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The real way of giving away money, using corruption free ways to needy in India, is to start a business venture that is not so profitable but gives tons of empl

The real way of giving away money, using corruption free ways to needy in India, is to start a business venture that is not so profitable but gives tons of employment, like TATA had done since ages. India has so many people ( even wealthy people are poor compare to Western counter part ) that philanthropic activity does not move the needle much, while business venture helps a ton. I hope indian rich keep not-giving away money and instead keep investing in employment generation.

temporalparts 8y ago
How do you feel about ride sharing and delivery companies like Ola and Uber?
- iamgopal 8y ago
  You mean to say, Because of Ride "Sharing", they are actually reducing the net employment ? Well, I support all idea that improves resource utilisation and helps environment, even at the cost of employment.
- djangovm 8y ago
  Not OP, but here is my take. While Ola and Uber would not actually aim to be philanthropic companies, they definitely have enabled people to come from different walks of like and become a driver. I have met many drivers who came from villages to drive and support their family, and Ola and Uber made it very easy for them to get started. Overall, good for a larger segment of the society i would say.
  - kamaal 8y ago
    >>I have met many drivers who came from villages to drive and support their family, and Ola and Uber made it very easy for them to get started. Making a virtue out of compulsion, eh? Those people leave rural farming jobs and come to cities, because irrigation infrastructure is in shambles. Farming is not open to free market economics, there is not enough water, and overall its not profitable. They sell what they have and inhale CO day in and out to put food on the table. Farmer to cabbie ain't exactly a good career transition.
    - kkarakk 8y ago
      ola/uber cannot affect infrastructure. even companies like google have tried and failed to compete in infrastructure oriented areas(google fiber). until infrastructure is privatised(which opens up it's own can of worms) farming is a dead end in developing nations.
    - 0815test 8y ago
      Many rural farming jobs are seasonal - there's nothing much to do for part of the year so no matter how successful the farming is, they're still better off coming to the city and earning an income there.
- calvinbhai 8y ago
  Bot these companies are heavily funded and are not currently operating 100% based on their own revenue. Once these companies go public, you'll know the real impact of these companies. Until now, they have been good with providing employment/independence to many people, while improving transport options to the public. But, once they go public and they cannot throw money at drivers/riders, I expect many drivers to be negatively affected mainly because they start with a new car, purchased/leased through a subprime loan lender, when initial earnings are high. They start feeling the pinch a few months in, when they realize their bonuses are reducing and they are working more days in a month to payoff the car, and receive less into their account. Sad thing is that, the same billionaires from such startups, will open a foundation/charity to help the poor, and they'll be lauded as "great philanthropists"
sah2ed 8y ago
You are correct. Empowering people ends poverty much faster than handouts. In fact, there is an opinion piece from 2017 in the Guardian titled "Obsession with ending poverty is where development is going wrong" [0] that argued for a reframing of the "end poverty" approach in developing economies like India to something like "enabling prosperity". [0]: https://www.theguardian.com/global-development-professionals-network/2017/feb/08/obsession-with-ending-poverty-is-where-development-is-going-wrong https://www.theguardian.com/global-development-professionals...
- 0815test 8y ago
  One of the most effective ways of "empowering people" who are living in extreme poverty (as with many in India) is actually to provide them with starting capital, with no strings attached. Job creation can be useful of course, but self-employment is surprisingly common among the very poor.
  - thecleaner 8y ago
    This doesnt make sense without actually developing their skills first. That's really the second stage of the parent conment's idea.
- Nasrudith 8y ago
  The reason seems to be self-perpetuation really - it isn't that work in itself is some great virtue (we should strive to maximize output not input) but because continuous gains and losses add up over time.

temporalparts 8y ago

How do you feel about ride sharing and delivery companies like Ola and Uber?

iamgopal 8y ago
You mean to say, Because of Ride "Sharing", they are actually reducing the net employment ? Well, I support all idea that improves resource utilisation and helps environment, even at the cost of employment.
djangovm 8y ago
Not OP, but here is my take. While Ola and Uber would not actually aim to be philanthropic companies, they definitely have enabled people to come from different walks of like and become a driver. I have met many drivers who came from villages to drive and support their family, and Ola and Uber made it very easy for them to get started. Overall, good for a larger segment of the society i would say.
- kamaal 8y ago
  >>I have met many drivers who came from villages to drive and support their family, and Ola and Uber made it very easy for them to get started. Making a virtue out of compulsion, eh? Those people leave rural farming jobs and come to cities, because irrigation infrastructure is in shambles. Farming is not open to free market economics, there is not enough water, and overall its not profitable. They sell what they have and inhale CO day in and out to put food on the table. Farmer to cabbie ain't exactly a good career transition.
  - kkarakk 8y ago
    ola/uber cannot affect infrastructure. even companies like google have tried and failed to compete in infrastructure oriented areas(google fiber). until infrastructure is privatised(which opens up it's own can of worms) farming is a dead end in developing nations.
  - 0815test 8y ago
    Many rural farming jobs are seasonal - there's nothing much to do for part of the year so no matter how successful the farming is, they're still better off coming to the city and earning an income there.
calvinbhai 8y ago
Bot these companies are heavily funded and are not currently operating 100% based on their own revenue. Once these companies go public, you'll know the real impact of these companies. Until now, they have been good with providing employment/independence to many people, while improving transport options to the public. But, once they go public and they cannot throw money at drivers/riders, I expect many drivers to be negatively affected mainly because they start with a new car, purchased/leased through a subprime loan lender, when initial earnings are high. They start feeling the pinch a few months in, when they realize their bonuses are reducing and they are working more days in a month to payoff the car, and receive less into their account. Sad thing is that, the same billionaires from such startups, will open a foundation/charity to help the poor, and they'll be lauded as "great philanthropists"

sah2ed 8y ago

You are correct. Empowering people ends poverty much faster than handouts. In fact, there is an opinion piece from 2017 in the Guardian titled "Obsession with ending poverty is where development is going wrong" [0] that argued for a reframing of the "end poverty" approach in developing economies like India to something like "enabling prosperity". [0]: https://www.theguardian.com/global-development-professionals-network/2017/feb/08/obsession-with-ending-poverty-is-where-development-is-going-wrong https://www.theguardian.com/global-development-professionals...

0815test 8y ago
One of the most effective ways of "empowering people" who are living in extreme poverty (as with many in India) is actually to provide them with starting capital, with no strings attached. Job creation can be useful of course, but self-employment is surprisingly common among the very poor.
- thecleaner 8y ago
  This doesnt make sense without actually developing their skills first. That's really the second stage of the parent conment's idea.
Nasrudith 8y ago
The reason seems to be self-perpetuation really - it isn't that work in itself is some great virtue (we should strive to maximize output not input) but because continuous gains and losses add up over time.