How do you un-poor the vast multitude around the world? Economic growth ought to be an obvious solution, but it is harder than it seems. Governments have their public works programmes. The rich try and contribute through charity and philanthropy.
And then you have Jacqueline Novogratz’s approach. Hers is a middle ground. It takes certain features of the markets-based approach and fuses it with elements of the grant-based approach because there are areas where the markets approach will not work. Novogratz calls it “patient capital”.