4) If you dont have food ...i think that would fall under your primary need. When you are firefighting on a daily basis u dont "think" business u try to survive. And as for Brain being wasted, on the basis of what is he saying this???
5)Mr Iqbal the question is why do u see centralization??? In a poor country positive externality is reeeeally good, one city having everything is cheaper for the govt and has huge positive externality. Building decentralized structure is costly
This guy is sooooooo bad.....he better read up some rudimentary dev econ 101stuff before he stands infront of a podium. People like Barro, Solow, Kanbur, Sen have spent years trying to understand poverty and here comes Guru with his typical business degree inspired answers!!! Sheeeeeeeeeeeesh
2)Ever heard of liquidity constraint??? Put in money to buy car....hmm i wonder why college grads in USA dont buy houses..may be they cant get loan
3) Oh fascinating, it is that simple.....i wonder why BRAC and Grameen didnt root out poverty in last 30 years. Group collateral doesnt always work and microcredit is still not capable of solving all the problem
I thought the guy was intelligent....what a load of crap...every tough problem has an easy to understand simple WRONG answer...sheeeeesh the same old MBA simplicity
1) They waste time because its not a big resource for them, its an optimizing decision...he is confusing cause with effect. He should check the informal recycling industry of his own country to see whether they r wasteful or not.
The people in freedom can push out natural monopolies that exist in our fascist system today. In a truly competitive market people with very little money can advance greatly with half a generation....something most of the world has never seen. In most parts of the world you are what you were born into, America was originally framed to protect the individual and that is what made us prosperous. In a free market today people could invest very little safely and get huge returns in the long-run.
The Lopez competing in Taekwondo in Beijing 08 were originally from Nicaragua. Just imagine... it doesn't take much thinking to realize how much talent, brains, this poor country is wasting.
seems to me that every professor has their own way to give a lecture with their own ideas why there are poor people,one professor mentions this while that other says something completely diffrent, sending mix messages to the audience and their students
This guy is an MIT professor? Gimme a break! Poor countries WASTE natural resources! More like, the rich people in poor countries contract to sell off thier natural resources to industrial countries without spreading the wealth amongst the rest of the people. This guy is a freakin joke.
He's just playing the Blame Game as usual!Give me break...it's the middle class culture that don't recognize the necessities that underdeveloped countries need. Such as proper infrastructure, water a vital resource and of course Education! Just because they know how to write there name doesn't qualify them for being literate. There must be a revolutionary thinking in the people of these nations, until then the case seems to be futile!
And what about predatory corporations from First world nations propping up corrupt puppet regimes or over toppling enlightened ones when it suits their ends, always with the blessing and full support of First world leaders? I would like sell out boy to address these cold facts.
Taking only this part of the bigger video was a bad idea. This excerpt makes it sound like the guy is blaming it on the poor, which was not the message of the original video.
For everyone not understanding what I'm talking about, the video this was taken from was about empowering the people of poor nations rather than giving money to their goverments, and attempting to enable these people to connect (with cell phones etc.) so they could use their potential better.
I don't know where this guy gets his information from. I've been to Africa and I have never seen a harder working people in my life....working for the very basics of life.
The problems I see in the third world are corrupt governments, no human rights, no infrastructure, no health care.
Yeah, that's it. Blame the poor for their poverty. And while we're at it let's shun some rape victims and arrest some drug addicts. Because we all know that's worked. What is this? This isn't a set of solutions to an agreed upon problem. This is a denial that poverty is even a problem.
Technology can alleviate poverty?
No shit sherlock! Who's gonna pay for it?!!
Oh, I guess I should stop wasting my time eating peas that I could be selling to Americans! And what about my poor brain. Wasted!
4) If you dont have food ...i think that would fall under your primary need. When you are firefighting on a daily basis u dont "think" business u try to survive. And as for Brain being wasted, on the basis of what is he saying this???
