Interesting take. I would guess the microlending revolution could help “shallow out” the distribution a bit. And of course, the way that a society really gets wealthy is by expanding the stock of capital goods, which is a subtle process that takes time and probably why this focus on “charity from the super rich to the super poor” has done way less than the modernization of the the third world has to raise people out of poverty.
You are viewing a single comment's thread from: