In 1983, I founded Grameen Bank to provide small loans that people, especially poor women, could use to bring themselves out of poverty. At that time, I never imagined that one day microcredit would give rise to its own breed of loan sharks.
So said Nobel Peace Prize winner Muhammad Yunus in yesterday’s edition of The New York Times.
Like Major Strasser, he is shocked to discover that this is exactly what has happened. Capitalism, it seems, is not charity, despite the dishonest (or negligently naive) assurances of deluded creeps like Yunus and the Nobel clown committee.