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Another alleged Panacea for Poverty goes Bust

 
 
Reply Wed 17 Nov, 2010 08:00 pm
Quote:
MADOOR, India — India’s rapidly growing private microcredit industry faces imminent collapse as almost all borrowers in one of India’s largest states have stopped repaying their loans, egged on by politicians who accuse the industry of earning outsize profits on the backs of the poor.


K. Shivamma, who lives in Madoor village in Andhra Pradesh, India, is struggling to pay back nearly $2,000 in loans.
The crisis has been building for weeks, but has now reached a critical stage. Indian banks, which put up about 80 percent of the money that the companies lent to poor consumers, are increasingly worried that after surviving the global financial crisis mostly unscathed, they could now face serious losses. Indian banks have about $4 billion tied up in the industry, banking officials say.

http://www.nytimes.com/2010/11/18/world/asia/18micro.html?hp

As always it is lack of factoring in human nature and risk that does in the Utopian dream. Somehow Micro-lending was not to be touched by exploitation of the wealthy over the poor. It always seemed too easy for my tastes, building well being and civilization requires a lot more than capital. Just as giving American poor undeserved access to home ownership turned into a disaster for America, so goes Indian Micro lending.

Some things require plannning, hard work, and regulation. AND the saying of the word no.
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Type: Discussion • Score: 0 • Views: 692 • Replies: 12
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talk72000
 
  0  
Reply Wed 17 Nov, 2010 08:07 pm
@hawkeye10,
The marwaris are similar to the Jews in wealth. They are fabulously rich not from altruistic practices.

http://en.wikipedia.org/wiki/Marwaris

http://en.wikipedia.org/wiki/Saka

They appear to be descended from Sogdians who could be the R1b (Tocharians) people who went into the Taklamakan Desert. Tocharians are related to Celts but went east from the Black sea area.
hawkeye10
 
  1  
Reply Wed 17 Nov, 2010 08:10 pm
@talk72000,
Quote:

The marwaris are similar to the Jews in wealth. They are fabulously rich not from altruistic practices.
IDK enough to know, but that is the allegation, and that is what should be expected given human nature. It is not only the rape feminists who are delusional about the ability and ease at which human nature can be changed, and delusion is a primary driver of abuse.
talk72000
 
  1  
Reply Wed 17 Nov, 2010 08:42 pm
@hawkeye10,
Migration of R1b map

http://www.haworthassociation.org/DNA/R-Migrations.html

http://www.haworthassociation.org/DNA/R-map.jpg

http://www.foxcooper.org/DNAHeritage/embeded%20pics/Map%20of%20R1b%20migration%20from%20Eurasian%20geneographic%20project%20%202%201%2008.jpg
0 Replies
 
Fido
 
  1  
Reply Wed 17 Nov, 2010 08:47 pm
@talk72000,
talk72000 wrote:

The marwaris are similar to the Jews in wealth. They are fabulously rich not from altruistic practices.

http://en.wikipedia.org/wiki/Marwaris

http://en.wikipedia.org/wiki/Saka

They appear to be descended from Sogdians who could be the R1b (Tocharians) people who went into the Taklamakan Desert. Tocharians are related to Celts but went east from the Black sea area.

I am not sure you can say Jew on this site without taking a great deal of crap... It takes all kinds, and it would be a strange world without them... Actually; it is pretty strange with them, now that I think of it...
Fido
 
  1  
Reply Wed 17 Nov, 2010 08:49 pm
@hawkeye10,
hawkeye10 wrote:

Quote:

The marwaris are similar to the Jews in wealth. They are fabulously rich not from altruistic practices.
IDK enough to know, but that is the allegation, and that is what should be expected given human nature. It is not only the rape feminists who are delusional about the ability and ease at which human nature can be changed, and delusion is a primary driver of abuse.

People do not change their nature... People change their forms, as just about the only thing they can change, and that is hard enough to cure just about anyone of wanting change...
0 Replies
 
talk72000
 
  1  
Reply Thu 18 Nov, 2010 03:02 pm
@Fido,
They are used to me now as I am an equal opportunity offender. I bash Muslims and Christians alike. The rich Jews keep their secret internally. There are poor Jews and they have no clue as to the rich Jews' wealth.
Fido
 
  1  
Reply Wed 24 Nov, 2010 05:04 am
@talk72000,
talk72000 wrote:

They are used to me now as I am an equal opportunity offender. I bash Muslims and Christians alike. The rich Jews keep their secret internally. There are poor Jews and they have no clue as to the rich Jews' wealth.
The advantage Jews, Muslims, and Chinese to use the three most obvious examples is the ability to hold their cultures, which in turn means holding their communities together, and their communities give all of them a lot of support... The Feds have done much to break up the under the table banking of the Muslims, but the Chinese have theirs, and certainly the Jews have theirs... When people can keep their loans personal and the money in their communities they have the advantage on anyone who is forced to go to a bank for a loan.... When money leaves a community so does their culture, and that combined with the absolutly corrosive effect of law on communities is the ruin of many... We push the individual, individual rights, and individual happiness, but it is a bust... Whether one talks of corporations or ethnic groups, those who sacrifice their individualism have a great advantage over the lonely individual who can offer no resistence what ever to injustice... The key to justice is having others to take up our cause... For the most part, law prevents this from happening...

