Lets design economics so net generation = 10 times more productive and global village sustainable

Banking on livelihoods- Bangladeshi microcredit 1.0 solved the keynsian economist's core purpose of  ending poverty by communally understanding and delivering the 4 dynamics a person needs to sustain a livelihood: health, a serviceable skill, a market and finance.


Microcredit 2.1 removes the financial dynamic from top-down boom and bust currencies systems and bad banking's focus on property and scarce things by modeling and empowering why and how human goodwill multiplies in open society sectors -those truly differentiated by joyful human service of life-shaping needs and collaboratively networking knowhow. 


 valuetrue.com - Chapter 2 Pro-youth banking for livelihoods

The Economist's 12 year futures dialogue of Entrepreneurial Revolution concluded in 1984 : to sustain the net generation at least 30000 microfranchises would need to be searched out and banked.  Timing-wise humanity would need hi-trust as well as hi-tech support for this most valuable search. Will public servants and public mass media help as soon as digital media became massively accessible.

A microfranchise defines a service skillset (team-based or individually) which is valued in a local community so that positive cashflow is sustained, but so that all or most of the surplus stays with the workers and in the local community. Common sense suggests this is the most general of open source innovation. However unlike a code or language, whose commons purpose is communal first and individually invented second, the entrepreneurial question arises: is the purpose of the main inventors and investors of a microfranchise so social that they will never want to tax local livelihoods by maximally extracting from them every audit period. Conversely unlike a profit-extracting service franchise which deserves to be charged whatever media and superstars costs, a microfranchise merits freedom of speech via 21stC accessibilility linked in by mobile networking and the joy of www

The 64 trillion dollar question of financial services innovation becomes - how can pro-youth banking for livelihoods be innovated? Mathematically we recommend a mapping analogy. Navigating the new world opened up in the 1490s by Amerigo Vespucci and Christopher Columbus depended on collaboration transparency of mapmaking. Probably 10 times more of that depth of local infrastructural trust will be needed by and for millennials led by women4empowerment so as to invest in going way beyond the 20th C affliction of zero sum maps of finance to the wonderful trust flows of whole truth compasses of goodwill multiplication that social business models can lead to and be celebrated around.


Extraordinary Inter-generation Impacts of  Banking for Jobs World Record Cases

There are at least 5 systems cases of pro-youth banking for jobs at the general level of inventing and being trusted to sustain investments in microfranchises  ....more 


More at 1 2 3 4


Grameen Economics can be celebrated - by the millennial generation and their parental investors - as a study of 2 quarters: 1974-1999 and 1999-2024 on as Bangladesh was seen to be the first worldwide lab for mobile village partnerships in the united human race to end poverty. The question of what is the first investment priority has its practical merits but when it takes over the whole of millennial goals summit as www.microcredit.tv did with banking's analysts between 1997 and 2007 the consequences do not sustain trust in every kind of millennials action network of Open Society nor in borderless sustainability markets needed for mediating the 25% of gross world produce now spent on communications- see maps at http://2030now.blogspot.com/ and http://wholeplanet.tv/and http://trilliondollaraudit.com/ and http:/worldclassbrands.tv andhttp://yunuscity.ning.com/ Between 1950 and 2000 western macroeconomists (and their government paymasters) made the world's greatest mathematical mistake- they failed to change any of their top-down mindsets even as the worldwide ..



If there is nothing (no diaspora goodwill, new nation without any true public service reach to rural) then health


but it was famine that inspired yunus students to go design grameen economics from 1974 and its local food markets that pop stars (eg bono , dbanj) to end poverty currently sing for



Of course community leife and interpresonal livelihods (including families) can't be grown/sustained without bottom-up banking and livelihood-creating education


Bangladesh (from 1996) has also been te first nation to ask how post-digital partnerships change everything -

4 of the top priorities include Global Village A) Mobile ,B)  Energy, C) Peace   , (map first 30 future capitals) D) Jobs-Mooc (youth open education economics as what womens economics most  valued as intergenerational investment)



If there is nothing (no diaspora goodwill, new nation without any true public service reach to rural) then health


but it was famine that inspired yunus students to go design grameen economics from 1974 and its local food markets that pop stars (eg bono , dbanj) to end poverty currently sing for



Of course community leife and interpresonal livelihods (including families) can't be grown/sustained without bottom-up banking and livelihood-creating education


Integrated and coordinated implementation of and follow-up to the outcomes of the major United Nations conference and summits in the economic, social and related fields Follow-up to the outcome of the Millennium Summit
The road to dignity by 2030: ending poverty, transforming all lives and protecting the planet Synthesis report of the Secretary-General on the post-2015 sustainable development agenda

18 Nov Redesigning Economics to Redesign the World - English текстуры для фотошопауспешная оптимизация интернет сайтов Redesigning Economics to Redesign the World Muhammad...
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GrameenEconomics.com - Home of Village Economics  - IF  a  MOOC of the Franciscan idea of Power is Service could linkin top 30 12-minute training modules - who would you vote for - Yunus , Pope Francis 1  2, Gandhi, Montessori, Mother Theresa, Florence Nightingale  Mandela? ...? rsvp info@worldcitizen.tv 
download transcript: why US Congress 2010 voted to hear yunus testimony on community economics & how investmnent bank owned by 15 million poorest village mothers focused on mobilising life-changing apps & installing million solar units (doubling annually)

