That article is misleading. Tanzania is a case of major success for microloans. Microloans had failed to thrive in some places but Tanzania took off. I don’t know if the UN was pushing socialism or not, but I know the World Bank and World Economic Forum were encouraging microloans, economic independence and freedoms and they have UN ties although i don’t think they’re beholden to the UN. (I don’t know their relationship).

That article is misleading. Tanzania is a case of major success for microloans. Microloans had failed to thrive in some places but Tanzania took off.

I don’t know if the UN was pushing socialism or not, but I know the World Bank and World Economic Forum were encouraging microloans, economic independence and freedoms and they have UN ties although i don’t think they’re beholden to the UN. (I don’t know their relationship).

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I have no idea. I just know I’ve been reading about successes and failures of microloans for the past couple of decades, and Tanzania was one of their successes.

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Just look at Tanzania’s exports in 2006. Far reaching. That article saying that the UN wasn’t helpful is a load of bunk because it’s precisely the UN (or at least World Bank) programs that helped Tanzania with their trading partners, running do-gooder ad campaigns in trading countries and stuff.

I don’t know what socialism that article is talking about tbh. Maybe I missed it but I did some investing in various African economics around 1999-2014 — I did it “long term” but “placed my bets” all by 2002 and it just sat in my accts and either grew or failed.

As Tanzania was one of my investments, I got to watch it grow myself. (I used Sharebuilder and Vanguard).

I mean it’s not wrong that it was good ol’ Tanzanian industriousness or whatever but had there been no World Bank involvement to seed and encourage them forever, I doubt they’d have gotten the necessary traction to become a strong trading partner.

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They do a lot of focus programs to keep working at lifting various segments of the population out of poverty. A long running program help women gain independent means is one of them for example.

If that’s not encouraging capitalism, I don’t know what is.

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Anyway, I hijacked enough here. UN = socialism, socialism sucks. Capitalism is good, UN is liars and thieves against hard workers etc. Carry on. I did my rant.

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