For too long, developed nations have imposed solutions on developing countries that increase their debt burdens and further impoverish them. However, this approach doesn't address the root causes of poverty. Rather than perpetuating unsustainable lending practices and creating new banks to service existing debts, we need to prioritize decently paid work opportunities, responsive governance structures, civil rights protection for individuals regardless of their socioeconomic status rather than solely doing it for elites only, and national autonomy boost statutory frameworks allowing local empowerment needed for sustainable development across borders in a goal-optimized manner. While virtual currencies like #bitcoin may help enable financial independence over traditional banking systems or usurer credit operators' predatory lending practices keeping impoverished people under the heel at high interest rates.
#Wbtm