What Can Biden's Plan Do for Poverty? Look to Bangladesh.

[bluesky]

What Can Biden's Plan Do for Poverty? Look to Bangladesh.
Nicholas Kristof

The New York Times 10 March 2021 Text / 800-1500 Words

Bangladesh

Bangladesh has made huge strides in reducing poverty by investing in women experiencing the most economic hardships. As a result, children have lower rates of malnutrition, fewer child marriages, higher rates of completing elementary school, and women have more job opportunities. Over the course of 15 years, 25 million Bangladeshis have been able to break out of poverty. Progress in Bangladesh is a model of success that could be possible in America with Biden's American Rescue Plan which has provisions that would mitigate childhood poverty in America.

 

[MH.Yang]

The USA has too much, so it has too much encumbrance.
USA not necessarily can be able to do what Bangladesh can do.

 

[Maula Jatt]

wtf...
who wrote this article?

 

[bluesky]

wtf...
who wrote this article?

The writer is not someone Homeless in America who can be seen every day and night living in the open cold. Homeless in a country of plenty.

The USA certainly can learn empathy from a poor BD to avert poverty in its own homeland.

 

[Maula Jatt]

The writer is not someone Homeless in America who can be seen every day and night living in the open cold. Homeless in a country of plenty.

The USA certainly can learn empathy from a poor BD to avert poverty in its own homeland.

alright dude...

 

[Bilal9]

The USA has too much, so it has too much encumbrance.
USA not necessarily can be able to do what Bangladesh can do.

I think you can look for Dr. Yunus' lessons about HOW BANGLADESH REDUCED POVERTY.

He singlehandedly came up with the concept of microfinance using Grameen Bank and even had Americans replicate it in poorer states of US like Arkansas and also the deep South.

Grameen Bank - Wikipedia

en.wikipedia.org

The cornerstone of micro-loans is that you have seven of your neighbors who are your collateral and if you don't pay back your loan, the other seven have to. This worked for women in Bangladesh because Bangladeshis have a deep sense of duty, of self respect and obligation, although they are basically poorer than poor. Loan Repayment rates are something like 97% or more.

However they are not like irresponsible poor individuals in the US who have no sense of shame and are poor because they are basically lazy (there, I said it, now let the PC people go nuts). These people will take the few dollars they have and go buy useless things. I have seen millionaires become penniless in less than a year, spending money on sports cars and boats, just to feel like they are 'rich'.

US is a land of opportunity. I myself have known Bangladeshis, Chinese, Koreans, who came to LA literally with $5 in their pockets, worked hard and became millionaires in less than a decade. It can happen.

 

[Destranator]

USA is simultaneously the richest country in the world (GDP nominal) as well as a third world country by living standards. This is thanks to money in politics where all three branches of the government are sold out to the top 1/10th of 1%.
Citizens United and Buckley v Valeo Supreme Court decisions initiated the destruction of the American social fabric.

Some "fun" facts:
- half a million Americans are homeless including 40000+ veterans
- 45000 died each year due to lack of access to healthcare before the pandemic. It is much worse now thanks to covid. That is 15 × 9/11 each year. Yet the US govt cannot find money for Medicare for All but can well afford occupying Aghanistan for 20 years, invading and occupying Iraq for no reason and routinely bomb a dozen other countries.
- Flint Michigan has lead in water supply resulting in children being born with defects
- 70% of Americans cannot afford a $500 emergency expenditure
- Covid related hospitalisations are costing people upto $50000 out of pocket despite having private health insurance
- 600K+ Americans are dead from Covid
- Immunisation of Children is at around 93% which is lower than in Bangladesh

 

[Leishangthem]

There's always some odd ball journalist.. Considering the HDI,infrastructure,health care system,per capita income and public health statistics, it's like the bottom rung of states in Asia,get real. One of the last nation to look for reduction in poverty in developing economies in Asia is BD.

