the need for a massive aid program for Africa LONDON – Surely a massive infusion of aid into Africa would be to pour money down a rat hole? Isn’t this the mistake that was made in the past – enormous generosity by the rich countries only to see it wasted on misconceived projects, bad economic management and, at its worst, siphoned away into war and corruption, as is so evident in say Zimbabwe right now? But a call for more aid is the essence of a remarkable interview given to the Financial Times on Tuesday by South Africa’s president, Thabo Mbeki. The rat hole is one way to look at it. But another, equally plausible, is to say enough African countries have turned off the low, downward, road and are walking a more straight and narrow path of fiscal responsibility. They have good macro economic management and low inflation rates and...