Re-allocating wealth

By giving new life to used bicycles, David Schweidenback, who won a Rolex Award in 2000, is improving the lives of people in many developing countries.

"One cannot spur a capitalistic economy by giving things away. Giving things away actually damages an economy.

Pedals for Progress, the organisation he founded in 1991, has just collected and exported its 100,000th bike – and is now extending its activities to sewing-machines.

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