Complete video at: fora.tv Muhammad Yunus, Nobel Peace Prize winner and founder of The Grameen Bank, explains his “social business” model, a plan for addressing social issues through entrepreneurship. This program was recorded in joint collaboration with the Commonwealth Club of California and Link TV. —- Muhammad Yunus, Nobel Peace Prize winner and founder of The Grameen Bank, speaks about his new book Creating a World Without Poverty. Muhammad Yunus is founder and managing director of …
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Muhammad Yunus – The Social Business Model
Posted on 07 January 2010
25 Responses to “Muhammad Yunus – The Social Business Model”
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If we are to make progress we must make the connection between the underlying law of nature and the subject of Yunus’ talk.
pure genius
Muhammad Yunus idea of micro credits first given to Bangladeshi women and later on to the entire third world is nowadays well picked up by profit maximizing western banks, BECAUSE it is profitable for them. Try to get in literature of or about Muhammad Yunus and you will easily see that it is no dream world he has dedicated his life for. This is best practice for a solid basis of a peaceful co-existence of mankind.
I am sorry, but I cannot agree with you. Yunus received together with his Grameen Bank the Nobel Peace Price. So a mix of profitable and non profitable ventures really does have a bright future due to the economic instability in many poor countries. Furthermore, there is also something called love for your fellow people, maybe we should all think about that.
The only people I know who are in debt are those who have bought a house within the past 10 years.
The problem in the U.S is not privately owned banks. Its the failing of the State to provide simple basic rules for the economy and even more its the fault of over consumption. I don’t have much sympathy for people who’s financial misery is self inflicted. China is a capitalist country with private banks. What is your point? Do you mean to say that democracy is not necessary for progress?
With the current banking system, almost every other person is burdened with debts. It only create illusion of prosperity, but it comes crashing down once the bubble bursts. Just look at US for example. Even companies like Intel and AMD are in loss, while banks like barklays still made millions during recession. The problem with capitalism is that it very much favors the parasitic bankers, which actually earn by doing nothing! Capitalism is not a must for Industrial Progress. China is an example!
A socialist banking system then? I’m sorry but the free market has a superb track record compared to socialism in its economic variations. I live in a country which is quite socialist compared for example to the States, but our prosperity would be impossible to maintain without a fully free market and the entrepreneurship that is its engine.
omegavalerius, I’m not a fan of Islamic banking either. Infact, I want us to abolish capitalism altogether. That is, fiat money, fractional reserve banking and interest. Instead we should have a gold and silver currency, no fractional reserve banking and no interest. The government can take the responsiblity of all savings and from that pool can lend people at 0% interest. In my opinion the commercialization of moneylending is what is causing recessions, depressions, inflations and poverty
Interest free loans would be a social business but we have experience that even loans with interest work very well. The key idea with having interest rates is to lure the big financial players into the game. This means more money with which to solve the problem.
I’m not a big fan of the Islamic baking system because of their tendency to replace interest with payment. You don’t pay interest but you pay a fee for the money.
Another important thing is not to leave everything to companies, but government should also take steps. In my opinion, banking should be abolished altogether. We should bring back currency based on Gold and Silver, get rid of fractional reserve banking and let government do all the saving of money and lending at 0%. Unless we abolish interest and fiat money, we can’t finish poverty!
You could give poor people interest free loans. That is why in Islam the virtue of giving interest free loan is as much as giving charity, or even more, I’m not quite sure.
The exact problem with charity is that it doesn’t help people out of poverty, it makes sure they are kept in poverty. The rich should rather put their money into social businesses and banks who supply micro loans than give it to people like Mother Theresa or other lovers of poverty.
dream world. How the hell is someone going to get involved in a business if they are not going to get any return from it? People would need to be already financially secure before they coniderer investing. By the time they’re rich enough they might aswell donate surplus funds to charity.
Sorry Yunus but your solution holds no water in the real world
This man is even better then the ferry tale guy named Jesus.
racists scrub
Inspirational. I’m trying to replicate the Bank of the Poor model in my home country. Wish me luck!
To coco1234lexi: Get a grip, a moral compass and a conscience kid – so far in life you have developed no soul. Get out of your comfy suburb and travel a bit to learn how good and easy you have it and how bad and hard the majority of kids in the world have it. Dedicate your life to making a positive difference in the world or your life will be meaningless and wasted.
u are just a mother fucker. u know nothing about this world. be educated.ok
fuck u muhammad
I ditto that comment…
What a great man …
I really liked your video and your channel. If you need any help getting this video or channel exposed I use a site called tubeviews.(net) It has really helped like 20 of my main videos get to the top in position. Its nice.
Nice.
Hey Good Video and great approach to business I could use someone like you check out my page and videos, should be some helpful information on there.
Very good work !!
slam this tight lil ass =]?
im so b0red. MSG me on M.S.N. id in my profile. al