 - help develop bottom up curriculum of economics - Bangladeshi perspective at http://globalgrameen.ning.com/ - The Economist's pro-youth economic perspective at http://normanmacrae.ning.com/ rsvp chris.macrae@yahoo.co.uk to nominate other economists interested in designing MOOC around 2010s = youth's most productive and collaborative time

Norman Macrae's selections of most exciting pro-youth advances in 20th c economics:

  • Japan as start of Asian pacific www century 1962 to 2062
  • Bangladesh since 1972
  • Keynes

Still to me mapped - economics valuing net generation's productivity with million times more collaboration tech than when man raced to moon in 1960s

What are the goals of Village Economics?
  • Sustainable Economics
  • Pro-Youth and Pro-Women Economics
  • Collaborative Economics
  • End Hunger Economics
Entrepreneurial Economics that serves to advance the human lot including the greatest service purposes and goals innovatively networked humans can aspire to


Can you help Yunus.tv design MOOC of Village Economics linking in 12 minute training modules millions of youth viralise

How is Global Village Economics connected with Mediating Futures Most Parents Want? 

1843: birth of a medium for mediating end hunger and pro-youth futures of industrial revolution 

What community medium since start of 4th quarter of 20th C  do you trust to mediate post-industrial and www networking connected revolution?

 “Let us never forget that authentic power is service,” he said. “Only those who serve with love are able to protect.” 2013.68  Pope and Economics of Peoples South

Roman Spring 2013: A Pope to End Poverty - congratulations Pope Francis - former archbishop of Buenos Aires is -a Jesuit intellectual who travels by bus and has a practical approach to poverty: when he was appointed a cardinal, Bergoglio persuaded hundreds of Argentinians not to fly to Rome to celebrate with him but instead to give the money they would have spent on plane tickets to the poor.


Are you interested in linking in to the basic goals of Village Economics?  Human and ecological sustainability... investing in advancing what the lives of your next generation are capable of. Do you see the www to be an unprecedented collaboration opportunity for youth to co-produce goals that weren't previously possible. Let's celebrate Village Economics -the way ahead for valuing hi-trust leadership gravitated by 3rd millennium's most exciting goals and empowering how each of us spends our lifetimes.

The most scary non-fiction book I have read is Keynes' General Theory. It reveals a right old muddle that could terminate the human species. Keynes demonstrates that as economists increasingly rule the world, their man-made system impacts will accelerate one of two opposite exponential consequences:

  • designing the futures that most parents want for their children's children
  • destroying the futures that most parents want

 For example, the scope of economics theory at the time that Keynes was writing between the two world wars did not specifically value how our lives' work includes

·         what parents most want to nurture in bringing up families

·         how renewable resources determine earth's future capacity for life

·         how hi-trust peacemaking and other structural factors explain whether a community is evolving as a safe place to live 

So Keynsian alumni urge changes to economics and ruling professions to transparently account for whole truth human values. What you measure (and reward men with) is what you get. More than that: any professional economist advising the world's biggest decision-makers should be tested in the construct: what you systemically measure is what you exponentially compound.  

The village economist also passionately opposes the maxim if a system ain't broke don't fix it. First, because the exponential form is that where consequences of a system that isn't being proactively repaired look to be minor until a tipping point is passed after which the system collapses. Second, because people who make global decisions should be held accountable to the reality that the warning signs of loss of human sustainability start in localities/villages.

Safety, as the nuclear physicist Von Neumann would voice, cannot be designed into a global system that isn't sufficiently grounded at every locality. To keep things simple we recommend professional people value the analogy of a map. Its use is only as safe for you to go to and fro as how locally it is up to date. My father Norman Macrae first saw young people sharing knowhow around an early digital network in 1972. He spent the rest of his life developing the Entrepreneurial Revolution genre out of at The Economist. How do we prepare system designs ahead of time around the defining innovation crisis of the 21st century. Namely telecommunications technology is leading man into designing systems with the same planet-wide scale as nature. Nature's evolutionary systems are designed bottom-up and openly networked.

Macroeconomists who fail to value those dynamics are arguably the most terrifying ideologists of our lives and times If you think that these risks are a theoretical exaggeration, I would ask you to read what Einstein wrote about the first generation to be challenged by hyper-connected technology. His concern would man be able to design a system of rules smarter than those currently ruling? Remember it was Einstein that proved that man's science is always at risk to being too macro. He proved which aspects of Newtonian Science were fatally wrong because they failed to integrate models at a more micro level.

 If you prefer to assess situations from practical viewpoints then like my father you may find lots to celebrate in village economics whose maps have literally been developed by parents confronting the greatest human goals and community service needs imaginable. No nation has pioneered this economics with more passion and whole truth than Bangladesh -born in 1971 as then world's poorest place for 100 million people to live. Its social lab experiments and grassroots village networking are extremely timely for worldwide youth today. It was first to transition from the most rural and knowledge-disconnected environments to using mobile telecommunications to end real and digital divides. In 1843, The Economist was founded by Scot James Wilson to mediate an end to hunger as reasoning freeing the biggest decisions to be made through the industrial revolution. James' family and shareholders would be joyful that Bangladeshi village economics is helping lead the way in mediating the biggest decisions made through post-industrial revolution so as to sustain the first net generation and its heroic entrepreneurs. You see James died before his time in Calcutta assigned to a pro-poor economics project by Queen Victoria. He was killed by diarrhea, whose cure was the first knowledge to be networked through the village mothers' centres served by the branch managers of Grameen Bank.

