe from TED about 2 years ago.

[@TheRisky9]

There'a nothing wrong with looking at the other side of the argument. Different ideas are good. The issue with TED talks is that they've given the other side without debate.

[@jpg7616]

You’re welcome. www.ted.com/talks/magatte_wade_small_business_solutions_for_a_more_robust_economy?language=en

[@randalmarrs1112]

You cannot balance the human equation. Any bureaucracy to create equity just makes more inequity.

[@khaccanhle1930]

That's the point maybe. Bureaucrats ask for power to help the needy. This allows them to use that power to enrich themselves. This creates more needy, which then allows the bureaucrats to ask for more. The cycle repeats, and people demand more of the poison that created the problem. Any challenges get met with, "So you hate poor people?" Sounds like a sweet racket to me.

[@snakeslitherin6175]

We should just help revolutionize the country but after we fix all of our STUPID SHIT!

[@DNSMLT]

Very eye opening!

[@kofiofosu9051]

John, your journalism is refreshing!

[@AlpenSkyWatcher]

Foreign aid = inflation, corruption, no working incentives, no self-sufficiency etc. Not good for long term development. Got to work on food self-sufficiency, developing local businesses and industry, creating more jobs, law enforcement, building infrastructure etc. The long and painful but rewarding gains.

[@Jkub101]

Same can be said for welfare

[@buschwacker3254]

Thank-you, John Stossel. This woman is brilliant!

[@martingaudreau7677]

Great video!!!

[@voronOsphere]

Excellent Lesson! Thanks!!

[@hmw_kamikaze3885]

Great video! “Teach a man to fish” type-thinking. Helping people help themselves.

[@TheRisky9]

There are so many effective ways to help do that. I know a church that taught a business class so that people would know how to start a business, price things effectively, and market their business. There was once a wealthy entrepreneur who started really helping people. What was happening in the country is that it only cost a few hundred dollars to start a business in a particular country, but banks would only loan large amounts of money. So he started "Penny Loans" where he only loaned that few hundred dollars that could easily be paid back with interest by the borrower. People don't like him because he made millions off of the loans, but no one ever talks about the number of people who were helped because of him loaning them amounts they could actually afford to pay back.

[@davidlink8454]

That's right, giving free only hurts their economy

[@rob1248996]

But you need a "fishing license" of course.

[@hmw_kamikaze3885]

rob1248996 You must be from the uk. They have licences to obtain licences for licensing their licensors. lol I don’t think that adds up btw.

[@damo5701]

"Give a man a fire and he'll be warm for the night, set a man on fire and he'll be warm for the rest of his life" said a comedian somewhere.

[@rayalbertogutierrezbalanza4206]

Same situation in many Latin America countries.

[@grooveman222]

Same situation in manyof the U.S. inner cities.

[@kthemaster1999]

@mike sixx White people were fucking trees when brown people were building empires.

[@sefp]

mike sixx Rwanda in Africa has cleaner cities and lower crime rates than many European countries after government reform under kagames leadership.

[@MrFram]

@mike sixx Russia is white yet ranks 138 in corruption perception index (same place as Mexico)

[@MrFram]

@mike sixx well, you said "I denounce the notion that white countries would be as corrupt" and that the root is racial. My point is that the root is not racial, but cultural

[@anutaNYC]

This is super interesting topic!!! I’ve long questioned issues in Africa!!

[@soarhighyandow9109]

This is completely eye opening. Thanks!

[@randoereddit8490]

I just found out John Stossel is 72 He looks like he's in his early to mid 50s

[@RJT80]

Who does this kind of reporting anymore? Who would fill his role? There should be dozens of journalists/reporteers like this and then we might make a dent. But it doesn't make them money so we won't.

[@randoereddit8490]

@@RJT80 I don't know, but as long as Stossel stays with us, he'll keep fighting them.

[@gerryvandepol8666]

Always loved Stossel.. mr common sense... not a left wing tosser

[@kekistanifreedomfighter4197]

Those in power will do ANYTHING they can to stay in power & get richer.

[@OnochieAfigbo]

Great interview. I love your content, Sir.

[@ellenchevarie1723]

Thank you for speaking out

[@Hath.0]

More people need to see this, true journalist are an endangered species. Mr. Stossel, always has a great meaningful topics.

[@Jubeidono2012]

Remember this B.S. on TV? If you donate $0.05 a year, we can provide education, cloths, food, a home, and jobs to these people.

[@timeto_rise]

When you realize none of the cents even got into those poor nations

[@Divine_Beauty-uh9xi]

This is eye opening!

[@NikhileshSurve]

I've seen some old Ted Talk videos where the speakers talked about the problems created by continuous flow of foreign aids in many African countries. They were basically suggesting instead of giving financial aid to their govts they should invest that money in small businesses. I think Africa needs a Libertarian movement, may be it starts from one country & spreads like wild fire or Arab spring.

[@jaycweingardt11]

Thank you for doing actual Journalism, I love you John, you are one of the best people in the world

[@bonnevillebagger9147]

jaycweingardt11 really this is activist journalism, it’s just from a libertarian standpoint. Just because we agree with something does not make it “real” journalism. But IMHO Stossel is right about 97% of the time.

[@jaycweingardt11]

@@bonnevillebagger9147 this is good journalism, hes not being political just pointing out a corrupt systems causes, i don't know what you're on about...

[@dragons_red]

@@jaycweingardt11 he's right. I like Stossel as well, but make no mistakes he's only presenting a very narrow perspective on this this supports his argument. He's not bringing anybody in the counter argue the point he's making, and he's not even presenting them himself. He's very good at highlighting things that don't normally get talked about, but let's not pretend that this is not politically motivated journalism. He's clearly pushing the angle he supports

[@jaycweingardt11]

@@dragons_red You are asking too much, as far as journalists go John is one of the Gems.

