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Aid is the process by which the poor in rich countries subsidize the rich in poor countries.

Peter Thomas Bauer

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Peter Thomas Bauer
Age: 86 †
Born: 1915
Born: November 6
Died: 2002
Died: May 2
Economist
Politician
University Teacher
Buda Pest
Countries
Inspire
Challenges
Rich
Poor
Process
Subsidize
Country
Provoking
Aids

More quotes by Peter Thomas Bauer

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The suspicion and antagonism of academics, clerics and intellectuals towards the market... go hand in hand with their disdain for the preference and habits of ordinary people.
Peter Thomas Bauer