Vinoth Ramachandra

Archive for December 26th, 2011

Micro-Credit Hype

Posted by: vinothifes on: December 26, 2011

I return to Ha-Joon Chang’s debunking 23 Things They Don’t Tell You About Capitalism.  In one of his chapters, Chang argues that people in poor countries are generally more entrepreneurial than those in rich countries. Most citizens of rich countries work for a company, doing highly specialized jobs. As a result, they spend their working [...]


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