The Poverty Cycle
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U.S. Regulatory Costs Are World's No. 10 Economy

U.S. Regulatory Costs Are World's No. 10 Economy | The Poverty Cycle | Scoop.it
After years of rapid growth during the Obama administration, the cost of U.S. federal regulations is now bigger than the entire economies of all but nine countries.
Alexander Brewer-Fong's insight:

Golden Ideas:

-Bureaucracy leads to inefficiency which leads to a lack of transparency which leads to waste, and perpetuates inefficiency.

 -US gov. regulation is vastly overgrown and needs to be cut back

 

Thorns:

-It's hard to sift through the government boogeyman anti-fed propaganda to find legitimate areas of government overreach

 

Questions:

-How do we efficiently address problems in US. gov regulation?

-How can we identify legitimate regulations and tell them apart from unnecessary ones while keeping private interests out of the equation?

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Congolese struggle to start their own businesses

Congolese struggle to start their own businesses | The Poverty Cycle | Scoop.it
A growing number of young Congolese are trying to create small businesses in the poor West African country to lift themselves — and their countrymen — out of poverty in a country where the average person earns $2,300 per year.
Alexander Brewer-Fong's insight:

Golden Ideas:

-Gov. regulation of businesses needs to be proportionate to resources available to entrepreneurs.

 -If gov. overreaches its regulating when people do not have sufficient resources to start/ run businesses, they will turn to underground businesses, which do not grow well

 

Thorns:

-It will be difficult to address this problem when there is a wide array of people with different levels of financial support behind them.

-The US has a similar problem, but requires a much more complicated solution

 

Questions:

-How can we create a fair and balance gov. regulation of business and economics that benefits everyone at least somewhat equally?

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The Real Class Warfare In America Today

The Real Class Warfare In America Today | The Poverty Cycle | Scoop.it
There definitely is class warfare in America today, but not enough Americans perceive the battle lines. So, who is winning?
Alexander Brewer-Fong's insight:

Golden Ideas:

 

-Class warfare in the United States exists but rather than the rich v. poor the battle is between the political elite and the common people

 

-Bureaucracy leads to inefficiency in gov. programs

 

Thorns:

 

-Best solution is to cut programs and just give money to poor?

 

-Ignores jobs created by federal gov.

 

Questions:

 

Where is the balance between overly-bureaucratic  and anti-gov solutions?

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Breaking the cycle of youth unemployment, poverty

Breaking the cycle of youth unemployment, poverty | The Poverty Cycle | Scoop.it
Youth unemployment and underemployment are among the main barriers to development in West Africa, say experts. Not only does the exclusion of young people from the labour force perpetuate generational cycles of poverty, it also breaks down social cohesion and can be associated with higher levels of crime and violence among idle youth.
Alexander Brewer-Fong's insight:

Golden Ideas:

Poverty and the poverty cycle are not just problems on an individual and local level. They affect the entire community and work by public services are needed.

 

Thorns:

The article tends towards broader picture (which is appropriate) but I wish it talked about how public services combat poverty effectively.

 

The article talks about poverty as a social stigma (which is interesting and I agree with but painful to hear when it's talking about communities of impoverished people being isolated.

 

Questions:

What should federal agencies/ public services do?

 

How much of a role does gov. play in helping impoverished people?

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The Dynamics of Poverty - Boundless Open Textbook

The Dynamics of Poverty - Boundless Open Textbook | The Poverty Cycle | Scoop.it
Poverty operates in a dynamic cycle, with the effects of poverty increasing the likelihood that it will be transferred between generations. Read more about the dynamics of poverty in the Boundless open textbook.
Alexander Brewer-Fong's insight:

Golden Ideas:

-Poor people are less likely than others to have financial capital, education, and social capital (connections to people with specialized knowledge or in powerful positions). 

-Low-quality education, hunger, and homelessness can all perpetuate poverty by creating barriers to individual economic advancement.

 

Thorns:

-The article doesn't seem to develop anything towards a solution or goal, rather it just focuses on

 

Questions:

The article summarizes very well the problems that people trapped in the poverty cycle face, I wonder what we could do to fight it?