tell us if you can help contribute to our blog This Week In Dhaka


Norman Macrae Family Foundation 
The Economist's Unacknowledged Giant 
 www.NMfound.net www.worldclassbrands.tv Economist's 3 billion jobs book of 1984

5801 Nicholson Lane Suite 404 N.Bethesda MD 20852
Tel 301 881 1655  email chris.macrae@yahoo.co.uk

Maynard Keynes said that the risk of economists ruling the world would be that they would either design or destroy the futures next generation valued most - nothing much in between . Grameen Economics aims to be a social business uniting economic advisers who know how to design at least one global market's purpose round what next generation values most - contact us if you are concerned by our goal. During 2012-2013 NM number 1 project involves youth and yunus sb competitions designed to test whether DC can rise to be number 1 pro-youth economics capital- we need a lot of help. with special thanks to youth10000 collaboration net from JA SCOT  OR  NC  AL ...

 download transcript: why US Congress 2010 voted to hear yunus testimony on community economics & how investmnent bank owned by 15 million poorest village mothers focused on mobilising life-changing apps & installing million solar units (doubling annually)


download what economists knew in 1984 about the net generation's innovatioin crisis

This site  The Web 

YES You Can : Help Make 2011 Year of Peak Macroeconomics

Keynes' life works made a scary discovery: increasingly only economics rules the world. Democratic goals don't exist independently of what economics interconnects our planet.

My dad, dubbed Unacknowledged Giant in his obituary in The Economist, also spent a life tracking an inconvenient truth. 

Before world war 2, most economists tried to model how to joyfully invest in youth and communally develop productive opportunities for children which parents hadn't had. After the war, a breed of macroeconomist grew like topsy in the West. The maths of their rules, however accidentally, disinvests in youth and pollutes the diversity of context that communities need to be exponentially sustainable through generations of time.

At start of 2008, dad was overjoyed to meet youth's favourite economist : Muhammad Yunus. Why not start up 20 microeconomic projects that you all can linkin, through youth's most exciting goals, to sustainability of global villages.

USA may never have a more exciting time to celebrate commencement of this journey of renewal than when Yunus testifies in Congress, fall 2011. I have worked in the East much of my life. I would love to see an Arab Spring blossom and celebrate joy of youth everywhere. But why not start by making economics sustainable in Americans own backyards.   


In 2010 American congress votes Dr Yunus genius economist of our epoch.


Do your societies and nations invest in leaders who know why the grameen economics

that ends poverty in the developing world, also creates jobs for youth  in the developed world, also prevents compound loss of human sustainability in all worlds? Hub with us in resolving the global professions of 2010s so that leaders of global market’s trillion dollar purposes value all communities sustainability’s exponentials . Yes we can join families and cultures in mapping how it is possible for economics to support the greatest goals that youth want to set for 2020 and that this involves planting and mobilising the entrepreneurial conditions that net generate highly productive job creation opportunities wherever a child grows up www.daringnation.com  www.youtube.com/safebanks

with thanks to additional reporting from www.worldeconomist.net  www.erworld.tv http://www.worldcitizen.tv/ www.globalassembly.tv www.businessmodels.tv www.creatingjobs.net  www.grameeneconomicslabs.com www.microcredit.tv www.saintjames.tv  www.worldclassbrands.tv and to the entrepreneurial revolutionaries who let our family associations http://www.isabellawm.com/  make social business loans to them particularly www.the-hub.net  ; our public ning is http://futurecapitalism.ning.com


Tuesday, March 19, 2013

12:58 pm edt 

Bergoglio brings with him the concerns of the global South, starting with the imperative of economic development and the eradication of poverty.

Bergoglio’s track record in this regard is instructive. The Argentine military junta of 1976-1983 and the neoliberal economic policies it started wrecked the nation’s economy during the 1990s. By the end of the military government, unemployment was at 18% officially, and there were bouts of hyperinflation at the end of the 1980s. Under the pro-IMF economics Minister Domingo Cavallo, Argentina established a fixed rate of exchange to the US dollar. The propertied classes indulged in massive tax evasion and sent flight capital to foreign banks. Taking power in the midst of this crisis, President de la Rua imposed seven rounds of brutal austerity, driving unemployment up to 20% in December 2001. When the IMF cut off further loans to Argentina, there was a panic run on the banks. Strikes and riots forced de la Rua to resign and flee on December 21, 2001.

During the latter months of 2001, Bergoglio did not hesitate to lecture President de la Rua to his face Sunday after Sunday about the bankruptcy of neoliberal economics and the terrible social consequences, as Rua sat in his pew of the cathedral in Buenos Aires. During this time, Bergoglio commented that extreme poverty and the “unjust economic structures that give rise to great inequalities” constituted violations of human rights and that social debt was “immoral, unjust and illegitimate.” During a strike by public employees in Buenos Aires, Bergoglio noted the differences between, “poor people who are persecuted for demanding work, and rich people who are applauded for fleeing from justice.” (“Argentines protest against pay cuts,” BBC, August 8, 2001)

A subsequent president, the Peronist Adolfo Rodriguez Saà, declared a debt moratorium, causing Argentina to default on $132 billion in foreign debt, one of the biggest burdens of any developing country in the world. The link between the peso and the dollar was severed, and the resulting devaluation lowered the standard of living - just as in Iceland over the last few years. After an 11% fall in GDP during 2002, Argentina stabilized and recovered under Presidents Duhalde and Kirchner. Although the debt moratorium policy substantially reduced foreign debt, the International Monetary Fund demanded full payment of every penny, with no discounts and no haircuts.

