God helps those who persevere.
— The Koran
...in any good society, nothing justifies the powerful excluding the powerless from basic opportunities.
...providing incentives for people to do the right thing matters a great deal. Institutions are key in reminding us who we are meant to be and how we are expected to behave as community members and citizens.
Poverty is too complex to be answered with a one-size-fits all approach...
Markets alone won't solve the problems of poverty. Low-income people are invisible to most entrepreneurs, who don't see them as paying customers. Poor distribution, lack of infrastructure, and corruption all add up to failure of markets to deliver to the poor what they want and need at prices they can afford.
What is needed going forward is a philosophy based on human dignity, which all of us need and crave. We can end poverty if we start by looking at all human beings as part of a single global community that recognizes that everyone deserves a chance to build a life worth living.
Thursday, May 5, 2011
The Blue Sweater, Chapter 12, Institutions Matter
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