What about microloans? https://en.wikipedia.org/wiki/Kiva_(organization) …
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Developing world is different yeah. Not counting student loans, most people seem to want to do things that only require living expenses to sustain
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This feels true and it's good news to me.
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It's kinda bad news for traditional economics
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It's possible 100k just isn't enough to do interesting things - if it was the main constraint, you would expect to see people taking out mortgages in order to get the capital.
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People, in general, are disinterested in doing interesting things. Which many of them BTW are free or cost next to nothing.
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Capital is not constraining most people because yes most people don’t have something they feel they were meant to do. So they’d buy a house, quite sensibly.
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But if you imagine that you were meant to do something which needs more than pencils. If you imagine that you need collaborators or an audience (i.e., rent in a cultured city), and that you also want to raise children, then you need capital. So … you’d also buy a house?
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This is why I'm a basic income crackpot. Give people a livable basic income, health insurance, and access to education and they will find something worth doing.
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Are you *trying* to troll people? First thing starving people would buy is food. Does that mean they have a limited imagination? And there are many unaccounted for risk-management benefits for not always going for "photogenic mega-innovations" and instead for social elements.
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