"…an enormous amount of cash is going to end up being raised to help Haiti. This is not necessarily a good thing.
For one thing, right now there’s very little that can be done with the money. There are myriad bottlenecks and obstacles involved in getting help to the Haitians who need it, but lack of funds is not one of them. For the next few weeks, help will come largely from governments, who are also spending hundreds of millions of dollars and mobilizing thousands of soldiers to the cause. But with the UN alone seeking to raise $550 million, it’s going to be easy to say that all the money donated to date isn’t remotely enough.
The problem is that Haiti, if it wasn’t a failed state before the earthquake, is almost certainly a failed state now — and one of the lessons we’ve learned from trying to rebuild failed states elsewhere in the world is that throwing money at the issue is very likely to backfire…"