I wrote a Twitter screed last night that I thought I might as well link here. I started reading this

I wrote a Twitter screed last night that I thought I might as well link here. I started reading this Bloomberg Businessweek story about a bunch of venture capital backed loan sharks called Tala. The story honestly got me so upset I couldn't finish it. Microlending is a good concept but only when it's done by non-profits like Gameen and Kiva. For profit microlending is bad.

End of story. Done. Finished. That's it. It's bad and the people who do it are bad people.

There is a very simple rubric for telling the difference between good and bad credit toward people in the developing world. Does the profit made on the successful loans remain in the local economy or does it ultimately find its way back to a much richer country? I think you can work out which one is good and which one is bad.

Globalism is a complicated topic because of the developing world. It's clearly good for the rich world, for everyone else though it's more case by case.

But here's what I really logged on to write: when do-gooders think we should love them because they are just trying their best, it annoys me. When do-gooders do a bad job at doing good and willfully try to paper it over, it makes me angry. When evil people couch terrible behavior in a narrative of philanthropy it makes me so angry my body starts to shake and my heart rate feels dangerous.