IN SEARCH OF FREE MARKETS

Many generations of my family have worked on media and measurements. Until recently,             
                                                                    three of us could meet and testify to social surveys we had helped question in over
                           100 countries. This reflects a consequence,                                                       of being colonised by England around 1700 - more                                  
                                               Scots have since the mid 19th Century sustained lives around the world than in Bonny Scotland. 
                           

Our experience is that Free Markets are the most wonderfully creative
                           systems that                                                       humanity can design, and develop provided  there
                           is both mass and truly diverse understanding of how to                                                       ensure they compound
                           exponentially purposeful and transparent futures

Free markets generate
                           healthy society and thence strong economics. They do this when they empower everyone to have a                           
                                                      chance to produce things and services others most need, as well as sharing vital knowhow between
                           generations and across cultures[i]. 

As with any beautiful human relationships system there is always
                                                                                 a need to guard against those who might spoil it. Before children start
                           to focus on their own job creation - and definitely                                                       before they reach
                           impressionable teenage years – today’s schools need to empower worldwide  entrepreneurial       
                                                                          debates on  “what sorts of ways are there to destroy free
                           markets?”. 

Thought                                                       for the Decade: President Obama: 16 April 2010: We know                                             
                                    that without enforceable, common sense rules to check abuse and protect families, markets are not truly free

It is free markets that
                           help every human being                                                       develop the context-rich creativity they were
                           born with and can communally access.  So as world citizens                                                  
                               for 60 countries testified to at the first Presidential Summit on Entrepreneurship  in Spring 2010, we need
                                                                                 to be networking fables “sans frontiers” to prevent characters
                           from the cast of Orwell’s Big Brother from                                                       spoiling free market
                           systems. These include such dismal forces as

• Speculators

• People with power complexes who seek               
                                                                    to own a market instead of earning a hi-trust space in it

• Misguided professions who have been bought
                             out by those with the                                                       most money – an economics sponsored by the
                             big gets bigger is neither free, nor economical nor exponentially sustainable.                                           
                                        Given that free societies grant professions a semi-monopoly to rule over us, the risk of professions take a wrong
                             turn on                                                       whole truth is a concern that Scottish members of my family
                             tree have been engaged in from peers of Adam Smith to this day.                                                       

• Forbidden         
                                                                          questions media – where some topics are continuously censored from 360
                             degree public debate, or deliberately misinformed                                                       or wrongly measured
                             with rewards going to those whose rush for short-term gains introduces conflicts that spread like cancer                 
                                                                  in a once healthy free market system

My father had an                                                       unusual experience as an economics journalist.
                           Itinerant Childhood growing up in British Embassies – witnessing first                                             
                                    hand lies that governments like Stalin’s and Hilter’s told; In World War 2 learning economics from an
                           Indian correspondence                                                       course whilst waiting to navigate RAF planes out
                           of Bangladesh before going up to Corpus Christi College Cambridge University                                             
                                    as our family’s missionary tradition patterned; Father-in-law’s mentoring as Bar of London Barrister
                           who had learnt                                                       from 25 years of continuous mentoring and mediation experience
                           with a peer barrister: Mahatma Gandhi. 

By the time Norman Macrae
                           (http://worldconomist.net/ ) started writing leaders for The Economist in 1949 he decided never to look at Press Releases. Instead, he would read lots
                                                                                 of stuff which unknown but passionate local observers of economies posted
                           him. He would surround himself in a lot of data,                                                       mentally delete any
                           number where the process of the analysis was unclear, and look for what simplest human learning needed                   
                                                              future debate with an eye to joyfully celebrating innovative social actions.

This made him one of the few investigative journalists of Free Markets  during
                           a quarter of a century                                                       which was to creep up on the integrity of assumptions
                           that are core to Adam Smith’s work , and indeed all the Scottish                                                   
                              and French  whose auld alliance was central to the core values of generations of entrepreneurial alumni  
                                                                               of Adam. The third quarter of the 20th century was one when the richest
                           nations in NW hemispheres caught two macroeconomic                                                       diseases: the television
                           age’s advertising spots, and the loss of true democracy when governments grow big spending                         
                                                        money on military arms and being lobbied by big get bigger not the free get freer.

Over 40 years the vocabulary of dad’s writings increasingly became anchored
                           round the idea of the entrepreneur.                                                       Dad would say however much macroeconomists
                           might pollute the systemic understanding that other free market concepts had been                                        
                                         built round, the entrepreneur was relatively foolproof. After all, “between take’ referred to the
                           asset transfer                                                       of cutting off the heads of royalty who had been monopolising
                           productive assets. When entrepreneur was coined around 1800,                                                       its meaning
                           revolved round the inter-generational purpose:  exponentially rising sustainability of French               
                                                                  peoples’ liberte , egalite and fraternite. 

