Nobel laureate says global crisis a chance to change
by William Ickes WOLFSBURG, Germany (AFP) –
Nobel Peace Laureate Muhammad Yunus calls the global economic crisis “an excellent opportunity to reflect and redesign” businesses, and devote creative ones to solving social problems.
Yunus, who with his Grameen Bank — which gives tiny loans to the very poor to help start businesses — won the 2006 Peace Prize, told media here on Saturday: “Any problem has a potential of being addressed with a social business.”
“Social business being a business where you don’t make money,” he explained. “Zero profit for the investors.”
The ground-breaking “microcredit” banker from Bangladesh is backed by corporations like food giant Danone, global water group Veolia, sportswear company Adidas, software pioneer SAP and academics at Kyushu University in Japan.
The first Global Grameen Meeting of companies, foundations, think-tanks, scientifi…
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