Suicides in India Revealing How Men Made a Mess of Microcredit

Remember all the glowing reports about "microfinance"? Remember how it was supposed to allow poor people drag themselves up out of poverty? Now, remember how we learned, over the years, to NEVER believe ANYTHING the "free-marketeers" say?

Learn it again: Suicides in India Revealing How Men Made a Mess of Microcredit.

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Once again, there is no magic way for an entire population mired in poverty to all drag themselves out if they all borrow small (though unrepayable) sums, and try to make a living making stuff no one really needs, or can make themselves. Especially when they have to sell it to each other.