Bergoglio opposed “anonymous and perverse mechanisms of speculative economy”

These were the conditions in which Bergoglio operated around the time that he was named Cardinal in February 2001. Bergoglio organized soup kitchens and food banks in the favelas (slums) of Buenos Aires and other cities for the relief of the poor. He condemned the policies that were leaving the Argentine people “strangled by the anonymous and perverse mechanisms of a speculative economy.”

In an interview with the magazine Trenta Dias of the Communion and Liberation movement, Bergoglio declared: “the current imperialism of money also shows an idolatrous face. Where there is idolatry, God is canceled, and human dignity is canceled.” For this he blamed “left-wing ideologies just as much as the imperialism of money.” Bergoglio can thus be considered a principled opponent of both neoliberal economic doctrine, and of the ultra-left liberation theology. (Geninazzi and Rizzi, Avvenire, March 13, 2013)

An article by Dylan Matthews posted on March 13 on the Washington Post blog points out that the Argentine bishops, with Bergoglio chief among them, were sharp critics of the laissez-faire or neoliberal economic policies of Argentine President Carlos Menem, who was in office from 1989 to 1999. Citing the essay “Argentina, the Church, and Debt” by Thomas Trebat, Mathews argues that, at the height of the debt crisis in 2002, Bergoglio was a leading voice in calling for a debt restructuring in which social programs would be considered more important than repaying and servicing existing financial debt. Statements by the Argentine bishops at that time diagnosed the main problems of the Argentine economy as “social exclusion, a growing gap between rich and poor, insecurity, corruption, social and family violence, serious deficiencies in the educational system and in public health, the negative consequences of globalization, and the tyranny of markets.” These were technically joint statements of all the Argentine bishops, but there is every reason to believe that these were above all Bergoglio’s own views.

In 2001-2004 Argentine crisis, bergoglio supported debt reduction, rejected austerity

In one of his own later speeches, Cardinal Bergoglio commented: “We live, apparently, in the most unequal part of the world, which has grown the most yet reduced misery the least,” where “the unjust distribution of goods persists, creating a situation of social sin that cries out to Heaven and limits the possibilities of a fuller life for so many of our brothers.” (National Catholic Reporter, March 3, 2013) Plutocratic ideologues intent on shredding the social safety net will get no comfort from Francis.

According to Carlos Burgueno of the Argentine business newspaper Ambito Financiero, Bergoglio is “Anti-liberal. A tough critic of the IMF and the policies of adjustment. A defender of the process of debt restructuring.” “Anti-liberal” can be understood as a rejection of economic policies designed to benefit a narrow financier oligarchy. In IMF jargon, “adjustment” and “structural adjustment” are euphemisms for genocidal austerity and killer cuts targeting the poor, the sick, the old, the very young, and the underprivileged. “Debt restructuring” means debt moratoriums, debt freezes, defaults, haircuts, write-downs and other means of reducing the illegitimate debt burden which is now crushing so many of the world’s people.

A major statement on the economic crisis was issued by the conference of Argentine bishops under Bergoglio’s leadership in August 2001. This landmark statement pointed out that “some of the most serious social ills we suffer in economic and political affairs are a direct reflection of the crudest liberalism.” The state was defined as “an instrument created to serve the common good, and to be the guarantor of equity and solidarity of the social fabric." The Argentine bishops with Bergoglio at their head condemned the lack of a “social safety net” to care for those cast out by the existing economic model. They targeted in particular “two diseases, tax evasion and squandering of state funds, which are funds sweated by the people.” Organized labor was advised to exercise moderation in using the right to strike.

But the bishops saw the foreign financial debt of Argentina as the biggest negative factor, taking care to condemn the “external debt that increases every day and makes it difficult for us to grow.” (Ambito Financiero, March 14, 2013; Buenos Aires Herald, March 14, 2013)

In 2005, the Argentine government offered foreign creditors a reimbursement of thirty cents on the dollar. Many of the most rapacious hedge fund hyenas rejected this offer, instead launching lawsuits and unsuccessful attempts to seize Argentine assets held abroad, including Argentine airliners, ships, and the Argentine central bank deposits at the Federal Reserve Bank of New York. Bergoglio intervened in these conflicts several times, supporting the ability of the Argentine government to reduce and restructure the foreign debt. (Ambito Financiero, March 14, 2013; Buenos Aires Herald, March 14, 2013)

In October 2009, Cardinal Bergoglio again sought to call attention to the unsolved problems of poverty in Argentina under the presidency of Nestor Kirchner. According to the Spanish newspaper El Pais, “Cardinal Jorge Bergoglio harshly criticized the government and society for failing to prevent the rise of poverty in the country, a situation he called ‘immoral, unjust and illegitimate’ because it occurs in a nation that has the capacity to avoid or correct the damage. ‘Instead, it seems that it has chosen to exacerbate the inequalities,’ said the head of the Catholic Church in Argentina, for whom ‘human rights are violated not only by terrorism, repression and murder, but also by unjust economic structures that cause great inequalities.’” He added that the position of the Catholic Church was “very clear” as it had “warned for some time about the social deficit of Argentines.”

