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Quote by Muhammad Yunus

Work

Banker To The Poor: Micro-Lending and the Battle Against World Poverty

This book delves into the world of micro-lending, a financial practice that provides small loans to individuals in developing countries. It examines how this approach has been used to combat poverty and improve the lives of the economically disadvantaged. more

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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“Most of Marx's predictions have failed to materialize, and his labor theory of value and other ideas have been proven wrong. Marx failed to recognize the incentive system built into the capitalist model - consumer choice and the profit motive of the entrepreneur. The irony is that capitalism, not socialism or Marxism, that has liberated the worker from the chains of poverty, monopoly, war, and oppression, and has better achieved Marx's vision of a millennium of hope, peace, abundance, leisure, and aesthetic expression for the 'full' human being.”