'People will forgive you for being wrong, but they will never forgive you for being right - especially if events prove you right while proving them wrong.' Thomas Sowell
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Showing posts with label dream. Show all posts
Showing posts with label dream. Show all posts
Sunday, 6 March 2022
Monday, 9 August 2021
On Ambition: Necessary but Corrosive?
Lucy Kellaway in The FT
Not long ago I had lunch with a friend who told me that his father, who had been a moderately well-known politician, had just died.
How sad, I said.
What was sad, he replied, was less his death than his life. From a young man he had set his heart on being in the cabinet but never made it beyond junior minister — and never got over it. For the past three decades of his life, he had been bitter, envious, bad company to others and a liability to himself. What had killed him in the end, his son told me, was not the organ failure reported on his death certificate, but thwarted ambition.
A few days later I was doing a podcast with Dame Jenni Murray, the veteran broadcaster. We were discussing our careers post separation from our life-long employers, the BBC for her and the Financial Times for me.
She said she was loving her new freelance existence and felt more carefree than she ever had. The reason: she had not one shred of ambition left. Freed from the monkey on her shoulder driving her on to succeed, she could enjoy the work she did for its own sake.
I said that on the contrary I was entering my seventh decade more ambitious than I had ever been. I was starting a new school in September, would be teaching A-level economics for the first time, and was hell bent on doing well.
These two conversations have got me thinking about both the corrosiveness and the necessity of ambition and wondering how much of it we need, how to turn it off when it’s no longer useful — and how to stop it from doing us in.
Striving for power, position or money
I was brought up to despise ambition. My parents had that snobby suspicion of overt success common in Britain in the middle of last century and disapproved of striving for power, position or money. I would hear them say “He’s very ambitious” — implying that the person in question was only a hop, skip and a jump away from turning into Macbeth.
When it came to my own early career as a journalist I would have sworn black and blue that I had no ambition whatsoever — any advancement was simply due to luck.
I changed my mind about 15 years ago when I went around asking all the most successful journalists at the FT if they considered themselves ambitious. The older, posher Brits mostly said no, but everyone else, all the Americans and all younger journalists said yes.
Suddenly I saw how pathetic the old-fashioned British aversion to visible striving was. All successful people are ambitious. If you want to achieve anything, especially in anything competitive, you won’t get anywhere at all without ambition.
Now as a teacher, I find myself not only pro-ambition, but being forced to teach it to children. “High expectations” are one of the government’s eight teacher standards each trainee teacher must provide evidence of to qualify — the idea is that teachers expect great things from every student so that they can expect great things of themselves.
Just before the end of term I asked my year 11 students to write down what they wanted to do with the rest of their lives. Some said they wanted to make a lot of money in the City and then start their own businesses. Others wanted to be neurosurgeons, professional footballers, astronauts, forensic scientists. One said he wanted to return to the country his parents were from and become a politician and help to resolve the civil war there.
As they started to discuss their ambitions I wanted to cheer. What a great job the school and their parents had done to make them all aim so high. What a great job I was doing as their economics teacher!
Aim high, but within reason
But as this roll call of ambition continued, I started to feel a bit uncomfortable. I wanted to say: come off it Tommy, you have struggled for three years to see the difference between fixed and variable costs so I’m not sure that the ambition of being Elon Musk is realistic for you.
What comes out of this are three thoughts.
Ambition is a good thing but it must be proportionate. This is true not only of Tommy but of all of us — we should aim as high as we can, but within reason. If my friend’s father had had the more reasonable (but still high) ambition of becoming an MP, he might have died a very happy man.
The second is that if you do not get the success you want, you need to let go quickly, before the wanting destroys you. My brother had the ambition of being a professional oboist. From the age of about 15, this was all he wanted in life and for a decade he did everything to make it happen. But when, in his mid 20s, he realised he was probably not going to get snapped up by the London Symphony Orchestra — or any orchestra at all — he sadly put his oboe away, cancelled his ambition and joined a stockbroker instead.
Lastly, I now see I’m wrong about myself again. Contrary to what I told Murray, I’m not ambitious any more. I’ve looked it up and it means a “strong desire for success, achievement, power or wealth”. I don’t even have a weak desire for three of those and while I do want to achieve as an A-level teacher, that is because I’ll be no use to my students if I don’t know what I’m doing, and I won’t have any fun myself.
Now mine is gone, I see more clearly the trouble with ambition. It is not that it turns you into a ruthless, driven version of Macbeth, but that the striving, by definition, makes you dissatisfied with your life at present. Worse still, all the really ambitious people I have known have never been satisfied by achieving the thing of their dreams, they merely concocted an even bigger dream. I daresay that if my friend’s father had made it to the cabinet, he would still have died embittered by dint of not having made it as prime minister.
In the end he was unusual and unlucky to die still holding on to ambition. One of the greatest joys of getting older is the corrosive side of the striving, the wanting, the envy tends to recede. Whether it is because the charms of success, power and money fade as you get older or whether it is because of the diminishing probability of achieving those things — it doesn’t matter. Murray was right: life without the monkey is a good deal nicer.
Friday, 17 November 2017
Are our dreams trying to tell us something – or should we sleep on it?
Oliver Burkeman in The Guardian
What are dreams for? It’s one of those bottomless questions where the answer tells you mainly about the person doing the answering. Those who pride themselves on being hard-headed and scientific will say they’re meaningless nonsense or, at best, some kind of boring but essential process for consolidating the memories of the day. Those who think of themselves as spiritual, meanwhile, will insist they’re messages from beyond. Yet the hard-headed answer isn’t much more plausible than the kooky one. If dreams are random brain-firings, how come they have coherent narratives? And if they’re just a dull retread of everyday events, how come they’re so often wildly inventive, haunting or surreal? (Don’t worry, I won’t bore you with any of my own, though the famous fact that “nothing is more boring than other people’s dreams” is, in itself, rather interesting.) As James Hollis, a Jungian psychotherapist for whom dreams are far from meaningless, writes: “Who would make this stuff up?” Night after night, you go to bed and elaborately crazy stories plant themselves in your mind through no choice of your own! Don’t tell me something intriguing isn’t going on.
Dreams are hard to study in the lab, for the obvious reason that only you experience your own. Indeed, as the philosopher Daniel Dennett points out, you can’t even be certain you experience them, at least in the way you imagine. You “recall” them when you wake, but how do you know that memory wasn’t inserted into your mind at the moment of waking? Yet recent work by researchers including Matthew Walker, author of the new book Why We Sleep, strongly suggests dreams are a kind of “overnight therapy”: in REM sleep, we get to reprocess emotionally trying experiences, but without the presence of the anxiety-inducing neurotransmitter noradrenaline. In experiments, people exposed to emotional images reacted much more calmly to seeing them again after a good night’s dreaming. Neither dreamless sleep nor the mere passage of time duplicated that effect.
Carl Jung certainly wouldn’t have settled for that explanation, though. He argued– I’m simplifying here – that dreams were messages from the unconscious, offering, in symbolic form, insights and advice the conscious mind might have missed. That dream where you’re careening down a slope in a runaway shopping trolley towards a cliff edge: what might that be saying about how you need to change? So you wrote down a dream, then studied it, with or without a therapist, trying out different interpretations, and if one rang true – if it gave you goosebumps or triggered strong emotions – you pursued it further. What’s striking, you may have noticed, is that this approach would work even if Jung were wrong, and dreams were just random. If you treat them as potentially meaningful, retaining only those interpretations that really “click”, you’re going to end up with meaningful insights anyway. I’ve dabbled in this, and highly recommend it. To ask what your dreams might be trying to tell you is to ask deep and difficult questions you’d otherwise avoid – even if, in reality, they weren’t trying to tell you anything at all.
What are dreams for? It’s one of those bottomless questions where the answer tells you mainly about the person doing the answering. Those who pride themselves on being hard-headed and scientific will say they’re meaningless nonsense or, at best, some kind of boring but essential process for consolidating the memories of the day. Those who think of themselves as spiritual, meanwhile, will insist they’re messages from beyond. Yet the hard-headed answer isn’t much more plausible than the kooky one. If dreams are random brain-firings, how come they have coherent narratives? And if they’re just a dull retread of everyday events, how come they’re so often wildly inventive, haunting or surreal? (Don’t worry, I won’t bore you with any of my own, though the famous fact that “nothing is more boring than other people’s dreams” is, in itself, rather interesting.) As James Hollis, a Jungian psychotherapist for whom dreams are far from meaningless, writes: “Who would make this stuff up?” Night after night, you go to bed and elaborately crazy stories plant themselves in your mind through no choice of your own! Don’t tell me something intriguing isn’t going on.
Dreams are hard to study in the lab, for the obvious reason that only you experience your own. Indeed, as the philosopher Daniel Dennett points out, you can’t even be certain you experience them, at least in the way you imagine. You “recall” them when you wake, but how do you know that memory wasn’t inserted into your mind at the moment of waking? Yet recent work by researchers including Matthew Walker, author of the new book Why We Sleep, strongly suggests dreams are a kind of “overnight therapy”: in REM sleep, we get to reprocess emotionally trying experiences, but without the presence of the anxiety-inducing neurotransmitter noradrenaline. In experiments, people exposed to emotional images reacted much more calmly to seeing them again after a good night’s dreaming. Neither dreamless sleep nor the mere passage of time duplicated that effect.
Carl Jung certainly wouldn’t have settled for that explanation, though. He argued– I’m simplifying here – that dreams were messages from the unconscious, offering, in symbolic form, insights and advice the conscious mind might have missed. That dream where you’re careening down a slope in a runaway shopping trolley towards a cliff edge: what might that be saying about how you need to change? So you wrote down a dream, then studied it, with or without a therapist, trying out different interpretations, and if one rang true – if it gave you goosebumps or triggered strong emotions – you pursued it further. What’s striking, you may have noticed, is that this approach would work even if Jung were wrong, and dreams were just random. If you treat them as potentially meaningful, retaining only those interpretations that really “click”, you’re going to end up with meaningful insights anyway. I’ve dabbled in this, and highly recommend it. To ask what your dreams might be trying to tell you is to ask deep and difficult questions you’d otherwise avoid – even if, in reality, they weren’t trying to tell you anything at all.
Sunday, 15 October 2017
Saturday, 2 September 2017
Holy men — theirs and ours
Pervez Hoodbhoy in The Dawn
INDIA and Pakistan have more influential holy men per square mile than anyone has ever counted. Some are just rich, others both powerful and rich. Once upon a time their followers were only the poor, superstitious and illiterate. But after the massive resurgence of religion in both countries this base has expanded to include politicians, film and cricket stars, and college-educated people who speak English and drive posh cars.
It is rare for an Indian holy man to bite the dust but one just did. The self-styled messenger of God, Ram Rahim Singh of Dera Sacha Sauda was convicted of two rapes by an Indian court. He is also accused of 52 other rapes, two murders, and storing 400 pairs of testicles in his refrigerators cut from 400 devotees on the promise of getting them nirvana. An avid Modi supporter, Singh travelled in entourages of 100-plus cars and claims 50-60 million followers. Vote-hungry politicians have touched his feet and done deals. After his conviction his crazed followers rioted, convinced of a conspiracy against their God. So far 38 people have died, hundreds injured, cars and public buildings set on fire.
But although Singh is one of India’s bigger holy men he is still small, dispensable fry. The really powerful ones are those who have learned the value of using religion in national politics. Today India is living out the extremist Hindutva ideology of Golwalkar and Savarkar with a head of government who is unabashedly committed to Hindu supremacy. This holy man’s clear and evident role in the communal riots of Gujarat in 2002 had led to his being banned from entering the US in 2005. However, no Indian court could find any wrongdoing committed by the then chief minister, now prime minister.
