Mohammad Yunus totally agrees with me that greed has undone us and governments are making a mistake by bailing out the very systems that encouraged greed.
Microfinance offers a conceptual solution - common welfare. Everybody needs to benefit, or else, greed will set in and we know how that worked out.
Yunus, says, “The people put in the money, the people lend to each other and we don’t tap the international financial system. Today, we have no shortage of money and 99.6 per cent payback rate.” And his Grameen Bank is talking about a turnover of a billion US.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment