Showing results for "Profit" in Poverty & Homelessness

Muhammad Yunus, the practical visionary who pioneered microcredit and won the 2006 Nobel Peace Prize for his world-changing efforts, here develops his revolutionary new concept that promises to redeem the failed promise of free enterprise: social business.

Poverty is big business in America. The federal government spends about $900 billion a year on programs that directly or disproportionately impact poor Americans, including antipoverty programs. States and local governments spend tens of billions more. Ironically, these enormous sums fuel the "corporate poverty complex," a vast web of hidden industries and entrenched private-sector interests that profit from the bureaucracies regulating the lives of the poor.

While free markets have brought positive change, traditional capitalism cannot solve problems of inequality and poverty because of its view of people as solely profit-driven. In fact, humans have other drives and passions, including spiritual, social, and altruistic.