Travelling the length of Africa last year, I saw the silliness and waste of so much western aid to the continent. On the road, I read "The Lords of Poverty" by Graham Hancock, which only stoked the outrage.
I said something about the issue here and here.
An article in The Spectator, "The great aid mystery", of 5th January, in this new year of 2013, re-rakes this ground and is well worth a read.
A companion piece asks why there should be an arbitrary goal of 0.7% of GNP "rink-fenced" for aid, which is counter-productive to its responsible deployment, in "Greening's challenge".