Nobel Laureate Professor Muhammad Yunus has asserted that poverty is not a result of a lack of skills or ambition but rather a consequence of an economic system that fails to provide equal opportunities.

Speaking at Peking University in Beijing on Saturday, Prof Yunus criticized the prevailing education system for reinforcing flawed thinking. He expressed regret for being part of a system that perpetuates inequality, stating:

“Poverty is not an inherent trait of individuals but a flaw in the system we have created. My duty is to identify these flaws so future generations do not repeat the same mistakes.”

Highlighting the need for systemic change, he emphasized that the current economic structure benefits the wealthy while neglecting the poor. He reaffirmed his commitment to fostering a new Bangladesh—one free from poverty and hunger—through governance reforms, transparency, and inclusive policies.

Prof Yunus also challenged the traditional job-seeking mindset, arguing that human beings are naturally creative and should be encouraged to become entrepreneurs rather than employees.

“Jobs are a modern form of servitude. Humans are not meant to be servants—they are meant to be free. Universities should prepare students to be entrepreneurs, not job seekers.”

Sharing his experience with microloans, he highlighted how impoverished, uneducated women in Bangladesh successfully became entrepreneurs, proving that everyone has the potential to create their own opportunities.

“If poor women can succeed without formal training, then anyone can. Education should unlock creativity and empower individuals to change the world.”

Prof Yunus concluded by urging educational institutions to redefine their role in shaping future generations, emphasizing entrepreneurship as the key to breaking the cycle of poverty.