Grameen Social Business Model Book Reviews

Grameen Social Business Model by Rashidul Bari Book Summary

Muhammad Yunus is that rare phenomenon, wrote Rashidul Bari, A Nobel Peace Prize-winning economist famous for his two theoriesmicrocredit and social businessand famous for his successful practical work through Grameen Bank that has already helped millions of poor women break the cycle of poverty.

Rashidul Bari, as a writer, is not new to the subjects of Yunus, microcredit, and social business. As a fellow Bangladeshi, he has written extensively in English and Bengali about Yunus in books, poems, and songs; in magazines and newspapers; and in films. In fact, Bari serves as the Bangladeshi James Boswell to Muhammad Yunus Samuel Johnson. Baris new book, Social Business; A Manifesto for Proletariat Revolution, is a long-awaited, fascinating, clearly and movingly written text in which he not only criticizes Prime Minister Hasina for unleashing her hate mongering to destroy Grameen Bank, but he also explains how microcredit, social business, and Grameen could be used as a weapon in the global battle against poverty, which kills 22,000 people every day. The book is approximately 52,000 words in length with 3 photo albums. It divided into 25 chapters. These chapters explain what Bari has witnessed and learned from Yunus and GB, to emphasize the power and promise of SB.

Part I: Chapter one presents observable, empirical, and measurable evidence of poverty as the biggest challenge of the 21st century. Chapter 2 uses the narrative method to describe the history of poverty. Concern about poverty has a long tradition, as according to the Bible the poor will always be with us. Rejecting this old notion, Yunus plans to make poverty an artifact in a museum by 2030. Chapter 3 applies the rational choice theory to the concept of social business. Chapter 4 uses the monetary poverty threshold, a concept developed by the World Bank, to measure extreme and moderate poverty, and the Gini coefficient developed by Italian mathematician Corrado Gini to measure relative poverty. Chapter 5, with 13 subdivisions, applies correlation studies to identify the causes of poverty and to illustrate how poverty creates conditions that result in 20,000 deaths every day. Chapter 6 presents the Grameen Social Business (GSB) model.

Part II: Chapters 712 discuss the life of Muhammad Yunus, the history of microcredit, the rise of the Grameen Bank, and the utility of the GSB model. Chapter 13 deals with the criticism of the bank. Chapters 1516 highlight womens empowerment and sustainability, which refutes some of the criticisms in previous chapters.

Part III: Chapter 17 reviews the false allegations against Yunus (e.g., Tom Heinemanns Caught in Micro Debt) and investigates why Hasina used Heinemanns documentary as an excuse to remove Yunus from Grameen Bank. Chapter 18 focuses on the Bangladesh Banks view of the founder of Grameen Bank. Chapter 19 examines why the world is stunned by Hasinas malevolent hate campaign against Yunus and her attempts to take control of the Grameen Bank. Chapter 20 details the Bangladesh High Court decision to uphold the Bangladesh Banks illegal decision, which illustrates how the High Court and the Supreme Court have become a dog sleeping at its owners feet. Chapter 21 uses the Court of King Solomon as an important lesson that shows that the prime minster of Bangladesh has become a monster. Chapter 23 explains why an Indian immigration officer slapped Rehman Sobhan. Chapter 24 uses the Trial of Galileo as an important lesson that illustrates the political vendetta by Hasina against Yunus could be understood as a modern-day replay of the famous conflict between Pope Urban VIII and Galileo Galilei. Chapter 25 documents how Yunus removal has sparked protests around the world. It also announces a manifesto for a Grameen Revolution. The chapter explains why the inscription on Karl Marxs tomb can be adapted to Yunus Grameen Bank: Poor peopleespecially the poor women of BangladeshUNITE.

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