
I have just finished reading, Creating a World Without Poverty by Muhammad Yunus, and I believe it holds immense importance and relevance for the future of our world. Although one might think this book was created only for social entrepreneurs or people involved in the nonprofit sector or business professionals, it really is a book for everyone because we all have a stake in creating the world that we live in.
The value of reading this book is not just in the inspiration it provides, but really found in how it inspires. It doesn’t inspire with mere fanciful stories and riveting diatribes. It inspires with innovative ideas that have garnered immediate success and a relentless desire to end global poverty through creative solutions and the practical implementation of proven business principles. The ideas and examples shared in this book offer an opportunity to create a better world by tapping into the unlimited potential of all people around the world. The very first page of the first chapter had me captivated. Quickly, I had to stop what I was reading and begin writing about the book—a book that I had read a total of eight pages.
Here are a couple of powerful excerpts from the first page of the first chapter:
• Global income distribution tells the story: 94% of the world income goes to 40% of the people, while the other 60% must live on only 6% of the world income.
• Half of the world lives on two dollars a day or less, while almost a billion people live on less than one dollar a day.
The crux of the book is on creating new for profit business entities, that Muhammad Yunus calls social business, within a free market system and under the principles of capitalism. He thoroughly explains the idea of a social business in the first section of the book.
“Thus, a social business is designed and operated as a business enterprise, with products, services, customers, markets, expenses, and revenues—but with the profit-maximization principle replaced by the social-benefit principle. Rather than seeking to amass the highest possible level of financial profit to be enjoyed by the investors, the social business seeks to achieve a social objective.”
“Profitability is important to a social business. Wherever possible, without compromising the social objective, social businesses should make profits for two reasons: First, to pay back its investors; and second, to support the pursuit of long-term social goals.”
The middle section of the book provides a study of the principles put forth in the beginning chapters with reference to its implementation in Bangladesh (Yunus’ home country) and creating a prosperous future for his country’s poorest people. He offers specific ideas on various projects from implementing free trade among neighboring countries to creating a mega-port to stimulate trade and commerce in the area. There are chapters dedicated to the first multi-national social business, the Grameen Danone joint venture that provides a nutritious fortified yogurt with the poor as their target market.
The final chapters focus on ideas in eradicating global poverty and increasing the quality of life for all who are living in substandard conditions. He offers insight in utilizing information technology and the importance of sustainability, decreasing green house gases, and limiting the pillaging of natural resources. He calls for the wealthiest and most powerful nations to set a global standard for prosperity that doesn’t decimate our environment or leave the vast majority without a decent quality of living.
Ultimately, it is up to us that have read this book to take it’s teachings and resources out into the real world. This book is merely a spring board, a powerful one; however, if the words and wisdom found in this book do not create action, it will become a book of only fiction.
“We tend to be so busy with our everyday work and enjoying our lives to find out where we are right now in our journey, and take time off to reflect where we wish to go ultimately. Once we know where we want to go, getting there will be so much easier. Each of us should draw up a wish list of our own—to reflect on what kind of world we would like to see when we retire. Once it is done, we should hang it on our walls to remind us daily whether we are getting closer to the destination. Then we should insist that the drivers of our societies—the political leaders, academic experts, religious teaches, and corporate executives—take us where we want to go.”
This book is not merely a resource book. It is a story of the current world that offers us an opportunity to write the future chapters. We can start by writing a wish list of our dream world as Yunus does in the last chapter of his book.
For more information, I recommend the following:
• Reading his Nobel Prize Lecture
• Visiting the Yunus Centre website at www.muhammadyunus.org to become further involved with his works and the social business movement.
• Visiting www.grameenamerica.com for information on how the principles are being implemented in the United States.