27 Feb '12, 8am

For Love or Money? Prof @Yunus_Centre on #SocialBusiness #socbiz #socent #change

For Love or Money? Prof @Yunus_Centre on #SocialBusiness #socbiz #socent #change

Professor Muhd Yunus speaks to New Asia Republic The love of money, upon which capitalism was construed, encourages an almost wanton pursuit of wealth for individual gain and has produced an inordinately overwhelming societal fixation on augmenting financial outcomes regardless of the means. Criticised for its role in the perpetuation of various social ills, unsustainable economic growth as well as the lack of parity in wealth redistribution, the capitalist approach to business was considered by some to have actually contravened its theoretical advantages. It was with this keen insight into the infirmities of capitalist business practices that Professor Muhammad Yunus, renowned economist and founder of Grameen Bank, conceptualised a new and more compassionate system. The idea, termed “social business”, was considered an alternative to traditional models of enterprise and w...

Full article: http://newasiarepublic.com/?p=36330

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