If you mean “by increasing economic activity, since poor people have lower rates of saving, thus creating more wealth,”
This appears to be a complete non sequitur.
What I mean is the typical capitalist statement “voluntary transactions create wealth.” Since both sides are happier than they were (well, most of the time, this is reality after all), they’ve both gained wealth. This gets called “creating” wealth, even though that’s a bit silly :) So if you want to make people happier, one way is to look for high-gain voluntary transactions, and make them happen more often. Thus my claim that increasing economic activity will (ceteris paribus) create wealth.
This obviously isn’t always applicable—sometimes investing the money (what would otherwise happen) is just fine, wealth-creation-wise. But if poor people, and the economies that poor people are part of, have high-gain voluntary transactions available to them that they aren’t using yet because of lack of money in the system, there’s opportunity.
What I mean is the typical capitalist statement “voluntary transactions create wealth.” Since both sides are happier than they were (well, most of the time, this is reality after all), they’ve both gained wealth. This gets called “creating” wealth, even though that’s a bit silly :) So if you want to make people happier, one way is to look for high-gain voluntary transactions, and make them happen more often. Thus my claim that increasing economic activity will (ceteris paribus) create wealth.
This obviously isn’t always applicable—sometimes investing the money (what would otherwise happen) is just fine, wealth-creation-wise. But if poor people, and the economies that poor people are part of, have high-gain voluntary transactions available to them that they aren’t using yet because of lack of money in the system, there’s opportunity.