January 13, 2015
Adrian Woolridge: "Capitalism begins at home"
Once again The Economist’s Adrian Woolridge writes about the issues surrounding housing for the poor:
to fix the housing problem one has to solve a lot of others: obtaining land and getting permits; persuading banks to provide mortgages to poorer people; and getting sluggish utility firms to provide electricity and water connections.
Perhaps the biggest obstacle is desire. The vested interests are not really interested in a systems-based solution. Exhibit A = Haiti.
Until we get good governance, not much is going to change.