Better

(cont'd)

Rock star Bob Geldof is changing his approach to Africa's problems. After decades of demanding aid from the people and governments of the West (and getting it), he now advocates business investment. 

Health or famine crises call for humanitarian aid to ease suffering during emergencies. But the billions upon billions of dollars of development aid that went to government programs over recent decades was often squandered. 

Instead of raising standards of living for the people, it more often funded armies and lined the pockets of dictators. This was Dambisa Moyo's point in Dead Aid.

"Bob Geldof, once the unlikeliest face of capitalism, has extolled the virtues of private equity for spurring development in Africa . . ."I have learned that private equity . .  can be a major vehicle for positive change in this world."