Mises Wire

Yunus the Wonderful?

Yunus the Wonderful?

Some time ago, the Nobel Prize committee changed the definition of the antiwar prize to include activism for government welfare and environmentalism (exactly the sort of coercive redistributionism that undermines social peace). This was a direct betrayal of the founder, who had stipulated that the prize be awarded "to the person who shall have done the most or the best work for fraternity between the nations, for the abolition or reduction of standing armies and for the holding and promotion of peace congresses."

Not that this was the only act of treachery. In the years since Alfred Nobel's death, "great leaders" such as Teddy Roosevelt, Elihu Root, Woodrow Wilson, and Henry Kissinger have been honored. I suppose we should be grateful they didn't give it to Bush. But this year the treasonous committee awarded the prize to Muhammad Yunus, head of the state-supported, quasi-socialist, regimentation-promoting Grameen Bank. See two of Jeff Tucker's demolitions here and here.

Once again, though the peacemakers shall be called the sons of God, they will not be named Nobel laureates.

Note that graphic below, from the Grameen site, which sums up the creed they require of all their "borrowers": Discipline, Unity, Courage, and Hard Work — in all walks of our lives

Did your local banker ever insist on this kind of fascist sloganeering?

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