Muhammad Yunus on a new kind of capitalism

Intelligence Squared

Arts, News, Society & Culture, News Commentary

4.2 • 1.1K Ratings

🗓️ 20 March 2015

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

‘Making money is a happiness. And that’s a great incentive. Making other people happy is a super-happiness.’ These are the words of Muhammad Yunus, the Nobel Peace Prize-winning Bangladeshi economist world-famous for starting the microfinance movement. That movement is just part of Yunus’s mission to ‘put poverty in the museums’. A charismatic visionary, as much at ease with global leaders as he is with the poorest of street beggars, Professor Yunus believes every person can play a part in reducing poverty. And they can do this not by writing out a cheque to a charity or through hard-headed capitalism, but by means of a model that lies somewhere between the two. He calls this model social business. As Professor Yunus likes to explain it, social business isn’t just about helping the poor – it can also help to change us. When we put on ‘social business glasses’ we start looking at the world and thinking about it in new ways. We bring fresh insight to our conventional profit-maximising companies and become... Support this show http://supporter.acast.com/intelligencesquared. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:04.0	Well, good evening everyone.
1:07.0	So Professor Eunice has been described on a piece in Prospect magazine
1:11.0	as a modest man with much to be modest about. His story
1:15.6	began by suggesting that each of us should start with solving one person's
1:19.2	problems, then doing the same for five people. Professor Eunice went a few better than that.
1:25.0	Since then, he's not just helped five people out of poverty,
	...

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