"The idea that trade and free market capitalism is the surest path to prosperity has been proven by the facts and by history, Pigott said, adding that those calling for aid not trade were really arguing for lining the pockets of a corrupt NGO industrial complex."
"The initiative described in the cable is an attack on the obligation of wealthy nations to provide tens of billions of dollars in annual foreign assistance, alongside what the Trump administration characterizes as an endorsement of free-market principles as the primary vehicle for global development."
"A state department official explained the initiative's four stated aims: advancing pro-business reforms in developing economies; facilitating government-to-private sector dialogue to attract investment; highlighting countries that have pursued free-market development; and brokering business partnerships between developing nations and US companies or international organizations."
The Trump administration is formally enlisting foreign governments to support a trade over aid declaration, moving away from direct aid to poor nations. This initiative, confirmed by State Department spokesperson Tommy Pigott, rejects the traditional aid model in favor of trade and free-market capitalism as the path to prosperity. The initiative aims to advance pro-business reforms, facilitate government-private sector dialogue, highlight successful free-market countries, and broker partnerships between developing nations and US companies. Humanitarian aid is diminishing globally as this shift occurs.
Read at www.theguardian.com
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