Norman Macrae’s                                                       work took on increasing
                           levels of urgency at the start of the fourth quarter of the 20th Century when he started penning his                     
                                                            trilogy of Entrepreneurial Revolution that began with his Christmas ay survey in The Economist
                           1976. This reviewed how almost                                                       all the hi-trust assumptions of Adam
                           Smith’s Free Markets had been broken but needed to be fitted back together again                                   
                                              in what Einstein foresaw, while had working closely with Gandhi  in 1930s,  as
                           networked                                                       mankind’s higher order examination of integrity. 

ECONOMICS                                                       OF YOUTH

Sequencing matters for                       
                                                          humanity’s journey into the future to be both a safe and a sustaining one for 7 billion.
                           Young people needed mass understanding                                                       of free markets before the generation
                           of the next half century to 2025 goes irreversibly global . This future history mapping                                  
                                               will be the responsibility of those of us alive in the first quarter of millennium 3. We the peoples who
                           evolve the first                                                       net generation and such unprecedented economic dynamics
                           as the death of distance. By 2025 community sustainability will be                                                       either
                           10 times more economic or ten times less economic. Invoking the Kenysian charter that only economics rules the world,    
                                                                             Norman invited us all to desperately seek out where                                                       the deepest
                            microeconomics futures were being tested so that free market transparency could be celebrated                    
                                                             by 3rd millennium worldwide youth.

FUTURE CAPITALISM

From
                           this deep and long perspective, it is clear                                                       in 2010 that we are breaching
                           a final crossroads. Father’s last article written Christmas Day 2008 mapped where we will                          
                                                       spin too http://yunusforum.net/?p=80  if we continue to be dictated by the metrics and media of Wall Streets, Madoff avenues, Governments where 
                                                                                the voice of the old rules 19 to 1 over that of the young,  and
                           the EuroZone denial of compounding local                                                       economic gravity. 

However being the optimist for humanity that his                              
                                                   editorial style rules required economics journalists to value multiply, he noted how happy youth can
                           be if we help them choose                                                       to celebrate Dhaka as en route to every sustainability                                     
                                            capital. Being one of the last nations to free itself from English Empire’s unintended vicious consequences
                                                                                  “Micro Bangla” culture had blessed this nations
                            economic leaders with the microentrepeneurial                                                       best practices
                           of Scottish internationalist webmakers and French revolutionaries. 

2010s: THE TIME IS NOW

The
                                                                                 system design that Nobel Laureate Muhammad Yunus calls social business
                           can indeed be planted to resolve the whole truth exchanges                                                       of productivities
                           and demands of any vital global village market. 

The opportunity is afforded
                           by the Journal of Social Business to catalogue the worldwide range of “pressing needs                              
                                                   markets”   The most extraordinary economic consequences of all can
                           come from resolving                                                       poverty’s broken system’s first in the
                           way we use mobile networking to bring down degrees of separation on ;life                                                
                                 critical knowhow. We can all build on studies of microeconomic market models out of Dhaka since Banking for The Poor’s conception in 1976. We can celebrate 10 times more economic models
                                                                                 at the community level. 

It is also entirely possible to map 10-win free                                                       market designs
                           and exponential rising. There are entrepreneurial models of productivity for most of the left side value multipliers     
                                                                            – eg “we are all intrapreneurial now” (1982) being the
                           model for empowering service franchise teams; and                                                       open source models
                           being foreseen by Johny Von Neumann as the way children of the father of modern computing would network                  
                                                               way above zero sum models 

Thank goodness for the women and children of Bangladesh’s global mobile villages. They inspire us with the opportunity to see the simplest way to do this first where
                                                                                 all the spoilers of free market systems are removed by the simple social
                           business system rule of making the ownership role                                                       and that of the customer
                           in intergenerational greatest need one and the same. In effect, the new nation of Bangladesh co-created the perfect privatization model that father had long been                            
                                                     searching . This emerged by making The MicroEntrepeneurship Party non political and the entrusted
                           to a rural network of women                                                       who became the safest owners banking has
                           ever seen, as well as earners of half a Nobel Peace prize.