Bergoglio supported justice and peace October 2011 call for Wall Street sales tax

As the world economic depression was felt more and more in Argentina, Bergoglio sharpened his confrontation the plutocrats, telling them in May 2010: “You avoid taking the poor into account.” In the following year, Bergoglio spoke out against the terrible wages and working conditions prevailing in the Argentine capital, which he compared to a form of modern slavery: “In this city, slavery is the order of the day in various forms. In this city, workers are exploited in sweatshops and, if they are immigrants, are deprived of the opportunity to get out. In this city, there are kids who have been on the streets for years. The city has failed and continues to fail in the attempt to free them from this structural slavery that is homelessness.” (La Nacion, September 24, 2011)

The main Vatican response to the European financial crisis which broke out in early 2010 was the document entitled Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority, issued by the Pontifical Commission for Justice and Peace in late October 2011. Although Bergoglio was apparently not formally a member of Justice and Peace, press accounts from Buenos Aires indicate that in the eyes of Argentine public opinion he was closely associated with this initiative and the reforms it recommended. The Argentine journalist Carlos Burgue?o writes: “As worldwide recognized church representative and leader of the Pontifical Council for Justice and Peace, [Bergoglio] signed along with his Ghanian fellow cardinal Peter Turkson in October 2011 the Vatican’s harsh document against adjustment policies that were beginning to be applied in the European countries in crisis.” (“Ya como referente mundial de la Iglesia y conductor, junto con el tamién papable ghanés Peter Turkson, del Pontificio Consejo para Justicia y Paz, firmo en octubre de 2011 una dura cr?tica del Vaticano contra las politicas de ajuste que se comenzaban a aplicar en los paises europeos en crisis.” Ambito Financiero, March 14, 2013; Buenos Aires Herald, March 14, 2013.)

The Council for Justice and Peace blamed the 2008 world panic triggered by the Lehman Brothers bankruptcy on “a liberalist approach, unsympathetic towards public intervention in the markets” which “chose to allow an important international financial institution to fall into bankruptcy, on the assumption that this would contain the crisis and its effects.” According to this document, a central threat to the world economy and to world peace comes from “an economic liberalism that spurns rules and controls.”

The Council for Justice and Peace criticized in particular the International Monetary Fund for being an institution now totally inadequate for the needs of world economic development, citing “…the gradual decline in efficacy of the Bretton Woods institutions beginning in the early 1970s. In particular, the International Monetary Fund has lost an essential element for stabilizing world finance, that of regulating the overall money supply and vigilance over the amount of credit risk taken on by the system. To sum it up, stabilizing the world monetary system is no longer a ‘universal public good’ within its reach.”

A key aspect of the Vatican’s October 2011 recommendation for dealing with the new world economic depression was the enactment of a financial transaction tax, also known as a Tobin tax, and in the United States increasingly referred to as a Wall Street Sales Tax. The document states: “… it seems advisable to reflect, for example, on taxation measures on financial transactions through fair but modulated rates with changes proportionate to the complexity of the operations, especially those made on the ‘secondary’ market. Such taxation would be very useful in promoting global development and sustainability according to the principles of social justice and solidarity.” Bergoglio has thus endorsed the approach of Pope Paul VI as seen in the famous encyclical letter Populorum Progressio of 1967, which “clearly and prophetically denounced the dangers of an economic development conceived in liberalist terms because of its harmful consequences for world equilibrium and peace.” (Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority, Pontifical Council for Justice and Peace, October 24, 2011)

8:29 am edt 

Monday, November 5, 2012

year 80 of keynes question - shall we design economics to sustain or destroy youth's futures - tell us chris.macrae@yahoo.co.uk ) where to discuss - eg 1 The Economist
4:20 pm est 

Tuesday, September 28, 2010

Last week saw New York's annual summits of the great & the good in development world- while the week used to be just the opening on the UN's year, its now much more lively with clinton global summit and this year queen rania summit-

however for the first time in years perhaps the UN stages the speech with most future significance-

Obama's see right hand side

award for the most dismal news was the fall of india from being taken seriously in microcredit world - see www.microcredit.tv  

skype isabellawm email chris.macrae@yahoo.co.uk; main hub washington dc usa tel 301 881 1655

http://www.isabellawm.com/ This twinning bridges 5 generations of work on entrepreneurship by macraes and other scots concerned with advancing the view that the greatest productiuvity agent is families not large organisations (be these gov or com or any other systemic type). If you value this assumption then your number 1 use of the internet and joyful presence can join in the exciting 2010s of dr yunus -let's have a more peceful entreprenurial revolution than the very first one that guillotined heads of french royalty for monopolising over all the productive assets.  Yes we can now overthrow how macroeconomics' particularly fallible globalisation rules the world (eg through collapsing wall streets and mountains of euros)

why not help us linkin 50 webs of microentrepreneurship:
12:53 pm edt 

Saturday, September 25, 2010

Norman Macrae & Isabellawm.com association of family foundations
http://journalofsocialbusiness.com - our family's biggest social business investments in yunus networking are currently the expenses of staging Glasgow's annual global assembly of Yunus and Youth, and the journal of social business - first issue will sample 2000 leaders nd youth dr yunus admires most with the most exciting review of social business progress to date and its connection with renaissance of economics for youth 

upmicro.com - searching for 100 professionals who want to build economics for youth

latest news on the death of macroeconomics is coming but timing youth's escape is absolutely critical 1
 please tell us quotes that explkan how economcs became the centre of 2010s most exciting decadeKeynes: increasingly only economics rules the worldPresident Obama: 16 April 2010: We know that without enforceable, common sense rules to check abuse and protect families, markets are not truly free - FC ning   
We believe it is every hi-trust economist's and professional's duty to help network 2010s youth most exciting decade. 60 of us will be debating this for 2 hours in The Economist's Boardroom London on Nov16 as a tribute to Unacknowledged Giant, and dad Norman Macrae. If you think you need to be there, please contact chris.macrae@yahoo.co.uk washington DC tel (usa=1) 301 881 1655 skype isabellawm family foundations

