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Creating a World Without Poverty: Social…

Creating a World Without Poverty: Social Business and the Future of… (original 2007; edition 2009)

by Muhammad Yunus

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471534,940 (3.86)5
The winner of the Nobel Peace Prize outlines his vision for a new business model that combines the power of free markets with the quest for a more humane world--and he tells the inspiring stories of companies that are doing this work today. In the last two decades, free markets have swept the globe, bringing with them enormous potential for positive change. But traditional capitalism cannot solve problems like inequality and poverty, because it is hampered by a narrow view of human nature in which people are one-dimensional beings concerned only with profit. In fact, human beings have many other drives and passions, including the spiritual, the social, and the altruistic. Welcome to the world of social business, where the creative vision of the entrepreneur is applied to today's most serious problems: feeding the poor, housing the homeless, healing the sick, and protecting the planet.--From publisher description.… (more)
Title:Creating a World Without Poverty: Social Business and the Future of Capitalism
Authors:Muhammad Yunus
Info:PublicAffairs (2009), Edition: Reprint, Paperback, 320 pages
Collections:Your library

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Creating a World Without Poverty: Social Business and the Future of Capitalism by Muhammad Yunus (2007)



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Some good general discussions of ending poverty. But I think his new business model does not work

He devised it as a way of avoiding some of the negatives of capitalism and endless growth. But it does not cover the risk of loss in the startup phase. Only big corporations can use the model. It furthers concentration and uncontrolled growth. It will tend to become a scam by which the powerful greenwash their power. ( )
  johnclaydon | Jan 4, 2015 |
Very inspiring book. It helps us maintain a perspective about what's really important. This is a must read book for sure. ( )
  Andi182 | Sep 12, 2011 |
Title: Creating A World Without Poverty
Author: Muhammad Yunus
Publisher: PublicAffairs (2008)

This is the second book by Muhammad Yunus that I have reviewed for Letters on Pages. I reviewed his first book, Banker to the Poor, which was basically a biography of Grameen Bank. Yunus founded the Grameen Bank, which provides microcredit to the poor people of Bengladesh and the rest of the world. But you should remember that anyway, seeing how I just wrote that review pretty recently!

Yunus' second book, Creating a World Without Poverty: Social Business and the Future of Capitalism, is a thesis statement on social business. Yunus believes social businesses will be the wave of the future of capitalism. The key tenets of social business is that it is a "no-risk, no-return" investment. There is no risk or return because the investors of the business get all of their initial investment back, with money that the social business made in "profit". Eventually the business becomes self sustaining...relieving the need for investors.

Yunus certainly recognizes that these businesses will need investors who are more interested in helping underprivildged people than making a huge ROI. Of course, the basic idea of capitalism is that the company is run with one goal: maximize shareholder return. So I guess social business is capitalism-lite.

The book was pretty interesting and had a lot of cool ideas. I am sure they will take eventually, especially as people are becoming more conscious of social issues and stuff like that. Especially as they relate to business. There were some pretty slow parts of the book though...and Yunus gets a little preachy at times. But I suppose he has earned that right considering all he has done.

I like the idea of social businesses as much as charities. I think a social business could probably provide more service than a charity because they can become self sufficient. Neat stuff.

Rating: 3.5 out of 5
This review, and others, can be found at www.lettersonpages.com
  lettersonpages | Jul 21, 2008 |
  incap | Aug 28, 2007 |
Showing 5 of 5
Yunus is back in the public eye with a concept he calls social business. This form of capitalism, he believes, can make progress against poverty in ways that governments and traditional charities have not done. He lays out the concept in his new book, Creating a World Without Poverty: Social Business and the Future of Capitalism. It's an inspiring volume, full of practical information for people who are motivated to try out his ideas.
added by mikeg2 | editBusinessWeek (Feb 28, 2008)

» Add other authors (8 possible)

Author nameRoleType of authorWork?Status
Muhammad Yunusprimary authorall editionscalculated
Azócar, PabloTranslatorsecondary authorsome editionsconfirmed
Jolis, AlanContributorsecondary authorsome editionsconfirmed
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