Comments on: When Access to Finance Means the Difference Between Life and Death http://cfi-blog.org/2013/08/05/when-access-to-finance-means-the-difference-between-life-and-death/ Fri, 17 Jul 2015 15:36:13 +0000 hourly 1 http://wordpress.com/ By: Lawrence http://cfi-blog.org/2013/08/05/when-access-to-finance-means-the-difference-between-life-and-death/#comment-17623 Tue, 17 Sep 2013 22:39:07 +0000 http://cfi-blog.org/?p=11901#comment-17623 I blog often and I seriously appreciate your content. This great article has truly peaked my interest. I will take a note of your website and keep checking for new details about once per week. I opted in for your RSS feed too.

]]> By: Peter Burgess http://cfi-blog.org/2013/08/05/when-access-to-finance-means-the-difference-between-life-and-death/#comment-14999 Mon, 05 Aug 2013 18:02:30 +0000 http://cfi-blog.org/?p=11901#comment-14999 This story is symptomatic of a deep malaise with the modern economy which is NOT being addressed … something that has been going on for the past several decades. Access to finance is only a tiny band aid, and in fact may be merely helping to hide the deeper problems.

The enhanced productivity of economic activity over the past 300 years has made it possible for great wealth to be created. Where this has been invested in further economic activity to create more wealth, there has been a continuum of progress. Where the wealth creation is diverted into purely wealth accumulation for a small elite, then there are serious perverse results. The product of labor in fact diminishes, and poverty becomes endemic.

The challenge in examples like the case of Meri is for her and her family to earn more from their labor, not because as an individual she has borrowed money to fund her inventory, but because the economy itself has more productivity and more liquidity and more opportunity. It is the economy itself that is broken, and nothing much is being done to mend the economy. Try to describe the economy and all sorts of issues will arise, none of which is being addressed by anyone.

What am I missing?

Peter Burgess TrueValueMetrics

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