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Charity for Adam Smith?

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From: Dollars & Sense
Date: 20040301
Author:Borojerdi, Poulod

The British Department for International Development gave the UK-based Adam Smith Institute £7.7 million (about $12.7 million) in grants last year, more than it gave to many African countries, including Liberia and Somalia. In Liberia, 80% of the population lives in poverty, and in Somalia the average life expectancy is 47 years. The Adam Smith Institute, whose director claims to have coined the term "privatization," is located in a posh London neighborhood; it says its mission is to "extend competition and markets, and roll back big government, high taxes, and intrusive regulation." When ...

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