Pakistan’s holy men also come in two sorts. The pir resembles the Hindu and Sikh spiritual guru in some respects. He hands out amulets, prescriptions, and blessings — usually for a hefty price — to credulous mureeds (followers). Pirs allegedly have magical healing powers. For example, Benazir Bhutto was a mureed of the prescient Pir Pinjar, a man who claimed to cure terminally ill patients by spraying water on them with a garden hose. Her husband, ex-president Asif Ali Zardari, had a black goat sacrificed daily on the advice of his pir. But educated Muslims increasingly spurn such practices and the pir is losing out.
The second kind of Pakistani holy man — the mullah — has had a very different trajectory. Once a poor and largely harmless cleric, he was the butt of many a joke. Sought only for funerals and Friday prayers, he eked out an existence by teaching the Quran to children. Allama Iqbal heaped scorn upon him: Teri namaz main baqi jalal hai na jamal (The prayers you lead are empty of grace and grandeur), Teri azaan main nahin meri sehr ka payam (Your azan is cold and uninspiring).
But the Soviet invasion of Afghanistan in 1979 changed the mullah’s fortunes. Indispensable to the US-Pakistan-Saudi grand jihad alliance, this once pathetic figure could now be seen driven around in a SUV, commanding a militia, or screaming through multiple turbo-charged loudspeakers. Some eventually became successful land-grabbers, wheeler-dealers, and shady entrepreneurs. Few Pakistanis will fail to recognise the identities of Maulana Diesel, Maulana Whiskey, and Mullah Disco.
Serious conflict between mullah and state came after 9/11. Gen Musharraf’s apparent surrender to America enraged the mullah, who resolved to seize control of the Pakistani state. Ensconced in the heart of Pakistan’s capital, armed vigilante groups from Islamabad’s Red Mosque and Jamia Hafsa took over a government building, in January 2007. They kidnapped ordinary citizens and policemen, and repeated the demands of tribal militants fighting the Pakistan Army. From their FM station they broadcast a message: “We have weapons, grenades and we are expert in manufacturing bombs. We are not afraid of death.” Islamabad turned into a war zone and, by the time the insurrection was finally crushed, 150-200 lives had been lost.
Pakistani courts have failed to convict our holy men (as well as women). For example, Maulana Aziz and Umme Hassan (his wife, who headed Jamia Hafsa) were exonerated of any wrongdoing and are today going about their normal business. The court had ruled that possession of heavy weaponry by the accused could not be proven. It dismissed TV footage that showed Aziz’s students with gas masks firing Kalashnikovs. Weapons seized by the army and placed in a police armoury disappeared mysteriously. Although 10 of Pakistan’s crack SSG commandos died in the crackdown, the army — known for quick action in Balochistan — also did not pursue the case.
Why have Indians and Pakistanis become so tolerant — nay, supportive — of holy men, whether of the spiritual or political kind? Why are those who aspire to power so successful in using religion to motivate their electorates? After all, this is the 21st century, not the 12th.
The culprit could be modernity. Technology has created enormous psychological distress by doing away with traditional ways of living and bringing in a new, uncertain and ever-changing world. Older forms of associations such as the extended family and village community, together with their values, are disappearing. Cramped living conditions, pollution, ugliness all around, and job insecurities are a fact of life for most urban dwellers.
There is enormous nostalgia for the time when the world was supposedly perfect. This is why people looking for simple answers to today’s complex questions eagerly buy the wares peddled by holy men. Just as Hindutva encourages Indian Hindus to dream of the ‘authentic’ India, Muslim clerics tell their followers to dream of reclaiming Islam’s ancient glories.
But this is clutching at a straw. It gets far worse when religion is infused into politics. This produces a highly toxic, explosive mix as large masses of people blindly and unquestioningly follow holy men. Instead of dividing people still further, whether inside or outside national boundaries, South Asian states should aspire towards becoming a part of cosmopolitan world society removed from the prejudices of religion, caste and race.
Monday, 5 December 2016
Who am I? Swami Sarvapriyananda speaking at IIT Kanpur
Part 1
Part 2
Tips on Meditation
Three great powers within us
How to create the eternal witness
Tuesday, 25 August 2015
10 funniest jokes of the Edinburgh fringe
Source: The Guardian
1. Darren Walsh: I just deleted all the German names off my phone. It’s Hans free.
2. Stewart Francis: Kim Kardashian is saddled with a huge arse … but enough about Kanye West.
3. Adam Hess: Surely every car is a people carrier?
4. Masai Graham: What’s the difference between a hippo and a Zippo? One is really heavy, the other is a little lighter.
5. Dave Green: If I could take just one thing to a desert island, I probably wouldn’t go.
6. Mark Nelson: Jesus fed 5,000 people with two fishes and a loaf of bread. That’s not a miracle. That’s tapas.
7. Tom Parry: Red sky at night: shepherd’s delight. Blue sky at night: day.
8. Alun Cochrane: The first time I met my wife, I knew she was a keeper. She was wearing massive gloves.
9. Simon Munnery: Clowns divorce: custardy battle.
10. Grace the Child: They’re always telling me to live my dreams. But I don’t want to be naked in an exam I haven’t revised for.
Honourable Mentions
Jenny Collier: I never lie on my CV, because it creases it.
Ian Smith: If you don’t know what introspection is, you need to take a long, hard look at yourself.
Tom Ward: I usually meet my girlfriend at 12:59 because I like that one-to-one time.
Gyles Brandreth: Whenever I get to Edinburgh, I’m reminded of the definition of a gentleman. It’s someone who knows how to play the bagpipes, but doesn’t.
Ally Houston: Let me tell you a little about myself. It’s a reflexive pronoun that means “me”.
James Acaster: Earlier this year I saw The Theory of Everything – loved it. Should’ve been called Look Who’s Hawking, that’s my only criticism.
Wednesday, 3 June 2015
How a corporate cult captures and destroys our best graduates
George Monbiot in The Guardian
People who had spent the preceding years laying out exultant visions of a better world were suddenly sucked into the mouths of corporations dangling money like angler fish.’ Photograph: Daniel Pudles
To seek enlightenment, intellectual or spiritual; to do good; to love and be loved; to create and to teach: these are the highest purposes of humankind. If there is meaning in life, it lies here.
Those who graduate from the leading universities have more opportunity than most to find such purpose. So why do so many end up in pointless and destructive jobs? Finance, management consultancy, advertising, public relations, lobbying: these and other useless occupations consume thousands of the brightest students. To take such jobs at graduation, as many will in the next few weeks, is to amputate life close to its base.
I watched it happen to my peers. People who had spent the preceding years laying out exultant visions of a better world, of the grand creative projects they planned, of adventure and discovery, were suddenly sucked into the mouths of corporations dangling money like angler fish.
At first they said they would do it for a year or two, “until I pay off my debts”. Soon afterwards they added: “and my mortgage”. Then it became, “I just want to make enough not to worry any more”. A few years later, “I’m doing it for my family”. Now, in middle age, they reply, “What, that? That was just a student fantasy.”
Why did they not escape, when they perceived that they were being dragged away from their dreams? I have come to see the obscene hours some new recruits must work – sometimes 15 or 16 a day – as a form of reorientation, of brainwashing. You are deprived of the time, sleep and energy you need to see past the place into which you have been plunged. You lose your bearings, your attachments to the world you inhabited before, and become immersed in the culture that surrounds you. Two years of this and many are lost for life.
Employment by the City has declined since the financial crash. Among the universities I surveyed with the excellent researcher John Sheil, the proportion of graduates taking jobs in finance and management consultancy ranges from 5% at Edinburgh to 13% at Oxford, 16% at Cambridge, 28% at the London School of Economics and 60% at the London Business School. But to judge by the number of applications and the rigour of the selection process, these businesses still harvest many of the smartest graduates.
Recruitment begins with lovebombing of the kind that cults use. They sponsor sports teams and debating societies, throw parties, offer meals and drinks, send handwritten letters, use student ambassadors to offer friendship and support. They persuade undergraduates that even if they don’t see themselves as consultants or bankers (few do), these jobs are stepping stones to the careers they really want. They make the initial application easy, and respond immediately and enthusiastically to signs of interest. They offer security and recognition when people are most uncertain and fearful about their future. And there’s the flash of the king’s shilling: the paid internships, the golden hellos, the promise of stupendous salaries within a couple of years. Entrapment is a refined science.
We have but one life. However much money we make, we cannot buy it back. As far as self-direction, autonomy and social utility are concerned, many of those who enter these industries and never re-emerge might as well have locked themselves in a cell at graduation. They lost it all with one false step, taken at a unique moment of freedom
Those who graduate from the leading universities have more opportunity than most to find such purpose. So why do so many end up in pointless and destructive jobs? Finance, management consultancy, advertising, public relations, lobbying: these and other useless occupations consume thousands of the brightest students. To take such jobs at graduation, as many will in the next few weeks, is to amputate life close to its base.
I watched it happen to my peers. People who had spent the preceding years laying out exultant visions of a better world, of the grand creative projects they planned, of adventure and discovery, were suddenly sucked into the mouths of corporations dangling money like angler fish.
At first they said they would do it for a year or two, “until I pay off my debts”. Soon afterwards they added: “and my mortgage”. Then it became, “I just want to make enough not to worry any more”. A few years later, “I’m doing it for my family”. Now, in middle age, they reply, “What, that? That was just a student fantasy.”
Why did they not escape, when they perceived that they were being dragged away from their dreams? I have come to see the obscene hours some new recruits must work – sometimes 15 or 16 a day – as a form of reorientation, of brainwashing. You are deprived of the time, sleep and energy you need to see past the place into which you have been plunged. You lose your bearings, your attachments to the world you inhabited before, and become immersed in the culture that surrounds you. Two years of this and many are lost for life.
Employment by the City has declined since the financial crash. Among the universities I surveyed with the excellent researcher John Sheil, the proportion of graduates taking jobs in finance and management consultancy ranges from 5% at Edinburgh to 13% at Oxford, 16% at Cambridge, 28% at the London School of Economics and 60% at the London Business School. But to judge by the number of applications and the rigour of the selection process, these businesses still harvest many of the smartest graduates.
Recruitment begins with lovebombing of the kind that cults use. They sponsor sports teams and debating societies, throw parties, offer meals and drinks, send handwritten letters, use student ambassadors to offer friendship and support. They persuade undergraduates that even if they don’t see themselves as consultants or bankers (few do), these jobs are stepping stones to the careers they really want. They make the initial application easy, and respond immediately and enthusiastically to signs of interest. They offer security and recognition when people are most uncertain and fearful about their future. And there’s the flash of the king’s shilling: the paid internships, the golden hellos, the promise of stupendous salaries within a couple of years. Entrapment is a refined science.
We have but one life. However much money we make, we cannot buy it back. As far as self-direction, autonomy and social utility are concerned, many of those who enter these industries and never re-emerge might as well have locked themselves in a cell at graduation. They lost it all with one false step, taken at a unique moment of freedom
.
We have but one life. However much money we make, we cannot buy it back.
John Sheil and I sent questions to eight of the universities with the highest average graduate salaries: Oxford, Cambridge, Imperial, the LSE, the London Business School, Warwick, Sheffield and Edinburgh. We asked whether they seek to counter these lavish recruitment drives and defend students from the love blitz. With one remarkable exception, their responses ranged from feeble to dismal. Most offered no evidence of any prior interest in these questions. Where we expected deep deliberation to have taken place, we found instead an intellectual vacuum.
They cited their duty of impartiality, which, they believe, prevents them from seeking to influence students’ choices, and explained that there were plenty of other careers on offer. But they appear to have confused impartiality with passivity. Passivity in the face of unequal forces is anything but impartial. Impartiality demands an active attempt to create balance, to resist power, to tell the dark side of the celestial tale being pummelled into the minds of undergraduates by the richest City cults.
