Finance & Fury Podcast

Welcome to Finance and Fury, the Furious Friday edition This episode is a flow on from the previous furious Friday episode question from Nick, about poverty. Last episode we talked about how poverty is defined and the economic factors of poverty, which play only a part. Today we will cover off on the major contributors of poverty. There will be a third part for answering the question about the types of government systems. Poverty is a social problem: Poverty as a lack of resources, so poverty at an individual rate We didn’t address the social problem of poverty, communities, under-employment, lack of skills etc. Social problems are secondary factors Dr. Phil Bartle: Spent time living with poor communities Dedicated his life to the development Much of our aid contributed to poverty Empowerment methodology – struggle produces strength and ability The solution is the removal of the big 5 factors No moral judgment is intended The Big 5 factors: Lack of knowledge – people keep knowledge to themselves and a l