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The good side of globalism

August 11, 2007

Most of us are aware of the negative aspects of globalism:  fleeting jobs, depressed wages, McDonalds in every corner of the world.  Yet we rarely hear about globablism’s positive aspects.

Here is one: . The Kiva Foundation is a micro-lending institution that connects people like you and me with hard-working entrepreneurs in places where loans–even small ones–are hard to come by.

On Wednesday, I loaned $50 to Rosalva Roman Meneses of San Cristobol de las Casas, Chiapas, Mexico.  Three days later, with small contributions from 28 individuals, Rosalva had obtained the $1,125 loan she had hoped to receive through Kiva in order to jump-start her nutritional supplements business.  With money that would otherwise have sat in the bank until I found a need to use it, I was able to contribute to a mother’s livelihood in a poverty-stricken part of the world–and the $50 I loaned to her will be paid back to me in 11 months once her business has grown enough for her to repay her creditors.

It’s a win-win situation.  I ultimately get my $50 back and Rosalva doesn’t feel like her success was based on a handout, for it was offered to her under the same conditions as loans would be offered to any of us in order to help us purchase a car, a home, or start-up capital for a business.

To all of those nay-sayers who put globalism down, I say take a closer look at the people power it creates.  With over 6 billion people versus a handful of large corporations, I’d say our prospects look pretty good if we’d just stop pouting and get to work.

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