muhammad yunus – social fiction
getting intro’d to him at Skoll Summit Forum 2013.
if it takes so little to make such a difference, why don’t we do that more
whole world as one big oxford (city as school) – we can change everything
it’s a question of how we design things – if we imagine – it will happen
everything that was impossible just became possible – via @Yunus_Centre at @SkollWorldForum – impossible is irrelevant – @lessig
why – system condemning people? should be us questioning system
nothing wrong with the person
tech is taking us far beyond the institutions we built
Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economist and Nobel Peace Prizerecipient. He previously was a professor of economics where he developed the concepts of microcredit andmicrofinance. These loans are given to entrepreneurs too poor to qualify for traditional bank loans. In 2006Yunus and Grameen Bank received the Nobel Peace Prize “for their efforts through microcredit to create economic and social development from below”. Yunus himself has received several other national and international honours.
rise and fall of micro credit – shared on fb by manish:
Yunus portrayed microcredit as a panaceafor a range of development ills. He said it would rapidly eradicate endemic poverty and under-development by creating jobs, raising incomes and including previously excluded groups (notably women) into economic activity.
The global microcredit industry has achieved nothing more for the mass of clients than to plunge them into deep debt and irretrievable poverty. This was perhaps not the original intention of those promoting microcredit, but it is what has happened nevertheless.
need for ….a nother way
yusuf singing for his nobel..
capitalism: a ghost story
many yrs later, this idea has trickled down to the impoverished countryside of bangladesh when mohammed yunus and the grameen bank brought microcredit to starving peasants w disastrous consequences.. the poor of the subcontinent have always lived in debt, in the merciless grip of the local village usurer – the bania.. but microfinance has corporatized that, too. microfinance companies in india are responsible fo r 100s of suicides – 200 people in andhra pradesh in 2010 alone..
there’s a lot of money in poverty, and a few nobel prizes too