Oxford University asked us, “isn’t it preferable that [the City] recruits bright, critical thinkers and socially engaged graduates who are smart enough to hold their employers to account when possible?”. Oh blimey. This is a version ofthe most desperate excuse my college friends attempted: “I’ll reform them from within.” This magical thinking betrays a profound misconception about the nature and purpose of such employers.
They respond to profit, the regulatory environment, the demands of shareholders, not to the consciences of their staff. We all know how they treat whistleblowers. Why should “bright, critical thinkers and socially engaged graduates” be dispatched on this kamikaze mission? I believe these universities are failing in their duty of care.
We have but one life. However much money we make, we cannot buy it back.
John Sheil and I sent questions to eight of the universities with the highest average graduate salaries: Oxford, Cambridge, Imperial, the LSE, the London Business School, Warwick, Sheffield and Edinburgh. We asked whether they seek to counter these lavish recruitment drives and defend students from the love blitz. With one remarkable exception, their responses ranged from feeble to dismal. Most offered no evidence of any prior interest in these questions. Where we expected deep deliberation to have taken place, we found instead an intellectual vacuum.
They cited their duty of impartiality, which, they believe, prevents them from seeking to influence students’ choices, and explained that there were plenty of other careers on offer. But they appear to have confused impartiality with passivity. Passivity in the face of unequal forces is anything but impartial. Impartiality demands an active attempt to create balance, to resist power, to tell the dark side of the celestial tale being pummelled into the minds of undergraduates by the richest City cults.
Oxford University asked us, “isn’t it preferable that [the City] recruits bright, critical thinkers and socially engaged graduates who are smart enough to hold their employers to account when possible?”. Oh blimey. This is a version ofthe most desperate excuse my college friends attempted: “I’ll reform them from within.” This magical thinking betrays a profound misconception about the nature and purpose of such employers.
They respond to profit, the regulatory environment, the demands of shareholders, not to the consciences of their staff. We all know how they treat whistleblowers. Why should “bright, critical thinkers and socially engaged graduates” be dispatched on this kamikaze mission? I believe these universities are failing in their duty of care.
The hero of this story is Gordon Chesterman, head of the careers service at Cambridge, and the only person we spoke to who appears to have given some thought to these questions. He told me his service tries to counter the influence of the richest employers.
It sends out regular emails telling students “if you don’t want to become a banker, you’re not a failure”, and runs an event called “But I don’t want to work in the City”. It imposes a fee on rich recruiters and uses the money to pay the train fares of nonprofits. He expressed anger about being forced by the government to provide data on graduate starting salaries.
“I think it’s a very blunt and inappropriate means [of comparison], that rings alarm bells in my mind.”
Elsewhere, at this vulnerable, mutable, pivotal moment, undergraduates must rely on their own wavering resolve to resist peer pressure, the herd instinct, the allure of money, flattery, prestige and security.
Students, rebel against these soul-suckers! Follow your dreams, however hard it may be, however uncertain success might seem.
It sends out regular emails telling students “if you don’t want to become a banker, you’re not a failure”, and runs an event called “But I don’t want to work in the City”. It imposes a fee on rich recruiters and uses the money to pay the train fares of nonprofits. He expressed anger about being forced by the government to provide data on graduate starting salaries.
“I think it’s a very blunt and inappropriate means [of comparison], that rings alarm bells in my mind.”
Elsewhere, at this vulnerable, mutable, pivotal moment, undergraduates must rely on their own wavering resolve to resist peer pressure, the herd instinct, the allure of money, flattery, prestige and security.
Students, rebel against these soul-suckers! Follow your dreams, however hard it may be, however uncertain success might seem.
Saturday, 11 October 2014
The backpacking cricket addict and a cricket widow
Leaving behind a cushy life to go on a whirlwind world cricket tour has so far been a journey of self-discovery and learning. And we are only halfway through
Subash Jayaraman in Cricinfo
October 11, 2014
With wife Kathleen and Colin Croft in Trinidad © Subash Jayaraman
It has been nearly three months since my wife Kathleen and I boarded a flight out of Newark International Airport in New Jersey headed for Port-of-Spain, Trinidad & Tobago - the first leg of a cricket journey around the world that is to culminate at the final of the 2015 World Cup in Melbourne, Australia. The objective: 255 days on the road through 12 countries, following as much cricket as we can.
This was a dream trip many years in the making for me as a cricket fan. As such, the decision to leave our cushy lives of comfort and guaranteed salaries to explore the cricket world and come back to start anew wasn't that hard to make. After all, it is cricket we are talking about.
Though I swear by cricket, I actually didn't step inside a cricket stadium to watch an international match until 2007. Growing up in India, cricket was always around me, but I never had the means to actually be at a match. I watched it on TV, read about it in newspapers and magazines, played it in the streets, backyards and terraces, on patches of land and in riverbeds, in hostel corridors and in living rooms, but the fan in me wasn't complete till I watched it in the flesh in Antigua during the 2007 World Cup. And then, I caught the bug.
Since then, I have travelled to Jamaica, Trinidad, England, Bangladesh, India and Australia to watch cricket - sometimes as a fan and other times as a media person. As Kathleen and I took more and more one- and two-week long cricket trips, the idea of a long one around the world began to germinate. We took inspiration from an Australian couple who were backpacking through North America for six months while taking in cricket in the Caribbean.
Fans went out of their way to help us find accommodation, buy us a few pints, help us with travel and food | |||
As soon as we returned to our home in USA after watching a Test in Trinidad in 2012, we looked up the Future Tours Programme and decided that the 2015 World Cup in Australia and New Zealand was an obvious final destination of our trip. We worked backwards to come up with an itinerary that took us through almost every Test-playing nation, and set off on July 15, 2014. Since we derived our inspiration in Trinidad, it was logical to begin our trip there.
We have met former and current Test cricketers, legends, commentators, famous writers and journalists, who have all enriched the trip in more ways than we could have imagined. More than that, it has been the fans - some friends and some strangers - who went out of their way to help us find accommodation, buy us a few pints, help us with travel and food - who have made this trip possible and thoroughly memorable.
We had the privilege of speaking to Colin Croft about his career and the great West Indian side he was part of, while sitting in the stands of the Queen's Park Oval, the venue of his best bowling figures. We have been within touching of Sir Garfield Sobers at the Kensington Oval. We paid our respects at the final resting places of Sir Frank Worrell and Sir Clyde Walcott. We had the joy of bowling in the Wanderers Cricket Club nets, the oldest club in Barbados. We were given a guided tour of a cricket museum by Malcolm Marshall's son. We sat among the who's who of Indian and English cricket journalists covering the Tests in England. We shared a lunch table with Kapil Dev and Wasim Akram. We rode tubes and elevators with some of the best known voices in the game. We were interviewed on the BBC. We had a feature written about us in an Indian newspaper. We ate dinner in a castle in Ireland that was formerly the summer home of Ranjitsinhji during his last years. We walked into the home of one of the great names in Indian cricket and spent hours talking cricket. We got a private tour of the only cricket museum in India. Many of these instances are each worthy of a piece of its own, and I shall revisit some of them in these pages at a later time.
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Many people have asked us: Why make this trip at all? What are our plans once the trip is over? What is it all for?
Well, it is part fun, part self-discovery, and part experimentation. We were leading lives of comfort and security, where we seemed to be almost on autopilot. Putting our regular lives on hold for nine months to see whether we - a cricket addict and a "cricket widow" - could come out the other side is certainly one aspect of it. It is also an opportunity for Kathleen to explore the cricket world, its culture, customs and traditions to better understand the sport her husband is so hopelessly addicted to.
We do not know just yet what we will do when the trip is over. We moved out of the apartment we lived in for years and gave away nearly all of our possessions. In effect, we have forced ourselves to start afresh. The future is wide open and filled with limitless possibilities.
We are currently winding down the (southern) Indian leg of the trip and are headed to the UAE to watch the Pakistan-Australia Tests. Sri Lanka, Bangladesh, India (the north), South Africa, Zimbabwe, Australia and New Zealand await. About 160 days of travel and cricket are still ahead of us, and based on our experiences so far, they promise to be one hell of a ride. Most of all, we look forward to meeting the people who are bound to keep making this trip unforgettable. As we have learned in our time on the road so far, the cricket world is full of friends; only, we haven't met them all yet.
Wednesday, 16 January 2013
The leggie who was one of us
It's hard not
to admire the story and spirit of a club spinner who believed he would
one day make it to the big leagues - and briefly did
Jarrod Kimber
January 16, 2013
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I grew up in the People's Democratic Republic of Victoria. I was
indoctrinated early. Dean Jones was better than Viv Richards in
Victoria, and had a bigger ego as well. Darren Berry kept wicket with
the softest hands and hardest mouth of any keeper I have ever seen. Ian
Harvey had alien cricket. Matthew Elliott could score runs with his
eyes shut. The first time I saw Dirk Nannes bowl, I felt like Victoria
had thawed a smiley caveman. And even though I never saw Slug Jordan
play, I enjoyed his sledging for years on the radio.
So my favourite player has to be a Victorian. But my other love is
cricket's dark art, legspin. I wish I knew whether it was being a
legspinner that made me love legspin, or seeing a legspinner that made
me want to bowl it. Everything in cricket seemed easy to understand
when I was a kid, but not legspin. And that's where I ended up. I'm
not a good legspinner, far from it, but I think that any legspinner,
even the useless club ones that bowl moon balls, have something special
about them.
The first legspinner I ever fell for was Abdul Qadir. I'm not sure how I
saw him, or what tour it was, but even before I understood actual
legspin, I could see something special about him. His action was
theatrical madness and I loved it.
Then the 1992 World Cup came. I was 12, it was in Melbourne (read
Australia), and this little pudgy-faced kid was embarrassing the world's
best. I was already a legspinner by then, but Mushie made it cool.
This was the age where we were told spinners had no place; it was pace
or nothing. Limited-overs cricket was going to take over from Tests, and
spinners had no role in it. Mushie made that all look ridiculous as he
did his double-arm twirl to propel his killer wrong'uns at groping
moustached legends.
By worshipping Mushie I was ahead of the curve, because from then on, in
Melbourne, Australia, and eventually England, Shane Warne changed the
world. Mushie and Qadir had made legspinning look like it was beyond
the realms of understanding, but Warne made it look like something
humans could do, even if he wasn't human himself.
It was through Warne I got to Anil Kumble. He bowled legspin in such an
understated way. It was completely different to Warne. His wrist
wasn't his weapon, so he had to use everything else he had. Warne was
the Batmobile, Kumble an Audi A4. Anyone could love Warne, his appeal
was obvious. But to love Kumble you needed to really get legspin. The
legspinner's leggie.
When I was young, my second favourite was a guy called Craig Howard, who virtually doesn't exist.
Howard was the Victorian legspinner who Warne thought was better than
him. To my 13- and 14-year-old eyes, Howard was a demon. His legspin
was fast and vicious, but it was his wrong'un that was something
special. Mushie and Qadir had obvious wrong'uns, subtle wrong'uns, and
invisible wrong'uns. Howard had a throat-punching wrong'un. It didn't
just beat you or make you look silly; it attacked you off a length and
flew up at you violently. I've never seen another leggie who can do
that, but neither could Howard. Through bad management and injury he
ended up as an office-working offspinner in Bendigo.
But good things can come from office work. It gave me my favourite
cricketer of all time. A person who for much of his 20s was a
struggling club cricketer no one believed in. But he believed. Even as
he played 2nds cricket, moved clubs, worked in IT for a bank, something
about this man made him continue. A broken marriage and shared custody
of his son. His day job had him moving his way up the chain. The fact
that no one wanted him for higher honours. His age. Cameron White's
legspin flirtation. And eventually the Victorian selectors, who didn't
believe that picking a man over 30 was a good policy.
