Nowadays, one of the few good channels on TV is the Lok Sabha TV. I get only a few channels on my cable TV. Today, I am still at home thanks to our politicians and found this talk on Lok Sabha TV.
" I found it really difficult to teach elegant economic theories when people were in such distress" Prof Md Yunus on Lok sabha TV on how he started the Grameen bank. It has 8 million borrowers and 97% are women. The members of the Grameen bank have savings of half a billion US$. 100,000 beggars have taken loans to become door to door salesmen.
They have a Grameen bank in New York!
"Poverty is a creation of institutions we have built."
The belief was that banks could not lend money to poor since it was unsustainable. But Grameen bank has proved it wrong...it's only micro credit institutions that have thrived in this financial crisis.
"Poor people are bonsai people...nothing wrong with them, only society curbed their growth."
The main flaw in capitalist theory is a distorted view of human beings. Humans are not unidimensional...they have selfish interests and go for profit maximisation; but human beings can also have other needs and sefless acts also fulfil some such needs.
Now that is a lecture worth listening to. Even a telecast of such lectures would be better than our home-grown (college-grown) FDPs
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