The unacknowledged giant

The unacknowledged giantAdd to Playlist

creatingjobs.net - how do people and communities invest in job 
creation and sustainability? help us publish the premier league of 100 million plus job creators and twin leagues of daring nations and future capital cities

The Economist's John Micklethwaite discusses Radical Britain's search for New Capitalism

further references youtube.com/safebanks : daringnation.com

Macrae Family & John Micklethwaite invitation to celebrate the life of journalism's greatest job-creating economist

Macrae.tv - In Search of Free Job Creating Markets

This started with dad’s survey of Entrepreneurial Revolution in The Economist Christmas Day 1976. Dad concluded that the third quarter of the 20th century had turned viciously against communities and people being empowered to innovate jobs.


All the free market assumptions of Adam Smith that Scots and French had historically helped  microeconomic understanding of the value multipliers of human productivity had been shredded > this was mainly by through the accidental but viciously spinning combination of big government and big television spots. These dynamics grew like topsy  in developed nations resulting as the two most extraordinary non-economic changes that creeped up on peoples and main street in q3. Those who experienced in exponential analysis of systems will recognize the familiar pattern of creeping up until a tipping point of accelerating collapse is breached. So much of human conflict and destruction of value has resulted because few if any societies in our modern world include this compass in education’s 4R’s  



What we need to do with all the urgency we can muster and celebrate is:  explore every way that families, youth and communities can be encouraged to innovate jobs and how these ways can be interfaced to win-win-win. Dad’s spent much of his next 15 years (1976-1991) of writing on exploring ideas of how the coming of the internet would double or nothing the job creating opportunities and threats to the future of youth. His 1984 report on this primary challenge of integrating every society into a globalization designed for young people and communities to flourish was translated into 4 languages and customized for different countries- Sweden commissioned its own report and Nordica has become one of the microeoconomic champions of our age of mobile networking and death of distance (the disappearing of geographical separation as a cost inhibiting human productivity). Next dad did the biography of John Von Neumann and was fascinated by the sorts of questions on job creation that the father of computing had planted.

Here is one pager on why dad's last articles were on Consider Bangladesh and Muhammd Yunus as the genius economist nd networkers of teh 2010s. Here's his 1984 script on why changing economics is central.

Our 1984 scenario of an internetworking world

Changing communications, and what makes people distant, bossy, etc

Changing national politics

Changing economics

Changing employment

Changing education


Our family tradition as internationalist scots has always revealed in the way that auld alliabce of Scots and French helped cheerled job creating economics since the late 18th century branding the word entrepreneur for celebrations of such purpose. Family history made it natural that my dad’s  four decades of work at The Economist connected this with eastern productivity movements from beginning with 25 years of direct knowledge my maternal grandfather experienced of how Gandhi –encouraged by the practices of Maria Montessori and Einstein’s theoretical love of system designs that leaders employ to sustain next generations) used education to overthrow the poverty chains of ,local job destruction exponentialised over centuries of English colonization.


Next his reporting out of The Economist helped a world focus on how Japan of the 1960s exponentialised on of the most innovative half-generations ever seen – social action and free market reporting that was appraised as worthy of the Japanese Emperor’s award of the rising sun.


 In dad’s final years he found bangladesh to be the most inspiring case of all in raising questions on how digital technology and job creating youth empower each other. More that that the emergence of this new nation in the 1970s made it the first 100+ million population to solve the 64 trillion $ puzzle of how to sustain microeconomics system designs of the way we choose to network globalization.



Most of the social innovation methods that create jobs do not fit with conventional disciplines nor the language that 20trh C macroeconomists ...


 Join Economists's August debate on Social Innovation

 - study netgen exponentails of how 5 Human

9:01 am edt 

2013.03.01 | 2012.11.01 | 2010.09.01

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The White House

Office of the Press Secretary

Remarks by the President at the Millennium Development Goals Summit in New York, New York