Through all that, Bryce McGain continued to believe he was good enough. Through most of it, he probably wasn't. He was a club spinner.
Bryce refused to believe that, and using the TV slow-mo and
super-long-lens close-ups for teachers, he stayed sober, learnt from
every spinner he could and forced himself to be better. He refused to
just be mediocre, because Bryce had a dream. It's a dream that every
one one of us has had. The difference is, we don't believe, we don't
hang in, we don't improve, and we end up just moving on.
Bryce refused.
The world would be a better place if more people saw McGain as a hero and not a failure. He just wanted to fulfil his dream, and that he did against all odds is perhaps one of the great cricket stories of all time | |||
At 32 he was given a brief chance before Victoria put him back in club
cricket. Surely that was his last chance. But Bryce refused to believe
that. And at the age of 35 he began his first full season as
Victoria's spinner. It was an amazing year for Australian spin. It was
the first summer without Warne.
Almost as a joke, and because I loved his story, I started writing on my
newly formed blog that McGain should be playing for Australia. He made
it easy by continually getting wickets, and then even Terry Jenner paid
attention. To us legspinners, Jenner is Angelo Dundee, and his word,
McGain's form and the circumstances meant that Bryce suddenly became the
person most likely.
Stuart MacGill was finished, Brad Hogg wanted out, and Beau Casson was
too gentle. Bryce was ready at the age of 36 to be his country's
first-choice spinner. Then something happened. It was reported in the
least possibly dramatic way ever. McGain had a bad shoulder, the reports said. He may miss a warm-up game.
No, he missed more than that. He missed months. As White, Jason
Krezja, Nathan Hauritz and even Marcus North played before him as
Australia's spinners. This shoulder problem wouldn't go away. And
although Bryce's body hadn't had the workload of the professional
spinners, bowling so much at his advanced age had perhaps been too much
for him. He had only one match to prove he was fit enough for a tour to
South Africa. He took a messy five-for against South Australia and was picked for South Africa. He didn't fly with the rest of the players, though, as he missed his flight. Nothing was ever easy for Bryce.
His second first-class match in six months was a tour match where the South African A team attacked
Bryce mercilessly. Perhaps it was a plan sent down by the main
management, or perhaps they just sensed he wasn't right, but it wasn't
pretty. North played as the spinner in the first two Tests. For the
third Test, North got sick, and it would have seemed like the first bit
of good fortune to come to Bryce since he hurt his shoulder.
At the age of 36, Bryce made his debut
for Australia. It was a dream come true for a man who never stopped
believing. It was one of us playing Test cricket for his country. It
was seen as a joke by many, but even the cynics had to marvel at how
this office worker made it to the baggy green.
I missed the Test live as I was on holidays and proposing to my
now-wife. I'm glad I missed it. Sure, I'd wanted Bryce to fulfill his
dream as much as I'd wanted to fulfill most of mine, but I wouldn't have
liked to see what happened to him live. South Africa clearly saw a
damaged player thrown their way and feasted on him. His figures were
heartbreaking: 0 for 149. Some called it the worst debut in history.
I contacted him after it, and Bryce was amazingly upbeat. He'd make it
back, according to him. He was talking nonsense. There was no way back
for him. Australia wouldn't care that his shoulder wasn't right; he
couldn't handle the pressure. His body, mind and confidence had cracked
under pressure. He was roadkill.
But Bryce wouldn't see it that way, and that's why he's my favourite
cricketer. I wasn't there for all the times no one believed in him, for
all those times his dream was so far away and life was in his way. But I
was there now, at what was obviously the end. Bryce McGain saw the
darkness but refused to enter it. That's special. That is how you
achieve your dreams when everything is against you.
Before I moved to London to embark on my cricket-writing career, I met
Bryce for a lunch interview. It was my first interview with a
cricketer. We were just two former office workers who had escaped. At
this stage Casson had been preferred over him for the tour to the West
Indies. In the Shield final, Bryce's spinning finger had opened up after
a swim in the ocean. He was outbowled by Casson and the selectors
didn't take him. Surely this was it. Why would anyone pick a
36-year-old who had been below his best in his most important game?
Bryce knew he may have blown it. But he still believed, of course. We
were just two former office workers with dreams. Two guys talking about
legspin. Two guys just talking shit and hoping things would work out.
At the time it was just cool to have lunch with this guy I admired, but
now I look back and know I had lunch with the player who would become my
favourite cricketer of all time.
The world would be a better place if more people saw McGain as a hero
and not a failure. Shane Warne was dropped on this planet to be a god.
Bryce McGain just wanted to fulfil his dream, and that he did against
all odds is perhaps one of the great cricket stories of all time.
Bryce is one of us, the one who couldn't give up.
Wednesday, 16 December 2009
'Dreams Are Made Out Of Impossibles'
'...As soon as one impossible becomes possible, it shakes up the structure and creates a domino effect, preparing the ground for making many other impossibles possible.'
Muhammad Yunus
The 2nd Professor Hiren Mukerjee Memorial Annual Parliamentary Lecture delivered by Professor Muhammad Yunus: "Social Business: A Step toward creating a new economic and social order" on Wednesday, 9th December, 2009 at Central Hall, Parliament House, New Delhi. The inaugural lecture was given by another Nobel laureate, Amartya Sen
Hon. Vice-President of India; Hon. Prime Minister of India, Hon. Speaker of Lok Sabha; Hon. Members of Lok Sabha and Rajya Sabha; Distinguished Ministers; and Ladies and Gentlemen:
When I first got the invitation, I got really scared. I did not believe that I will have an invitation like this to address the Members of Lok Sabha and Rajya Sabha. Then, I felt that I have so many friends here, and so, instead of thinking of them in terms of Members of Lok Sabha and Rajya Sabha, I felt like thinking of them as my friends who have been supporting me all along in my career, all along the way I have worked. The Government of India and the people of India have given me so many prizes and so many decorations; I have occupied so many positions in your Committees. So, I felt totally comfortable coming back here, to share with you the thoughts that I had accumulated over the years, to share the things that I have done or acquired or try to do; and that is the subject matter of my presentation today.
It is a great honour and a privilege for me to deliver the 2nd Professor Hiren Mukerjee Memorial Annual Parliamentary Lecture in honour of the formidable academician and parliamentarian, Professor Hiren Mukerjee. I am very proud to pay my respects to an individual whose commitment to social justice spanned over 60 years, until his death in 2004.
Hiren Babu‘s commitment to the plight of the oppressed and exploited during his entire life has inspired many. His gift of oratory has captivated and enlightened individuals across the political spectrum. Indeed, Hiren Babu‘s faith in the ability of all people, including the poor, to change their own lives for the better.
Professor Hirendra Nath Mukerjee has been one of the 20th century's best examples of the intellectual prowess in South Asia. If our human resources are nurtured and simply given a chance to grow, I am certain we can all change our economic and social situations dramatically. I pay tribute to the memory of this great son of this region who dedicated himself to improving the life of the poor people at the very bottom. Professor Mukerjee tried to address the poverty issue politically. I first got involved with poverty as an academician, and then I got involved personally, almost by accident.
I got involved with poverty because it was all around me. If you recall the famine of 1974 in Bangladesh, that famine pushed me out of the university campus. In disaster situations, most of us take up our social roles unhesitatingly. But in my case what began in a time of crisis became a life-long calling. I gave up my academic position and founded a bank in the process — a bank for the poor people. In 1974, I found it extremely difficult to teach elegant theories of economics in the classroom while a terrible famine was raging outside. Suddenly I felt the emptiness of economic theories in the face of crushing hunger and poverty. I realized that I had to leave the campus and somehow make myself useful to the distressed people of Jobra, the village next door to the university campus. In trying to discover what I could do to help, I learned many things about Jobra, about the people, and about their helplessness. I came face to face with the struggle of poor people to find the tiniest amounts of money needed to support their efforts to eke out a living. I was shocked to meet a woman who had borrowed just five taka from a money-lender. The condition of the loan was, she would have to sell all her products to him at a price he would decide. A five-taka loan transformed her into a virtual slave. To understand the scope of this money-lending practice in that village, I made a list of the people who had borrowed from the money-lenders. When my list was complete, I had 42 names in the list. These people had borrowed a total of taka 856 from the money-lenders. To free these 42 people from the clutches of the money lenders, I gave them the money from my pocket to repay the loans. The excitement that was created in the village by this small action touched me very deeply. I thought, "If this little action makes so many people so happy, why shouldn't I do more of this?" That's what I have been trying to do ever since. The first thing I did was to try to persuade the bank located in the university campus to lend money to the poor in the next door village. But the bank manager refused to do that. He said, "The poor do not qualify to take loans from the bank — they are not creditworthy". I argued with him about this for several months and also his senior officials in the banking hierarchy tried to persuade him but no result.
So I offered to become a guarantor for loans to the poor people. The bank agreed to accept this proposal. By the middle of 1976, I started giving out loans to the village poor, taking personal responsibility for their repayment. I came up with some ideas for making it easier for people to repay the money they had borrowed. These ideas worked. People paid back the loans on time, every time. It seems to me that lending money to the poor was not as difficult as it was imagined. But I kept confronting difficulties in trying to expand the programme through the existing banks. Finally, I decided to create a separate bank for the poor people. I succeeded in creating that bank in 1983. We called it Grameen Bank. Today, Grameen Bank is a nationwide bank serving the poor in every single village of Bangladesh. It has 8 million borrowers, 97 per cent of whom are women. The bank is owned by the borrowers. The members of the Board are elected by the borrowers as shareholders. Grameen Bank lends out over $100 million a month in collateral-free loans averaging about $200. It encourages children of Grameen families to go to school. The women and the borrowers are totally illiterate. But we wanted to make sure that children go to school and we succeeded in having all their children to go to school. Then we offered education loans when these children came to college level and university level so that they are not turned down because they come from poor families. So, the Grameen Bank keeps on giving loans to support all the cost of education for all the children who come to the college level. Right now, there are more than 42,000 students who are currently pursuing their education in medical schools, engineering schools, and universities, entirely financed by education loans from Grameen Bank. Some of them have completed their Ph.D. and we feel good that the new generation is emerging among the illiterate poor women. We encourage these young people to take a pledge that they will never enter job market as job seekers and we encourage them to believe that they are job-givers and not job seekers. We explain to them that their mothers own a big bank - Grameen Bank. It has plenty of money to finance any enterprise that they wish to float. So, why should they waste time looking for a job working for somebody else? Instead, they should be an employer, rather than an employee.
Grameen Bank is financially self-reliant. All of its funds come from the deposits that it mobilizes. Everywhere they open their branches. More than half of the deposits come from the borrowers themselves, who are required to open a bank account as soon as they join Grameen Bank to save a little bit of money every week. They have a collective savings balance of over half a billion US dollars right now. The repayment rate on loan is very high, about 98 per cent, despite the fact that Grameen Bank focuses on the poorest people – those that other banks called non-creditworthy. I raised the question whether banks should tell whether people are creditworthy or not or people should tell whether the banks are people-worthy.
Grameen Bank even gives loans to beggars. They use the loans to start the business of selling goods from door to door, rather than begging door to door. Beggars liked the idea. We introduced this programme four years back and now we have over 100,000 beggars in this programme. During the four years since this programme was launched, over 18,000 beggars have quit begging completely. They became self-reliant sales persons. When people ask what happened to others, I tell them that they are part-time beggars now because they are mixing begging and selling at the same time and gradually trying to build their way out of begging completely.
