The Adam Smith of Poverty.

Marcus's picture
Submitted by Marcus on Sun, 2006-10-15 19:04

After Nobel Peace Prize prizes awarded to the likes of Kofi Annan, Yasser Arafat and Mother Teresa - here is finally a winner worth applauding!!! A self-proclaimed "free market guy" - Muhammad Yunus.

The Adam Smith of poverty.

"Blair and Bush pay lip service to fighting poverty. But they should forget charity. They should be business people, instead,” he said.

Professor Yunus, who makes a point of never giving money to beggars but is prepared to offer them loans, believes that the only way to defeat poverty is helping people to help themselves. “The mindset [in the West] is here is some money, go away. It’s just like with a beggar. They dish out money but that money is going to the rich and corrupt. You have to rethink the way you do business to get people out of poverty.”

Professor Yunus insisted that he was not against the free market, but that he wanted the market to be free for everyone.

“I am a free-market guy and even the poor people should be part of the free market,” he said. “Two thirds of the population in the world are not able to participate, so it is not free."

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The Eighth Habit

Luke Setzer's picture

Stephen Covey speaks favorably about Yunus as a role model in his book The Eighth Habit.

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