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Re: [Pen-l] microcredit in the global economy



Patrick Bond writes:
> "Turning peasant women into mini-capitalists is just furthering the reach of
> finance capital and shifting the burden of risk to a class who already bear
> the brunt of poverty without safety nets. ...

A former member of my department presented a paper about
micro-lending. At least for the loans he was talking about, the
community was given a major role in making sure that the loans were
paid back. That seems guaranteed to tear communities apart.
-- 
Jim Devine / "Nobody told me there'd be days like these / Strange days
indeed -- most peculiar, mama." -- JL.
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