A good friend of mine, who is currently working in microfinance in Nicaragua, raises an interesting question on her blog.
Is microfinance a new sort of colonialism for western capitalist systems?
It's certainly a pertinent question. As large banking institutions have betrayed our trust and fallen out of our favor, the appeal of microfinance, as the gentler, fairer, more culturally-friendly form of capitalism, has grown. However, with our very faith in capitalism shaken, it's hard not to question all means by which we spread its ideology around the world.
But that's all I'm going to say here.
Instead, check out her blog, and join the discussion there.
