Wealth Concentration Creates Discrimination, Injustice: CA

Chief Adviser Professor Muhammad Yunus speaks at a special convocation of Universiti Kebangsaan Malaysia (UKM) in Kuala Lumpur on Wednesday. Photo: Chief Adviser, Government of Bangladesh/Facebook

Chief Adviser Professor Muhammad Yunus has warned that growing wealth concentration is fuelling discrimination and injustice, stressing the need for an inclusive economy where prosperity is shared fairly.

“One of the biggest dangers today is that wealth is becoming increasingly concentrated in the hands of a few,” Yunus said while addressing a special convocation of Universiti Kebangsaan Malaysia (UKM) in Kuala Lumpur, where he received an honorary doctorate for pioneering social business.

Outlining his “Three Zero” vision—zero net carbon emissions, zero wealth concentration to end poverty, and zero unemployment by unleashing entrepreneurship—Yunus said a better, fairer world is achievable through innovation, sustainability, and social business.

He emphasised that economic growth must benefit all, not just a privileged few, and called for a shift from profit-driven systems to people-focused development.

Yunus also highlighted the long-standing friendship between Bangladesh and Malaysia, noting collaboration in trade, education, and technology, and identifying new opportunities in renewable energy, the halal economy, and the semiconductor industry.

Reflecting on his journey from microfinance to social business, he said poverty persists because existing systems fail to provide equal opportunities. He urged young people to become job creators rather than job seekers, driving change in sectors like healthcare, education, agriculture, and technology.

“Every person has untapped potential. With the right system, that potential can transform lives and communities,” he said.