Word: mutuals
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...best hope for an improvement in Harvard’s pedagogy—an area in which it has consistently lagged behind—lies in the genesis of a culture grounded in mutual, constructive critique. Given the vast scale of the Harvard curriculum, we believe that the new general education system, the common intellectual ground of every College student, is the natural starting point for such improvements. In the long run, however, pedagogical improvement must not end with these courses. In fact, we hope that such a culture change will develop across the Faculty of Arts and Sciences?...
...both sides by the audience were concise, respectful, and honest. No traps were laid, and no jeering interrupted speakers from either side. The mood was curious, not combative, and although everybody must have disagreed with at least one idea put out by the debaters, the air of civility and mutual respect was maintained...
Yunus’ strategy of mutual benefit sets him apart from the Nobel laureates before him who labored to address poverty. He has been both praised and criticized for finding a method that not only helps the poor but also allows the financial markets to tap into the 86 percent of the globe’s population that has had little or no access to bank loans. Yunus’ prize honors not just his specific strategy, however, but also his impulse to redefine how we look at the problem of global poverty. Microfinance demonstrates that what matters...
Indeed, the strategy of mutual success for lender and borrower transcends many limitations of conventional philanthropy. A gift may be of great aid to the recipient at the time it is given, but it does not build credit, savings, or consistent income. The next expense—for a funeral, or for food during a bad winter—may leave her family in a worse position than before. Micro-loans have demonstrated that helping people achieve long-term stability requires not just assets, but a change in ways of thinking...
Yunus and others like him have begun to link the global network of financial services to potential customers who have long been without it and are often both physically and metaphorically a world away. With each micro-loan they narrow this gap, convincing those at both ends of the mutual benefits that they see possible. They are modern explorers of a universe in which the best way to bridge a divide between two worlds is for each to take a step toward the other...