The Moral Hazard of U.S. Policy in Africa (Part I)
Note: In ongoing commentaries, the author examines the Obama Administration’s policy in Africa. Moral Hazard and Moral Bankruptcy The concept of ‘moral hazard’ in politics may be used to explain a situation in which a government is insulated and immunized from the consequences of its risky, reckless and incompetent behavior. For instance, a regime that…