The idea of small, collateral-free loans for poor women, known as "microcredit", or "microfinance", has spread all around the world. There are now Grameen-type programmes in almost every single country in the world. We even run a programme named "Grameen America" in New York City. It is now branching out to Omaha, Nebraska, and San Francisco, California. Even in the richest country in the world with the most sophisticated banking system, there is a huge need for a bank dedicated to serving the poor because there are millions of people who cannot receive any financial service from their banks even in United States and also countries in Europe.
When I meet Grameen Bank borrowers, I often meet mother-daughter and mother-son pairs when I visit their homes in which the mother is totally illiterate, while the daughter or son is a medical doctor or an engineer. A thought always flashes through my mind: the mother could have been a doctor or an engineer too. She has the same capability as her daughter or son. The only reason she could not unleash her potential is that the society never gave her the chance. She could not even go to school to learn the alphabet.
The more time you spend among poor people, the more you become totally convinced that poverty is not created by poor people. It is created by the system that we have built, the institutions that we have designed, the concepts we have formulated. Poverty is an artificial, external imposition on a human being, it is not innate in a human being. And since it is external, it can be removed. It is all a question of doing it.
Poverty is created by deficiencies in the institutions that we have built. For example, financial institutions. Financial Institutions refuse to provide financial services to nearly two-thirds of the world‘s population. For generations, they claimed that it could not be done, and everybody accepted that explanation. This allowed loan sharks to thrive all over the world. Grameen Bank questioned this assumption and demonstrated that lending money to the poorest in a sustainable way is possible. Now it is demonstrated that it works better than those banks because in the financial crisis we have seen how other banks are crumbling and how microfinance is thriving. We have no problems whatsoever.
During the current financial crisis, the falsity of the old assumption became even more visible. While big conventional banks with all their big collateral were collapsing, micro-credit programmes which do not depend on collateral, continued to be as strong as ever. Will this demonstration make the mainstream financial institutions change their minds? Will they finally open their doors to the poor people? I leave this question to you.
I am quite serious about this question because when a crisis is at its deepest, it can offer a huge opportunity. When things fall apart, that creates the opportunity to redesign, recast and rebuild. We should not miss this opportunity to redesign our financial institutions. When we are in a financial crisis, let us convert them into inclusive institutions. Nobody should be refused access to financial services. Because these services are so vital for self-realization of human beings, I strongly feel that credit should be given the status of a human right.
Every human being is born into this world fully equipped not only to take care of himself or herself, but also to contribute to the well being of the world as a whole. Some get the chance to explore their potential, but many others never get the chance to unwrap the wonderful gifts they are carrying with them. They die with those gifts unexplored, unwrapped and the world remains deprived of their contribution.
Grameen has given me an unshakeable faith in the creativity of human beings and the firm belief that human beings are not born to suffer the misery of hunger and poverty.
We can create a poverty-free world if we collectively believe in it – a world in which the only place you would be able to see poverty is in poverty museums. Some day, school children will be taken to visit these poverty museums. They will be horrified to see the misery and indignity that some human beings had to go through. They will blame their ancestors for tolerating this inhuman condition for so long.
To me, poor people are like bonsai trees. When you plant the best seed from the tallest tree in a tiny flower-pot, you get a replica of the tallest tree, only inches tall. There is nothing wrong with the seed you planted, only the soil-base that you gave it is totally inadequate. Poor people are bonsai people. There is nothing wrong with their seeds, but society never gave them the proper base to grow on. All it takes to get poor people out of poverty is for us to create an enabling environment for them. Once the poor can unleash their energy and creativity, poverty will disappear very quickly.
Let me return to the current financial crisis. Unfortunately, the media coverage gives the impression that, once we fix this financial crisis, all our troubles will be over. We forget that the financial crisis is only one of several crises that are threatening humankind. We are also suffering a global food crisis, an energy crisis, an environmental crisis, a health care crisis, and the continuing social and economic crisis of poverty. These crises are as important as the financial crisis, although they have not received as much attention as the financial crisis.
Furthermore, the media coverage may give the impression that these are disconnected crises that are taking place simultaneously, just by accident. That‘s not true at all. In fact, these crises grow from the same root and I think it is a fundamental flaw in our theoretical construct of capitalism.
The biggest flaw in our existing theory of capitalism lies in its misrepresentation of human beings. In the present interpretation of capitalism, human beings engaged in business are portrayed as one-dimensional beings whose only mission is to maximize profit. This is a much distorted picture of a real human being. Human beings are not money-making robots. The essential fact about human beings is that they are multi-dimensional beings. Their happiness comes from many different sources, not just from making money.
Yet economic theory has built the whole theory of business on the assumption that human beings do nothing in their economic lives other than pursue their self interests of making money. The theory concludes that the optimal result for society will occur when each individual‘s search for selfish benefit is given free rein. This interpretation of human beings denies the role to other aspects of life –political, social, emotional, spiritual, environmental, etc.
No doubt human beings are selfish beings but we must not forget that human beings are selfless beings too. Yet this selfless dimension of human beings has no role in economics. This distorted view of human nature is the fatal flaw that makes our economic thinking incomplete and inaccurate. Over time, it has helped to create the multiple crises we face today.
Once we recognise this flaw in our theoretical structure, the solution is obvious. We can easily replace the one-dimensional person in economic theory with a multi-dimensional person – a person who has both selfish and selfless interests at the same time.
Immediately our picture of the business world changes completely. We now see the need for two kinds of businesses, one for personal gain, that is, profit maximization, another dedicated to helping others. In one kind of business, the objective is to maximise economic gains for the owners, even if this leaves nothing for others, while in the second kind of business, everything is for the benefit of others and nothing is for the owners – except the pleasure of serving humanity.
Let us call this second type of business, which is built on the selfless part of human nature, as "social business". This is what our economic theory has been lacking.
A social business is a business where an investor aims to help others without taking any financial gain whatsoever. At the same time, the social business generates enough income to cover its own costs. Any surplus is invested in expansion of the business or for increased benefits to society. The social business is a non-loss, non-dividend company dedicated entirely to achieving a social goal.
Will anybody in the real world be interested in creating businesses with selfless objectives? Where would the money for social business come from? I am always asked this question.
Judging by the real human beings I know, many people will be delighted to create businesses for selfless purposes. Some have already created such businesses. I will give briefs on some of them a little later.
Regarding the source of fund, one source can easily be the philanthropy money going for creating social businesses. This makes enormous sense. One problem with charity programmes is that they remain perpetually dependent on donations. They cannot stand on their own two feet. Charity money goes out to do good things, but that money never comes back. It is a one-way route. But if a charity programme can be converted into a social business that supports itself, it becomes a powerful undertaking. Now, the money invested is recycled endlessly. A charity taka has one life, but a social business taka has endless life. That is the power of social business.
Besides philanthropists, many other people will invest in social businesses just to share the joy of making a difference in other people‘s lives. People will give not only money for social business but also they will bring their own creativity, networking skills, technological prowess, life experience, and other resources to create social businesses that can change the world.
Once our economic theory adjusts to the multi-dimensional reality of human nature, students will learn in their schools and colleges that there are two kinds of businesses in the world – traditional money-making businesses and social businesses. As they grow up, they will think about what kind of company they will invest in and what kind of company they will work for. And many young people who dream of a better world will think about what kind of social business they would like to create. Young people, when they are still in schools, may start designing social businesses, and even launch social businesses individually or collectively to express their creative talents in changing the world.
Like any good idea, the concept of social business needs practical demonstration. So, I have started creating social businesses in Bangladesh.
Some of them are created in partnership with large multi-national companies. The first such joint venture with a multi-national company was created in 2005, in partnership with the French dairy company, called Danone. The Grameen-Danone social business is aimed at reducing malnutrition among the children of Bangladesh. Just about fifty per cent of Bangladesh‘s children suffer from malnutrition. The Grameen-Danone Company produces a delicious yogurt for children and sells it at a price affordable to the poor. This yogurt is fortified with all the micro-nutrients which are missing in the children‘s ordinary diet. We put vitamins, iron, zinc, iodine, etc. into the yogurt. If a child eats two cups of yogurt a week over a period of eight to nine months, the child gets back all the micro-nutrients he or she needs and becomes a healthy, playful child.
As a social business, Grameen-Danone follows the basic principle that it must be self-sustaining, and the owners must remain committed never to take any dividend beyond the return of the original amount they invested. The success of the company will be judged each year not by the amount of profit generated by the company, but by the number of children getting out of malnutrition every year.
Many other big companies are now approaching us to create social businesses jointly with us. They want to create joint ventures with Grameen because they want to make sure that social business they do, it is done in the right way. Once they become experienced in social businesses, they will take the concept wherever the need exists.
We have a joint-venture social business with Veolia, a large French water company. Bangladesh has a serious arsenic problem in our world. Almost half of the people of Bangladesh drink arsenic-contaminated water, meaning literally drinking poison everyday. The Grameen-Veolia Water Company was created to bring safe drinking water in the villages of Bangladesh where arsenic contamination of water is a huge problem. Villagers are buying water from the company at an affordable price instead of drinking contaminated water.
BASF is a chemical company of Germany that has signed a joint-venture agreement to produce chemically treated mosquito-nets in Bangladesh as a social business. The BASF-Grameen joint-venture company will produce and sell these mosquito-nets as cheaply as possible to make it affordable to the poorest people. The company will have to be self-sustaining, but there is no intention of BASF taking any profit or Grameen taking any profit out of the company beyond the amount invested.
Our joint-venture social business with Intel Corporation of the USA, Grameen-Intel, aims at using information and communication technology to help solve the problems of the rural poor- for example, by providing health care in the villages by using IT.
Our joint-venture with Adidas, a big shoe and sports company in Germany, aims at producing shoes for the lowest income people at an affordable price. The goal of the Grameen-Adidas company is to make sure that no one, child or adult, in Bangladesh goes without shoes. This is a health intervention to make sure that people in the rural areas, particularly children, do not have to suffer from the parasitic diseases that can be transmitted by walking barefoot.
Grameen-Otto is about to set up a garment factory as a social business in collaboration with Otto, a large chain store and mail-order company in Germany. Profit of the company will be used for the improvement of the quality of lives of the employees, their children and their family members and the poor of the neighbourhood.
As these examples show, social business is not just a pleasant idea. It is a reality, one that is already beginning to make positive changes in people‘s lives.
Many more social businesses are on the way. One attractive area of social businesses will be in creating jobs in special locations or for particularly disadvantaged people. Since a social business company operates free from the pressure of earning profit for the owners, the scope of investment opportunities is much greater than with profit-maximizing companies. Profit-maximizing companies need to be assured of a certain minimum level of return on their investment before they will invest and create jobs. A social business does not need to fulfil such a condition. It can easily invest below that level and go down even to near-zero profit level, and, in the process open up some opportunities for creating jobs for many people which is an exciting area of social business for job creation.
Another area of social business is in afforestation. Forests are being denuded all around the world by individuals, greedy businesses and, in some cases, by Government officials who are paid by the tax-payers to protect the forests. They become the instrument in denuding the forests. This is having a documented negative impact on climate change. Planting trees across huge tracts of land could be an excellent area for social business. This opportunity, we cannot afford to ignore for saving our planet.
Healthcare is another highly potential area for social business. Public delivery of healthcare in most cases is inefficient and often fails to reach the people who need the healthcare the most. Private healthcare caters to the needs of the high-income people. The big empty space between the two can be filled by social businesses.
In Bangladesh, Grameen Healthcare Company is trying to create social businesses to fill this gap in the healthcare system. We are trying to develop a prototype of health management centres in the villages to keep healthy people healthy by concentrating on prevention and offering diagnostic and health check-up services and offering health insurance programmes, etc. We are making efforts to take advantage of the universal availability of mobile phones. We are in the process of working with the leading manufacturers to design diagnostic equipment that can transmit images and data in real time to city-based health experts through the mobile phones.
