Category: Poverty
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Is China the new idol for emerging economies? – Dambisa Moyo
TED: Is China the new idol for emerging economies? – Dambisa Moyo "The developed world holds up the ideals of capitalism, democracy and political rights for all. Those in emerging markets often don't have that luxury. In this powerful talk, economist Dambisa Moyo makes the case that the west can't afford to rest on its…
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Revisiting Wealth – Bob Lupton
This is from Bob Lupton, FCS Urban Ministries, in the Urban Perspectives newsletter. He is always thought-provoking. This issue was especially good! (Note: Urban Perspectives allows copying these articles if attribution is given.) Revisiting Wealth Wealth. A sign of God’s favor. At least that’s how it was viewed in Old Testament times. Wealth was equated…
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Employment is the Issue, Not the Minimum Wage
There is a lot of talk about raising the minimum wage to $10.10. I sense many advocates believe this will lift countless millions out of poverty. Is that true, and is the minimum wage a central factor in reducing poverty? I'm not advocating for or against the minimum wage. The Congressional Budget Office did a…
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How extremely poor families earn their money, with my thoughts about small to medium enterprises
MRUniversity. "What do we know about how extremely poor families earn their money? This video focuses on families earning $2 a day or less." The video notes that most poor people earn their money with undercapitalized small enterprises. To get a cycle of prosperity going, capital investment is needed. Very small capital improvements can add…