Economy

5 posts
Want to Fight Poverty? Give Women Financial Equality.

It seems hard to believe, but as recently as the 1970s, it was still legal for U.S. banks to refuse to issue a credit card to a woman because of her gender, and to require a husbands’ permission before married women could get credit or start a business. Keep that context in mind as you consider the following statistics about women’s financial and economic rights and access in the developing...

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China Renounces Socialism? Bank Nationalization Advocates Take Note…

There are few things more infuriating than public bailouts of private banks. That’s why, when banks get into trouble, many people would rather nationalize them entirely than rescue them. (In fact, after the 2008 crash, the U.S. reportedly came close to doing so.) But surprisingly, in India and China - two countries whose financial systems have long been dominated by public banks - the governments are responding to their current...

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