Purchasing Loyalty with Foreign Aid

by | Nov 2, 2016

Purchasing Loyalty with Foreign Aid

by | Nov 2, 2016

A dispute that is taking place between Saudi Arabia and Egypt indirectly demonstrates the nature of U.S. foreign aid. After dumping a walloping $25 billion in foreign aid to help the Egyptian military dictatorship’s economic woes, the Saudis are hopping mad.

Why?

Because last month in the United Nations, contrary to Saudi Arabia’s wishes, Egypt voted in favor of a Russian resolution on Syria.

In the world of foreign aid, that’s a super no-no. When a regime has received $25 billion from another regime, it is expected to vote the way its benefactor wants it to vote.

In a remarkable admission regarding foreign aid, at least in this particular case, the New York Times, in an article on the matter, wrote, “The Saudis may have thought they were buying loyalty….” The Times article pointed out that to punish the Egyptians for their independence, “The state-owned Saudi  oil company, Aramco, postponed a promised shipment of 700,000 tons of discounted oil in October, and the spokesman for Egypt’s oil ministry said the fate of November’s shipment remains unknown.”

Read the rest at FFF here.

About Jacob Hornberger

Jacob G. Hornberger is founder and president of The Future of Freedom Foundation.

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