An alternative

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.

Moral of the deal

Tony Blair, former Brit PM begins teaching a course on ‘Faith and Globalisation’ at Yale this week. The need for that course came in the wake of 9/11 and the realization that what people believe cannot be separated from the way they will react to even the smallest ripple effect of globalisation.
I wonder why, in the wake of the economic crisis, no one is speaking about Morality and Economics, or Value-based Business Practice? It is clear that greed and an unhealthy focus on bottomline has caused the present financial catastrophe. Now, who is going to bell this cat?