adding page while reading Arundhati Roy
‘s my seditious heart
many yrs later, this idea has trickled down to the impoverished countryside of bangladesh when mohammed yunus and the grameen bank brought microcredit to starving peasants w disastrous consequences.. the poor of the subcontinent have always lived in debt, in the merciless grip of the local village usurer – the bania.. but microfinance has corporatized that, too. microfinance companies in india are responsible fo r 100s of suicides – 200 people in andhra pradesh in 2010 alone..
et al.. yunus
.. farmer suicide
there’s a lot of money in poverty, and a few nobel prizes too
Mother Jones (@MotherJones) tweeted at 7:30 PM – 14 Jun 2019 :
.@ewarren just released a plan to close the racial wealth gap by issuing $7 billion in grants to entrepreneurs of color. The grants could be used for startup capital to support an estimated 100,000 new minority-owned businesses. https://t.co/NpTw6DXsuY(http://twitter.com/MotherJones/status/1139706775228174336?s=17)
from notes at end of david graeber
‘s debt (book)
38\ see for ie: ‘india’s microfin suicide epidemic’ bbc.co.uk/news/world-south-asia-11997571
from 2010 article: ‘More than 80 people have taken their own lives in the last few months after defaulting on micro-loans, according to the government. This has triggered the worst ever crisis in India’s booming micro-finance industry.