[lbo-talk] Announcing Muhammad Yunus' Candidacy to Head theWorld Bank

tfast tfast at yorku.ca
Sat Jun 2 07:47:52 PDT 2007


He is not a real a economist, only fitting that he won a real Nobel.


> "Here is a brief resume of Yunus' qualifications for this position:
>
> * He is an economist.
> * He won the Nobel Peace prize in 2006 in conjunction with the
> Grameen Bank, for efforts to extend credit to the poor.
> * He is not an American."
>
> http://www.dailykos.com/story/2007/6/1/123630/4493
>
>
> > From: Patrick Bond <pbond at mail.ngo.za>
> > To: PEN-L list <PEN-L at SUS.CSUCHICO.EDU>, lbo-talk at lbo-talk.org
> > Date: Sat, 02 Jun 2007 08:35:36 +0900
> > Subject: [lbo-talk] Announcing Muhammad Yunus' Candidacy to Head the
World Bank
> > Robert Naiman wrote:
> > > Announcing Muhammad Yunus' Candidacy to Head the World Bank Hotlist
> > > by Robert Naiman Fri Jun 01, 2007 at 09:43:04 AM PDT
> > > http://www.dailykos.com/story/2007/6/1/123630/4493 (with poll)
> >
> > No thanks, comrade Robert...
> >
> >
> > International Journal of Health Services
> >
<http://baywood.metapress.com/app/home/journal.asp?referrer=searchresults&id =300313&backto=searcharticlesresults,11,53;>
> >
> > Issue: Volume 37, Number 2 / 2007
> >
<http://baywood.metapress.com/app/home/issue.asp?referrer=searchresults&id=Q 27L32T00T58&backto=searcharticlesresults,11,53;>
> >
> > Pages: 229 - 249
> > *URL:* Linking Options
> >
<http://baywood.metapress.com/app/home/linking.asp?referrer=linking&target=c ontribution&id=9160Q66727253412&backto=contribution,1,1;searcharticlesresult s,11,53;>
> >
> >
> > *Microcredit Evangelism, Health, and Social Policy*
> >
> > *Abstract:*
> >
> > The awarding of the 2006 Nobel Peace Prize to Muhammad Yunus, founder of
> > the Grameen Bank, provides an opportunity to consider the use and abuse
> > of microfinancing, especially because credit continues to be touted as a
> > poverty-reduction strategy associated with health education and health
> > care financing strategies. Not only is the Grameen diagnosis of poverty
> > dubious, but many structural problems also plague the model, ranging
> > from financial accounting to market failures. In Southern Africa, to
> > illustrate, microcredit schemes for peasants and small farmers have been
> > attempted for more than 70 years, on the basis that modern capitalism
> > and peasant/informal system gaps can be bridged by an expanded financial
> > system. The results have been disappointing. A critical reading of
> > political economy posits an organic linkage between the "developed" and
> > "underdeveloped" economies that is typically not mitigated by capitalist
> > financial markets, but instead is often exacerbated. When applied to
> > health and social policy, microcredit evangelism becomes especially
> > dangerous.
> >
> >
> > (full is available offlist from pbond at mail.ngo.za)
> ___________________________________
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