Archive for the ‘personal finance’ Category

Banker to the Poor: Micro-Lending and the Battle Against World Poverty ∞ Get Rich Slowly

Wednesday, September 26th, 2007

Banker to the Poor: Micro-Lending and the Battle Against World Poverty ∞ Get Rich Slowly

J D Roth  writes about the use of micro-finance to battle poverty.  He says it well enough that I won’t bother reiterating here, except to say that this is the sort of thing a group of workers could do once they’ve established a successful collective and freed themselves from debt.

Supernovae, Debt Snowballs, and class struggle

Wednesday, September 12th, 2007

A dear friend of mine has recently been saying to me that there is no way for working people to obtain the means of production through the existing economic system. I believe that there are ways in which workers are already acting to use the economic structures of our society to acquire controlling interests in their respective workplaces, thereby creating worker-owned collectives. Thus, I believe that the existing economic system, despite its flaws, can be used by oppressed people in the process of liberating themselves. (more…)