3 ms·
microcredit seems hopeful: http://en.wikipedia.org/wiki/Grameen_Bank http://en.wikipedia.org/wiki/Grameen_Bank While the love of profit can be evil, if a busin
by 8ren 16y ago
microcredit seems hopeful: http://en.wikipedia.org/wiki/Grameen_Bank http://en.wikipedia.org/wiki/Grameen_Bank
While the love of profit can be evil, if a business is actually creating value (eg. a windmill saves the labour of hand-milling flour; division of labour; technology in general, including methods of organizing labour), there's an opportunity for the bigger pie thereby created to benefit everyone.
Just shifting money around (which includes theft as well as charity) doesn't help except in temporary emergencies.
- ESchmidtSeesYou 16y agoI used to be big on microcredit, until I realized it isn't actually profitable (as is claimed). The vast majority of funding for microcredit organizations comes from government. It's still charity, even if it can often be fairly efficient charity.