Nobel Peace Prize laureate Muhammad Yunus: 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...
Earning as much money as possible can be a means to an end, not an end in itself. One has to invest money in something meaningful -- and I would make a case for it being something that improves the quality of life for all people... Were there more socially minded companies, people would have more opportunities to shape their own lives. The markets would be more balanced than they are today...
Today's capitalism has degenerated into a casino. The financial markets are propelled by greed. Speculation has reached catastrophic proportions. These are all things that have to end...
In the US, the financial system has completely split off from the real economy. Castles were built in the sky, and suddenly people realized that these castles don't exist at all. That was the point at which the financial system collapsed... It has become clear that Adam Smith's "invisible hand," which supposedly solves all the market's problems, doesn't exist.
