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Nobel Laureate Yunus: 'Capitalism Has Degenerated into a Casino'

Quicklink Submitted By Margaret Bassett 4 comments

Margaret Bassett

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Interview - quotes:
There are huge holes in the current financial system that need to be plugged.
Capitalism, with all its market mechanisms, has to survive -- there is no question. What I excoriate is that today there is only one incentive for doing business, and that is the maximization of profits. But the incentive of doing social good must be included.

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Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.

Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.

Related Topic(s): Business; Capitalism; Congress Oversight Failures; Deregulation-Regulation; Nobel Prize, Add Tags

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