Microcredit debate

This is an extract of a debate on microcredit broadcasted by Democracy Now! on 13 December between Susan Davis, founder and chair of the Grameen Foundation, and Vandana Shiva. The occasion was the acceptance of the Nobel Peace price acceptance speech made by the founder of Grameen Bank Muhammad Yunus. The debate is not only informative but enlightening of the gap we have to overcome in our critical discourses.

Category:

News & Politics

Tags:

• capitalism
• microcredit.
• grameen
• bank
• development
• enclosures
• commons

[nawkglobal]

I agree that micro-credit isn't the solution for everything but it does give people an option that normally would be withheld from them.

[Gracegirl87]

7.26. "Rights cannot be substituted by credit, rights need to be recognized as rights, and collective rights to the common wealth of this planet: the atmosphere, the water, the seeds, the biodiveristy. That needs a rights solution. Credit can come AFTER that rights solution has been offered."

"I think in this world, it is not rights gained from on high; rights are only real when in fact people can exercise their rights...[microcreidts] is a way for people to organize for power.."

Good debate

[manochelva]

@nawkglobal

out o theas discussion one is clear .that money whether it is micro or macro has created these evil system that every one who rely on it became a spiritual prisnor who never alow to see the true freedom.these any financial methods doesnt give any final solutoion for the future.As vandada explains we have to leave this and seee complete different way s to find a solution...we need so many vandanas to make this happend.any way we have to begin it now...

lets start ....

[pavitravoice]

You think bankers love you and want to help you oh just look at what's going on with Goldman .money and greed is first . There should be so much regulation on these money sockets. They start with credit (the savers) like missionaries and before you know it they own your land and soul.indian organisation should donate towards the causes that will help woman economically eg buying a cow .Why India can 't help herself ,she does not need an inveder coming in .

[jakstaaa]

Check out 6:03. Some ill-concealed hostility haha. I think she was really thinking about stabbing Shiva in the heart.

[hamidmushtaq]

All moneylenders and those who support moneylenders, will rot in hell forever!

[hamidmushtaq]

very good point geraboldy! I totally agree with you and Vandana Shiva. She is really talking logically. These moneylending bastards, try to sugarcoat their evil business. That white bitch, is talking about good or bad use of a knife. I ask her, does any capitalist businessman think about the borrower? never! Look at Muhammad Younus. He has earned hell alot of money from poor, plus got nobel prize and is now getting into politics.

[dallred3]

Your post is a little jumbled... I am having a hard time understanding what point you are trying to make.

[geraboldy]

Speaking of reference "Gaia planing for world managment " and the figure stated is 7 million children a year.

hey Dallred3 the new banking is OBVIOUSLY a good idea any ideas on how your gonna keep the bank out of Rockefuckers hands..

I guess not ? lets set them up so the big bad WTO , WB IMF can come and "Knock em down"

[VedicIntelligentsia]

That white bitch need to shut the fuck up and mind her own business. Don't worry about India, instead, try to help those white whores in those "Girls Gone Wild" videos.

[dallred3]

Speaking of misinformation...

What is your source for the "10 million is the number of children that die each year?..."

I think too often people confuse FOR PROFIT banks, who have seen the success of socially conscious microlenders (ie. Grameen bank) and try to replicate it at the for profit level. That model doesn't work, and it doesn't accomplish the objective microlending was invented to achieve.