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Submitted By Cobunny
Words 479
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World’s Poor: “We Want Capitalism”
Author: Iain Murray
“One of the most important aspects of development is freedom of opportunity”, this quote from the author helps to give light to the rest of the article. The article focuses on the fact that there are billions of entrepreneurs waiting at the “bottom” of the pyramid. In a lot of countries people are gaining the land they, and their families have been living on for centuries. The process is land titling, and all over the world land is slowly being given to the people who live on it.
With the main increase in microfinance, access to small amounts of credit for specific purposes, people are able to get small business loans. This helps in developing the country, since most of these people can’t afford interest loans on bank loans, which means they cannot come up with the capital to do anything really on their own.
In Kenya, they leapfrogged the landline era, went straight from nothing to everyone having cellphones. With that rapid advancement companies have made it so that people can use their cellphones like cash. This has helped liberate funds from corrupt banks, as these people can now invest their cash.
This document helps open my eyes to business struggles on a global scale. People all over the world have brilliant ideas that never get off the ground due to lack of funds. No matter your situation in life you are always looking to better yourself. I hadn’t really looked out of my own backyard when I thought of entrepreneurial struggles. This article does bring some hope though for the rest of the world. It is bringing an end to the tribal (socialistic) style of life.
With the increase in economic strength, a company can increase its imports and exports. This helps the global economy! Obviously nobody likes poverty, but this different look onto how we (western society) are not helping by trying to help, is…...

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