United Nations Headquarters, New York, New York

4:49 P.M. EDT
     THE PRESIDENT:  Good afternoon.  Mr. Secretary General, fellow delegates, ladies and gentlemen. 
     In the Charter of this United Nations, our countries pledged to work for “the promotion of the economic and social advancement of all peoples.”  In the Universal Declaration of Human Rights, we recognized the inherent dignity and rights of every individual, including the right to a decent standard of living.  And a decade ago, at the dawn of a new millennium, we set concrete goals to free our fellow men, women and children from the injustice of extreme poverty.
     These are the standards that we set.  And today, we must ask:  Are we living up to our mutual responsibilities?  
     I suspect that some in wealthier countries may ask, with our economies struggling, so many people out of work, and so many families barely getting by, why a summit on development?  And the answer is simple.  In our global economy, progress in even the poorest countries can advance the prosperity and security of people far beyond their borders, including my fellow Americans. 
     When a child dies from a preventable disease, it shocks all of our consciences.  When a girl is deprived of an education or her mother is denied equal rights, it undermines the prosperity of their nation.  When a young entrepreneur can’t start a new business, it stymies the creation of new jobs and markets in that entrepreneur’s country, but also in our own.  When millions of fathers cannot provide for their families, it feeds the despair that can fuel instability and violent extremism.  When a disease goes unchecked, it can endanger the health of millions around the world.
     So let’s put to rest the old myth that development is mere charity that does not serve our interests.  And let’s reject the cynicism that says certain countries are condemned to perpetual poverty, for the past half century has witnessed more gains in human development than at any time in history.  A disease that had ravaged the generations, smallpox, was eradicated.  Health care has reached the far corners of the world, saving the lives of millions.  From Latin America to Africa to Asia, developing nations have transformed into leaders in the global economy.
     Nor can anyone deny the progress that has been made toward achieving certain Millennium Development Goals.  The doors of education have been opened to tens of millions of children, boys and girls.  New cases of HIV/AIDS and malaria and tuberculosis are down.  Access to clean drinking water is up.  Around the world, hundreds of millions of people have been lifted from extreme poverty.  That is all for the good, and it’s a testimony to the extraordinary work that's been done both within countries and by the international community.
     Yet we must also face the fact that progress towards other goals that were set has not come nearly fast enough.  Not for the hundreds of thousands of women who lose their lives every year simply giving birth.  Not for the millions of children who die from agony of malnutrition.  Not for the nearly one billion people who endure the misery of chronic hunger. 
     This is the reality we must face -- that if the international community just keeps doing the same things the same way, we may make some modest progress here and there, but we will miss many development goals.  That is the truth.  With 10 years down and just five years before our development targets come due, we must do better. 
     Now, I know that helping communities and countries realize a better future is not easy.  I’ve seen it in my own life.  I saw it in my mother, as she worked to lift up the rural poor, from Indonesia to Pakistan.  I saw it on the streets of Chicago, where I worked as a community organizer trying to build up underdeveloped neighborhoods in this country.  It is hard work.  But I know progress is possible.        
     As President, I have made it clear that the United States will do our part.  My national security strategy recognizes development not only as a moral imperative, but a strategic and economic imperative.  Secretary of State Clinton is leading a review to strengthen and better coordinate our diplomacy and our development efforts.  We’ve reengaged with multilateral development institutions.  And we are rebuilding the United States Agency for International Development as the world’s premier development agency.  In short, we’re making sure that the United States will be a global leader in international development in the 21st century.   
     We also recognize, though, that the old ways will not suffice.  That’s why in Ghana last year I called for a new approach to development that unleashes transformational change and allows more people to take control of their own destiny.  After all, no country wants to be dependent on another.  No proud leader in this room wants to ask for aid.  No family wants to be beholden to the assistance of others.    
     To pursue this vision, my administration conducted a comprehensive review of America’s development programs.  We listened to leaders in government, NGOs and civil society, the private sector and philanthropy, Congress and our many international partners.
     And today, I’m announcing our new U.S. Global Development Policy -- the first of its kind by an American administration.  It’s rooted in America’s enduring commitment to the dignity and potential of every human being.  And it outlines our new approach and the new thinking that will guide our overall development efforts, including the plan that I promised last year and that my administration has delivered to pursue the Millennium Development Goals.  Put simply, the United States is changing the way we do business.
     First, we’re changing how we define development.  For too long, we’ve measured our efforts by the dollars we spent and the food and medicines that we delivered.  But aid alone is not development.  Development is helping nations to actually develop -- moving from poverty to prosperity.  And we need more than just aid to unleash that change.  We need to harness all the tools at our disposal -- from our diplomacy to our trade policies to our investment policies.
     Second, we are changing how we view the ultimate goal of development.  Our focus on assistance has saved lives in the short term, but it hasn’t always improved those societies over the long term.  Consider the millions of people who have relied on food assistance for decades.  That’s not development, that’s dependence, and it’s a cycle we need to break.  Instead of just managing poverty, we have to offer nations and peoples a path out of poverty. 
     Now, let me be clear, the United States of America has been, and will remain, the global leader in providing assistance.  We will not abandon those who depend on us for life-saving help -- whether it’s food or medicine.  We will keep our promises and honor our commitments. 
     In fact, my administration has increased assistance to the least developed countries.  We’re working with partners to finally eradicate polio.  We’re building on the good efforts of my predecessor to continue to increase funds to fight HIV/AIDS, increasing those funds to record levels -- and that includes strengthening our commitment to the Global Fund for AIDS, TB and Malaria.  And we will lead in times of crisis, as we’ve done since the earthquake in Haiti and the floods in Pakistan. 
     But the purpose of development -- what’s needed most right now -- is creating the conditions where assistance is no longer needed.  So we will seek partners who want to build their own capacity to provide for their people.  We will seek development that is sustainable.
     And building in part on the lessons of the Millennium Challenge Corporation, which has helped countries like El Salvador build rural roads and raise the incomes of its people, we will invest in the capacity of countries that are proving their commitment to development. 
     Remembering the lessons of the Green Revolution, we’re expanding scientific collaboration with other countries and investing in game-changing science and technology to help spark historic leaps in development. 
