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capitalism is a half done system...  it excludes half the people of the world... (our hope for sustainability is) young people: they are very quick to adapt if we can build with them


Capitalism has become a half-developed structure –p14 -extracted from : creating a world without poverty: social business, and the future of capitalism, Muhammad Yunus

 

Capitalism takes a narrow view of human nature, assuming that people are one-dimensional beings concerned only with the pursuit of maximum profit.  Today’s concept of the free market is based on one-dimensional human being. It postulates that you are contributing to the society and the world in the best possible manner if you just concentrate on getting te most for yourself. When believers in this theory see gloomy news on television, they should begin to wonder whether pursuit of profit is a cure-all but they usually dismiss their doubts, blaming all the bad things in the world on “market failures”. They have trained their minds to believe that well-functioning markets simply cannot produce unpleasant results.

 

I believe there is a much deeper problem. Today’s free-market theory suffers from a “conceptualisation failure”, a failure to capture the essence of what it is to be human. Conventional business theory has created a one-dimensional human being to play the role of business leader. We’ve insulated him from the rest of life: the religious, emotional, political and social. He is dedicated to one mission only – maximise profit. He is supported by other one-dimensional human beings who give him their money to achieve that mission. To quote Oscar Wilde, they know the price of everything and the value of nothing.

 

Our economic theory has created a one-dimensional world peopled by those who devote themselves to the game whose victory is measured only by profit. And since we are persuaded by the theory that pursuit of profit is best way to bring happiness to humankind, we imitate the theory striving to transform ourselves into one-dimensional human beings. Today’s world is so mesmerised by the success of capitalism that it does not dare doubt the system’s underlying theory.

 

Yet the reality is very different from the theory. People are not one dimensional entities: they are excitingly multidimensional. Their emotions, beliefs, priorities and behaviour patterns can best be compared with the millions of shades we can produce from the three primary colours. Even the most famous capitalists have a wide range of interests and drives which is why tycoons like Carnegie or Bill Gates ultimately turn away from the game of profit to focus on higher objectives.

 

The presence of our multi-dimensional personalities means that not every business should be bound to serve the single objective of profit maximisation. This is where the new concept of social business comes in.

Chris revised the urgently celebrating sustainability investment with Dr Yunus wiki page.

SOCIAL Action*Business*Capitalism Overall projects for Creating World Without Poverty Cataloguing First 100 Youtubes for shar...

Register Future of Capitalism Events - info@worldcitizen.tv

Events

jan10, 11 london 400+ world entrepreneurs http://wes08.net - each will get Yunus book

dec19 Global Table at Friends House, Euston Rd. on Wednesday 11-1: -debating  understanding that Grameen (or the national bank) could start the credit process is the key to a major global paradigm shift.

the possibilty is to make a peer to peer open source course out of social ABC triangle:
registering social actions in your community or city, then starting to swap them with other communiteis or cities

ditto registering social businesses

both of these have been exquisitilitey defined as relations systems that maximise the human being potential and gravity of puprose as opposite systems than money grabbing or sitting addicted to the latest spectator sport or lurking through the unpopular parts of change; once they flow and get exchanged across cities, they start to change capitalism from global top-down to community up

you can download some extracts of the new book at http://www.valuetrue.com/home/gallery.cfm

you can see a few emerging cases at http://grameen.tv including how branson seems to be giving this a fast track corporate boost with the community base of Taddy Blecher's free University and Branson's School of Entrepreneurship

to get more involved we are networking around 1000 copies of the book I have sponsored- first with a 400 person meet jan 10 http://wes08.net ; then mainly with 5 peer book clubs; if you want to start such a club and are passing through london during the first few months of 08 tell us so we can arrange a pick up point; we also have a moanly london template of events thru 2008 http://worldentrepreneur.net - we'd love to cataliogue other city's //programs for celebrating humanity

  

Capitalism's future will be evolving in a way that starts lowering the risk of human extinction when Yunus brand family is valued as greatest in the world both socially and financially. For this to happen the world's greatest mathematical mistake - valuation of sustainability invetsment needs correcting and awareness of Yunus citizen collaborations needs to be as high as rather trivial brands like soda or who is the next world champion at your favourite sport or in singing pop.

Systemise local-to-global networks around early detect early response auditing - Larry Brilliant Mission

 

ethics:

transparency international

social action celebrated in every city

correct valuation mistakes of sustainability investment - eg the Ray Anderson Mission
wishes connected to be communally true around those with most courageous innovation pursuits -eg ted.comYunus brand architecture world's most value multipying

networks

microcreditsummit

skoll/ashoka

justmeans

BRAC perfect Bangladeshi partner of  Yunus Brand Architecture where public service is needed to support contexts that social business canot model - eg saving lives of world's poorest infantssocial business stockmarkets in every city, and worldwide searches for best benchmark in every sector- eg eyecare

Raise worldwide citizen popularity of Yunus' celebration of humanity:

TheGreenChildren Mission

Yunus1000 Forum Intercity Goal

 

 

 

 

Gandhi's life changing moment came when he found his profession (law) worse than useless -in fact at war - with his rcae in the apartheid system that legislated its way into South Africa at the start of the 2oth Century. Professor Yunus found that the textbooks in his profession - economics - were absolutely useless as a million people starved in a Bangladeshi famine of the 1970s. The Economist was founded to change market rules that had been lobbied into parliamentary codes - eg Repealing the Corn laws.

