Muhammad Yunus, who created microcredit, invented social business, and earned a Nobel Peace Prize for his work in alleviating poverty, is one of today's most trenchant social critics. Now he declares it's time to admit that the capitalist engine is broken that in its current form it inevitably leads to rampant inequality, massive unemployment, and environmental destruction. We need a new economic system that unleashes altruism as a creative force just as powerful as self-interest.
Is this a pipe dream? Not at all. In the last decade, thousands of people and organizations have already embraced Yunus's vision of a new form of capitalism, launching innovative social businesses designed to serve human needs rather than accumulate wealth. They are bringing solar energy to millions of homes in Bangladesh; turning thousands of unemployed young people into entrepreneurs through equity investments; financing female-owned businesses in cities across the United States; bringing mobility, shelter, and other services to the rural poor in France; and creating a global support network to help young entrepreneurs launch their start-ups.
In A World of Three Zeros, Yunus describes the new civilization emerging from the economic experiments his work has helped to inspire. He explains how global companies like McCain, Renault, Essilor, and Danone got involved with this new economic model through their own social action groups, describes the ingenious new financial tools now funding social businesses, and sketches the legal and regulatory changes needed to jumpstart the next wave of socially driven innovations. And he invites young people, business and political leaders, and ordinary citizens to join the movement and help create the better world we all dream of.
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Table of Contents
Part 1 The Challenge
1 The Failures of Capitalism 3
2 Creating a New Civilization: The Counter economics of Social Business 17
Part 2 The Three Zeros
3 Zero Poverty: Bringing an End to Income Inequality 35
4 Zero UN employment: We Are Not Job Seekers, We Are Job Creators 67
5 Zero Net Carbon: Creating an Economics of Sustainability 95
6 A Road Map to a Better Future 118
Part 3 Megapowers for Transforming the World
7 Youth: Energizing and Empowering the Young People of the World 146
8 Technology: Unleashing the Power of Technology to Liberate All People 173
9 Good Governance and Human Rights: Keys to Building a Society That Works for All 199
Part 4 Stepping Stones to the Future
10 The Legal and Financial Infrastructure We Need 229
11 Redesigning the World of Tomorrow 259