Grameen Healthcare is in the process of setting up of a series of Nursing Colleges as social business to train girls from Grameen Bank families as nurses.
Bangladesh has an enormous shortage of nursing professionals. The global shortage of nurses is also quite enormous. There is no reason why a vast number of young girls should be sitting around in the villages, getting married and have children while these attractive job opportunities are going unfilled.
Grameen Healthcare is also planning to set up secondary and tertiary health services, all designed as social businesses. To train a new generation of doctors to staff our social business healthcare facilities, Grameen Healthcare wants to set up a University of Health Sciences and Technology.
Many other segments of healthcare are appropriate for building successful social businesses—nutrition, water — which I mentioned — health insurance, health education and training, eye-care, mother-care and child-care, diagnostic services, etc. It will take time to develop the prototypes. But once creative minds come up with the design for a social business and a prototype is developed successfully, it can be replicated endlessly.
Designing each small social business is like developing a seed. Once the seed is developed, anybody can plant it wherever it is needed. Since each unit is self-sustaining, funding does not become a big obstacle.
The world today is in possession of amazingly powerful technology. That technology is growing very fast, becoming more powerful every day. Almost all of this technology is owned and controlled by profit-making businesses. All they use this technology for is to make more money for themselves, because that is the mandate given to them by their shareholders. Imagine what we can achieve if we use the same technology to solve the problems of the people!
Technology is a kind of a vehicle. One can drive this to any destination one wants. Since the present owners of technology want to travel to the peaks of profit-making, technology takes them there. If somebody else decides to use the existing technology to end poverty, it will take the owner in that direction. If another owner wants to use it to end diseases, technology will go there. The choice is ours. Present theoretical framework does not give this choice. Inclusion of social business creates this choice.
One more point. There will be no need to make an either/or choice. Using technology for one purpose does not make it less effective for serving a different purpose. Actually, it is the other way round. The more diverse use we make of technology, the more powerful the technology becomes. Using technology for solving social problems will not reduce its effectiveness for money-making use, but rather enhance it.
The owners of social businesses can direct the power of technology to solve our growing list of social and economic problems, and get quick results.
Once the concept of social business becomes widely known, creative people will come forward with attractive designs for social businesses. Young people will develop business plans to address the most difficult social problems they see around them. The good ideas will need to be funded. I am happy to say there are already initiatives in Europe and Japan to create Social Business Funds to provide equity and loan support to social businesses.
In time, more sources of funding will be needed. Each level of government – international, national, state and city – can create Social Business Funds to encourage citizens and companies to create social businesses designed to address specific social problems such as unemployment, health, sanitation, pollution, old age, drug, crime, disadvantaged groups – the disabled, etc. Bilateral and multilateral donors can create Social Business Funds. Foundations can earmark a percentage of their funds to support social businesses. Businesses can use their social responsibility budgets to fund social businesses.
We will soon need to create a separate stock market for social businesses to make it easy for small investors to invest in social businesses. Only social businesses will be listed in this Social Stock Market. Investors will know right from the beginning that they will never receive any dividends when they invest in
Social Stock Market. Their motivation will be to enjoy the pride and pleasure of helping to solve difficult social problems around them.
Social business gives everybody the opportunity to participate in creating the kind of world that we all want to see. Thanks to the concept of social business, citizens do not have to leave all problems on the shoulders of the government and then spend their life time criticizing the government for failing to solve them. Now citizens have a completely new space in which to mobilize their creativity and talent for solving the problems themselves. Seeing the effectiveness of social business, governments may decide to create their own social businesses or partner with citizen-run social businesses and/or incorporate the lessons from the social businesses to improve the effectiveness of their own programmes.
Governments will have an important role to play in the promotion of social business. They will need to pass legislation to give legal recognition to social business and create regulatory bodies to ensure transparency, integrity and honesty. They can also provide tax incentives for investing in social businesses as well as for social businesses themselves.
The wonderful promise of social business makes it all the more important that we redefine and broaden our present economic framework. We need a new way of thinking about economics that is not prone to creating series of crises; instead, it should be capable of ending the crises once for all. Now is the time for bold and creative thinking and we need to move fast, because the world is changing very fast. The first piece of this new framework must be to accommodate social business as an integral part of the economic structure.
In this context, let me raise another question.
What will be world be like twenty years or fifty years from now? More specifically, what will South Asia be like? It is fascinating to speculate about this. But I think an even more important question is: What do we want the world and specifically South Asia to be like twenty years or fifty years from today?
The difference from the two questions has great significance. In the first formulation, we see ourselves as passive viewers of unfolding events. In the second, we see ourselves as active creators of a desired outcome. I think it is time to take charge of our own future rather than accept our future passively. We spend too much time and talent in predicting the future and not enough on imagining the future that we would love to see. And even so, we do not do a very good job in predicting the future. With all our wisdom, all our expertise and all our experience, we repeatedly fail to imagine the amazing changes that history continues to throw our way.
We never foresee even.
Think back to the 1940s. Nobody then predicted that, within fifty years, Europe would become a borderless political entity with a single currency. Nobody predicted that the Berlin Wall will fall even a week before it happened. Nobody predicted that the Soviet Union will disintegrate and so many independent countries will emerge out of it so fast.
On the technology front, we see the same thing. In the sixties, no one predicted that a global network of computers called the internet would soon be taking the whole world by storm. No one predicted that lap-tops, palm-tops, Blackberries, iPods, iPhones, and Kindles would be in the hands of millions of people very soon. Even twenty years ago, no one was predicting that mobile phones would become such an integral part of life in every single village everywhere.
Let us admit it; we could not predict the world of 2010 even from 1990 – a span of only 20 years. Does this give us any credibility in predicting the world of 2030 from today, given the fact that each day the speed of change of the world is getting faster and faster?
If we have to make predictions, there are probably two ways to go about it. One would be to invite the best scientific, technical and economic analysis in the world to make their smartest 20 year projections. Another would be to ask our most brilliant science fiction writers around the world to imagine the world of
2030. If you ask me who has the best chance of coming closer to the reality of 2030, without pausing for a second I would say that the science-fiction writers will be far closer to the reality of 2030 than the expert analysts.
The reason is very simple. Experts are trained to make forecasts on the basis of the past and present, but events in the real world are driven by the dreams of people, not the past and the present.
We can describe the world of 2030 by preparing a wish-list, our dream wish-list. This wish-list will describe the kind of world we would like to create in 2030. That is what we should prepare for.
Dreams are made out of impossibles. We cannot reach the impossibles by using the analytical minds which are trained to deal with hard information which is currently available. These minds are fitted with flashing red lights to warn us about obstacles that we may face. We will have to put our minds in a different mode when we think about our future. We will have to dare to make bold leaps in our minds to make the impossibles possible. As soon as one impossible becomes possible, it shakes up the structure and creates a domino effect, preparing the ground for making many other impossibles possible.
We will have to believe in our wish-list if we hope to make it come true. We will have to create appropriate concepts, institutions, technologies and policies to achieve our goals. We cannot achieve our wish-list by following the old concepts and old institutions. The more impossible the goals look, the more exciting the task becomes.
Fortunately for us, we have entered into an age when dreams have the best chance to come true. We must organise the present to allow an easy entry into the future of our dreams. We must not let our past stand on our way. Past should not be a trap, past should be a foundation to jump into the future.
Let us dream that by 2030, we will create a well-functioning South Asian Union. There will be no visas required, no customs limiting travels among the South Asian countries. There will be a common flag along side our national flags, a common currency, and a large area of common domestic and international policies.
Let us dream that by 2030, we will make South Asia the first poverty-free region in the world. Let us prepare to challenge the world to find one single poor person anywhere in South Asia.
Let us dream that by 2030, South Asia will set up a reliable state-of-the-art healthcare system that will provide affordable healthcare for every single person.
Let us dream that by 2030, we will create a robust financial system to provide easy access to financial services to every single person in South Asia.
Let us dream that by 2030, the first career choice for every child growing up in South Asia will not be to work for some company but to launch his or her own company.
Let us dream that by 2030, we will have a range of creative and effective social businesses working throughout South Asia to solve all our remaining social problems.
Do all these dreams sound impossible? If they do, that means they are likely to come true if we believe in them and work for them. That is what the history of the last fifty years has taught us.
So, let us agree to believe in these dreams of our future, and dedicate ourselves to making these impossible possible.
Thank you very much.
Muhammad Yunus
The 2nd Professor Hiren Mukerjee Memorial Annual Parliamentary Lecture delivered by Professor Muhammad Yunus: "Social Business: A Step toward creating a new economic and social order" on Wednesday, 9th December, 2009 at Central Hall, Parliament House, New Delhi. The inaugural lecture was given by another Nobel laureate, Amartya Sen
Hon. Vice-President of India; Hon. Prime Minister of India, Hon. Speaker of Lok Sabha; Hon. Members of Lok Sabha and Rajya Sabha; Distinguished Ministers; and Ladies and Gentlemen:
When I first got the invitation, I got really scared. I did not believe that I will have an invitation like this to address the Members of Lok Sabha and Rajya Sabha. Then, I felt that I have so many friends here, and so, instead of thinking of them in terms of Members of Lok Sabha and Rajya Sabha, I felt like thinking of them as my friends who have been supporting me all along in my career, all along the way I have worked. The Government of India and the people of India have given me so many prizes and so many decorations; I have occupied so many positions in your Committees. So, I felt totally comfortable coming back here, to share with you the thoughts that I had accumulated over the years, to share the things that I have done or acquired or try to do; and that is the subject matter of my presentation today.
It is a great honour and a privilege for me to deliver the 2nd Professor Hiren Mukerjee Memorial Annual Parliamentary Lecture in honour of the formidable academician and parliamentarian, Professor Hiren Mukerjee. I am very proud to pay my respects to an individual whose commitment to social justice spanned over 60 years, until his death in 2004.
Hiren Babu‘s commitment to the plight of the oppressed and exploited during his entire life has inspired many. His gift of oratory has captivated and enlightened individuals across the political spectrum. Indeed, Hiren Babu‘s faith in the ability of all people, including the poor, to change their own lives for the better.
Professor Hirendra Nath Mukerjee has been one of the 20th century's best examples of the intellectual prowess in South Asia. If our human resources are nurtured and simply given a chance to grow, I am certain we can all change our economic and social situations dramatically. I pay tribute to the memory of this great son of this region who dedicated himself to improving the life of the poor people at the very bottom. Professor Mukerjee tried to address the poverty issue politically. I first got involved with poverty as an academician, and then I got involved personally, almost by accident.
I got involved with poverty because it was all around me. If you recall the famine of 1974 in Bangladesh, that famine pushed me out of the university campus. In disaster situations, most of us take up our social roles unhesitatingly. But in my case what began in a time of crisis became a life-long calling. I gave up my academic position and founded a bank in the process — a bank for the poor people. In 1974, I found it extremely difficult to teach elegant theories of economics in the classroom while a terrible famine was raging outside. Suddenly I felt the emptiness of economic theories in the face of crushing hunger and poverty. I realized that I had to leave the campus and somehow make myself useful to the distressed people of Jobra, the village next door to the university campus. In trying to discover what I could do to help, I learned many things about Jobra, about the people, and about their helplessness. I came face to face with the struggle of poor people to find the tiniest amounts of money needed to support their efforts to eke out a living. I was shocked to meet a woman who had borrowed just five taka from a money-lender. The condition of the loan was, she would have to sell all her products to him at a price he would decide. A five-taka loan transformed her into a virtual slave. To understand the scope of this money-lending practice in that village, I made a list of the people who had borrowed from the money-lenders. When my list was complete, I had 42 names in the list. These people had borrowed a total of taka 856 from the money-lenders. To free these 42 people from the clutches of the money lenders, I gave them the money from my pocket to repay the loans. The excitement that was created in the village by this small action touched me very deeply. I thought, "If this little action makes so many people so happy, why shouldn't I do more of this?" That's what I have been trying to do ever since. The first thing I did was to try to persuade the bank located in the university campus to lend money to the poor in the next door village. But the bank manager refused to do that. He said, "The poor do not qualify to take loans from the bank — they are not creditworthy". I argued with him about this for several months and also his senior officials in the banking hierarchy tried to persuade him but no result.
