Peruvian economist Hernando de Soto turned classical capitalism on its head with his trickle-up theory: that if you create wealth at the bottom of the pyramid, it will find its way up. de Soto, president of the Institute for Liberty and Democracy, speaks to The Indian Express Editor-in-Chief Shekhar Gupta on NDTV’s Walk the Talk on the need for the poor to be able to participate in the global economy...
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India's 'revolutionary' RTI Act fails to reach the poor
A law empowering Indians to seek information from government to promote accountability and transparency has brought change to urban India, but has largely left out the country's rural poor, social activists say. The Right to Information (RTI) Act - similar to the Freedom of Information Act in the United States - was enacted almost five years ago and is aimed at providing a practical way for all citizens to access...
More »UPA to try 'de Soto model' for slum development by Saubhadro Chatterji
The day Kumari Selja assumed charge as the Union minister for housing and urban poverty alleviation in the second United Progressive Alliance government, she got an unusual gift: a set of two books from none other than Prime Minister Manmohan Singh. The books, The Other Path and The Mystery of Capital, were by eminent Peruvian economist Hernando de Soto, hailed as the “poor man’s capitalist”for his work on the informal sector....
More »Dalit families get their land, thanks to RTI Act by M Dinesh Varma
They plan to raise bank loans to build their own homes and take up agriculture Landless Dalit families in a Kancheepuram village have used the Right to Information (RTI) Act to prompt the district administration to hand over land that was originally allotted to them several years ago, thanks to the initiative of a grassroots NGO. A total of 106 Dalit families in Alisoor village were allotted 100 sq m...
More »Don’t dwell on it
India can’t be made slum-free very soon, says a government panel. Why did we even try? So it’s kinda official: India won’t be able to make slums disappear in the ‘next five years’. When in June 2009, President Pratibha Patil told Parliament that ‘her government’ was planning to make the country slum-free in half a decade through a new scheme, not much attention was paid. However, like the eradication of poverty...
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