Financial Inequality: Can Crowdfunding and Microloans tilt the balance?
When I first started exploring the concepts surrounding unbanked people and their challenges, I realized that most countries' governments may not be able to fully tackle the existing inequality. With a background in Social Policy, I continue to grapple with the sometimes-contradictory role of social policies as a force for progressively transforming inequalities while still reproducing the very inequalities through a complex interplay of intersecting factors. Previously, I explored the possibility of blockchain technology to solve some of the institutional barriers to financing development . Despite the technological milestones, it continues to be an uphill task to integrate hard-to-fathom, breakthrough technologies such as digital currencies into mainstream economic systems. Later in a 17,500-word thesis, I contended with the hope presented by the private sector through localized individual philanthropy, borrowing from a history of the currency of generosity with philosophies li...