@Thesexier Surely war ins’t the only cause of poverty? As @laureth pointed out, over population is also a huge problem. Although I agree that war causes some of the worst, if not the worse, atrocities we’ve seen, I’m not sure I see it as the final solution to poverty.
@davidgro To be honest, I have no interest in removing relative poverty, at least not in a society anywhere close to what exists today. A difference in wealth and living standards (to some degree) is what spurs innovation, so its good for the world. As for absolute poverty, you seem convinced that its here to stay. Why is that? Because of capitalism? Because some people will always be lazy? Because there isn’t enough useful work to go around?
@Evan As for property rights, I think your spot on. However, I don’t see any reasonable mechanism for this. If we start arbitrarily redistributing land, people won’t have confidence that what they own now won’t be redistributed later. In that case, why would they work for what they have?
As for micro finance, I’m a fairly big believer in it, but there are some issues. One is that they need to charge incredible interest rates. Usually around 30% (plus with fees the effective interest rate could be higher). This isn’t out of greed, but a result of operational costs. unlike a regular bank, they need to go to the villages and spend a lot of time each week (yes, each week, since most have weekly repayments[1]) and spend time talking to the clients. They also need to do checks to make sure the loan is being properly utilized, follow up on bad payment, do all the book keeping, search for funding from banks, etc… On top of that, many clients struggle with the weekly repayments. Some of them have seasonal jobs (some kinds of farming) and some of them may not engage in activities that produce very regular cash flows. There is some evidence that they even go back to money lenders on occasion to help them out on the odd week. This isn’t, in itself, a horrible thing, but it does give one pause. In any event, there are institutions trying to solve this problem but its not that easy. Finally, there are studies that show that micro finance doesn’t necessarily help. The logic of the studies has been disputed, but not all the experts agree on how useful it is.
@Siren I tend to agree, but I’m fairly biased. I could care less about current trends, I just buy whats functional, so if thats nearby, I’ll get it. So I’m a bad person to comment on this.
@ChazMaz, @Evan I’m hard pressed on this one. In the world, some people will be more useful than others. Some people will be lazy. Some people will fail at most things in life. And some people will succeed no matter what the circumstances. I don’t believe that anyone can do anything, so it seems like some poverty must exist in a capitalist society. But, I do agree with @wonderingwhy that there are probably some very small changes people could make to help out a lot of people. After all, the exchange rate between richer countries and poorer ones is so much in favor of the richer ones that a small sacrifice leads to huge returns.
[1] Why weekly payments? To ensure that the money doesn’t get spent again. If you allow monthly repayments, then maybe the money earned each week would be used for other, not so productive uses.