11 May 2010


common man ie a basic wage earner, a luxurious man,ie with heavy employment of capital or a poor-do they differentiate while choosing between food & ethics.

Is it true that poor prefer ethics than rich?

It is struggle for existence. In our country, there are many tales of rags to riches and vice versa. If it is in you, there is no stopping to become a Dhirubhai Ambani. Opportunities are there for everyone like the story of our ex-President Abdul Kalam

Child labour is only one facet of the use of violence used to destroy local economies in order to build global markets. -- Jacob Raj, PREPARE, India

We have 50% of the world's wealth, but only 6.3% of its population. In this situation, our real job in the coming period is to devise a pattern of relationships which permit us to maintain this position of disparity. -- George Kennan, US Cold War Planner, 1948

Everyone has the right to work, to just and favourable conditions of work and to protection for himself and his family ... -- Universal Declaration of Human Rights, 1948

Marxist theory-a theory to exploitatio


"The world is hungry but lacks the money to buy food; and paradoxically, in the underdeveloped world, in the world of the hungry, possible ways of expanding food production are discouraged in order to keep prices up, in order to be able to eat. This is the inexorable law of the philosophy of plunder, which must cease to be the rule in relations between peoples."



But the phenomenon has grown so popular that some of its biggest proponents are now wringing their hands over the direction it has taken. Drawn by the prospect of hefty profits from even the smallest of loans, a raft of banks and financial institutions now dominate the field, with some charging interest rates of 100 per cent or more from their impoverished customers.

"We created microcredit to fight the loan sharks; we didn't create microcredit to encourage new loan sharks," Yunus recently said at a gathering of financial officials at the United Nations. "Microcredit should be seen as an opportunity to help people get out of poverty in a business way, but not as an opportunity to make money out of poor people.''

The fracas over preserving the field's saintly aura centres on how much interest and profit are acceptable and what constitutes exploitation. The noisy interest rate dispute has even attracted congressional scrutiny, with the House Financial Services Committee holding hearings this year focused in part on whether some microcredit institutions are scamming the poor

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