More Money Down the Drain

The G8 agreed to make a bad policy worse by doubling the money sent to corrupt African governments. The conventional wisdom is that terrorism in both Africa and the Middle East reflects, in part, a lack of economic development.

Western leaders clearly remain ignorant of the fact that the undeveloped world's hopes rest with an injection of full-blooded capitalism rather than another dose of the same old socialist medicine. Their inability to learn obvious lessons doesn't bode well for the continued prosecution of their war on terror -- wherever that terror is felt.