[@bonnevillebagger9147]

jaycweingardt11 the number one rule of journalism is impartiality and showing no bias. You have to be ideologically consistent otherwise we become hypocrites and have no merit when arguingagainst fake news like msnbc, npr, and cnn.

[@reneeodayok859]

I'm such a silly person that knows nothing. Thank you for this. I learned something new and useful today.

[@softballsoccerball]

Thanks John.

[@Jacob.Seth.Pulcifer.]

Real.

[@mars856]

You'll never see the MSM going near these stories. Thank you John Stossel.

[@eudofia]

@Max Bridges> Yes, the MSM went near these stories. In fact, Stossel used to have a program of this nature on Faux News, until it was canceled due to poor ratings. I guess people got tired of his constant bashing of the government, even Faux News viewers who are used to this sort of propaganda. He used to pick on some law or regulation, and then blow it out of proportion just to prove his point and promote his agenda. I used to wonder where he went when he left Fox. I guess I have found the answer. In Africa promoting his hatred of government. If there is one thing Africa needs, it is good governance, reduction in corruption, and enforcing the rule of law. Fewer rules and all these countries will turn into Somalia where there is no government, and sea piracy runs rampant.

[@wifegrant]

Corruption, regulation, murder, unskilled leaders and tribal/identity politics...This is my home, and the reason I left.

[@koilamaoh4238]

Don't forget religion... these death cults are the most dangerous of all, from muslim to christian, to jewish.. ITs all a deathcult. Very dangerous and lowers peoples intelligence.

[@xXJeReMiAhXx99]

@@koilamaoh4238 yeah that's why USA and the various european nations that practiced christianity are low intelligence undeveloped countries, oh wait they're the best in the world. spare me the atheist dribble, I have no interest in anyone's personal beliefs but the message you spread is complete garbage and all too common, how ironic that more often than not it's libtard atheists with socialist, collectivist, environmentalist mentalities that go around accusing everyone else of holding humanity back.

[@Helmutlozzi]

@@xXJeReMiAhXx99 Europe has had many religious civil wars that has ended up giving us more freedom. Sadly the middle east didn't have their own reformation and Islam is still as backwards as ever..

[@thunberbolttwo3953]

@@Helmutlozzi The last religous war in europe was the 30 years war in the 17th century.Thats 400 years ago.Making them irelevant.

[@genli5603]

Geez, I thought you were talking about the road the US is turning down right now....

[@xc_4x4]

Wow this greatly informative and I will pass the truth on

[@naijapropagator9244]

Thank you

[@Altojames1]

Sounds like they need to MAGA. Make Africa Great Again 😂😂😂

[@lynncw9202]

"Again''? Africa was never great, but was getting there. Then Africans wanted to take over governing their own countries without any experience at all. So they ran around like headless chickens and refused advice from any Western experienced countries. But no!! Let's do it for ourselves... And look where they are now!! Regressing back into the 18th and 17th centuries. Simply through stubbornness!!

[@lynncw9202]

@EthnoEuropean's CountriesAreBeingInvaded yes it was. A proper developing country. But I understand that it shoukd have been governed by the majority and not the minority white people. The trouble is the majority have no experience and no idea how to run a big country without advice and guidance from either western or Eastern countries that have hundreds of years of experience.

[@lynncw9202]

@Europa Uber Alles :) :) :)

[@lynncw9202]

@Europa Uber Alles haha, you did,.. a good laugh! Thanks.

[@lynncw9202]

@EthnoEuropean's CountriesAreBeingInvaded there were fewer people in the country but as soon as the ANC took over millions of people from other African countries came down to SA thinking that now it was 'Free', they were going to get work and live freely in South Africa. Unfortunately that caused a massive unemployment rate and now we have millions of out of work people.

[@Bwakcmo69]

Governments know exactly what they're doing. They do this because it makes themselves more powerful. It's all about power.

[@extranolugar4588]

Fantastic video - I'd never heard this side of the issue.

[@marymacdonald1651]

Really good video.

[@sugarpump]

Great joyrnalism, John! I had heard something to this.... but this gal you interviewed was fantastic in thoroughly explaining the plight of African economy.

[@heithwatkins]

The road to Hell is paved with good intentions. Freedom and liberty are the best answer. No other government has helped bring people up, more than capitalism. Equal opportunity is the best we can get this side of the grave. Not equal outcome. God bless you all.

[@jondeoliveira8248]

Capitalism is not a government. It is an economic model.

[@heithwatkins]

@@jondeoliveira8248 Agree.I was simply speaking of our American system.

[@robinsonjesusgiraurengifo9561]

Wow! How is it that we dont see this

[@giannisforprez1271]

Yea… she gets it. May god bless you ms.wade

[@ColemanOutdoors]

"With every shoe purchase we will pay off one African politician."

[@GeorgWilde]

Infrastructure and skills wont develop upder flood of handouts and debilitating regulations.

[@denniswood6791]

This would also be true if socialism overtakes America.

[@samuils]

UN should have a placard on their doorsteps "Road to Hell is Paved With Good Intentions!"

[@markoverton3162]

Totally agree 👏👏👏

[@darylbutler5728]

The keys words there were the last 2 spoken: Free Enterprise

[@Chelluh1]

Bernie, AOC, Pocahontas, What do you think? I know more Government is best! (Sarcasm)

[@tylerwolf42]

Boom. This is so eye opening. That lady is on point.

[@bigdeal39]

Smart Woman...a great spokeswoman for Africa ! I hope she continues speaking about Free Enterprise !!!