Friday, March 30, 2012

How can we end poverty?

The solution to end poverty lies in a combination of neoliberal reforms and very minimal government intervention. Yes, I believe in neoliberalism, but I also believe that the government must help the poor to “start up” by introducing social programs such as teaching them about financial literacy, “market 101,” etc. Leaving the poor on their own is like leaving the toddler on his own to sustain himself. The government should be there as “parents” to the poor to guide and facilitate their growth until such a time when they can already be on their own. The market, as we know it, are full of people who are already considered “grown-ups” (rich). Also, by saying that the poor should just be allowed to operate in the market on their own is like throwing a baby out into the swimming pool. The baby definitely doesn't know how to swim yet. He must learn how to swim first. Similarly, the poor must first “learn the ropes” before being immersed into the market, anf this can be done by the government guiding them with the “ins” and “outs” of the market. I think the reason why the “neoliberal” efforts has failed to eradicate poverty in the past is because they just let the poor out into the market without giving them the necessary tools to make their way into the market and make a living for themselves. It's like leading them into the fishpond without giving them a fishing rod and teaching them how to use it to catch fish.

In conclusion, I believe that the best way to make poverty “history” is to adopt a neoliberal policy, with the government guiding the poor into the market at the initial stages.

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