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The failed ideologies of the last century have come to an end. But a new one has risen to take their place. It is the ideology of Development-and it promises a solution to all the world's ills. But like Communism, Fascism, and the others before it, Developmentalism is a dangerous and deadly failure. | By William Easterly
A dark ideological specter is haunting the world. It is almost as deadly as the tired ideologies of the last century-communism, fascism, and socialism-that failed so miserably. It feeds some of the most dangerous trends of our time, including religious fundamentalism. It is the half-century-old ideology of Developmentalism. And it is thriving.
Like all ideologies, Development promises a comprehensive final answer to all of society's problems, from poverty and illiteracy to violence and despotic rulers. It shares the common ideological characteristic of suggesting there is only one correct answer, and it tolerates litde dissent. It deduces this unique answer for everyone from a general theory that purports to apply to everyone, everywhere. There's no need to involve local actors who reap its costs and benefits. Development even has its own intelligentsia, made up of experts at the International Monetary Fund (IMF), World Bank, and United Nations.
The power of Developmentalism is disheartening, because the failure of all the previous ideologies might have laid the groundwork for the opposite of ideology-the freedom of individuals and societies to choose their destinies. Yet, since the fall of communism, the West has managed to snatch defeat from the jaws of victory, and with disastrous results. Development ideology is sparking a dangerous counterreaction. The "one correct answer" came to mean "free markets," and, for the poor world, it was defined as doing whatever the IMF and the World Bank tell you to do. But the reaction in Africa, Central Asia, Latin America, the Middle East, and Russia has been to fight against free markets. So, one of the best economic ideas of our time, the genius of free markets, was presented in one of the worst possible ways, with unelected outsiders imposing rigid doctrines on the xenophobic unwilling.
The backlash has been so severe that other failed ideologies are gaining new adherents throughout these regions. In Nicaragua, for instance, IMF and World...