I enjoyed these comments from U.S. News about Muhammad Yunus:
In choosing to award both Yunus and his for-profit bank, the Nobel committee has also lent credence to the increasingly popular notion among development experts that democracy-and, indeed, peace itself-is best achieved by channeling simple, if enlightened, self-interest.
Yunus wholeheartedly agrees. “Charity is not an answer to poverty,” he writes of the company’s business model, which last year helped Grameen log $15 million in profits. “It only helps poverty to continue. It creates dependency and takes away individuals’ initiative to break through the wall of poverty. Unleashing of energy and creativity in each human being is the answer to poverty.”
