Bono and Jeff Sachs on Foreign Aid: Ending Dependency

On a recent trip to the African nation of Ghana, Bono of U2 and economist Jeffrey Sachs spoke to the U.K. Guardian newspaper about their hopes for the future of foreign aid.

"There's one thing that might help with aid cynics. Because clearly no one likes the culture of dependency," Bono said. "No one's arguing for it. We're arguing to end it. I think there's something a bit funky about aid as it stands right now. The two most important parties involved in the transaction – the taxpayer who's providing the resources and the person who needs those resources to stay alive or keep their family alive – are the two people who know the least about what's going on. So that has to change."