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Monday, November 06, 2006

Quote of the day

Dr. Muhammad Yunus is the developer and founder of the concept of microcredit. He's a Bangladeshi banker and an economist who founded Grameen Bank.
Grameen Bank and Dr. Yunus were jointly awarded the Nobel Peace Prize this year (2006) for advancing economic and social opportunities for the poor, especially women, through their pioneering microcredit work.

On winning this prize in an interview he said "One day our grandchildren will go to museums to see what poverty was like and ask how we could have allowed such a terrible thing to go on for so long."

I was moved by reading this. Hope he achieves this goal. The world would be a much better place.

There was a lot of debate when he won the Nobel prize for Peace and not the Nobel prize in economics, but I feel the Peace prize is apt because by solving poverty he's fighting on two fronts. Not only is he solving the BIG economic problem but once this people who get economic freedom are less likely to get involved in terrorist activity, or other disturbances. They've something to look forward to in life, will work doubly hard to remain clean and will motivate their children and others in their society for a purposeful life.

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