Vivian Norris de Montaigu, writes in The Huffington Post on the closeness of Bill Gates’ Creative Capitalism and Muhammad Yunus’ Social Business:

The way it works is that instead of giving money away to a non-profit charity, you help create businesses — in fact new business models. As little as a $25 can motivate an entrepreneur in the developing world, by funding a microcredit organization such as Kiva.org, which gives out small loans. This process allows that money to grow and be reused and help create true sustainability, unlike the charity dollar which must be raised each year. Now try the same thing on the corporate level and you can begin to see that it is truly possible to create a “world without poverty”, and that poverty is indeed an “artificial construction.” These words have been stated time and again by Professor Muhammad Yunus’, the 2006 Nobel Peace Prize winner, and they are put forth in his latest book, Creating a World Without Poverty: Social Business and the Future of Capitalism. Professor Yunus, also known as the “banker to the poor” is asking that the poor be poor no more and is inviting major international corporations to not make a profit off the poor, but actually create sustainable businesses which also provide a public service, be it in the areas of health, technology, infrastructure, communications, education, etc. Read the rest of this entry »

Bill Gates proposes his ‘Creative Capilalism’ in World Economic Forum
at Davos, Switzerland

Thank you for that welcome and for the privilege of speaking at this forum.

This is the last time I will come to Davos as a full-time employee of Microsoft.

Some of us are lucky enough to arrive at moments in life where we can pause, reflect on our work, and say: “This is great. It’s fun, exciting, and useful—I could do this forever.”

But the passing of time forces each of us to take stock and ask: What have I accomplished so far? What do I still want to accomplish?

Thirty years, twenty years, ten years ago, my focus was totally on how the magic of software could change the world.

I believed that breakthroughs in technology could solve the key problems. And they do—increasingly—for billions of people. Read the rest of this entry »

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 »