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of chapter 6.
Chapter 6 brings to us
a picture of the hazards of being poor. The life of the poor according to the
book revolves around risks. The poor bear enormous risks in every means of
survival they undertake such as business risk where a fall in demand will affect
them severely since their businesses are small, they face agricultural risks
where a crop failure and falling agricultural prices can bring about misery to
them as it is their only source of income, health hazards and political
violence tend to affect them more than any other social class. Also in this
chapter, the poor have no insurance companies to alleviate their situation and
even where they are available, the poor rarely use them due to outright fraud,
high premiums lack of credibility and adverse selection that characterize these
insurance companies.
In view of these risks
and lack of insurance against them, the poor are therefore advised to use the
following measures to cope with their situation; they should diversify their
activities, they should undergo temporary migration as well as being creative
in their ways.
Poverty is a general state of
scarcity or the lack of a certain financial or material possession that can
sustain one. Poverty can also be seen as a state of financial or material
inadequacy, where one is unable to attain his basic needs.
According to the UN, poverty is
fundamentally the inability of getting choices and opportunities, the violation
of human dignity, lack of schools, hospitals, insecurity, powerlessness and
expulsion, lack of land to cultivate on, living in marginal and fragile land
without access to clean water.
Going
by the World Bank definition, poverty is a pronounced deprivation of well being
and its takes many dimensions such as low incomes and inability to get basic
goods and service to live in dignity, low levels of health and education, lack
of access to clean water as well as insufficient opportunity to better one's life.
TED TALKS ON POVERTY
After
examining what poverty is and its effects on the human race, we are all called
to action to eradicate poverty and Esther Duflo provides us with a “Social
Experiment to Fight Poverty.” In this experiment, she encourages us to do our
best to help the poor and avoid the Haiti quake after every 8 days. She
provides us with a small experiment of breaking the whole procedure into
smaller manageable sizes that we can easily shoulder. For more information,
watch her video
Another person who provides with a way out of poverty is Bunker Roy- Learning From a Barefoot movement. He comes from a wealthy family, he had a bright future of becoming an influential man in the society, but he ignored all this because he had empathy for the poor. This serves as an example for us, we can become great even by trying to help the needy and not pursuing the big post in the society.
Another person who provides with a way out of poverty is Bunker Roy- Learning From a Barefoot movement. He comes from a wealthy family, he had a bright future of becoming an influential man in the society, but he ignored all this because he had empathy for the poor. This serves as an example for us, we can become great even by trying to help the needy and not pursuing the big post in the society.
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