So I offered to become a guarantor for loans to the poor people. The bank agreed to accept this proposal. By the middle of 1976, I started giving out loans to the village poor, taking personal responsibility for their repayment. I came up with some ideas for making it easier for people to repay the money they had borrowed. These ideas worked. People paid back the loans on time, every time. It seems to me that lending money to the poor was not as difficult as it was imagined. But I kept confronting difficulties in trying to expand the programme through the existing banks. Finally, I decided to create a separate bank for the poor people. I succeeded in creating that bank in 1983. We called it Grameen Bank. Today, Grameen Bank is a nationwide bank serving the poor in every single village of Bangladesh. It has 8 million borrowers, 97 per cent of whom are women. The bank is owned by the borrowers. The members of the Board are elected by the borrowers as shareholders. Grameen Bank lends out over $100 million a month in collateral-free loans averaging about $200. It encourages children of Grameen families to go to school. The women and the borrowers are totally illiterate. But we wanted to make sure that children go to school and we succeeded in having all their children to go to school. Then we offered education loans when these children came to college level and university level so that they are not turned down because they come from poor families. So, the Grameen Bank keeps on giving loans to support all the cost of education for all the children who come to the college level. Right now, there are more than 42,000 students who are currently pursuing their education in medical schools, engineering schools, and universities, entirely financed by education loans from Grameen Bank. Some of them have completed their Ph.D. and we feel good that the new generation is emerging among the illiterate poor women. We encourage these young people to take a pledge that they will never enter job market as job seekers and we encourage them to believe that they are job-givers and not job seekers. We explain to them that their mothers own a big bank - Grameen Bank. It has plenty of money to finance any enterprise that they wish to float. So, why should they waste time looking for a job working for somebody else? Instead, they should be an employer, rather than an employee.
Grameen Bank is financially self-reliant. All of its funds come from the deposits that it mobilizes. Everywhere they open their branches. More than half of the deposits come from the borrowers themselves, who are required to open a bank account as soon as they join Grameen Bank to save a little bit of money every week. They have a collective savings balance of over half a billion US dollars right now. The repayment rate on loan is very high, about 98 per cent, despite the fact that Grameen Bank focuses on the poorest people – those that other banks called non-creditworthy. I raised the question whether banks should tell whether people are creditworthy or not or people should tell whether the banks are people-worthy.
Grameen Bank even gives loans to beggars. They use the loans to start the business of selling goods from door to door, rather than begging door to door. Beggars liked the idea. We introduced this programme four years back and now we have over 100,000 beggars in this programme. During the four years since this programme was launched, over 18,000 beggars have quit begging completely. They became self-reliant sales persons. When people ask what happened to others, I tell them that they are part-time beggars now because they are mixing begging and selling at the same time and gradually trying to build their way out of begging completely.
The idea of small, collateral-free loans for poor women, known as "microcredit", or "microfinance", has spread all around the world. There are now Grameen-type programmes in almost every single country in the world. We even run a programme named "Grameen America" in New York City. It is now branching out to Omaha, Nebraska, and San Francisco, California. Even in the richest country in the world with the most sophisticated banking system, there is a huge need for a bank dedicated to serving the poor because there are millions of people who cannot receive any financial service from their banks even in United States and also countries in Europe.
When I meet Grameen Bank borrowers, I often meet mother-daughter and mother-son pairs when I visit their homes in which the mother is totally illiterate, while the daughter or son is a medical doctor or an engineer. A thought always flashes through my mind: the mother could have been a doctor or an engineer too. She has the same capability as her daughter or son. The only reason she could not unleash her potential is that the society never gave her the chance. She could not even go to school to learn the alphabet.
The more time you spend among poor people, the more you become totally convinced that poverty is not created by poor people. It is created by the system that we have built, the institutions that we have designed, the concepts we have formulated. Poverty is an artificial, external imposition on a human being, it is not innate in a human being. And since it is external, it can be removed. It is all a question of doing it.
Poverty is created by deficiencies in the institutions that we have built. For example, financial institutions. Financial Institutions refuse to provide financial services to nearly two-thirds of the world‘s population. For generations, they claimed that it could not be done, and everybody accepted that explanation. This allowed loan sharks to thrive all over the world. Grameen Bank questioned this assumption and demonstrated that lending money to the poorest in a sustainable way is possible. Now it is demonstrated that it works better than those banks because in the financial crisis we have seen how other banks are crumbling and how microfinance is thriving. We have no problems whatsoever.
During the current financial crisis, the falsity of the old assumption became even more visible. While big conventional banks with all their big collateral were collapsing, micro-credit programmes which do not depend on collateral, continued to be as strong as ever. Will this demonstration make the mainstream financial institutions change their minds? Will they finally open their doors to the poor people? I leave this question to you.
I am quite serious about this question because when a crisis is at its deepest, it can offer a huge opportunity. When things fall apart, that creates the opportunity to redesign, recast and rebuild. We should not miss this opportunity to redesign our financial institutions. When we are in a financial crisis, let us convert them into inclusive institutions. Nobody should be refused access to financial services. Because these services are so vital for self-realization of human beings, I strongly feel that credit should be given the status of a human right.
Every human being is born into this world fully equipped not only to take care of himself or herself, but also to contribute to the well being of the world as a whole. Some get the chance to explore their potential, but many others never get the chance to unwrap the wonderful gifts they are carrying with them. They die with those gifts unexplored, unwrapped and the world remains deprived of their contribution.
Grameen has given me an unshakeable faith in the creativity of human beings and the firm belief that human beings are not born to suffer the misery of hunger and poverty.
We can create a poverty-free world if we collectively believe in it – a world in which the only place you would be able to see poverty is in poverty museums. Some day, school children will be taken to visit these poverty museums. They will be horrified to see the misery and indignity that some human beings had to go through. They will blame their ancestors for tolerating this inhuman condition for so long.
To me, poor people are like bonsai trees. When you plant the best seed from the tallest tree in a tiny flower-pot, you get a replica of the tallest tree, only inches tall. There is nothing wrong with the seed you planted, only the soil-base that you gave it is totally inadequate. Poor people are bonsai people. There is nothing wrong with their seeds, but society never gave them the proper base to grow on. All it takes to get poor people out of poverty is for us to create an enabling environment for them. Once the poor can unleash their energy and creativity, poverty will disappear very quickly.
Let me return to the current financial crisis. Unfortunately, the media coverage gives the impression that, once we fix this financial crisis, all our troubles will be over. We forget that the financial crisis is only one of several crises that are threatening humankind. We are also suffering a global food crisis, an energy crisis, an environmental crisis, a health care crisis, and the continuing social and economic crisis of poverty. These crises are as important as the financial crisis, although they have not received as much attention as the financial crisis.
Furthermore, the media coverage may give the impression that these are disconnected crises that are taking place simultaneously, just by accident. That‘s not true at all. In fact, these crises grow from the same root and I think it is a fundamental flaw in our theoretical construct of capitalism.
The biggest flaw in our existing theory of capitalism lies in its misrepresentation of human beings. In the present interpretation of capitalism, human beings engaged in business are portrayed as one-dimensional beings whose only mission is to maximize profit. This is a much distorted picture of a real human being. Human beings are not money-making robots. The essential fact about human beings is that they are multi-dimensional beings. Their happiness comes from many different sources, not just from making money.
Yet economic theory has built the whole theory of business on the assumption that human beings do nothing in their economic lives other than pursue their self interests of making money. The theory concludes that the optimal result for society will occur when each individual‘s search for selfish benefit is given free rein. This interpretation of human beings denies the role to other aspects of life –political, social, emotional, spiritual, environmental, etc.
No doubt human beings are selfish beings but we must not forget that human beings are selfless beings too. Yet this selfless dimension of human beings has no role in economics. This distorted view of human nature is the fatal flaw that makes our economic thinking incomplete and inaccurate. Over time, it has helped to create the multiple crises we face today.
Once we recognise this flaw in our theoretical structure, the solution is obvious. We can easily replace the one-dimensional person in economic theory with a multi-dimensional person – a person who has both selfish and selfless interests at the same time.
Immediately our picture of the business world changes completely. We now see the need for two kinds of businesses, one for personal gain, that is, profit maximization, another dedicated to helping others. In one kind of business, the objective is to maximise economic gains for the owners, even if this leaves nothing for others, while in the second kind of business, everything is for the benefit of others and nothing is for the owners – except the pleasure of serving humanity.
Let us call this second type of business, which is built on the selfless part of human nature, as "social business". This is what our economic theory has been lacking.
A social business is a business where an investor aims to help others without taking any financial gain whatsoever. At the same time, the social business generates enough income to cover its own costs. Any surplus is invested in expansion of the business or for increased benefits to society. The social business is a non-loss, non-dividend company dedicated entirely to achieving a social goal.
Will anybody in the real world be interested in creating businesses with selfless objectives? Where would the money for social business come from? I am always asked this question.
Judging by the real human beings I know, many people will be delighted to create businesses for selfless purposes. Some have already created such businesses. I will give briefs on some of them a little later.
Regarding the source of fund, one source can easily be the philanthropy money going for creating social businesses. This makes enormous sense. One problem with charity programmes is that they remain perpetually dependent on donations. They cannot stand on their own two feet. Charity money goes out to do good things, but that money never comes back. It is a one-way route. But if a charity programme can be converted into a social business that supports itself, it becomes a powerful undertaking. Now, the money invested is recycled endlessly. A charity taka has one life, but a social business taka has endless life. That is the power of social business.
Besides philanthropists, many other people will invest in social businesses just to share the joy of making a difference in other people‘s lives. People will give not only money for social business but also they will bring their own creativity, networking skills, technological prowess, life experience, and other resources to create social businesses that can change the world.
Once our economic theory adjusts to the multi-dimensional reality of human nature, students will learn in their schools and colleges that there are two kinds of businesses in the world – traditional money-making businesses and social businesses. As they grow up, they will think about what kind of company they will invest in and what kind of company they will work for. And many young people who dream of a better world will think about what kind of social business they would like to create. Young people, when they are still in schools, may start designing social businesses, and even launch social businesses individually or collectively to express their creative talents in changing the world.
Like any good idea, the concept of social business needs practical demonstration. So, I have started creating social businesses in Bangladesh.
Some of them are created in partnership with large multi-national companies. The first such joint venture with a multi-national company was created in 2005, in partnership with the French dairy company, called Danone. The Grameen-Danone social business is aimed at reducing malnutrition among the children of Bangladesh. Just about fifty per cent of Bangladesh‘s children suffer from malnutrition. The Grameen-Danone Company produces a delicious yogurt for children and sells it at a price affordable to the poor. This yogurt is fortified with all the micro-nutrients which are missing in the children‘s ordinary diet. We put vitamins, iron, zinc, iodine, etc. into the yogurt. If a child eats two cups of yogurt a week over a period of eight to nine months, the child gets back all the micro-nutrients he or she needs and becomes a healthy, playful child.
As a social business, Grameen-Danone follows the basic principle that it must be self-sustaining, and the owners must remain committed never to take any dividend beyond the return of the original amount they invested. The success of the company will be judged each year not by the amount of profit generated by the company, but by the number of children getting out of malnutrition every year.