     For example, instead of just treating HIV/AIDS, we’ve invested in pioneering research to finally develop a way to help millions of women actually prevent themselves from being infected in the first place. 
     Instead of simply handing out food, our food security initiative is helping countries like Guatemala and Rwanda and Bangladesh develop their agriculture and improve crop yields and help farmers get their products to market. 
     Instead of simply delivering medicine, our Global Health Initiative is also helping countries like Mali and Nepal build stronger health systems and better deliver care.  And with financial and technical assistance, we’ll help developing countries embrace the clean energy technologies they need to adapt to climate change and pursue low-carbon growth. 
     In other words, we’re making it clear that we will partner with countries that are willing to take the lead.  Because the days when your development was dictated by foreign capitals must come to an end.  (Applause.) 
     This brings me to a third pillar of our new approach.  To unleash transformational change, we’re putting a new emphasis on the most powerful force the world has ever known for eradicating poverty and creating opportunity.  It’s the force that turned South Korea from a recipient of aid to a donor of aid.  It’s the force that has raised living standards from Brazil to India.  And it’s the force that has allowed emerging African countries like Ethiopia and Malawi and Mozambique to defy the odds and make real progress towards achieving the Millennium Development Goals, even as some of their neighbors -- like Cote d’Ivoire -- have lagged.
     The force I’m speaking about is broad-based economic growth.  Now, every nation will pursue its own path to prosperity.  But decades of experience tell us there are certain ingredients upon which sustainable growth and lasting development depends.
     We know that countries are more likely to prosper when they encourage entrepreneurship; when they invest in their infrastructure; when they expand trade and welcome investment.  So we will partner with countries like Sierra Leone to create business environments that are attractive to investment, that don't scare it away.  We’ll work to break down barriers to regional trade and urge nations to open their markets to developing countries.  We will keep pushing for a Doha Round that is ambitious and balanced --one that works not just for major emerging economies, but for all economies.
     We also know that countries are more likely to prosper when governments are accountable to their people.  So we are leading a global effort to combat corruption, which in many places is the single greatest barrier to prosperity, and which is a profound violation of human rights.  That’s why we now require oil, gas and mining companies that raise capital in the United States to disclose all payments they make to foreign governments.  And it’s why I urged the G20 to put corruption on its agenda and make it harder for corrupt officials to steal from their own people and stifle their nation’s development.     
     The United States will focus our development efforts on countries like Tanzania that promote good governance and democracy; the rule of law and equal administration of justice; transparent institutions with strong civil societies; and respect for human rights.  Because over the long run, democracy and economic growth go hand in hand. 
     We will reach out to countries making transitions from authoritarianism to democracy, and from war to peace.  The people of Liberia, for example, show that even after years of war, great progress can be achieved.  And as others show the courage to put war behind them -- including, we hope, in Sudan -- the United States will stand with those who seek to build and sustain peace.
     We also know that countries are more likely to prosper when they tap the talents of all their people.  And that’s why we’re investing in the health, education and rights of women, and working to empower the next generation of women entrepreneurs and leaders.  Because when mothers and daughters have access to opportunity, that's when economies grow, that's when governance improves.
And it’s why we’re partnering with young people, who in many developing countries are more than half the population.  We’re expanding educational exchanges, like the one that brought my father here to America from Kenya.  And we’re helping young entrepreneurs succeed in a global economy.
     And as the final pillar of our new approach, we will insist on more responsibility -- from ourselves and from others.  We insist on mutual accountability.   
     For our part, we’ll work with Congress to better match our investments with the priorities of our partner countries.  Guided by the evidence, we will invest in programs that work; we’ll end those that don’t.  We need to be big-hearted but also hard-headed in our approach to development. 
     To my fellow donor nations:  Let’s honor our respective commitments.  (Applause.)  Let’s resolve to put an end to hollow promises that are not kept.  Let’s commit to the same transparency that we expect from others.  Let’s move beyond the old, narrow debate over how much money we’re spending, and instead let’s focus on results -- whether we’re actually making improvements in people’s lives.  
     Now, to developing countries, this must be your moment of responsibility as well.  We want you to prosper and succeed -- it is not only in your interest, it is in our interests.  We want to help you realize your aspirations as a nation and the individuals in each of your countries. 
     But there is no substitute for your leadership.  Only you and your people can make the tough choices that will unleash the dynamism of your country.  Only you can make the sustainable investments that improve the health and well-being of your people.  Only you can deliver your nations to a more prosperous and just future.  We can be partners, but ultimately you have to take the lead.
     Finally, let me say this.  No one nation can do everything everywhere and still do it well.  To meet our goals, we must be more selective and focus our efforts where we have the best partners and where we can have the greatest impact.  And just as this work cannot be done by any one government, it can’t be the work of governments alone.  In fact, foundations and private sector and NGOs are making historic commitments that have redefined what’s possible. 
     And this gives us the opportunity to forge a new division of labor for development in the 21st century.  It’s a division of labor where, instead of so much duplication and inefficiency, governments and multilaterals and NGOs are all working together.  We each do the piece that we do best -- as we’re doing, for example, in support of Ghana’s food security plan, which will help more farmers get more goods to market and earn more money to support their families. 
     So that’s the progress that’s possible.   Together, we can collaborate in ways unimaginable just a few years ago.  Together, we can realize the future that none of us can achieve alone.  Together, we can deliver historic leaps in development.  We can do this.  But only if we move forward with the seriousness and sense of common purpose that this moment demands. 
     Development that offers a path out of poverty for that child who deserves better.  Development that builds the capacity of countries to deliver the health care and education that their people need.  Development that unleashes broader prosperity and builds the next generation of entrepreneurs and emerging economies.  Development rooted in shared responsibility, mutual accountability and, most of all, concrete results that pull communities and countries from poverty to prosperity. 
     These are the elements of America’s new approach.  This is the work that we can do together.  And this can be our plan -- not simply for meeting our Millennium Development Goals, but for exceeding them, and then sustaining them for generations to come.
     Thank you very much, everyone.  Thank you.  (Applause.)
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