… as expected, they’re coming in. Its always worth remembering that the corporate, neoliberal model is not the only type of microcredit available – the corporate types, both public and private sector jumped on the bandwagon and siezed the innovation as a panacea and substitute in place of more lasting structural change … Yunus still more than deserves his Nobel Prize for his achievements, especially when we do not let the pendulum swing so far the other way, from wild acclamation to dismissive declamation that we do not see the achievements of this savings based approach to development..
- Alexander Cockburn, ‘A Nobel Peace Prize for Neoliberalism?: The Myth of Microloans’, Counterpunch, Oct 21-22, 2006
- Walden Bello, ‘Microcredit, macro issues’, The Nation, October 2006
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