Microfinance and Loan Sharking
As we take into account these stories of recurring financial system instability, it raises the question of if it is even possible to make banking and financial stable and serve the purpose of social provisioning. At every turn there seems to be a new innovation that has become all the rage because it promises great things for people and the environment while generating handsome profits and lucrative careers. Things like socially responsible investing, impact investing, organic food production, fair trade, green energy, and so many other initiatives were cast in the limelight as win-win business models in which entrepreneurs could do right by the world and make big bucks along the way.
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