The Microfinance Delusion
Marred by Wall Street-Style Greed, Profiteering, Client Abuse, and Market Chaos
Date Written: 13/03/2012
Year Published: 2012
Resource Type: Article
By celebrating self-help and individual entrepreneurship, and by implicitly discrediting all forms of collective effort, such as trade unions, social movements, cooperatives, public spending, a pro-poor developmental state and most of all collective moves to ensure a more equitable redistribution of wealth and power, microfinance fits in well with the ideology of neoliberal policy-makers.
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