If you wanted to help people in poor areas, first quit exploiting them, and then give them non destructive products to produce and markets for those products... Indian never wore a lot, but at one time they supplied all their needs, and then came the British with their cheap cloth, and the bones of Indian Weavers littered the ground.... We did the same to Iranian Farmers who once fed their nation... Cheap food to help buy oil threw millions onto the street who became the force of revolution and cannon fodder in their war with Saddam Hussein... We do this to the world, but we now produce and export so little that our wealth is leaving us for luxuries... We are trying to become a third world country, and no part of it is for lack of investment capital, but is because every bit of interest has sucked the wealth out of us... And we pay interest to buy anything, and as part of the price of anything we buy... Its a killer..
talk72000
 
  1  
Reply Wed 24 Nov, 2010 08:29 pm
@Fido,
The main forces are supply and demand. If there are too many people then resources become scarce so competition comes in. There is killing and wars to fight over the valuable resource. Over population brings in disease, poverty, famine till the population is reduced and the resources match the demand of people. It is true in all of nature. Predator to prey ratios are maintained. However, with humankind we have skewed everything with technology and science. we just about removed most predators but the plant eaters increase results in disease as poop from the increased population creates more bacteria and other nasty micro-organisms. It gets more complicated as we "conquer" nature.
Fido
 
  1  
Reply Thu 25 Nov, 2010 10:50 pm
@talk72000,
talk72000 wrote:

The main forces are supply and demand. If there are too many people then resources become scarce so competition comes in. There is killing and wars to fight over the valuable resource. Over population brings in disease, poverty, famine till the population is reduced and the resources match the demand of people. It is true in all of nature. Predator to prey ratios are maintained. However, with humankind we have skewed everything with technology and science. we just about removed most predators but the plant eaters increase results in disease as poop from the increased population creates more bacteria and other nasty micro-organisms. It gets more complicated as we "conquer" nature.
Capitalism suffers more from an excess of production than from a want of supply... More wars have been fought over markets in modern times than for resources, but, look out if you have resources in demand... You will be assimilated and/or killed...
talk72000
 
  1  
Reply Fri 26 Nov, 2010 08:28 pm
@Fido,
The Iraq wars were about oil. The world population needs reduction or a standstill.
talk72000
 
  1  
Reply Fri 26 Nov, 2010 08:46 pm
Map of R1b migration

http://www.eupedia.com/images/content/r1b-history-thumb.jpg

http://www.eupedia.com/europe/origins_haplogroups_europe.shtml#R1b
0 Replies
 
Fido
 
  1  
Reply Fri 26 Nov, 2010 10:11 pm
@talk72000,
talk72000 wrote:

The Iraq wars were about oil. The world population needs reduction or a standstill.
Agreed, but think of the fun, the death, the starvation, the disease that will attend the wells running dry... Primitives lived in ordered society because social control was the only technology they had mastered... We live with and accept anarchy, as capitalism is: Economic Anarchy because our technology has brought us abundance, and we think because of this that we can afford anarchy no matter who is hurt... It would be against the ideal of individual freedom to tell anyone they cannot have more children/consumers, even when they are eating their seed corn... As long as the few own the resources, and can get rich selling the poors' own natural possession back to them at a profit, who is there to intercede??? We buy sunscreen and bottled water... Why??? Fresh water was once so plentiful, and sunshine too, that no one would put a price on it, but capitalism could not stand for that, and it destroys so much of it that a price will be paid for the little that is left...

They own the food supply... They own the fresh air... They own all the wide open spaces... They don't want you to get the idea that this might be your country, and your world... Stay put... Stay working.. Don't look the boss in the eye for fear you will be the next one out.... Just like the Indians, we can look at a large family as some sort of protection from the desire of the world to see us dead... If you want less children; make life less threatening... Leave to people nothing to leave to their children but honor and self respect, and not a part of the crimes now committed will be done... It is tough to look at a country like India and see a people who absolutely refuse to get their population under control...There is nothing about capitalism that accepts control, and the very poverty that kills one make his brother breed himself into destitution, and being raised in destitution breeds the sort of person who will do anything for money, whether it be the destruction of the environment or humanity...
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