Tuesday, August 14, 2007

A kiddie bank

A bank where the Manager, the Board, the Loan committee and the Assistant managers are all children. A true bank by the children for the children!
Not sure how that would work? Read about it here.

Makes you feel guilty that you are sitting in a cosy room and sipping hot chocolate while you read about it doesn’t it?

It’s deplorable that we need such a bank in the first place and that there are enough children living out of our streets who needs banks like this! That gives us a very easy definition for Developed and Developing economies.

Developed Economy: One that can provide for its homeless and unemployed and take care of their basic needs and make sure that they even have enough money for a beer when they feel like it.

Developing Economy: One that has no time or resources to lavish on the homeless and unemployed and lets NGOs and generous citizens take up this role. And it doesn't care much.

All that matters is what part of the world you were born!

3 comments:

dinu said...

There was an article on rediff on this today. http://www.rediff.com/money/2007/aug/13bank1.htm

rinchen said...

I remember some bank like this which I was told about back in school. Unfortunately, I didnt pay much attention to it then. Not that I do now either :(

Wow, that link does make one feel very guilty about lavish spending. nd to think I wanted some more spending to do...

Girl With Big Eyes said...

Dinu,
Thanks for the link.

Rinch,
I know dear and the fact that today is Independence day for us makes it even sadder :(