.Other
                           models that compound the most purposeful system designs that particular free markets                                     
                                            are capable of nurturing can be selected round the 10 value multipliers are indicated in the picture above
                           provided we never                                                       stray too far away from the legal constitution of
                           social business .

REALISM NOW OF MICROECONOMICS & COLLABORATION
                           SOCIETY

Can we be realistic about
                           the compound opportunity and threats that the 2010s decade is                                                       responsible
                           for looking forward to our human race’s evolution through the 3rd millennium ? As our net generation’s       
                                                                          system design become ever more connected than separated we will need in tis
                           decade not only to map the difference between                                                       spinning 10-win or 10-lose
                           exponential futures but systems squared ie 100-win or 100-lose futures  The speed                           
                                                      at which the global financial system was brought to its knees is a clear and present warning of
                           the times we are co-creating.                                                       

This surely makes Muhammad Yunus’ invitation to make the 2010s                                               
                                  the most exciting decade. ring true wherever the young in heart are free to experiment and interact. Why not survey
                           youth                                                       on what sustainability goals they want to see transparently and
                           exponentially rising by 2020?  The conflict-free                                                       maths
                           exists to map back trillion dollar audits so that local markets are freely integrated into global ones- if we  carefully
                                                                                 choose Collaboration Partners to open source it http://futurecapitalism.ning.com/  

[i] The question arises : should any market be free to evolve. The way mature democracies mediate this is critical; particularly
                                                                                 the more massive our media. Mistakes that seem to have spiraled viciously
                           in developed countries during quarter 3 of century                                                       20 are that need
                           urgent widespread as well deep context debates :

markets for
                           arms- now far the largest market many taxpayers pay for

markets for health which have been permitted                          
                                                       to become exponentially more costly not economical

The surpression of clean energy markets

We need
                           to understand how powerful lawyers have very bad compound impacts on markets. Often a                                    
                                             marketplace made a risky decision because at that time there was no knowledge of the risks. By the time
                           the risks to life                                                       are clear, big corporations in the market are often
                           rewarded for covering up since the costs of legal filings by societies                                                   
                              would bankrupt the company. For example, this has  terrible consequences on food and fertilizer industries
                                                                                 in some countries where we continue feeding our kids petrochemicals
                           instead of once healthy foods.

Other complexities are caused                                                       by markets
                           where an activity would seem socially undesirable – but perhaps its wise no to stop among consenting adults.       
                                                                          Banning markets tends to drive then into mafia hands not to abolish them

Perhaps
                           the worst markets since our blossoming                                                       networking age involve financial
                           services and professionals that have lost their Hippocratic oaths. These can permanently                                 
                                                destroy the future prospects of our next generations – the exact oppotiye of the primary family-investing
                           value that                                                       has this far sustained our human race. Are the lights going
                           out on eg Am,erican youth right now http://www.nytimes.com/2010/08/09/opinion/09krugman.html?_r=4 

There are various things that I didnt even know existed when I tried to write up the 5 collaboration invitations around the world. If Grameen takes one of their editors to my first effort, it can be 10 times better

first I didnt know over 100 people from congress had written to the world bank asking for 200 million dollars to promote collaboration centres of excellence in MFI world (pdf attached not to be circulated openly until public)

second I didnt have the Q&A of Dr Yunus from his world affairs council talk in california in november

Jane Wales:

Dr Yunus- because you’re the world’s best problem solver I have ever known , I am going to ask you about some of the things that are in the plate of the next president of the united states. He will come in and he will face

• poverty including new poverty at home and abroad
• the employment crisis
• the need to provide quality education for all
• the need to provide affordable healthcare
• post-conflict reconstruction and reconciliation

if were you advising the new president, would you urge him to take an integrated approach or to deal with each independently?

Muhammad Yunus

well I can only tell him of my way at looking at it –first of all if he wants to be serious about poverty – after all, the president of US is de facto the president of the world, so what he does impacts the whole world. So when he talka about poverty he provides the leadership that others take.

