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Paul Polak is an entrepreneur with a social conscience. He
also has a proven Free Market Fusion idea: how people can
make money while doing good for themselves and their neighbors.
During
his first career, Polak was a psychiatrist who specialized
in dealing with mental health problems of the poor.
"I
also traveled a lot," he explains. "And it became obvious
to me that many of the mental health problems around the world
were rooted in the symptoms of poverty. So, when I went through
mid-life crisis and decided to make a career change, attacking
one of the fundamental issues -- poverty behind mental patients'
situations -- seemed natural."
Polak
is also a successful investor and entrepreneur, having dealt
with small companies and start-ups most of his adult life.
He understands the difference that giving poor people a chance
to help themselves, as opposed to giving handouts, can make.
"This
obviously doesn't work in the middle of a war or in the aftermath
of an earthquake," he says. "There will continue to be a need
for direct assistance in such crises."
But
in relatively stable, developing countries, he pinpointed
millions of farmers and manual laborers who were in poverty
or on the borderline. For those individuals and their families,
simple farming devices and light manufacturing have made an
enormous difference in their quality of life, including mental
and physical health.
According
to a World Bank study, large-scale irrigation projects funded
by international agencies in locations such as Asia and Africa
have had disappointing results in helping farmers increase
food production. Still, populations are increasing, and there
is an acute need for more local food production.
The
same report has placed considerable hope in small-scale technology
solutions to irrigation that can be implemented on an individual
level. This includes the appropriate-technology approach of
IDE.
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