After receiving at least US$20 billion in aid for reconstruction and development over the past 60 years, Haiti has been and remains a fragile state, one of the worse globally. The reasons for aid failure are legion but mostly relate to highly dysfunctional Haitian regimes, sometimes destructive...

Congressional hearings and government reports have asserted that emerging high-growth firms in the US are starved for capital. This study argues that calls for increased federal intervention, using public monies to plug capital gaps to plug capital gaps, are unjustified