les Pauvres sont les Gens Also*

For any cordial Conservatives clicking by, or who happen to have just been Googling en français pour gens. (Ehhh. It could happen:)

Please to be combining the information from these two articles. As I've recently suggested to a good and cool friend, be sure to put 'side your preconceived notions of what makes folks slowpokes in attaining personal economic freedom. Otherwise, and as many might think inevitable anyway, you'll merely be missing out on actually learning something which just might change your world view, at least a wee bit from the stance of unyielding and intolerantly high expectations.

First up: Remember Muhammad Yunus and his Grameen Banking concept? Well there is ever more evidence that it appears to be working.

Case in point:

[Via Common Dreams]
The small loans average around 100 dollars and are often granted to illiterate individuals. No collateral is required.

"While it is not in the headlines, we are in a global poverty crisis," Grameen Foundation chief executive Alex Counts told reporters on a conference call.

Counts said campaigners are primarily targeting the 1.0-1.2 billion people around the world who live on less than one dollar a day in a bid to break a "generational cycle of poverty."

The campaign's 2006 report issued Wednesday cites the case of Balkisu Amadu who runs a roadside food stand in Ghana.

Amadu previously made no more than 81 cents a day profit from her simple food stand, according to the report.

However, in the past year Amadu has been granted four microloans, her income has more than quadrupled to four dollars a day, and she now wants to expand her food-selling business.

Microloans are offered at affordable interest rates and campaigners say they focus on extending loans to women because they often run a family's finances.

The second proposal for your consideration is from Columbia University Economist, Jeffrey D Sachs. Perhaps I've lost you already. If not, then please do read on.

Via Scientific American online]

Most of the debate (over sustainable development) in the U.S. is clouded by vested interests and by ideology. Yet there is by now a rich empirical rec-ord to judge these issues scientifically. The evidence may be found by comparing a group of relatively free-market economies that have low to moderate rates of taxation and social outlays with a group of social-welfare states that have high rates of taxation and social outlays.


Friedrich Von Hayek was wrong. In strong and vibrant democracies, a generous social-welfare state is not a road to serfdom but rather to fairness, economic equality and international competitiveness.

* Pardon my (bad) French, s'il vous plait. I never took it in high school, so's I gets what Google Translator gives me. 'Twould be nice to actually know what I'm saying in an readily identifiable manner but,** It may be simpler and more easily digestible without my somewhat unavoidable prosetical presentation but, wtf, is not like I do so en anglais at all times either, eh.


** Whatever the reason (mayhaps it's simply not available on my version of Blogger) I can't use the Strike through which is the most common form of showing where I've edited something, yet don't necessarily want to hide the original writing.


Popular Posts