What is The State of The Professional Wolrd in C21? Which professions could serve humanity 10 time better?

Professions and professional people enjoy unique privileges and monopolies in society. So we cold hope that 21st C professions would be leading the way towards long-term sustainability of humanity and the true and fair integration of every locality into a global world. The evidence is largely to the contrary. Most have failed to revisit what has changed since the historic certainties their rules were founded in. For example accountants still follow industrial age rules that book all machines in as investments and all spending o people (including training, experiential knowledge development etc) as costs to cut. In many sectors the global race seems to have be concerned solely with maximing their separate business cases in ways that have rewarded speculators and the big get bigger. They have destroyed communal trust and integration from local diversity up just when peoples everywhere -and nature - needed this most. For example, which professions are helping t make the business cases for sustainability that Corporate Chairman Ray Anderson begs big business world to come and join him in innovating.
 

Ray Anderson references:

quotes:"Every living system - every life support system - er together make up the biosphere. They are all in decline and it is the externalisation of costs that's allowing that to happen: the trashing of the biosphere."

The good news and the bad news is that transparent  transformation of professions could bring sustainability back within our grasp - but being 24 years late in starting to change eg economics is not a truly hopeful signal

 

More Appreciations

From West Coast USA: TEDtalks-

Grameen Bank founder wins Nobel Prize (watch related TEDTalk)

Our warmest congratulations go out to Grameen Bank and its founder Muhammed Yunus, honored today with the Nobel Peace Prize. "Lasting peace cannot be achieved unless large population groups find ways in which to break out of poverty," wrote Nobel Committee director Ole Danbolt Mjoes, recognizing the importance of micro-finance pioneer Grameen Bank. "Microcredit is one such means."

Grameen Bank has been top of mind here, as this week's TEDTalks focused on new approaches to fighting poverty, and featured Iqbal Quadir, who co-founded Grameen Bank spin-off Grameen Phone. Grameen Bank was a pioneer in micro-finance, and has transformed the lives of millions in Bangladesh, through small loans, provided without any collaterol or security, mainly to illiterate women, to support small business ventures. The model has been widely (and successful) implemented in other communities worldwide. And Grameen Phone later applied a similar model to mobile phone services.

Watch Iqbal Quadir on TEDTalks.

NAMELY that his world citizen supporters clubs NOW explore what other global market sectors could be made more sustain able by a humanly purposeful benchmark. Here are some rough notes as we work through the game rules for bringing this to pass:

1 Where's the greenest retailer debate?

Where does one bookmark to see how  leaders of Marks & Spencer define sustainability? There's the same question about Wal-Mart which now claims its demanding its supply chain get green but when you actually approach their executives about their own goals, the silence is deafening... in parallel, we had a very peculiar wal-mart representative at be the change 2006 in london who claimed to be interested in the greenest warehouses ever built but wasn't the slightest when ordinary people tried to speak to him; basically I dont yet wholly believe in any of these CEOs, otherwise they would have joined Ray Anderson in USA and Sir John Banham UK and other true sustainability investment modellers long ago

 before the day after tomorrow:  there is a gigantic game of snap to be played, which is integral to the Yunus idea of emerging a social business entreprise stockmarket

 Between

A) sustainability network leaders the ones we can map at http://up200.tv or equivalent travel guide sites

 B) and all the execs who go to clintong global or be the change and presumably are candidates for what their global sectors will compound up or down; these people need to be identified and then put in a league table of whether they actually walk their talk; its the biggest world citizen game ever....

  IT people need to work out how this game's discussions can be converged and edited into one transparent space; perhaps all those supporters of ecology could do this if they called this the ecology game or sustainability game or the game of mirror mirror whose the greenest collaborator of us all; perhaps we first need to understand who are the 10 greenest people in the world everyone can trust and then get them to sit down and unitil they have workled out how to make this fantasy snap with green league game a reality everyone and every public media joins in playing

 From debates I have watched, browsed etc I suggest the emerging league table footnoted which we may as well parade at http://crisisclimate.tv until someone does better

Passports to Sustainability:  persumably if London is hosting 24 days of virtual chats on green reaching a million people, this voting game on 10 people most worth trusting earth's green future to is something that could be held as a quiz if we could simplify the question

http://crisisclimate.tv Vote for 10 Greenest Collaboration Entrepreneurs for the Planet (High is best) - you can vote in new entrants or ask for a score to be upped or downed

The Grameen Bank

The Grameen Bank has played a vital role in helping to achieve the goal of reaching 100 million of the world's poorest people with microcredit by 2005. Indeed, as of May 2006, the Grameen Bank reached more than 6.61 million borrowers, 97 percent of whom are women. When the borrower’s family members are included, more than 33 million people in Bangladesh have been impacted by the Grameen Bank. With 2,226 branches, they provide services in 71,371 villages throughout Bangladesh.