 

[bluesky]

The USA has too much, so it has too much encumbrance.
USA not necessarily can be able to do what Bangladesh can do.

America's main issue is its fundamental capitalist economic policy, that is, "Winner takes all".

It must change this policy to, "Everyone takes something" because the country belongs not only to people like Rockfellars but also to common people.

This is what I can notice in Japan. There is hardly any unemployment here. People work hard to earn money that they spend without blinking because the next paycheck will certainly arrive soon.

America has uncontrolled capitalism, whereas Japan has full control making it almost a socialist country. By nature, although socialist/ communist, the Chinese are capitalist-minded, but not the Japanese.

 

[MH.Yang]

America's main issue is its fundamental capitalist economic policy, that is, "Winner takes all".

It must change this policy to, "Everyone takes something" because the country belongs not only to people like Rockfellars but also to common people.

This is what I can notice in Japan. There is hardly any unemployment here. People work hard to earn money that they spend without blinking because the next paycheck will certainly arrive soon.

America has uncontrolled capitalism, whereas Japan has full control making it almost a socialist country. By nature, although socialist/ communist, the Chinese are capitalist-minded, but not the Japanese.

The suicide rate in socialist countries will not be as high as that in Japan.
We have been neighbors with the Japanese for thousands of years. We know them very well.
Japan is not socialism. Socialist countries will not have such serious class solidification.
Japanese culture pursues absolute obedience to authority. They have strict social hierarchy, pay special attention to group decisions and exclude different individual.
This is because Japan's original capitalist reform was not thorough, and they left too many remnants of feudal society.
Although the gap between the rich and the poor is small in Japan, they still can not meet the socialist standards in many aspects. May never be can.

Japan's unemployment rate is 2.6%, very good.
Do you know why there are so few unemployed people in Japan? Because the unemployed have committed suicide. LOL, maybe I'm kidding.
And maybe I'm not kidding?

 

[Destranator]

I think you can look for Dr. Yunus' lessons about HOW BANGLADESH REDUCED POVERTY.

He singlehandedly came up with the concept of microfinance using Grameen Bank and even had Americans replicate it in poorer states of US like Arkansas and also the deep South.

Grameen Bank - Wikipedia

en.wikipedia.org

The cornerstone of micro-loans is that you have seven of your neighbors who are your collateral and if you don't pay back your loan, the other seven have to. This worked for women in Bangladesh because Bangladeshis have a deep sense of duty, of self respect and obligation, although they are basically poorer than poor. Loan Repayment rates are something like 97% or more.

However they are not like irresponsible poor individuals in the US who have no sense of shame and are poor because they are basically lazy (there, I said it, now let the PC people go nuts). These people will take the few dollars they have and go buy useless things. I have seen millionaires become penniless in less than a year, spending money on sports cars and boats, just to feel like they are 'rich'.

US is a land of opportunity. I myself have known Bangladeshis, Chinese, Koreans, who came to LA literally with $5 in their pockets, worked hard and became millionaires in less than a decade. It can happen.

People who are poor due to laziness are negligible. However, such people make me despise cash handouts without strings.
America's biggest problem is not the lazy poor but the working poor - people who work full time yet cannot afford basics.
Many people work 2-3 blue collar jobs (up to 100 hours a week) just to survive.
There is no mandated sick or annual leave.
Minimum wage is till at #7.25

The suicide rate in socialist countries will not be as high as that in Japan.
We have been neighbors with the Japanese for thousands of years. We know them very well.
Japan is not socialism. Socialist countries will not have such serious class solidification.
Japanese culture pursues absolute obedience to authority. They have strict social hierarchy, pay special attention to group decisions and exclude different individual.
This is because Japan's original capitalist reform was not thorough, and they left too many remnants of feudal society.
Although the gap between the rich and the poor is small in Japan, they still can not meet the socialist standards in many aspects. May never be can.

