Streams

Is 'Patient Capitalism' The Answer To Poverty?

Friday, October 18, 2013

Part 5 of the TED Radio Hour episode Haves And Have-Nots.

About Jacqueline Novogratz's TEDTalk

Jacqueline Novogratz, CEO of Acumen Fund, shares stories of how "patient capitalism" can bring sustainable jobs, goods, services and dignity to the world's poor.

About Jacqueline Novogratz

Jacqueline Novogratz is redefining the way problems of poverty can be solved around the world.

She is a leading proponent of financing enterprises that can bring affordable clean water, housing and health care to poor people so that they no longer depend on traditional charity and aid.

The Acumen Fund, which she founded in 2001, has an ambitious plan: to create a blueprint for alleviating poverty using market-oriented approaches.

Rather than handing out grants, Acumen invests in fledgling companies and organizations that bring products and services to the world's poor.

Novogratz places a great deal of importance on identifying solutions from within communities rather than imposing them from the outside.

In her book, The Blue Sweater, she tells stories which emphasize sustainable bottom-up solutions over traditional top-down aid.

Copyright 2013 NPR. To see more, visit http://www.npr.org/.

Source: NPR

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