Christy Hardin Smith compiled a live conversation with the author on ‘Creating a world without poverty’ in FDL Book Saloon:

[Please join me in welcoming Muhammad Yunus, founder of the Grameen Bank and winner of the 2006 Nobel Peace Prize. Please stay on topic on the comments and be polite. Off-topic conversations should be taken to the prior thread. Thank you! — CHS]

A child does not select the family into which he or she is born. Some are born into families of comfort, some to great wealth, but some to families who struggle every single day with poverty. The child doesn’t ask for this as a start in life — to be so far behind where so many others have begun. And each time we turn away from this, thinking that it isn’t our problem or that it is just the way things are, we potentially sentence that child to an endless cycle of poverty for all the generations that follow. Read the rest of this entry »

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The Milken Institute discusses the “Creating a world without poverty’ as an event:
As if being awarded the Nobel Peace Prize weren’t enough, Muhammad Yunus has set his sights on a new goal: turning the entire current cannon of business thought on its head. As captured in his latest book, Creating a World Without Poverty, Yunus is determined to bring about a tremendous change in our current understanding of what it really means to turn a profit. Read the rest of this entry »

Following is the personal accounts on ‘Creating a world without poverty’ in Peter Unzipped:
Yesterday I finished Creating a World Without Poverty, a book by Muhammad Yunus that covers a lot of ground but mainly focuses on social business. For those of you who are not familiar with the term, a social business lies somewhere between a for-profit business and a charity. For the most part, a social business operates like a for-profit business except it does not pay dividends – it only returns the original investment to it’s investors, any profits are used to expand the business. Like a charity the goal of a social business is to meet a particular social need, but unlike a charity it seeks to be self-sustaining so that it does not have to rely on donors for cash. Read the rest of this entry »

BILL WILLIAMS reviewed the book in National Catholic REPORTER:

Muhammad Yunus was looking forward to a career as an economics professor when he became curious about why so many people in his native Bangladesh were mired in poverty.

He had encountered a woman who turned to a local moneylender whenever she needed cash for materials to make stools. The moneylender required that she sell him everything she produced at a price he would determine, a system Mr. Yunus equated with “slave labor.” Mr. Yunus then began lending money out of his own pocket to poor women and eventually founded Grameen Bank to provide small, low-interest loans to people with no credit history and no collateral. Read the rest of this entry »

Make things happen

May 26, 2008

Arvind Devalia noted his observations on the book in his blog

Last Saturday I was lucky enough to hear live a lecture by Professor Muhammad Yunus at the wonderful St James Church in Piccadilly London. Professor Yunus was honoured and recognised for this life changing work amongst the poor of Bangladesh with the Nobel Peace Prize in 2006.

I was especially lucky to have had front row seats – and you can see more pictures on my Facebook profile.

It was quite an inspirational day – here was an amazing man with the lofty ambition of eliminating poverty from the world and to one day make it simply non existent – so that we would need “Poverty Museums” to show future generations what life used to be like for the majority of people on earth. They will wonder why poverty existed so long in humankind – and how there could have been so much inequality in the world. Read the rest of this entry »

Gaziul Hasan Khan in Daily Star looks at the options in the Nobel laureate’s new book Creating a World Without Poverty by Muhammad Yunus

Nobel Peace laureate Professor Muhammad Yunus, a pioneer of collateral free small credit to poor women, is in quest of harnessing free market power to solve the problems of poverty, hunger and inequality across the world. Grameen Bank, which he founded more than three decades ago to reach collateral free credit to the target group at their doorstep, has been replicated in all the continents to benefit over 100 million families. But he remains far from satisfied as poverty, hunger and inequality continue to trouble the world as well as his native Bangladesh. If the dynamics of capitalism could be applied properly, he believes, poverty, the greatest challenge, facing mankind, could be tackled to a great extent. Read the rest of this entry »

The Christian Science Monitor made an analysis of the power of the social business:

Bill Gates caused a stir in Davos last month with his call for “creative capitalism.” He pointed out that while capitalism is “responsible for the great innovations that have improved the lives of billions … to harness this power so it benefits everyone, we need to refine the system.”

I see traditional capitalism as a half-developed structure. It ignores the humanity within all of us. Read the rest of this entry »