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Distilling Economic Literature

Tag: Foreign Aid

Why We Bite the Invisible Hand

Philanthrocapitalism Pleases the Donors; Policies are Pushed onto the Recipients

Dr. Ellen Clardy, November 18, 2023August 13, 2025

Part 2 of a Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 17 “Bill Gates and the Pitfalls of Philanthrocapitalism” Foster next turns to Bill Gates’ call for a “creative capitalism” that he saw as a new form that would merge the ideas of caring for others…

Why We Bite the Invisible Hand

No Need for Philanthrocapitalism, Serving Others’ Needs Is Already Built into Capitalism

Dr. Ellen Clardy, November 11, 2023August 13, 2025

A Discussion of Peter Foster’s Why We Bite the Invisible Hand Chapter 17 “Bill Gates and the Pitfalls of Philanthrocapitalism” In this chapter, Foster turns his attention to philanthrocapitalism. It is some combination of charity somehow wrapped up in capitalist behavior. The most well-known current example is likely the Bill &…

Bourgeois Equality

Are Libertarians Right about Government?

Dr. Ellen Clardy, November 20, 2021July 24, 2025

A Discussion of Bourgeois Equality Chapter 16 “Most Governmental Institutions Make Us Poorer” Calling all libertarians! I think this chapter is for you. This chapter wraps up Part 2. Chapters 10 and 11 showed the Left’s explanations for the Great Enrichment were wrong, but Chapter 12 and 13 did the…

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