Muhammad Yunus
So I spent the last few days in Boulder, CO, and I think the experience has turned me a bit to the left. Actually, I've had some thoughts festering for a while. Specifically, can unbridled capitalism really work in a global economy with finite resources. Recently, I've been testing my thesis that the mega-corporation is an inherently evil thing. So far...the theory is getting validated. Somehow, it just seems instinctual that big things are bad. How about we break apart any corporation that exceeds 5 billion in sales, simply because they're too big. Absolute power corrupts absolutely, you know!
Muhammad Yunus is a Nobel Peace Prize winner based on his implementation of microfinancing services. Here are some of his latest ideas:
"Pure-profit maximization is bad for people, for the environment and, ultimately, he argues, for capitalism, since it places unsustainable demands on the system.
But if unfettered capitalism has its shortcomings, so does out-and-out charity. Yunus sees charity as a bad bargain for both those who give it and those who get it. Rather than providing a path to self-improvement, charity relieves recipients of the responsibility for their own betterment. And those who give charity find themselves writing a check every year for the same problem, without any expectation that it will ever be solved."
Click here to read the whole story.
Muhammad Yunus is a Nobel Peace Prize winner based on his implementation of microfinancing services. Here are some of his latest ideas:
"Pure-profit maximization is bad for people, for the environment and, ultimately, he argues, for capitalism, since it places unsustainable demands on the system.
But if unfettered capitalism has its shortcomings, so does out-and-out charity. Yunus sees charity as a bad bargain for both those who give it and those who get it. Rather than providing a path to self-improvement, charity relieves recipients of the responsibility for their own betterment. And those who give charity find themselves writing a check every year for the same problem, without any expectation that it will ever be solved."
Click here to read the whole story.
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