Our Chairman and Co-Founder, Prof. Muhammad Yunus offers his vision of an emerging new economic system in his new book ‘A World of Three Zeros: The New Economics of Zero Poverty, Zero Unemployment, and Zero Net Carbon Emissions’. Yunus created microcredit, invented social business, and earned a Nobel Peace Prize for his work in alleviating poverty. Now he declares it's time to admit that the capitalist engine is broken - that in its current form it inevitably leads to rampant inequality, massive unemployment, and environmental destruction. We need a new economic system that unleashes altruism as a creative force just as powerful as self-interest.
At YSB, we are really excited to have some of our businesses such as Golden Bees feature in the new book, showing how the concept of social business can be realised in our shared vision for A World of Three Zeros.
In his book, Yunus explains how thousands of people and organisations have already embraced this vision of a new form of capitalism, launching innovative social businesses designed to serve human needs rather than accumulate wealth. They are bringing solar energy to millions of homes in Bangladesh; turning thousands of unemployed young people into entrepreneurs through equity investments; financing female-owned businesses in cities across the United States; bringing mobility, shelter, and other services to the rural poor in France; and creating a global support network to help young entrepreneurs launch their start-ups.
In A World of Three Zeros, Yunus describes the new civilization emerging from the economic experiments his work has helped to inspire. He explains how global companies like McCain, Renault, Essilor, and Danone got involved with this new economic model through their own social action groups, describes the ingenious new financial tools now funding social businesses, and sketches the legal and regulatory changes needed to jump start the next wave of socially driven innovations. And he invites young people, business and political leaders, and ordinary citizens to join the movement and help create the better world we all dream of.
'A World of Three Zeros' is available now from all good bookshops.
Reckitt and YSB are working together to deliver the Accelerator in South Africa and Brazil, focusing on scaling innovative solutions that enable access to Water, Sanitation, and Hygiene (WASH). Get to know the accelerator's approach, design, and targeted impact by reading this article.
Taking effect on January 1, 2023, the Lieferkettensorgfaltspflichtengesetz or LkSG is a likely anchor for corporate new year’s resolutions. The introduction of the LkSG marks the first time that the responsibility of respecting human rights in global supply chains has been put on the legal shoulders of German enterprises and has the potential to influence similar legislation in other jurisdictions around the globe.
This year, we turn 10 years old! We are taking this opportunity to highlight and celebrate the inspiring partners in our community, reflect on the valuable lessons we've learned along the way and look forward to designing the next decade.