Business and Technology Archives

Panelist Question  |  February 25, 2007 11:15 AM

Budget Surplus With Poverty?

South Africa is enjoying the first budget surplus in a generation, and the first ever in recorded African history. Should a county have a budget surplus and low budget deficits, low inflation, no debts etc. in a country where you have 25% unemployment and lots of poverty? It's good to have a country's book's balance, but what if a majority is without food. What about the U.S. case where there are large deficits but people relatively well-off?

Guest Voice  |  January 24, 2008 3:57 PM

Creative Capitalism? No Thanks, Bill

By Pranay Gupte

"Creative capitalism" was the phrase Bill Gates coined today at the World Economic Forum’s annual meeting in Davos. As if the vast body of literature on economic development didn't already overflow with warm, fuzzy concepts for growth in the 135 countries of what used to be called the Third World. As if catchy but mystifying phrases such as "sustainable human development" (is there "sustainable canine development"?) didn't already clog the playbooks of povertycrats.

"We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well," the Microsoft founder, and one of the world's wealthiest people, said. "If we can spend the early decades of the 21st century finding approaches that meet the needs of the poor in ways that generate profits for business, we will have found a sustainable way to reduce poverty in the world."

He added: "In the coming decades, we will have astonishing new abilities to diagnose illness, heal disease, educate the world's children, create opportunities for the poor, and harness the world's brightest minds to solve our most difficult problems."

Wait a minute. Haven't we heard all this before?

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Guest Voice  |  January 25, 2008 1:23 PM

VIDEO: Interview Excerpts with Muhammad Yunus

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Interview with Muhammad Yunus (Excerpts)
Managing Director, Grameen Bank
January 23, 2008

This interview was conducted and originally published by View the full interview here.

Capitalism’s Strengths and Weaknesses

“I criticized capitalism for what is lacking in it, but I’m not saying that abundant capitalism . . . There is an alternative here. That’s not what I said. I said capitalism can be improved. I am not asked in my argument that you closed on something as a profit maximizing business, or philanthropy, or free market. I said everything is very positive, but some things missing in the whole structure; and that missing piece has to be installed. That way capitalism will be complete, and it can be a balanced theory fitting to the human nature. And it will address all the problems which is left behind by the incomplete capitalism. So I’m kind of moving from incomplete capitalism to the complete capitalism, or towards completion. Maybe there are other pieces missing. Other people will find it out. But I’m saying a big piece missing because of which we created a lot of problems. We created problems. Not only we created, we don’t have the ability to solve them. So if we complete the capitalism, at least to this stage – the second stage of completion – I will say we will not ___________ them. And existing ones can be addressed and removed.”

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Guest Voice  |  May 27, 2008 11:20 AM

The Other Arab Bloggers

By Nicholas Noe & Maha Taki

Since 2005, both the Western and Arab press have written hundreds of articles about the democratizing effect that weblogs, Facebook, Youtube and other social networking sites can have in the Arab world.

This enthusiasm is a direct consequence of Arab world’s general disgruntlement towards the state of the mainstream media since it continues to be state-controlled, censored and/or heavily divided amongst political ideologies.

The Internet, of course, is deemed to be democratizing (in sharp contrast to the Arab media) because it is a bottom-up form of communication where everyone's voice is heard, free from the gate- keeping process. Moreover, it can often escape the boundaries and ideologies of the dominant social, cultural and political milieus such that voices not often reported are brought to the fore - religious minorities, homosexuals, the 'opposition' etc.

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Guest Voice  |  October 15, 2008 11:58 AM

Gordon Brown's About-Face

There is a supreme sense of irony in Gordon Brown turning up to the meeting of Eurozone leaders on Sunday to convince them to intervene in their banking systems and save the world from financial collapse. Britain's prime minister has spent almost 10 years lecturing the Europeans on the benefits of markets and the need to de-regulate their economies. He has constantly harangued skeptical politicians from continental Europe that the U.S. Anglo-Saxon model of liberalized markets was the right one to follow.

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Panelist View  |  May 22, 2009 11:57 AM

A Failing Business, But A Still-Admired Model

The Current Discussion: American newspapers are in dire financial straits. How are newspapers faring where you are? Are you concerned about the future of journalism in America or in your own country? What does that future look like?

Even before the current international financial crisis, newspapers in the Arab world were struggling to survive and remain somewhat relevant in the face of diminishing financial resources, shrinking advertisement, and reduced distribution. The plight of the print media in the Arab world has been exacerbated by the incredible proliferation of satellite television, the growing penetration of the Internet, and the recent expansion of the blogosphere. Today most Arabs, like most Americans, unfortunately get their news from television and other new media.

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PostGlobal is an interactive conversation on global issues moderated by Newsweek International Editor Fareed Zakaria and David Ignatius of The Washington Post. It is produced jointly by Newsweek and, as is On Faith, a conversation on religion. Please send us your comments, questions and suggestions.