Professor Dr. Muhammad Yunus, the Chief Adviser to the interim government, stated today that since youth and students are dedicated to bringing about a new world, they ought to be at the center of policies in the Global South.
“We must place the youth and students, who constitute a significant portion of the Global South’s population, at the heart of our strategies. Two thirds of our population are youth. They are the most powerful segment of the society,” he said.
The Chief Adviser was virtually addressing the Inaugural Leaders’ Session of 3rd Voice of Global South Summit 2024 hosted by India.
He said the youth are different, they are capable and they are technologically far ahead of the previous generation.
“They can make all impossible possible. They are entrepreneurial. Jobs they want, not because they enjoy it but because there is nothing else available, just because they are prepared by an education system in all our countries to get ready for jobs. Their creative capacities are forgotten. Yet, all human beings are born as creative beings. They are natural entrepreneurs,” he said.
But, Prof Yunus said, the education and financial systems are built only for creating job seekers and providing jobs for them, so the systems should be redesigned.
“We hope we can do it together in the Global South, which is rich with fantastically creative young population. Combining entrepreneurship with social business can create miracles. We would like to propose some common facilities in the Global South to take coordinated efforts to unleash the creativity and energy of our young population through social business,” he added.
According to the main adviser, on August 5, 2024, Bangladesh saw a “Second Revolution” when its brave students led a major rebellion that was later followed by the whole public. On August 8, the present temporary government was sworn in.
“Our young generation has impressed upon the people their aspirations for a revolutionary change, restoration of all institutions of the state to ensure democracy and human rights through a meaningful reform. Our government is committed to ensuring a transition to inclusive and pluralistic democracy and create an environment in which free, fair and participatory elections can be held,” he said.
Prof Yunus, also Nobel Peace Laureate, said the theme of this Summit as well as for this inaugural leaders’ session ‘An Empowered Global South for a Sustainable Future’ is very timely and appropriate. “The global south must work together to ensure Sustainable Future for our Mother Earth.”
“We can start with a vision of building a world of three zeroes zero net carbon emissions, zero wealth concentration, and zero unemployment. If we give an important place for social businesses, that is businesses which are created solely for fixing social and environmental problems, we can set our path to create a world of three zeros,” he added.
In order to solve these environmental and social issues, he asked the leaders of the Global South to collaborate in the creation of social businesses. “It can become a massive force if we work together,” he stated.
The chief advisor claimed that because the financial system was built to encourage wealth concentration, it should be changed to ensure that wealth is distributed to everybody. This is based on his lifelong experience.
“It should not be a one-way path for wealth. We must ensure financial services for all people, particularly women and youth. We can learn from each other how this can be done successfully. Many countries have taken a lead in this matter. We need to do more. Finance should never be a wall for anybody,” he said.
Prof Yunus said the financial system should be designed to unleash entrepreneurship and creativity, while social business banks can be encouraged to be created for solving problems such as poverty and unemployment.
“Being old should not mean that you have to retire, withdraw yourself from economic activities. Human creativity never stops on a date fixed by the state. It doesn’t stop until the last breath. We may work together to see how to make societies supportive of creativity of all people as long they live,” he said.
The Nobel Laureate said he has been encouraging the power of sports to be utilised for social purposes as he was glad Paris Olympics 2024 paid attention to it.
“Together with Paris Olympic 2024, we created a new concept of Olympics- social business Olympics. Paris Olympics was designed as a social business Olympics. As the Global South, we can work together to unleash the social power of sports,” he added.
The principal advisor stated: “Our task is now to carry out vital reforms in our electoral system, judiciary, local government, media, economy and education.”
He urged everyone to travel to Dhaka as soon as possible to avoid missing anything significant, saying that the city has become known as the global center for graffiti, with young people as young as 12 or 13 years old decorating its 400-year-old walls with pictures of a Bangladesh that is friendly to democracy.
Prof. Yunus mentioned that there is no budgetary support from anyone, no central planning or guidance for that, and that it is only an expression of their devotion to the Second Revolution’s objectives and feelings.
“They approach the shopkeepers to buy paints and brushes for them. They make up their own subject and own messages. Messages they are painting will thrill anybody. Anybody can read in them what the youth are dreaming of. It is our job to make their dreams come true,” he said.
Recalling the 52 language movement, the chief adviser said in 1952, the Bangladeshi students sacrificed their lives for their mother tongue and it inspired struggles for the right to speak in mother language all over the world.
“Some seven decades later, our students-led Second Revolution is inspiring youth throughout the Global South to raise their voice for democracy, human rights, dignity, equality and shared prosperity. I am honoured to be the oldest “young person” to take part in this revolution and help them make their dreams come true. They need support from all of you,” he said, wishing them all the success.At the onset of his speech, Prof Yunus extended his heartfelt felicitations to the people of India for the country’s 78th Independence Day, which was celebrated on August 15 in 1947.
