Durreen Shahnaz, who is working as an Associate Professor in the University of Singapore writes the following article in Daily Star in Business section on 26 June 2008 titled ‘The land of creative capitalism’ discussing the opportunities of social business in Bangladesh:

I wrote a piece for this newspaper several months ago, the general theme of which was that we as a nation need a tag line or a ‘mantra’ around which we can unite the country. Given that in the last few months I have not heard any compelling suggestions, I will be presumptuous enough to give our country a tag line/vision/theme, which is, ‘In five years time, Bangladesh will be the world leader of creative capitalism’. Read the rest of this entry »

Published on Friday, February 15, 2008 by the Christian Science Monitor

How Social Business Can Create a World Without Poverty

by Muhammad Yunus

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.

Moneymaking is an important part of humanity, but it is not the only part. Caring, concern, sharing, empathy – all of these aspects also must be considered when developing an economic framework that takes the whole person into account.

Enter the missing piece of the global development puzzle: social business. Read the rest of this entry »

The 2008 Outstanding Achievement Award
at the Ashden Awards ceremony in London on Thursday
Staff Correspondent -The Daily Mail – Saturday, June 21, 2008

Collated by Brother Shafi

Grameen Shakti, which has installed 150,000 solar home systems in the country and is adding around 5,000 new systems each month, was awarded the 2008 Outstanding Achievement Award at the Ashden Awards ceremony in London on Thursday.
The non-profit organisation — a 2006 Ashden Awards prizewinner — bagged the award for its role in income generation among rural population through installation of solar home systems, says a press release received in Dhaka.
The Ashden Awards for Sustainable Energy was founded in 2001 by the Ashden Trust, a Britain-based charity that works to increase the use of local sustainable energy worldwide. Read the rest of this entry »

Social citizen writes on the book:

…………according to Bill Gates.

Social businesses are set up like investment accounts where the money is returned over time and the interest is paid in social dividends. Social businesses are created in the traditional capitalist business model, except the investors & owners of the company know they will never receive dividends or profits on their earnings. All of this money is used in the community.

For Bill Gates this concept is already second nature. He calls it “creative capitalism“. Gates says 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.” His refining of the system means converting to social business. Read the rest of this entry »