Creating a World Without Poverty

Tuesday, January 27, 2009

Nobel Laureate Mohamad Yunus says that creative, socially-conscious approaches to business can both reinvigorate capitalism and help eliminate global poverty. His new book is Creating a World Without Poverty.


Mohamad Yunus

Comments [8]

angela from Manhattan

Yunus' work is wonderful: Why should our only choices about what to do with money be profit or its opposite, pure charity? These are Calvinist Protestant choices which have historically underwritten capitalism in its current form. Both profit and charity help you get to heaven in this theology. They are based in individual salvation. But why not use our economic power to ignite someone else's power to live a better life by investing directly in their OWN PLANS? Look across to other people, not up to what God might think. Great segment!

Too bad you did not mention where people can lend online to mall projects around the world. Maybe I missed it.

Jan. 27 2009 01:40 PM
asnet from New York

Is the concept of social business part of the solution to health care in the United Sates?

Jan. 27 2009 01:29 PM
NASEEM JAMALI from Westchester

Isn’t social business that Mohammad Yunis is advocating the same as socialism – Marxist type. According to Marx capital is generated when
the surplus value, over and above that is necessary to maintain a worker, is appropriated by someone else – the capitalist.

In fact criticism of socialist societies is based on the question of motivation:
Due to lack of profit, people were not willing to work enough to generate
Value over and above what was necessary to keep making jobs even incurring losses.

Lots more criticism…

Naseem Jamali

Jan. 27 2009 01:12 PM
Ben from Brooklyn

I was hoping that Mr. Yunus could discuss what specific roles charities will still have to provide that cannot be fulfilled in his idea of social business.

Jan. 27 2009 01:00 PM
Eric from B'klyn

In a radio interview, Ann Korten recalled that she worked w Barack Obama's mother on microworked credit projects when they were in Jakarta. Perhaps Obama would be receptive to Dr Yunus' ideas.

Jan. 27 2009 12:58 PM
Phil H from Seattle

Leonard: Would you ask Mr Yunus to compare / contrast Social Business with non-profits? Would he consider Non-Profits to be social businesses? Does he set up his social businesses as non-profits? Thank you.

Jan. 27 2009 12:55 PM
Glen Ganaway from Manhattan

I am so excited about his definition of Capitalism! I've been saying this for YEARS! We can base an economy on anything, why not human potential?

I know this is where we're heading! This is the sustainable future!

This is very exciting.

Jan. 27 2009 12:52 PM
Eric from B'klyn

I've read (and recommended) Creating a World Without Poverty. In it, Dr. Yunus advances his concept of 'social business'. Does Dr. Yunus believe that GM or Chrysler could be run as a social business? Is America ready for social business?

Jan. 27 2009 12:31 PM

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