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Bangladesh Banker Wins Nobel Peace Prize
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Rob - 05:10am on 10/13/2006

And I actually think they made a pretty good decision this time.

As Barton Hinkle explains:

Yunus should be a hero to every political persuasion. He has helped countless poor people make better lives for themselves, and he has done so through non-violent, non-confiscatory means. He doesn’t take from the rich; he enables people to make themselves rich (or, at least, comparatively so). Perhaps most important, his microcredit endeavors underscore the crucial lesson that economics is not a zero-sum game; asking about the causes of poverty is to misunderstand everything important about it. Poverty isn’t caused; it exists ab initio, without volition on anyone’s part. The proper question is, “What are the causes of wealth?” Yunus’ answer: A few seeds and a lot of sweat.

Indeed.

It sounds like we need a few more people like Muhammad Yunus in the world.


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