The Entrepreneurial Mind: Cynicism about Free Enterprise - The Diigo Meta page

• 20 Apr 08
  

  Brian G. Dowling

  microfinance microcredit entrepreneurship

  • t takes time to build wealth. And real wealth comes from free enterprise. Are microloans the answer to transform an economy? Of course not. But they are a critical step in building long term transformations. Microloan programs are not just jobs programs, or worse yet, mechanisms for the redistribution of wealth from one country to another. Instead, they are creating a cultural seedbed for economic freedom and independence.
  • The "richness" of a country is not just measured in GDP. Microloans are making societies richer by creating hope, independence, and pride among thousands of "micro" entrepreneurs. And over the long run this will surely create monetary wealth in the countries that benefit from these efforts.

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