The 2006 Nobel Prize for Peace went to a man who provided micro loans to start ventures so the extremely poor could improve their lives using capitalism. Who’d a thunk it!
I find it amazingly hypocritical that the capitalist-hating left didn’t realize exactly what they were doing. The people who receive these loans do capitalistic things with the money and are required to pay it back with interest. The amounts are minute by comparison to most business loan, but are appropriate for extremely poor counties.
In story after story, these poor people have used the rewards of personal sacrifice and dedication to enlightened self-interest to benefit not only themselves but those around them by making their own jobs and frequently providing jobs for others.
How could this happen, that it is capitalism that has helped these people more than government hand outs....And one of the men who made this happen received a Nobel Prize.