Entrepreneurship and Poverty -- The Leader's Way, Chapter 8

"Poverty is a problem of the mind, not the lack of resources or the lack of intelligence of the people."

In order to improve poverty,

• Government must be motivated to help.
• Economy system must be a responsible one.
• Regulation must stimulate entrepreneurship
• Fair banking, property right, and family planning must be in place.

Poverty usually congregates around the poor. These people need to spend less, leading to stagnant economy and more unemployment. The government
needs to promote entrepreneurship among the poor. This will alleviate poverty
and increase liquidity.

Poor people do not lack skill. They lack opportunities. In fact, they are willing to work harder than the wealthy.

Micro-credit lending is one of the concepts whose goal is not to seek benefit, but to provide opportunities to the poor. It focuses on trust rather than on collateral contracts.

“Freedom without responsibility is not acceptable. It is even dangerous.”

Source: THE Leader's Way: Business, Buddhism and happiness in an interconnected world by His Holyiness The Dalai Lama and Laurens Van Den Muyzenberg, Chapter 8 [Read the Book Review] [Read the Last Part].
---------------------------------------------------------------------------------------------------------
Book or Audiobooks?

Personally, I prefer audiobooks. It's fun, and I can listen when I'm doing something else. It also makes other activities (e.g., jogging) a lot more fun. For more detail about audiobooks, please read [this post].

There is one more reason that may encourage you to go for the audiobook version. You can get it now for FREE. Audible offers you a free trial for 14 days. Even if you get the book and cancel the subscription right away (so that you don't have to pay), you can keep the book. And, don't worry if you lost the audiobook file. Just log into audible.com. You can keep downloading the over and over again.


About the summary: It takes time to finish up a book. And, when you do, sometimes, you want to review what you learn from the book. If you do not make notes as you read, you might have to go through the book once again. This can be time-consuming when you are dealing with a book. But you can still flip through the book and locate what you are looking for

However, when the material is an audiobook, it is extremely hard to locate a specific part of content. Most likely you will have to listen to the entire audiobook once again.

This book summary will help solve the pain of having to go through the book all over again.

I am leaving out the details of the books. Most books have interesting examples and case studies, not included here. Reading the original book would be much more entertaining and enlightening. If you like the summary, you may want to get the original from the source below.