The Microfinance Delusion
Marred by Wall Street-Style Greed, Profiteering, Client Abuse, and Market Chaos
Bateman, Milford
http://www.counterpunch.org/2012/03/13/the-microfinance-delusion/
Date Written: 2012-03-13
Publisher: CounterPunch
Year Published: 2012
Resource Type: Article
Cx Number: CX14191
By celebrating self-help and individual entrepreneurship, and by implicitly discrediting all forms of collective effort, such as trade unions, social movements, cooperatives, public spending, a pro-poor ‘developmental state’ and – most of all – collective moves to ensure a more equitable redistribution of wealth and power, microfinance fits in well with the ideology of neoliberal policy-makers.
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