Thursday, October 16, 2008

Muhammad Yunus: let the system correct itself

Muhammad Yunus, interviewed by Businessweek, disapproves of the government assisting the financial system in the US. He believes the market can and should correct itself. He also believes the markets should restructure themselves along the lines of social businesses, like his own Grameen Bank.

The guy has a PhD in economics from Vanderbilt University in the US, and is a Nobel Peace Prize winner. He's no fool. However, I disagree that the markets in the US have the capacity to think along the lines of social businesses.

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