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A Relentless Widening of Disparity in Wealth

A Relentless Widening of Disparity in Wealth | The Poverty Cycle | Scoop.it
The economic forces concentrating more and more wealth into the hands of the fortunate few are almost sure to prevail for a long time, according to a new book by the economist Thomas Piketty.
Alexander Brewer-Fong's insight:

Why do the rich get richer and the poor get poorer?

 

Strengths:

-looks at historical studies and opinions and relates them to present situation in the USA

-tries to explain the origin of free-market thinking

 

Weaknesses:

-decidedly one-sided in its interpretation of the mechanisms behind the rise of the 10%

-makes assumptions that the free-market does not truly value services and overvalues others

 

Obstacles:

-answer the the 'why' is vague and largely unanswered

-gives no solutions whatsoever

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Government regulations saved my life | Al Jazeera America

Government regulations saved my life | Al Jazeera America | The Poverty Cycle | Scoop.it
Let's not forget that consumer protections are essential to the general welfare
Alexander Brewer-Fong's insight:

Golden Ideas:

-Gov. regulation of business can hinder growth, but also saves countless lives

-Businesses care about profits, not consumers

-Gov's job to be the counterweight, putting some responsibility on the businesses, off of the consumers

 

Thorns:

-Finding the correct balance is MUCH easier said than done

-There's a very thin line between a well balanced regulatory policy and an overbearing one that hurts businesses and in turn the consumers as well

 

Questions:

-Where would I look to find out more about this balance?

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Remote Login

Alexander Brewer-Fong's insight:

Golden Ideas:

 

-Social Security is expanding past it's means

-Without serious reform the whole system will collapse

 

Thorns:

 

-Article describes the system as being filled with people who are undeserving of gov. assistance without citing anything

--Response is to cut our losses, turn our backs, and kick out illegal immigrants

 

Questions:

 

I need more solid data about people on social security 

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Recycling the cycle of poverty. - The Edge of the American West - The Chronicle of Higher Education

Recycling the cycle of poverty. - The Edge of the American West - The Chronicle of Higher Education | The Poverty Cycle | Scoop.it
Alexander Brewer-Fong's insight:

Golden Ideas:

Poverty is a very complex issue that demands more attention than simply giving money to poor people.

 

"Liberal welfare programs" were responsible for creating dependency on the government giving way to the modern urban ghetto.

 

Thorns:

This article seems like it may be a thinly veiled conservative political point more than a scientific analysis of poverty

 

Article bases it's opinions on the opinions of others rather than promote its own points with real-world examples.

 

Questions:

(Again) What role does gov. play in fighting poverty?

 

What is lost when we politicize poverty? 

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Civic Engagement and Higher Education: It Is Not Only About Tutoring

Civic Engagement and Higher Education: It Is Not Only About Tutoring | The Poverty Cycle | Scoop.it
When students on our campuses tutor K-12 students,they are engaging in a charitable response to a complicated issue. If we do not teach them, we are conveying that a charitable response is sufficient....
Alexander Brewer-Fong's insight:

Golden Ideas:

-Public institutions are the key to helping the poor and the well being (or really the lack thereof) are enabling the poverty cycle to continue

-Getting the youth involved in activism towards fighting poverty is also key

 

Thorns:

-The political system is unreliable and mercurial

-The article acts as a call to action but I wonder if it goes a little too far in pushing the idea that this generation is the only one responsible for the current state of poverty and the only ones who have a responsibility to fix it.

 

Questions:

-I would have loved some more specific examples of the right kind of activism needed

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Finance and Development

Finance and Development | The Poverty Cycle | Scoop.it
By Andrew G. Berg and Jonathan D. Ostry - Is there a trade-off between the two or do they go hand in hand?
Alexander Brewer-Fong's insight:

The Balance between Equality and Growth

 

Strengths:

-explores the complicated relationship between financial equality in countries and economic growth

-provides data to back up claims

 

Weaknesses:

-lacks social perspective

-ability to quantify the variables involved in the study is questionable

 

Obstacles:

-more studies needed to support the findings

-it's a difficult social dilemma to argue that some inequality is necessary (which the article does)

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