Freyburg

While the traditional model of aid for developing countries is to dump a big pile of money into the lap of sometimes questionable governments, it turns out that the key to ending poverty might be to decentralize, lend smaller amounts of money to a larger group of people, and distribute cell phones amongst the poor. That’s subject of Wired founder Kevin Kelly’s blog post, which points to research indicating that democracy is more likely to sprout up when money, resources and communication tools are given out on a many-to-many model rather than a hierarchical, authoritarian approach. I recently had a chance to interview someone at Kiva.org, a microfinancing site, and he reiterated that not only do micro-loans do tangible good but the poorest beneficiaries of the loans are the most likely to pay back their debts.

At any rate, its interesting to see the Internet peer-to-peer model spreading to the developing world at the micro level. At the macro level, as noted in Fareed Zakaria’s “The Post-American World,” developing nations like India and China re already reaping the benefits of outsourcing, connectivity and a global marketplace.

Gas prices are creeping ever upward, a trend that makes me happy that I don’t own a vehicle. But according to Wired‘s car blog, Autopia, the rising price of fuel isn’t a temporary phenomenon. Demand from China and India, a tightening supply, and a slowing American economy are all to blame. And then there are speculators who will likely keep prices high, even if other factors ease off. Bottom line? Get a bicycle.

Current TV is hosting a really interesting documentary on Chongqing, one of the “megacities” springing up in China’s feverish push to become the dominant economic power of the 21st century. Definitely worth a watch.
[swf]http://current.com/e/88938803[/swf]

Just to dampen the previous “OMGPARADIGMSHIFTBLURGH” of the previous post, here’s a “whoa, nelly, not so fast, Internet honchos” from the recent Web 2.0 conference.

America is known as one of the most innovative, entrepreneurial places on the planet…or at least it used to be. The subprime mortgage crisis, along with a shaky economy and a war that’s been a colossal money sink, have given pause to the thought that the US is the financial titan of yore, as seen in this article in Slate.