Please mail info@grameen.tv if you know of a network which been a key collaborator with Yunus. Examples:

1 RESULTS, Muhammad Yunus and Microcredit

Founded in 1980, RESULTS is a U.S.-based grassroots advocacy organization, with affiliates in six other countries, focused on ending poverty. RESULTS was an early supporter of microcredit — working with the media and Congress to build awareness and expand funding for this remarkable tool. RESULTS has been honored to have Muhammad Yunus on its board for the past 18 years. In 1997 Sam Daley-Harris, founder of RESULTS,established the Microcredit Summit Campaign and together with key allies launched the Summit goal of reaching 100 million of the world’s poorest families, especially the women of those families with credit by the year 2005.Cover Image publication Nov 2006; by Sam Daley-Harris, Anna Awimbo (Editor)Overview of Contents
1 - Achieving the Microcredit Summit and Millennium Development Goals of Reducing Extreme Poverty: What is the Cutting Edge on Cost-Effectively Measuring Movement across the $1/Day Threshold?
2 - Factors That Contribute To Exponential Growth: Case Studies For Massive Outreach To The Poor And Poorest
3 - Commercialization: Overcoming The Obstacles To Accessing Commercial Funds While Maintaining A Commitment To Reaching the Poorest
4 - Building Country-Level Financial Systems that Work for the Majority.

RESULTS introduced Professor Yunus and the issue of microcredit for the very poor to the U.S. Congress, and helped bring success stories about the Grameen Bank and other microcredit programs to the attention of policymakers. As leaders like Professor Yunus and RESULTS activists together educated representatives and senators about this cost-effective, sustainable approach to helping people lift themselves out of poverty, they found a receptive audience among both Democrats and Republicans. By the late 1980s, microcredit programs were receiving funding through U.S. foreign assistance. That funding has steadily risen, and is now $225 million annually. Because of the continued work of RESULTS citizen activists and congressional champions, a 2004 U.S. law now requires that at least 50 percent of U.S. microcredit funding be directed to the very poor — those struggling to survive on one dollar a day or less. Our foreign aid agency, the U.S. Agency for International Development (USAID) was supposed to have certified poverty measurement tools by October 1, 2006, to make this possible. But USAID has not yet delivered on this important congressional mandate.

Launch of 2006 Summit Report and Global Microcredit Summit

On November 1 at 11 am ET, 2006 Nobel Peace Prize winner and long-time RESULTS/RESULTS Educational Fund board member Muhammad Yunus will join Sam Daley-Harris to launch the 2006 State of the Microcredit Summit Campaign report with the very latest data on progress made towards achieving the 2005 goal of reaching 100 million of the poorest people with microcredit.

 

 


Amayrta Sen - The Microfinace movement is bringing hope, prosperity and progress to many of the poorset people in the world... Busines Week Q&A (year 2000):You're working to establish a Center for Information Technology to Eliminate Global Poverty?
A:
Yes, I've proposed setting up this center. I've talked with technology people, interested people. I've met Jim Wolfensohn at the World Bank. I've talked to President Clinton about this when he was in Bangladesh [in March]. He took tremendous interest in it. He said this is an idea whose time has come. He had a meeting in the White House right after he came back from Bangladesh. He invited Bill Gates, Alan Greenspan, Amartya Sen, Jim Wolfensohn. ...advisory board to the alleviation poverty track of the 2006 ClintonGlobalInitiative: Chair: Gayle Smith,Senior Fellow,Center for American Progress; Avisory Board :Ajay Banga, Chairman and CEO, Global Consumer Group - International,Citigroup, Inc.;The Honorable Mary Bush,Chair, HELP Commission; Ian Davis,World Wide Managing Director,McKinsey & Company; Charlayne Hunter-Gault, Journalist and Author;Dr. Donald Kaberuka,President, African Development Bank Group;Dr. Kumi Naidoo,Secretary General and CEO CIVICUS: World Alliance for Citizen Participation;Professor Andrew Natsios,Distinguished Professor in the Practice of Diplomacy and Advisor on International Development
Edmund A. Walsh School of Foreign Service, Georgetown University;
Jacqueline Novogratz,Chief Executive Officer Acumen Fund, Incorporated;Raymond Offenheiser,President,Oxfam America; Maria Otero,President and CEO ACCION International; Alan Patricof, PCo-Founder, Apax Partners; Dr. Judith Rodin President, The Rockefeller Foundation; Muhammad Yunus,Founder & Managing Director Grameen Bank

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Call to Action on the Millennium Development Goals 25 January 2008  
Introduced by
  • Klaus Schwab, Founder and Executive Chairman, World Economic Forum
Speakers
  • Ban Ki-moon, Secretary-General, United Nations, New York
  • Umaru Musa Yar'Adua President of Nigeria
  • Gordon Brown, Prime Minister of the United Kingdom
  • H.M. Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan, Member of the Foundation Board of the World Economic Forum
  • William H. Gates III, Chairman, Microsoft Corporation, USA
  • Bono, Musician, DATA (DEBT, AIDS, TRADE, AFRICA), United Kingdom
  • John T. Chambers, Chairman and Chief Executive Officer, Cisco, USA

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