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tw · 12-13-2011, 07:19 PM

Back to the topic.

Microlending was successful by tapping new technology (ie internet) while doing the purpose of any and every business. To advance mankind. A European could loan a few hundred Euros to a small business woman in Africa. Who in turn might create a telephone kiosk based in cell phones. These resulted in massive productivity increases in that African village. It advanced mankind. Both lender and borrower prospered and therefore profited.

Then business school graduates and other Wall Street types tried to subvert it for self-serving profits. Small farmers in southern Asia were suddenly stuck with multiple microloans they could never pay. Because Wall Street and business school types ignore the purpose of that business. Their solution? Offer him another microloan. Corrupt bean counters did what they also did to American homeowners.

Wall Street and MBA types consider 'loan sharking' to be good. Believe the purpose of a business is only profit. Even insist every transaction will result in one winner and one loser. Wall Streeters, et al are no different than the mafia. They are the reason why microlending suffering so many failures.

Two types of people exist in this world. Those who learn, work for, and advance the product. Who therefore advance mankind. And who **earn** their profits. The second are mafia and business school graduates, so worshipped on Wall Street, who have no idea how the work gets done. Who cannot bother to learn. Whose only purpose in life is to enrich themselves at the expense of America and the world. Who mock the concept called "the advancement of mankind". Who gleefully created in early 2000 the recession we all suffer from. And who now deny there are only corrupt.

Of course, Wall Streeters and business school graduates could not see an innovation even if they sucked it up their nose - which is why cocaine addicts are so common on Wall Street. Which is why drug addiction is good for any mafia business.

Microlending performed by investing in something productive did so much to advance mankind; especially in emerging nations. Once the MBA smelled a profit, then microlenders were suddenly 'loan sharks'.

Every business deal must result in both sides profiting. Honest lenders make sure their borrower will profit. Perverting a successful concept – microlending – if directly traceable to those so corrupt as to say “the purpose of a business is profits - screw the product”. Same people built GM cars. And blamed the unions for some of the world’s crappiest products. Same also want to buy T-mobile to simply eliminate competition. Same also subverting internet growth in the US by enriching and protecting only two local providers (ie Verizon and Comcast).

The purpose of every corrupt organization: make profits by screwing all others. The product be damned. Corruption of microlending is simply another example of the cancer openly protected by wacko extremists and other nasty people. Who gleefully enriched the rich a decade ago and therefore destroy businesses and jobs today. Even harmed emerging populations by corrupting microlending.

12-13-2011, 07:19 PM	#771
tw Read? I only know how to write. Join Date: Jan 2001 Posts: 11,933	Back to the topic. Microlending was successful by tapping new technology (ie internet) while doing the purpose of any and every business. To advance mankind. A European could loan a few hundred Euros to a small business woman in Africa. Who in turn might create a telephone kiosk based in cell phones. These resulted in massive productivity increases in that African village. It advanced mankind. Both lender and borrower prospered and therefore profited. Then business school graduates and other Wall Street types tried to subvert it for self-serving profits. Small farmers in southern Asia were suddenly stuck with multiple microloans they could never pay. Because Wall Street and business school types ignore the purpose of that business. Their solution? Offer him another microloan. Corrupt bean counters did what they also did to American homeowners. Wall Street and MBA types consider 'loan sharking' to be good. Believe the purpose of a business is only profit. Even insist every transaction will result in one winner and one loser. Wall Streeters, et al are no different than the mafia. They are the reason why microlending suffering so many failures. Two types of people exist in this world. Those who learn, work for, and advance the product. Who therefore advance mankind. And who earn their profits. The second are mafia and business school graduates, so worshipped on Wall Street, who have no idea how the work gets done. Who cannot bother to learn. Whose only purpose in life is to enrich themselves at the expense of America and the world. Who mock the concept called "the advancement of mankind". Who gleefully created in early 2000 the recession we all suffer from. And who now deny there are only corrupt. Of course, Wall Streeters and business school graduates could not see an innovation even if they sucked it up their nose - which is why cocaine addicts are so common on Wall Street. Which is why drug addiction is good for any mafia business. Microlending performed by investing in something productive did so much to advance mankind; especially in emerging nations. Once the MBA smelled a profit, then microlenders were suddenly 'loan sharks'. Every business deal must result in both sides profiting. Honest lenders make sure their borrower will profit. Perverting a successful concept – microlending – if directly traceable to those so corrupt as to say “the purpose of a business is profits - screw the product”. Same people built GM cars. And blamed the unions for some of the world’s crappiest products. Same also want to buy T-mobile to simply eliminate competition. Same also subverting internet growth in the US by enriching and protecting only two local providers (ie Verizon and Comcast). The purpose of every corrupt organization: make profits by screwing all others. The product be damned. Corruption of microlending is simply another example of the cancer openly protected by wacko extremists and other nasty people. Who gleefully enriched the rich a decade ago and therefore destroy businesses and jobs today. Even harmed emerging populations by corrupting microlending.