By Nancy Jane Moore
I'm very pleased to see that the Nobel Peace Prize committee has recognized Bangladeshi economist Muhammad Yunus and his micro-lending organization, Grameen Bank.
The Grameen system of small loans -- most of them made to women -- is helping to break the vicious cycle of poverty. It's been copied worldwide. And of course, they don't just loan money -- they provide support. They whole system is based on sound principles.
I'm particularly gratified that this program is primarily aimed at women -- 97 percent of the borrowers are women. And as someone who spent years helping tenants become homeowners by buying their apartment buildings and converting them into cooperatives, I firmly believe that programs offering people a chance to develop themselves are the most effective form of social change.
But this year's peace prize is, essentially, an award for positive social change. And while I agree with the Nobel committee that programs such as Grameen's will lead to increased peace and a better world -- and am happy to see them recognized -- I can't help but notice how much violent conflict is now raging throughout the world.
Unfortunately, I don't see anyone doing much to resolve the current violence, and I gather that the Nobel committee couldn't find anyone either.