Now we have the millennium goals which are a wonderful set of goals which inspire all the world but were unfortunately derailed by other things that came up so first of all restore total support for the millennium development goals and withdraw from other stuff united states got involved in such as war on terror,

so concentrate on the one of making sure we achieve the millennium goals, achieve them 100% this will be a tremendous achievement for the whole world that we have done something its not some of UN goal setting and forgetting, this is a real goal and a realty to celebrate having done it

and then for this president the best thing is to show total commitment of ending poverty set a new date when the world can be at zero poverty – we have 2015 at halve poverty so why don't we set the next goal zero poverty so that we know this is the direction we need to take,

when we set the date everything else will fall into place:

how do you measure, how do you do it there are several things that will play an important part

1 microcredit because it has shown its effectiveness in unleashing the capacity of people

2 technology how to bring technology to the poorest people so that they can change their whole world

3 healthcare

so its nothing separated, its integrated but you cant have one organisation doing everything, you need several organisations but focused so that everything is achieving the same goal to lift the person

and as the president is declaring the date for zero poverty in the whole world at the same time encourage the united states to set their date when their city be zero poverty when their county gets to zero poverty - if someone says well we have no poverty how do you know if you have poverty or not –its very simple the first question I ask is do you have a welfare program, a welfare department? As long as you have a welfare department you have poverty, otherwise why do you have it, poverty means that nobody is on welfare tat is clear sign so you have to close down your welfare department, find something else for those people to do, so all the related things you have to welfare you close down as you have crossed that level and you are never going back- city by city, county by county, state by state, it can be done and it will encourage everyone else –

that state can do it, we can do it

this is the way to go, so poverty will be the challenge –and once you have solved poverty other solutions come right away, environment will come right away- like in the case of bangladesh environment and our survival is an integrated problem, we are the ones on the front line – eliminated by global climate change because of our flat country, so for us its such an important issue

the united states missed the whole leadership on the global warming issue, never got to the Kyoto protocol and as a result the whole world got derailed, ..so now is the chance to go back to preparing for the 2012 UN binding resolution .. that way you n=know where you are

the moment government becomes serious , technology starts going in, its not a question of it cant be done , simply we have to make a serious commitment that we will do it-the moment we make the serious commitment, technologies will come , how do we replace the things that are causing the problem, replacing them with new technology without harming anyone in any way

the present way of living life in a way which might enjoy life today but may be harming someone else’s life somewhere on the planet, its not a good feeling: I am doing something that puts someone else life at stake because of the way I do things – so the basic principle we should all adopt, every child should be taught, every family be taught my way of living should not harm anyone else , and that’s how I would like to live

its possible once you make that commitment all the environmental problems will be solved

third I was not aware that http://microenergycredits.com aimed to extend its mobile community accounting partnerships with MFIs in making a market of 250 million zero-carbon households to other millennium goals where rewards could be given to poor communities that innovate replication's way http://fieldsupportlwa.org/energylinks/microenergycredits

I expect that the various ways people are building around dr yunus and bangladesh and kenya as a collaboration centres of gravity for sustainability world are far more than those I have accidentally heard about. In 2009's yes we can year, he has become the person my father's 1984 script on the future of human sustainability anticipated cheerleading collaboration economics world

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

chris macrae

http://macrae.tv

norman macrae uk (0) 208 543 2159

chris macrae usa 301 881 1655
previously
25/12/08, Mostofa Zaman, wrote:

From: Mostofa Zaman,
Subject: dhaka report
To: "Christopher Macrae" <chris.macrae@yahoo.co.uk>
Date: Thursday, 25 December, 2008, 3:59 AM

I will report you on my works in Dhaka on Sunday. I will make print the first draft of your 30 page booklet and pass to Lamiya and Yunus I will meet the Grameen fish guys in 3 days and will introduce with Jerry and you.

Jerry

a few mindset-destabilising introductions before I'd want to discuss the future of infotech

1 When Dr Yunus gave the following speech nov 08 at a glasgow uni - one of the audience was - scotland's wealthiest businessman - he is reputed to have stood up and said the least we can do to honor you muhammad yunus is to start some action projects - the vice chancellor then committed to a micro grameen bank for glaswegians some of whom come from 3 generations of welfare - student exchange schemes and a yunus innovation lab at glasgow university are two of the other early consequences to watch out for- if it wasnt so dismally serious after the meltdown of wall street i'd crack up with laughter whenever I hear the word entrepreneur being used by big corporate people- the whole study of entrepreneurship was designed round open systems questioning begun late 1700s by scots (including the 1843 founder of The Economist) and french who wanted to take down english empire systems so that people and communities could be free and happy to be productive and innovative to their hearts content -true entrepreneurs always map with the transparency and openness of microeconomics -knowing, as my father wrote in 1984 in The Economist, that as the mass media age compounded macroeconomics become apalling political chicanery

