The Anarcho-capitalist take on Yunus and Grameen bank

[Arnab]

Does he miss the point of Grameen altogether? Or does he have something substantial to say?

The real problem in Bangladesh is not its lack of personal indebtedness but instead is revealed in the account in the Index of Economic Freedom. Its government's bad economic policies include huge barriers to trade, vast amounts of state-owned enterprise, unionization, heavy taxes on foreign investment, a high tax burden, and some of the world's worst political violence and official corruption.

The irony of it all is that Bangladesh is making economic progress in its export sector for fish and clothing. There is no mention of Grameen's contribution to its 5% rate of economic growth in any reliable source.

The best that Professor Yunus could do to help his country would be to use his now-considerable credibility to push for a freer market through radical privatization and free trade. And it is true that he has pushed a bit for halfway privatization in health care. But in general, he has a stake in keeping the status quo just as it is. In the meantime, there is really no excuse for serious analysts of the Grameen experience to pretend as if money alone is going to save the country.

Source:http://www.mises.org/story/2375

Remember, this is an anarcho-capitalist take. They hate anything that even remotely smells of socialism. You can tell from the opening para that the guy is seething inside because he couldn't find any dirt on Yunus.