Capitalism has been interpreted as an exclusively profit-centric human engagement. Some have been saying to bring people and planet into the picture. This can be a good change, but it is still not fully operationalized. Are you putting people, planet and profit at the same level?
Interpretation
This quote critiques capitalism for focusing solely on profit while emphasizing the importance of people and the planet.
Muhammad Yunus highlights the limitations of traditional capitalism, which often prioritizes profit over social and environmental considerations. He advocates for a more holistic approach that balances the needs of people, the planet, and profit, suggesting that true change in economic structures requires operationalizing these values equally.
In practice
During a business seminar focused on sustainability, this quote can encourage discussions about ethical capitalism.
Civilization has given us enormous successes: going to the moon, technology. But then this is the civilisation that took us to debt, environmental crisis, every single crisis. We need a civilization where we say goodbye to these things.
What I did not know yet about hunger, but would find out over the next twenty-one years, was that brilliant theorists of economics do not find it worthwhile to spend time discussing issues of poverty and hunger. They believe that these will be resolved when general economic prosperity increases. These economists spend all their talents detailing the process of development and prosperity, but rarely reflect on the origin and development of poverty and hunger. A a result, poverty continues.
People.. were poor not because they were stupid or lazy. They worked all day long, doing complex physical tasks. They were poor because the financial institution in the country did not help them widen their economic base.
Some people think that poor people are lazy. Actually, it takes a lot of work to survive when you are dirt-poor.
Once poverty is gone, we'll need to build museums to display its horrors to future generations. They'll wonder why poverty continued so long in human society - how a few people could live in luxury while billions dwelt in misery, deprivation and despair.
By simply capitalizing on core strengths and knowledge, companies and entrepreneurs can engage in an emerging business model that will enable them to create - and demonstrate - real, sustainable social impact in society.
For you deal here above all with human life, and human life is sacred; no one may dare make an attempt upon it. Respect for life, even with regard to the great problem of the birth rate, must find here in your Assembly its highest affirmation and its most rational defense. Your task is to ensure that there is enough bread on the tables of mankind, and not to encourage an artificial control of births, which would be irrational, in order to diminish the number of guests at the banquet of life.
Corporations have neither bodies to kick, nor souls to damn.
What if someone gave a war & Nobody came? / Life would ring the bells of Ecstasy and Forever be Itself again.
For in spite of itself any movement that thinks and acts in terms of an ‘ism becomes so involved in reaction against other ‘isms that it is unwittingly controlled by them. For it then forms its principles by reaction against them instead of by a comprehensive, constructive survey of actual needs, problems, and possibilities.
There is a much more exact correspondence between the natural and moral world than we are apt to take notice of.
We still have to learn how to live peacefully, not only with our fellow men but also with nature and, above all, with those Higher Powers which have made nature and have made us; for, assuredly, we have not come about by accident and certainly have not made ourselves
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