Who’s World are We Co-Creating
Increasingly only economics rules the world. As a mathematician
I find these words of Milton Keynes about as scary as any sentence I have ever read. They
imply, for example, that hopes and dreams we invest in democracy - or each joyful generation’s hopeful pop songs like
John Lennon’s Imagine - are actually dictated by how peoples, places and society sit within economics’ global
scheme of things.
to understand the scheme of things may also unearth such worldwide discoveries as that of Nobel Peace Laureate
Muhammad Yunus : systemic poverty, into which about a quarter of children are born into round the
world, is a consequence spun by 250 years of man-made economics and woeful media. The mathematician and
investigative reporter in me, passed on through several generations of my family tree, recommends that
21st C humanity (worthy of our species’ sustainability) cannot afford to lurk now that knowledge networks
offer the connectivity to openly linkin all communities to life critical information flows. After 26 years of tracking what
choice of global economic rules, my gut feels that The Time is Now for people empowerment if this is ever to be http://www.normanmacrae.com/netfuture.html www.daringnation.com
Micro’s Sustainability Rising Versus Macro’s Top-Down
I learnt from the lifetime journalism of
The Economist’s unacknowledged giant (aka dad Norman Macrae): Yes Entrepreneurial Revolutionaries Can
progress the human lot by wielding an antidote to those who would confine people to economics’ black
boxes whilst often themselves being ignorant of the future history consequences they are compounding. Always ask of
an economic frame – or decision made in the name of economics- what compound good it does for the next generation.
Assume advocacy of any economics proposition is perpetrated by those guilty of not systemically comprehending what future
exponential they are developing unless they are prepared to openly debate their case.
Unless systems –rules,
communications and investments - are measurable to compounding progress for future generations, economics will achieve the
opposite of what the word implies – bubbling up only to cause costly collapses which often trap communities most disconnected
from where the speculative power began to spin its badwill.
If Adam Smith’s work around the 1750s is accepted as the source of modern day debates on how economics
works, then the scary problem of economics was not of his making, nor of most of his social action disciples through to the
early 20th century. But what happened next was a century of economic fixes and frames sponsored
by the big get bigger in North Western hemispheres’ developed nations increasingly drowned the Hippocractic oaths of
economists and all the rule-making professions which society gives semi-monopoly rights to command over peoples lives. Ironically
we the peoples are too trusting in the assumption that true and fair is organic to each such profession’s behaviours
and the overall multidisciplinary governance that comes from interfacing all professionals. This problem is then exacerbated
wherever academia abstractly thinks separated disciplinary excellence is all that matters. The vain desire
to over-generalise make such ivory towers ever more distant from communities and cultures - global professions
accidentally become the enemy of local grounding and youthful empowerment that is called for wherever life’s deepest
needs require economically customised solutions. This is notable in such community-defining arenas as banking, healthcare,
education, clean energy including waters and foods.
Worse 20th C media - wherever it came about by giving away part of the commons so that governments
can swell their short-term coffers and popularity – reinforces a double-loop for destroying trust and purposeful leadership.
This value destruction is spun in tandem by both the rule-making and communications professions which increase their own costs
year on year at the expense of sustainability of peoples’ and communities’ futures.
THE PURPOSE OF ECONOMICS
For sure, the
timelines of the preceding paragraphs are an over-simplification but in tracking the purpose of the majority of current economists,
they provide a rough guide to the pressures that have unproductively conditioned the last quarter of a millennium of social
and business evolution.
Adam Smith’s primary motivation in inventing the reasoning of economics was to help prevent other
nations of people falling victim to the fate of his beloved Scotland . In an international financial scam round 1700, Scottish
people lost half of all their wealth. The result was the hostile takeover by England euphemistically branded United Kingdom
. Scotland was in effect partitioned as an early colony of England ’s empire. By 1850 over half of Scots had emigrated
making Scots one of the early Diaspora nations with more worldwide peoples than dwellers on Scottish land. The Scottish people
prior to 1700 had invested more in education, family and community development than just about anywhere in Europe . The paradox
of the demise of a nation that cared so much about communities geared to investing in its next generation is the one I keep
in mind in construing every text from Adam Smith’s golden pen. There is continuity in his text and the USA 1776 Declaration
of Independence’s productivity meanings of the words happy and free. Similarly we can interpret the
albeit more bloody revolution of Scotland ’s auld alliance partners the French. Their transfer of assets back to the
people guillotined royalty who had been monopolising productive resources. This is between-take that the coining of the French
word entrepreneur celebrates in society’s intended agency of liberte egalite fraternite.
