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Giving capitalism a social conscience

Muhammad Yunus, the recipient of the 2006 Nobel Peace Prize, has been asserting the most powerful way to eradicate poverty is to unleash untapped entrepreneurial capacity of people

David Bornstein | NYT 

For more than 40 years, Muhammad Yunus, the Bangladeshi founder of the Grameen Bank and recipient of the 2006 Nobel Peace Prize, has been asserting that the most powerful way to eradicate poverty is to unleash the untapped entrepreneurial capacity of people everywhere. “Poverty is not created by poor people,” he says. “It’s created by the system we built. Poor people are like a bonsai tree. You take the best seed from the tallest tree in the forest, but if you put it in a flower pot to grow, it grows only a meter high. There’s nothing wrong with the seed. ...

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First Published: Wed, October 11 2017. 12:15 IST
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