I like knowing about people who come up with wonderful ideas of how to re-distribute wealth. It's not a matter of stealing from the rich to feed the poor, its a matter of re-channeling money and ideas to help set people up on their feet.
There is an article in FORTUNE magazine now about Mohammad Yunus, Nobel Peace Prize Winner, who is talking to major international companies about changing their traditional notions about performance and revenue -- what if a company could report on their financial statements how many lives were saved or improved by their product ? What if investors could make their decisions to buy stock based not just on yield and growth, but on the "social capital" of a company ? a social dividend for shareholders?
Danone is building a yoghurt factory in Bangladesh (at Mr. Yunus' suggestion). This provides local construction jobs, yoghurt making jobs, sales jobs, dairy cow sales, delivery service jobs.... etc etc... the idea is that it will eventually be a sustainable business run by the local people and that Danone will eventually see the return of its initial investment -- so it actually wont cost Danone anything in the end. This one small factory will provide income for 1600 people.
In addition, the yoghurt is fortified to fight malnutrition in children.
Thursday, February 15, 2007
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