2 as a teenager infotech empowered going to the moon - bit for collaboration bit man and computing has never been so collaboratively teamworked and productive since -its very dismal compared with what computer learning networking trials that I worked on 1973-1976 in the UK National Dev program discovered could have been and which dad I wrote up in time for 1984 http://www.normanmacrae.com/netfuture.html dad had also surveyed silicon valley at its birth for The Economist- its very sad what compounded compared with what venture capitalism could have been -this intro is needed because the paper you sent me jerry isnt framed (doesnt use the lingo the q&a the anything I can find ) for micro people like me to read. It seems written for big managers speak

your last paragraph says the purpose of a business organization is to make profit; even if I didn’t try to champion dr yunus work then unlike macro-Big Brother milton friedman those of us media people who transparently map goodwill true compound/impacts of economics expomentials define the purpose of a business has = to get communally better at its unique purpose while entrepreneurially validating that purpose is in demand by sustaining enough positive cashflow to stay independent and reward long-term investors (who may have been the community that first pioneered the service but whomever they are there needs to be transparency around how much they deserve to take out as opposed to how much goes back into the societies most involved in the impacts of the business on people’s working lives, environmental resources, where the knowledge connects other knowledge etc) - i map economics of all free markets aroubnd a 10-win model based around compounding goodwill and there is no free market economics practice as originally defined by adam smith unless people mediate free speech around this model

the topic of what adam smith meant to be free markets is nicely celebrated in last month's glasgow speech. Of course, you can do both types of businesses. Making money through responsible profit-maximizing businesses could be the means, while using that money for social businesses could be the exciting end.

The solutions to many of our world’s pressing problems could be accelerated through the creation of social businesses.

It is up to you to make it happen.

If you choose this path, paying attention to your conscience and to human sympathy as well as to the design for wealth, you will be the true economic person Adam Smith had in mind.

his talks show that 2 opposite info tech sectors are appreoaching fusion- those whose business models are to capture your work so you are dependent on their system eg led by Microsoft Capitalism and those whose model is the opposite; I call McNeally complex to say the least because he is also quite capable of defending pharma by saying we need large investments in breakthrough stuff; I dont disagree with investment paradox but I dont accept big pharma as a good example of rewarding investment

(arguably if 2 people needed to be locked away in a room for a day to see if their life's flows around ICT have a match it would be yunus and mcnealy as far as my limted information on who moves where infotech goes - perhaps others could vote for what odd couple they would dream of connecting so ict did its best for empowering people instead of its worst for powering over us)

the role of technology in all the crises, we who side with microentrepreneurs and yes we can obama networks are living through, seems to me to open up huge areas of debate but ones that the infotech nerds are by themselves least capable of hosting for humanity's sake and their role in big NW corporations has dismally black boxed; I am not sure if we know some peers who might want to make an email action learning group of where it could go

chris macrae

http://macrae.tv

Dear Friends of Micro/Community-Rising

Although its 18 minutes long this audio podast is worth every second imo

http://fieldsupportlwa.org/energylinks

It describes April Allderdice system being tested in Uganda with microcredit partner FINCA by http://microenergycredits.com This is the sort of example I hoped cgdev's tuesday title of metrics and micro was refering to. Let's map back the future's exponentials to today's community empowerment to see how we get a clean energy market of 250 million clean households carbon credited by whole truth community accounting from the grassroots up.

Most global carbon offset marketmakers like easy plays of monitoring a big facility and all its credits in one observation. So brilliantly MEC gives FINCA a mobile gadget to audit and aggregate individual households which end carbon use with solar and biogas. Energy is the only the first of a series of mobile aggregation credit markets that MEC expects to monitor in proving who is empowering millennium goals and who isn't - community by community which is deeply where all sustainability is won or lost .As Yes We Can trust Obama knows since his mother was a pioneer of microcredit in Indonesia and womens world banking

phew what simple exponentials maths can do! Ironically the previous evening cgdev meeting was all about exponentials. Both Einstein and Von Neumann worked very hard to map why neither accountant nor dev agency let alone economist

http://www.economist.com/displaystory.cfm?story_id=12813430&mode=comment&intent=readBottom

is worth a bean if they separate global from being micro grounded.

2009 is probably sustainability's last crossroads for making that turn round as my dad first argued from his desk at The Economist in 1984 http://www.normanmacrae.com/netfuture.html

We are writing up a brochure mapping the 5 most brilliant end poverty collaboration netwrk invitations that Dhaka's Microeconomists has given the world in the last 30 years which I can post to you (if you like) at the same time as it goes to Dr Y. Ditto I will make a transcript of the above podcast over the weekend. ( -and oh yes the roots of MEC are Dhaka-inspired too.)

chris macrae http://egrameen.com bethesda 301 881 1655 http://macrae.tv