A winner of the Nobel Peace Prize offers his vision of an emerging new economic system that can save humankind and the planet Muhammad Yunus, who created microcredit, invented social business and earned a Nobel Peace Prize for his work in alleviating poverty, is one of today’s most trenchant social critics.
Now, he declares, it’s time to admit that the capitalist engine is broken – that in its current form it will inevitably lead to rampant inequality, massive unemployment and environmental destruction. We need a new economic system that unleashes altruism as a creative force that is just as powerful as self-interest.
Is this a pipe dream? Not at all. In the last decade, thousands of people and organizations have already embraced Yunus’s vision of a new form of capital...