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Submitted by Fraser Dinnis on
This is highly compelling on a number of levels, but fraught with dangers. No doubt, politicians would still be able to make money by awarding the contract for the distribution of monies to a 'related' corporation, but that can probably be accepted. The bigger concern would be the opportunities that would open up to organised crime at the street level once people were given cash. Some of the problems in the micro-credit industry would be minor compared to the possibilities that distributing even a few dollars per head of population would offer to such low-lifes. However, I am unsure whether this is a good reason not to pursue the plan. Such criminal activity will always exist, but the democratic nature of this may be worth trying in countries such as Sierra Leone that are showing signs of recovery. That the World Bank would support it is fantastic, the question is whether other Govt and multilateral agencies will also stand behind it?