May each of you live lives of immersion. They won't necessarily be easy lives. But in the end, it is all that will sustain us.
Jacqueline NovogratzRead
The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
Interpretation
The poor are affected by corrupt political systems rather than functioning market economies.
This quote by Jacqueline Novogratz highlights the stark contrast between the lives of the poor and those of the economically privileged. While some people operate within systems that promote fair market practices, many poor individuals find themselves trapped in political economies characterized by corruption and inefficiency, where local governments and financial systems exploit rather than empower them.
In practice
In a speech addressing socioeconomic disparities, this quote could emphasize the importance of addressing corruption in economic systems.
May each of you live lives of immersion. They won't necessarily be easy lives. But in the end, it is all that will sustain us.
When people gain income, they gain choice, and that is fundamental to dignity.
I've been working on issues of poverty for more than 20 years, and so it's ironic that the problem that and question that I most grapple with is how you actually define poverty. What does it mean?
Each of us can work to change a small portion of events. And it's in the total of all those acts that the history of this generation will be written.
Don't let people tell you to do it this way. You are on the verge of figuring out hybrid models -- with companies and nonprofits, markets, government, crowd-sourced philanthropy. The capitalist system as we know it is not working.
Traditional charity and aid are never going to solve the problems of poverty.
Microfinance recognizes that poor people are remarkable reservoirs of energy and knowledge, posing an untapped opportunity to create markets, bring people in from the margins and give them the tools with which to help themselves.
Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel. These once unthinkable dosages will almost certainly bring on unwelcome after-effects. Their precise nature is anyone's guess, though one likely consequence is an onslaught of inflation.
Close the weak banks and impose serious capital requirements on the strong ones...You see, it may sound hard-hearted, but you cannot keep unsound financial institutions operating simply because they provide jobs.
A banker who is allowed to borrow money at X and loan it out at X plus Y will just go crazy and do too much of it if the civilization doesn't have rules that prevent it.
When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals.
People who live in poor countries have to be entrepreneurial even just to survive.
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