Posted on 10/13/2006 2:23:11 AM PDT by HAL9000
Excerpt -
The Nobel Peace Prize goes to Muhammad Yunus and Grameen Bank "for their efforts to create economic and social development from below".
(Excerpt) Read more at nobelprize.org ...
The Nobel Peace Prize for 2006
The Norwegian Nobel Committee has decided to award the Nobel Peace Prize for 2006, divided into two equal parts, to Muhammad Yunus and Grameen Bank for their efforts to create economic and social development from below. Lasting peace can not be achieved unless large population groups find ways in which to break out of poverty. Micro-credit is one such means. Development from below also serves to advance democracy and human rights.
Muhammad Yunus has shown himself to be a leader who has managed to translate visions into practical action for the benefit of millions of people, not only in Bangladesh, but also in many other countries. Loans to poor people without any financial security had appeared to be an impossible idea. From modest beginnings three decades ago, Yunus has, first and foremost through Grameen Bank, developed micro-credit into an ever more important instrument in the struggle against poverty. Grameen Bank has been a source of ideas and models for the many institutions in the field of micro-credit that have sprung up around the world.
Every single individual on earth has both the potential and the right to live a decent life. Across cultures and civilizations, Yunus and Grameen Bank have shown that even the poorest of the poor can work to bring about their own development.
Micro-credit has proved to be an important liberating force in societies where women in particular have to struggle against repressive social and economic conditions. Economic growth and political democracy can not achieve their full potential unless the female half of humanity participates on an equal footing with the male.
Yunus's long-term vision is to eliminate poverty in the world. That vision can not be realised by means of micro-credit alone. But Muhammad Yunus and Grameen Bank have shown that, in the continuing efforts to achieve it, micro-credit must play a major part.
Oslo, 13 October 2006
CINDY CINDY ?
Without the rule of law and private property rights nothing but poverty will follow.
I am shocked, just shocked, that Cindy Sheehan did not win this award. This is bad day for liberals, traitors, media whores and Bush haters.
Who's Cindy?
Hmmmm....
No mention of the usual anti-American activities that have been de rigeur for NPP winners over the past decade or so...
Either it's an off-year for the Nobel Committee, or there's more to this story than we're hearing...
"I am shocked, just shocked, that Cindy Sheehan did not win this award. "
For real! You'd think her "get the troops out of NOLA now!" statement during the aftermath of Katrina would have pushed the Nobel "decision makers" over the edge what with their hatred of the US military and Bush.
Something only the Left can do well enough to win a Nobel for it.
Very well deserved. This is an implicit rebuke of the whole IMF/WorldBank/Bono failed concept of top-down aid that treats human beings like supplicants and invalids incapable of improving their own lot in life. Grameen is showing a much better and more successful way to deliver propserity and dignity by empowering people to help themselves.
The biggest step in eliminating poverty around the world would be to eliminate islam.
Shouldn't this title read,
Peace prize goes to Capitalism and free market. ?
It's still a bit early...or am I just missing something? ;-)
below what?
Not quite. Of the "16 Decisions" agreed to by borrowers, pay particular attention to numbers 15 and 16. I would label it collectivism.
Odd press release. They talk about microcredit without ever defining what it is. I read the entire release and have no idea what any of this is about.
This sounds like a great idea for growth in field of collections.
Heaven forbid anyone should follow the American model.
Pore ole slickster, he so wanted that prize.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.