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January 13, 2015

Adrian Woolridge: "Capitalism begins at home"

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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.