Ep499 - Muhammad Yunus | A World of Three Zeros

Muhammad Yunus, a winner of the Nobel Peace Prize and bestselling author of "Banker to the Poor," visits to Google to talk about his book "A World of Three Zeroes." Muhammad Yunus is one of today's most vigorous social critics. Now he declares it's time to admit that the capitalist engine is broken, and that in its current form it inevitably leads to rampant inequality, massive unemployment, and environmental destruction. He advocates for 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. Originally published in November of 2017. Visit http://youtube.com/TalksAtGoogle/ to watch the video.