These undercurrents of economics flow through a quarter
of a millennium first rising as a joyful science and then falling as a dismal science. This is echoed in the moral sentiments
of the centenary biography of The Economist in 1943. Its first hundred years of journalizing had mainly lived up to its Scottish
founder James Wilson’s purpose –originally a social business tool that helped him as a Member of Parliament throw
out of up to 90% of fellow MPs who had become agents of big vested interests (eg the corn laws) not representatives of peoples.
The Economist 1843-1943
centenary at The Economist is a pause in a journey that will continue. To the journalist, a pause for taking stock should
be welcome, since it is the nature of his trade that he cannot stop. Time’s winged chariot is ever
at his back. Rarely does he have the chance to lift his eyes from the immediate road. To look at the wider horizon and to
ask himself where is he going and for what purpose.
is still possible by social action to create a world of justice, freedom, and fraternity and of material welfare. Does
a journal have the right to influence the course of events? Every serious journalist should ask himself this question and
test his answer very seriously. In the case of The Economist, the answer must be that if the journal has no influence then
the work of a hundred years has been wasted and generations of readers have been content to buy the paper in misconception
of its founding purpose.
We refuse to believe that this (world
war 2) is the evening of civilisation. We have perhaps lost the freshness or morning , and in the heat of the day the going
is harder than it was. But high noon is yet before us, given clear thinking and courage , we have yet to see the best of the
journey. In this great caravan, the journal of opinion, if it is to be humble and honest, has its place. The Economist has
stayed with the caravan longer than is given to most. It hopes to stay a great while longer.
It was into this culture that a 26 year
old Norman Macrae walked into in 1949. By this time he had read up on an Indian correspondence course on economics while doing
his day job as a teenager navigating RAF planes out of (modern day) Bangladesh in world war 2. This he supplemented with a
first in economics at Corpus Christi Cambridge at the war’s end. Coincidentally his father’s youth had a slightly
different sequence. Having prepared at Corpus to be a missionary for the Scottish Free church, world war 1 interrupted these
endeavours, after which he decided on the different itinerant lifetsyle of being a consul at British Embassies. It was through
this lens that Norman had first hand observation of capitalism, communism and fascism –and decided that free markets
are often put at risk by big systems and big vanities.
Orwell’s Only Mistake- Timelining the endgame of pervasive technology one generation early?
were the 3 main stories my dad chronicled and their connections resonate with both some social luminaries (Gandhi. Orwell
... ) and mathematical luminaries (Einstein, Von Neumann) of the 20th Century:
· The war between macroeconomist and entrepreneurial
revolutionaries over which exponential futures people will be ruled by
· The sustainability of Asian economics in the second half of the 20th C relative
to NW hemisphere’s macroeconomics – 1962 Consider Japan ; 1975 the coming Asian Pacific Century; 2008 Consider
Bangladesh as microentrepreneurial networking nation
· How the generation 1984-2024 would compound 10 times more or less productivity depending on
the way the net generation integrates societies and economics with all to exponentially play for in the 2010s the most exciting
decade to live on earth
book is concerned with offering economics maps that everyone from 11 years up can help to quiz peers on and so navigate productive
nd goodwill multiplying worlds. We will not primarily work on the 20th century incident list of economics compounding
ever more costs – eg the case after world war 1 where governments suddenly permitted themselves the printing of paper
currencies absent of any precious metal collateral. We are glad to hear that Adam Smith’s own home Glasgow University
is working on a full correction to macroeconomics compendium of wrong turns.
Our map: explore economics built
round human beings’ lifetimes of purpose and endeavour. In preview: Productivity is generated by people. How human beings’
learning curves over time are actioned, the emotionally intelligent energy of the teams we serve, the communal networks of
goodwill relationships we multiply, the purposeful systems empowered by organisations people want, global markets focused
on safely mapping futures youth need investment in if a region is to develop, exponentially sustaining integration of the
diversity of societies’ natural resources and community infrastructure. Economics can transparently map multi-wins between
productive inputs and the demands people make : for jobs, as customers, investors, societies and future purposes that truly
free global markets sustain.