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Quote by Muhammad Yunus

“If the helplessness and isolation of labour, who have nothing to sell but their labour, can be totally removed by connecting labour with capital through a universal credit system, we'll then have other kinds of actors on the economic scene different from what the existing capitalist world would allow us to bring out.”

Quote by Muhammad Yunus

Author

Muhammad Yunus
Muhammad Yunus

Muhammad Yunus, born on June 28, 1940, is a renowned entrepreneur, economist, and philanthropist from Bangladesh. He is best known for founding Grameen Bank, which provides microloans to the poor to help them start businesses and improve their lives. For his work, Yunus was awarded the Nobel Peace Prize in 2006. more

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“The essence of capitalism is expressed in two of its basic features: a) profit maximization and b) market competition. In their abstract formulations none of them was supposed to have anything conspiratorial against the poor. But in real life they turn out to be the "killers" of the poor - by making rich the richer and poor the poorer.”