Entries in Christian Sarkar (2)
The Nobel Prize winner Muhammad Yunus tells us in his book Creating a World Without Poverty: Social Business and the Future of Capitalism:
What is wrong? In a world where the ideology of free enterprise has no real challenger, why have free markets failed so many people? As some nations march toward ever greater prosperity, why has so much of the world been left behind?
The reason is simple. Unfettered markets in their current form are not meant to solve social problems and instead may actually exacerbate poverty, disease, pollution, corruption, crime, and inequality.
Years ago, when I was a kid just out of college at my first job, I had an interesting chat with the legal counsel for the world’s largest engineering and construction company. We were talking about ethics and business. All of this was before Enron and WorldCom, before Michael Moore’s Sicko or the BP oil spill.