Mohammed Yunus: The solution is humane capitalism
One of the greatest successes of economic development has been Mohammed Yunus’ Grameen Bank and its microcredit. Richly deserving his Nobel Prize, Yunus proved that market mechanisms work wonders in bringing people out of poverty, provided those mechanisms are on a human scale, encouraging connections and society cohesiveness.
Now, he says big economies need to follow suit. Check this article from Der Spiegel about how only capitalism can save the economy, but that modern casino finance must stop. At its root, businesses must exist for more than just profit.
Organizations have been talking work-life balance and social responsibility for some time. This economic crisis is upping the ante.
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