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Micro-loans has a lot of issues. The main problem being that poor people really require a steady source of income (a normal job). Not to experience all the prob
by sleepyhead 13y ago
Micro-loans has a lot of issues. The main problem being that poor people really require a steady source of income (a normal job). Not to experience all the problems with being a entrepreneur.
- pstuart 13y agoAgreed, not the best phrasing but the intent was to provide the aid from the bottom up. And not everybody has to be the entrepreneur, those that are will ultimately need employees as they grow their business.
- randomdata 13y agoAre there any stable economics of the world that are not built upon natural resources? When rich countries dump their excess food on a poor country, the local agriculture industry dies, and everyone on up the chain suffers. Cheap food sounds good in theory, but as you say, it is of little consequence if you have no steady source of income – which typically needs to start with farming, with services being built around that. Reducing/removing the external food supply and providing micro loans on which to build a local agriculture economy could have some benefit though, assuming you can actually get the resources to the people without corrupt powers taking over, of course. I do see problems with our prolonged use of fertilizers and anything that can be done to resolve that is a good thing, but I'm not sure if it will really help the poor. It will just make growing food even easier for wealthy nations, making things even more difficult for those less fortunate.
- sleepyhead 13y agoYeah, didn't mean to indicate that micro loans are bad in general. > Are there any stable economics of the world that are not built upon natural resources? Singapore?