Many other big companies are now approaching us to create social businesses jointly with us. They want to create joint ventures with Grameen because they want to make sure that social business they do, it is done in the right way. Once they become experienced in social businesses, they will take the concept wherever the need exists.
We have a joint-venture social business with Veolia, a large French water company. Bangladesh has a serious arsenic problem in our world. Almost half of the people of Bangladesh drink arsenic-contaminated water, meaning literally drinking poison everyday. The Grameen-Veolia Water Company was created to bring safe drinking water in the villages of Bangladesh where arsenic contamination of water is a huge problem. Villagers are buying water from the company at an affordable price instead of drinking contaminated water.
BASF is a chemical company of Germany that has signed a joint-venture agreement to produce chemically treated mosquito-nets in Bangladesh as a social business. The BASF-Grameen joint-venture company will produce and sell these mosquito-nets as cheaply as possible to make it affordable to the poorest people. The company will have to be self-sustaining, but there is no intention of BASF taking any profit or Grameen taking any profit out of the company beyond the amount invested.
Our joint-venture social business with Intel Corporation of the USA, Grameen-Intel, aims at using information and communication technology to help solve the problems of the rural poor- for example, by providing health care in the villages by using IT.
Our joint-venture with Adidas, a big shoe and sports company in Germany, aims at producing shoes for the lowest income people at an affordable price. The goal of the Grameen-Adidas company is to make sure that no one, child or adult, in Bangladesh goes without shoes. This is a health intervention to make sure that people in the rural areas, particularly children, do not have to suffer from the parasitic diseases that can be transmitted by walking barefoot.
Grameen-Otto is about to set up a garment factory as a social business in collaboration with Otto, a large chain store and mail-order company in Germany. Profit of the company will be used for the improvement of the quality of lives of the employees, their children and their family members and the poor of the neighbourhood.
As these examples show, social business is not just a pleasant idea. It is a reality, one that is already beginning to make positive changes in people‘s lives.
Many more social businesses are on the way. One attractive area of social businesses will be in creating jobs in special locations or for particularly disadvantaged people. Since a social business company operates free from the pressure of earning profit for the owners, the scope of investment opportunities is much greater than with profit-maximizing companies. Profit-maximizing companies need to be assured of a certain minimum level of return on their investment before they will invest and create jobs. A social business does not need to fulfil such a condition. It can easily invest below that level and go down even to near-zero profit level, and, in the process open up some opportunities for creating jobs for many people which is an exciting area of social business for job creation.
Another area of social business is in afforestation. Forests are being denuded all around the world by individuals, greedy businesses and, in some cases, by Government officials who are paid by the tax-payers to protect the forests. They become the instrument in denuding the forests. This is having a documented negative impact on climate change. Planting trees across huge tracts of land could be an excellent area for social business. This opportunity, we cannot afford to ignore for saving our planet.
Healthcare is another highly potential area for social business. Public delivery of healthcare in most cases is inefficient and often fails to reach the people who need the healthcare the most. Private healthcare caters to the needs of the high-income people. The big empty space between the two can be filled by social businesses.
In Bangladesh, Grameen Healthcare Company is trying to create social businesses to fill this gap in the healthcare system. We are trying to develop a prototype of health management centres in the villages to keep healthy people healthy by concentrating on prevention and offering diagnostic and health check-up services and offering health insurance programmes, etc. We are making efforts to take advantage of the universal availability of mobile phones. We are in the process of working with the leading manufacturers to design diagnostic equipment that can transmit images and data in real time to city-based health experts through the mobile phones.
Grameen Healthcare is in the process of setting up of a series of Nursing Colleges as social business to train girls from Grameen Bank families as nurses.
Bangladesh has an enormous shortage of nursing professionals. The global shortage of nurses is also quite enormous. There is no reason why a vast number of young girls should be sitting around in the villages, getting married and have children while these attractive job opportunities are going unfilled.
Grameen Healthcare is also planning to set up secondary and tertiary health services, all designed as social businesses. To train a new generation of doctors to staff our social business healthcare facilities, Grameen Healthcare wants to set up a University of Health Sciences and Technology.
Many other segments of healthcare are appropriate for building successful social businesses—nutrition, water — which I mentioned — health insurance, health education and training, eye-care, mother-care and child-care, diagnostic services, etc. It will take time to develop the prototypes. But once creative minds come up with the design for a social business and a prototype is developed successfully, it can be replicated endlessly.
Designing each small social business is like developing a seed. Once the seed is developed, anybody can plant it wherever it is needed. Since each unit is self-sustaining, funding does not become a big obstacle.
The world today is in possession of amazingly powerful technology. That technology is growing very fast, becoming more powerful every day. Almost all of this technology is owned and controlled by profit-making businesses. All they use this technology for is to make more money for themselves, because that is the mandate given to them by their shareholders. Imagine what we can achieve if we use the same technology to solve the problems of the people!
Technology is a kind of a vehicle. One can drive this to any destination one wants. Since the present owners of technology want to travel to the peaks of profit-making, technology takes them there. If somebody else decides to use the existing technology to end poverty, it will take the owner in that direction. If another owner wants to use it to end diseases, technology will go there. The choice is ours. Present theoretical framework does not give this choice. Inclusion of social business creates this choice.
One more point. There will be no need to make an either/or choice. Using technology for one purpose does not make it less effective for serving a different purpose. Actually, it is the other way round. The more diverse use we make of technology, the more powerful the technology becomes. Using technology for solving social problems will not reduce its effectiveness for money-making use, but rather enhance it.
The owners of social businesses can direct the power of technology to solve our growing list of social and economic problems, and get quick results.
Once the concept of social business becomes widely known, creative people will come forward with attractive designs for social businesses. Young people will develop business plans to address the most difficult social problems they see around them. The good ideas will need to be funded. I am happy to say there are already initiatives in Europe and Japan to create Social Business Funds to provide equity and loan support to social businesses.
In time, more sources of funding will be needed. Each level of government – international, national, state and city – can create Social Business Funds to encourage citizens and companies to create social businesses designed to address specific social problems such as unemployment, health, sanitation, pollution, old age, drug, crime, disadvantaged groups – the disabled, etc. Bilateral and multilateral donors can create Social Business Funds. Foundations can earmark a percentage of their funds to support social businesses. Businesses can use their social responsibility budgets to fund social businesses.
We will soon need to create a separate stock market for social businesses to make it easy for small investors to invest in social businesses. Only social businesses will be listed in this Social Stock Market. Investors will know right from the beginning that they will never receive any dividends when they invest in
Social Stock Market. Their motivation will be to enjoy the pride and pleasure of helping to solve difficult social problems around them.
Social business gives everybody the opportunity to participate in creating the kind of world that we all want to see. Thanks to the concept of social business, citizens do not have to leave all problems on the shoulders of the government and then spend their life time criticizing the government for failing to solve them. Now citizens have a completely new space in which to mobilize their creativity and talent for solving the problems themselves. Seeing the effectiveness of social business, governments may decide to create their own social businesses or partner with citizen-run social businesses and/or incorporate the lessons from the social businesses to improve the effectiveness of their own programmes.
Governments will have an important role to play in the promotion of social business. They will need to pass legislation to give legal recognition to social business and create regulatory bodies to ensure transparency, integrity and honesty. They can also provide tax incentives for investing in social businesses as well as for social businesses themselves.
The wonderful promise of social business makes it all the more important that we redefine and broaden our present economic framework. We need a new way of thinking about economics that is not prone to creating series of crises; instead, it should be capable of ending the crises once for all. Now is the time for bold and creative thinking and we need to move fast, because the world is changing very fast. The first piece of this new framework must be to accommodate social business as an integral part of the economic structure.
In this context, let me raise another question.
What will be world be like twenty years or fifty years from now? More specifically, what will South Asia be like? It is fascinating to speculate about this. But I think an even more important question is: What do we want the world and specifically South Asia to be like twenty years or fifty years from today?
The difference from the two questions has great significance. In the first formulation, we see ourselves as passive viewers of unfolding events. In the second, we see ourselves as active creators of a desired outcome. I think it is time to take charge of our own future rather than accept our future passively. We spend too much time and talent in predicting the future and not enough on imagining the future that we would love to see. And even so, we do not do a very good job in predicting the future. With all our wisdom, all our expertise and all our experience, we repeatedly fail to imagine the amazing changes that history continues to throw our way.
We never foresee even.
Think back to the 1940s. Nobody then predicted that, within fifty years, Europe would become a borderless political entity with a single currency. Nobody predicted that the Berlin Wall will fall even a week before it happened. Nobody predicted that the Soviet Union will disintegrate and so many independent countries will emerge out of it so fast.
On the technology front, we see the same thing. In the sixties, no one predicted that a global network of computers called the internet would soon be taking the whole world by storm. No one predicted that lap-tops, palm-tops, Blackberries, iPods, iPhones, and Kindles would be in the hands of millions of people very soon. Even twenty years ago, no one was predicting that mobile phones would become such an integral part of life in every single village everywhere.
Let us admit it; we could not predict the world of 2010 even from 1990 – a span of only 20 years. Does this give us any credibility in predicting the world of 2030 from today, given the fact that each day the speed of change of the world is getting faster and faster?
If we have to make predictions, there are probably two ways to go about it. One would be to invite the best scientific, technical and economic analysis in the world to make their smartest 20 year projections. Another would be to ask our most brilliant science fiction writers around the world to imagine the world of
2030. If you ask me who has the best chance of coming closer to the reality of 2030, without pausing for a second I would say that the science-fiction writers will be far closer to the reality of 2030 than the expert analysts.
The reason is very simple. Experts are trained to make forecasts on the basis of the past and present, but events in the real world are driven by the dreams of people, not the past and the present.
We can describe the world of 2030 by preparing a wish-list, our dream wish-list. This wish-list will describe the kind of world we would like to create in 2030. That is what we should prepare for.
Dreams are made out of impossibles. We cannot reach the impossibles by using the analytical minds which are trained to deal with hard information which is currently available. These minds are fitted with flashing red lights to warn us about obstacles that we may face. We will have to put our minds in a different mode when we think about our future. We will have to dare to make bold leaps in our minds to make the impossibles possible. As soon as one impossible becomes possible, it shakes up the structure and creates a domino effect, preparing the ground for making many other impossibles possible.
We will have to believe in our wish-list if we hope to make it come true. We will have to create appropriate concepts, institutions, technologies and policies to achieve our goals. We cannot achieve our wish-list by following the old concepts and old institutions. The more impossible the goals look, the more exciting the task becomes.
Fortunately for us, we have entered into an age when dreams have the best chance to come true. We must organise the present to allow an easy entry into the future of our dreams. We must not let our past stand on our way. Past should not be a trap, past should be a foundation to jump into the future.
Let us dream that by 2030, we will create a well-functioning South Asian Union. There will be no visas required, no customs limiting travels among the South Asian countries. There will be a common flag along side our national flags, a common currency, and a large area of common domestic and international policies.
Let us dream that by 2030, we will make South Asia the first poverty-free region in the world. Let us prepare to challenge the world to find one single poor person anywhere in South Asia.
Let us dream that by 2030, South Asia will set up a reliable state-of-the-art healthcare system that will provide affordable healthcare for every single person.
Let us dream that by 2030, we will create a robust financial system to provide easy access to financial services to every single person in South Asia.
Let us dream that by 2030, the first career choice for every child growing up in South Asia will not be to work for some company but to launch his or her own company.
Let us dream that by 2030, we will have a range of creative and effective social businesses working throughout South Asia to solve all our remaining social problems.
Do all these dreams sound impossible? If they do, that means they are likely to come true if we believe in them and work for them. That is what the history of the last fifty years has taught us.
So, let us agree to believe in these dreams of our future, and dedicate ourselves to making these impossible possible.
Thank you very much.
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