5)Mr Iqbal the question is why do u see centralization??? In a poor country positive externality is reeeeally good, one city having everything is cheaper for the govt and has huge positive externality. Building decentralized structure is costly
muaztrek 2 years ago
This guy is sooooooo bad.....he better read up some rudimentary dev econ 101stuff before he stands infront of a podium. People like Barro, Solow, Kanbur, Sen have spent years trying to understand poverty and here comes Guru with his typical business degree inspired answers!!! Sheeeeeeeeeeeesh
muaztrek 2 years ago
Comment removed
muaztrek 2 years ago
2)Ever heard of liquidity constraint??? Put in money to buy car....hmm i wonder why college grads in USA dont buy houses..may be they cant get loan
3) Oh fascinating, it is that simple.....i wonder why BRAC and Grameen didnt root out poverty in last 30 years. Group collateral doesnt always work and microcredit is still not capable of solving all the problem
muaztrek 2 years ago
I thought the guy was intelligent....what a load of crap...every tough problem has an easy to understand simple WRONG answer...sheeeeesh the same old MBA simplicity
1) They waste time because its not a big resource for them, its an optimizing decision...he is confusing cause with effect. He should check the informal recycling industry of his own country to see whether they r wasteful or not.
muaztrek 2 years ago
Everything is brainwashing. The politician brainwash society. Religious leader brainwash society, and the coronations brainwash society.
We need more Socrates to questions these authority. !!
pr0gm3r 2 years ago
Nonsense # 3
"You need to start with money to make money."
haha, i strongly disagree.
there is a large literature on poverty traps.
I am not so sure that this whole piece of research is nonsense.
Shared access takes a lot of coordination to make it work and there r other things to worry about.
trying2bnormal 3 years ago
The people in freedom can push out natural monopolies that exist in our fascist system today. In a truly competitive market people with very little money can advance greatly with half a generation....something most of the world has never seen. In most parts of the world you are what you were born into, America was originally framed to protect the individual and that is what made us prosperous. In a free market today people could invest very little safely and get huge returns in the long-run.
shanklinmike 3 years ago
The Lopez competing in Taekwondo in Beijing 08 were originally from Nicaragua. Just imagine... it doesn't take much thinking to realize how much talent, brains, this poor country is wasting.
trying2bnormal 3 years ago
seems to me that every professor has their own way to give a lecture with their own ideas why there are poor people,one professor mentions this while that other says something completely diffrent, sending mix messages to the audience and their students
mandoelpaso 3 years ago
This guy is an MIT professor? Gimme a break! Poor countries WASTE natural resources! More like, the rich people in poor countries contract to sell off thier natural resources to industrial countries without spreading the wealth amongst the rest of the people. This guy is a freakin joke.
You can do better ForaTV.
FattKidd 3 years ago
No it seems his example relates well to Bangladesh as he stated.
He did not mention the sordid leadership and instability of it however.
CognosSquare 3 years ago
What a prick..
geering1 3 years ago
He's just playing the Blame Game as usual!Give me break...it's the middle class culture that don't recognize the necessities that underdeveloped countries need. Such as proper infrastructure, water a vital resource and of course Education! Just because they know how to write there name doesn't qualify them for being literate. There must be a revolutionary thinking in the people of these nations, until then the case seems to be futile!
sruti4u 3 years ago
And what about predatory corporations from First world nations propping up corrupt puppet regimes or over toppling enlightened ones when it suits their ends, always with the blessing and full support of First world leaders? I would like sell out boy to address these cold facts.
Plutonwolf 3 years ago
Taking only this part of the bigger video was a bad idea. This excerpt makes it sound like the guy is blaming it on the poor, which was not the message of the original video.
For everyone not understanding what I'm talking about, the video this was taken from was about empowering the people of poor nations rather than giving money to their goverments, and attempting to enable these people to connect (with cell phones etc.) so they could use their potential better.
McArrowni 3 years ago 5
I don't know where this guy gets his information from. I've been to Africa and I have never seen a harder working people in my life....working for the very basics of life.
The problems I see in the third world are corrupt governments, no human rights, no infrastructure, no health care.
kshackleton 3 years ago 5
well said my friend, well said THUMBS UP 4 U!!
kijijikubwa 3 years ago
Same old blame the victim!
Steadno 3 years ago
Yeah, that's it. Blame the poor for their poverty. And while we're at it let's shun some rape victims and arrest some drug addicts. Because we all know that's worked. What is this? This isn't a set of solutions to an agreed upon problem. This is a denial that poverty is even a problem.
Technology can alleviate poverty?
No shit sherlock! Who's gonna pay for it?!!
Oh, I guess I should stop wasting my time eating peas that I could be selling to Americans! And what about my poor brain. Wasted!
RadicalPragmatist1 3 years ago
the only thing mythical about this is how this guy can even talk without a brain...
lumpfish99 3 years ago 2
maybe he can make money out of thin air like bernanke.
1samothrace77 3 years ago