Yunus Draws Attention to Danger of Wealth Concentration to UK Audience
16 Nov, 2017  
Fig: Yunus Draws Attention to Danger of Wealth Concentration to UK Audience

Nobel Laureate Professor Muhammad Yunus was in the United Kingdom for four days for events organized around his new book "A World of Three Zeroes" which focusses on how we can create a world of zero poverty, zero unemployment and zero net carbon emissions.

The first stop of the tour was at the London School of Economics where he was invited by the Director Minouche Shafik to deliver a public lecture on the theme of three zeroes. He addressed an audience of 500 students and academics in the Old Theatre of the LSE, and challenged the youngsters to move away from conventional way of doing things as those created and perpetuated the huge global economic and environmental challenges that the world now faces. He talked about the vision of 'A World of Three Zeroes' and outlined the role that he believes the young have to play in achieving that world.

The talk was followed by a Q and A and a book signing session. Afterwards, the director of the school hosted a dinner for Profesor Yunus with a selected academics who are working the field of social and economic development. Professor Yunus has a long relationship with the LSE and received an honorary degree from the college in 2011.

Professor Yunus spoke at various book events  organized at the Royal Society of Arts, the Royal Automobile Club, and Conway Hall. He also had media appointments with Sky News live TV, BBC News Report, BBC World Service, Today on BBC Radio 4, and the Evening Standard.

He also delivered a talk at the Overseas Development Institute a development think tank in London on the topics of wealth concentration, the role of artificial intelligence in taking away people's employment and how a world of three zeroes can be achieved in the context of these.

The message that Professor Yunus gave through his talks is that the world with the rapidly growing wealth concentration - with 8 persons having more wealth than 4 billion poorest people on the planet - is not a sustainable one. He said that this is not an economic system rather it's a mockery of one.  He argues that  our current system focussed on creating employment is merely exacerbating the wealth concentration issue. He said that the only way to combat this and to ensure that wealth is spread more equitably is to create social business and support entrepreneurship at the grassroots, and gave examples of how this has been done by Grameen Bank and other social businesses in Bangladesh and in other countries with great and wide impact. His experience leads him to believe that a world of three zeroes- zero poverty, zero unemployment and zero net carbon emissions is possible within our lifetimes.

Professor Yunus' visit to the UK ended with a talk at Cambridge University organized by the Cambridge Society for Social and Economic Development which was attended at full capacity by 500 cross disciplinary students at the Lady Mitchell Hall the largest auditorium at the university.  He was accompanied in the UK by Lamiya Morshed, Executive Director of the Yunus Centre. Later, Professor Yunus attended a formal  dinner hosted by  the Lady Michell Hall attended by the fellows of the college.


Nobel Laureate Professor Muhammad Yunus addressing 500 students of Cambridge University at Lady Mitchell Hall on his microcredit and social business journey over 40 years.



Nobel Laureate Professor Muhammad Yunus addressing 500 students of Cambridge University at Lady Mitchell Hall on his microcredit and social business journey over 40 years.


Nobel Laureate Professor Yunus delivering a public lecture to a packed audience of 500 students and academics  at the Old Theatre of the London School of Economics (LSE) on Saturday evening.


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