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Do the Poor Need Capitalism?

Discussion in 'OBOB General Politics Forum' started by Michie, Mar 15, 2012.

  1. Michie

    Michie Perch Perkins. Catholic reporter. ;) Supporter

    A 2009 paper from the National Bureau of Economic Research says that the number of people in the world living on less than $1 per day fell from 403 million in 1970 to 152 million in 2006.

    Do the Poor Need Capitalism?
  2. Fantine

    Fantine Dona Quixote Supporter

    Certainly it is good to give microloans to very small businesses in the third world. Secretary of State Clinton has strongly supported that concept since she was first lady.

    There is a website called kiva.org that allows individuals to join with others in making microloans to businesses.

    One of the big problems during the Bush years was that funding for the SBA was slashed. "Successful entrepreneurs shouldn't need help getting loans," Republicans said...

    Instead, they slashed taxes for big businesses that didn't really need the help.

    And so yes, I think we need a hybrid, common-sense capitalism to bring to the third world.