Businesses should not be greed-driven

BANGKOK (UNB): Highlighting the risks of wealth and power concentration, Chief Adviser Prof Muhammad Yunus on Thursday said a society collapses sooner or later if wealth and power concentration happens in it.
"Unless wealth is shared, you cannot sustain a society," he said while delivering his keynote speech at the BIMSTEC Young Gen Forum, a forum that inspired young entrepreneurs.
Dr Yunus, who created microcredit, invented social business, and earned a Nobel Peace Prize for his work in alleviating poverty, is now paying a two-day visit here to attend the BIMSTEC Summit.
Thailand is hosting the 6th Summit of the Bay of Bengal Initiative for Multi- Sectoral Technical and Economic Cooperation (BIMSTEC) and Bangladesh will take responsibility as the next chair of BIMSTEC today (Friday).
Thailand has taken over the BIMSTEC Chairmanship from Sri Lanka since 30 March 2022.
Talking about the new civilisation, Dr Yunus said businesses should not be greed driven and that is the first condition of the new civilisation.
"Greed will destroy us. Why? Because whatever all the things that we talk about, we promise the government to see this is what we're doing. Our country is moving forward. Our GDP is growing and all that - growth rate is so high. So what? This gets concentrated in a few hands. They become richer and richer, and we call it development.