Using Capitalism to Alleviate Poverty

The podcast episode explores the idea of using capitalism as a means to alleviate poverty. The speaker, a practical philosopher, discusses the potential for profit and purpose to go hand in hand. They emphasize the importance of serving low-income people through purpose-driven companies that provide essential services. By investing in businesses that address basic needs, such as micro-insurance, healthcare, and savings products, billions of people can be lifted out of poverty. The speaker argues that capitalism, when combined with a focus on serving the least advantaged, can generate wealth and create jobs while also benefiting the poor and reducing inequality.