I've read some interesting comments. But the truth is that you cannot wipe out poverty... only alleviate it. The SHORT ANSWER: Force governments and societies to allow for upward mobility and the creation of a better life, without placing restrictions, taxes, fees, rules and complicated regulations on those trying to make a better life for themselves. Rationale: Being poor is not the issue really. It's the conditions that being poor bring. People need access to the basics, food, shelter, medicine, water. Everything else is extra. The United States has abject poverty and it's one of the richest nations in the world. Go to rural Appalachia... go to Mississippi, go to any number of locales (American Indian reservations) and you'll realize that poverty isn't a rich nation vs. poor nation problem. It's everyone's problem. Truthfully, I've lived a large portion of my life in the third world. It's the social environment that sets up poverty. For example, in Latin American countries, if you are born a poor indian in the rural areas, chances are no matter how much money you make, society will always consider you just an indian with money. The politics also hold down the working classes to provide for cheap labor and to help the rich get more affluent. You are not going to be able to change this with a few grants of 200 dollars. These businessmen will have to find a way to sell goods to people who don't have the resources to buy them. I'd focus more on finding a way to provide a living wage to those who want to work and contribute to society. Because the truth is that not everyone is cut out to run their own business. There are leaders and followers. Leaders get paid the most and followers rarely get paid much at all. Giving grants/loans will do little but waste money if the society in which a person operates is stacked against their success. Real poverty to me, means that you cannot meet your basic needs. Natives in the south pacific at the turn of the century didn't have a ton of gold or electronic gadgets or cars. But they lived in paradise because they had all the food they needed and a beautiful place to live. In short, their basic needs were met. Not everyone can own a 5 bedroom house with a 2 car garage. But I do think everyone can be fed and clothed. And while it may not be in the fanciest of fare and wardrobe. When you are truly hungry and overexposed to the elements, then you don't care if you are eating beans or wearing a shirt from the 60's. Entreprenuership is key. So is creating a sense of self motivation in people. But thinking that it's enough is simply wrong. I'm not saying that the rich and the affluent should "give" away what they have. But I do believe that the ruling classes should be very careful to create a system in which people can achieve a better life. Asking how to create a poverty free world is like asking how to eliminate racism, sexism, etc. Society has to change the way it thinks and operates before any positive outcome is going to be reached. Unfortunately, you can't regulate morals and values with laws. So long as people don't hire someone based on external factors, there will be poverty.