Jamal Awil

← The Road from Mont Pèlerin

A useful analogy is with the money people give to street people. [fact]

In a recent article warning of the "threat to economic liberty from international organizations," Lal offers a critical assessment of the World Bank, writing that the institution's "foreign aid arm—IDA—largely serves as an instrument for assuaging Western guilt. A useful analogy is with the money people give to street people, knowing full well that this will be used to fuel their drug habits or alcoholism, as it makes them feel virtuous" (2005, 517).

Philip Mirowski & Dieter Plehwe (eds.), The Road from Mont Pèlerin, loc. 1776