Deep Thoughts This Week

1. The world is becoming overwhelmingly urban.

2. Multinationals rarely invest in unstable nations.

3. There must be a better way for rich countries to help poorer ones.

Very interesting idea. If nothing is working, why not try something drastic?

Paul Romer “It’s easy to criticize experimenting with the livelihoods of the poor, but having spent time in the chaotic slums of Honduras, Haiti, Jordan and Indonesia, I’ve found that the poor are already conducting daily experiments in how to make life better outside the formal economy. By and large, it isn’t working. We have to try some new things, probably many new things. And we have to accept that some of them won’t work. ”

Read the full article at the NYTIMES >