Japanese suicide rates have more to do with weird cultural practices than economics.
UK, Scandenavia, Germany, Canada, Australia, etc. are all countries with strong social safety nets yet no crazy suicide rates.

 

[bluesky]

- Covid related hospitalisations are costing people upto $50000 despite having private healthcare
- 600K+ Americans are dead for Covid

More than 600,000 Americans are dead by Covid because the American private health insurance system has many loopholes. A normal person hesitates to see a doctor soon enough to get medical treatment because they are not covered by health insurance.

I heard that the UK has the best health insurance system in Europe. I heard that a hospital doctor never asks about a patient's identity or insurance. He just takes care of the treatment and some other departments handle the payment/ insurance matters.

Japan is also the same. All its residents/ citizens are covered by the national health insurance system.

Obamacare or what, America must rectify its faulty health insurance system and the system must cover everyone on American soil.

Now, the Americans will protest by saying, we are not socialists, they are so nakedly capitalists.

 

[Destranator]

More than 600,000 Americans are dead by Covid because the American private health insurance system has many loopholes. A normal person hesitates to see a doctor soon enough to get medical treatment because they are not covered by health insurance.

I heard that the UK has the best health insurance system in Europe. I heard that a hospital doctor never asks about a patient's identity or insurance. He just takes care of the treatment and some other departments handle the payment/ insurance matters.

Japan is also the same. All its residents/ citizens are covered by the national health insurance system.

Obamacare or what, America must rectify its faulty health insurance system and the system must cover everyone on American soil.

Now, the Americans will protest by saying, we are not socialists, they are so nakedly capitalists.

The problem is the health insurance and pharmaceutical companies have the Congress in their pcokets. A Medicare for All bill will not pass until corrupt politicians are thrown out.

 

[bluesky]

The suicide rate in socialist countries will not be as high as that in Japan.

You are saying of suicides in Japan but you do not understand the Japanese mindset since you cannot see anything good here because of the pains they have inflicted on the Chinese.

Why do they commit suicide? Because it is a shame to live after they lose their money because of business failures. They prefer to die rather than asking the City Offices for financial doles.

Even when they go homeless, they would not beg from others. They would do some menial jobs like collecting newspapers or empty cans/ bottles in a two-wheel cart and sell these to earn a little money to survive. They do not ask for doles because it hurts their pride. They do not become beggars.

Now, compare this mindset with the Chinese mindset. There is a proverb that a Chinese would kill his mother if it benefits him financially. Am I wrong?

The problem is the health insurance and pharmaceutical companies have the Congress in their pcokets. A Medicare for All bill will not pass until corrupt politicians are thrown out.

I know about it. But the thing is America will not get anywhere unless both Republicans and Democrats sit together and take a united decision to change the health insurance system.

It should be universal and the insurance fees must be deducted by the employers at the source. This is what one can see in the UK or Japan.

 

[MH.Yang]

You are saying of suicides in Japan but you do not understand the Japanese mindset since you cannot see anything good here because of the pains they have inflicted on the Chinese.

Why do they commit suicide? Because it is a shame to live after they lose their money because of business failures. They prefer to die rather than asking the City Offices for financial doles.

Even when they go homeless, they would not beg from others. They would do some menial jobs like collecting newspapers or empty cans/ bottles in a two-wheel cart and sell these to earn a little money to survive. They do not ask for doles because it hurts their pride. They do not become beggars.

Now, compare this mindset with the Chinese mindset. There is a proverb that a Chinese would kill his mother if it benefits him financially. Am I wrong?

Your message is wrong. Traditionally, there are ten felonies（十恶不赦） in China that must be executed and cannot be pardoned. The first is not filial to parents.

十恶 (法律) - 维基百科，自由的百科全书

zh.m.wikipedia.org

And your impression of the Japanese is also wrong.

Otaku - Wikipedia

en.m.wikipedia.org

Many Japanese born after 1970s do not like work. They stay at home, play games and rely on their parents' pensions.