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  • Pandemic exposed faults, weakness in economic systems of world: Nobel Laureate Prof Yunus
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States » SouthPosted at: Dec 10 2020 8:28PM


Pandemic exposed faults, weakness in economic systems of world: Nobel Laureate Prof Yunus

Hyderabad, Dec 10 (UNI) Bangladeshi social entrepreneur Prof Muhammad Yunus who had done remarkable work in micro-credit and micro-finance in the session titled ‘Post-Corona Reconstitution Programme’ on Thursday said that the Covid pandemic revealed the faults and weaknesses of the economic systems of the world.
In his address at the third of the TiE Global Summit currently underway virtually here, Prof Yunus said that the pandemic has allowed us to build a better world and laid bare the inhuman commercialisation of the pandemic vaccine.
He said that the challenge is to rethink and redesign life without going back to the one we had before the pandemic.
The Covid-19 pandemic has provided us an unprecedented opportunity to change and do what we were not able to do in the pre-Covid world.
There is tremendous pressure, desperation and eagerness in people, businesses and governments to go back to the pre-covid situation because they don’t like economy stalling. But, why go back? What is there to go back, Yunus questioned.
The AI (Artificial Intelligence) revolution has already started and it will end up replacing humans. If you are a writer, the machines will do better jobs at writing. Ultimately we will be replaced, he said.
In 15 years, half of the people working will be replaced by machines because they will be better and cheaper. Human beings with no work will be like garbage in the world, the Noble Laureate said.
And may be the AI will decide to send its pest controller to clear out the garbage, he said.
It is time to go into a new direction. It is time for a world with no global warming, no wealth inequality and no AI, said prof Yunus.
The Pandemic has given us an opportunity to take bold and courageous decisions, he said we, humans, are the most endangered species on the planet, we know our home is burning and we don’t care. It is time to change.
It is time for a world of three zeros: Zero carbon emissions, zero wealth concentration and zero unemployment, the Nobel Laureat added.
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Tags: #Pandemic exposed faults# weakness in economic systems of world: Nobel Laureate Prof Yunus
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Hyderabad, Dec 10 (UNI) Bangladeshi social entrepreneur Prof Muhammad Yunus who had done remarkable work in micro-credit and micro-finance in the session titled ‘Post-Corona Reconstitution Programme’ on Thursday said that the Covid pandemic revealed the faults and weaknesses of the economic systems of the world.

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