Norman Macrae -The Economist pro-youth economist -bravo sir fazle abed & jack ma
note to young professionals inspired byjim kim and amy:
if you only ever study one metric system know the rules of the war beteen goodwill and badwill network partnerships -they will determine whether under30s work to unite sustainability goals, or not
most movements that chnage the world invilve at least 10 partners coming together- goodwill spital postively the longer you are loyal to them - pictire that with an uprward exponential - badwill spiral negatively - they trap most people who are loyal to them intolosing freedom and happinnes while a few big brothers 9eg heads of bad banks) take all
laws of partershops value multipliers:
goodwill issustained only if all 10 are all goodwill individualy and how they flow across each other - nb one badwill partner will definytely destro bthe whole; even goodwill ssytems have problems uniting tgheir borsrs - son it doesnt eman that just because you are linking in 10 goodwill parters that the whole will be sustaoinable
biggest youth case- muhammad yunius lost 32 billion dolars of youth empowrerment by not being advised well on these sorts of metrics - the result circa 2010 the whole of his gratest innovationpartenrs were taken over by the governkent who threw out the poorest vilage women owners at the same time
if you decide to develop on a MOOC on a related topic, lets see if we can partner - preparation of this MOOC is one of several processes in the convergent call for the world's first microeducationsummit
Norman Macrae Foundation www.NMfound.net 5801 Nicholson Lane Suite 404 N.Bethesda MD 20852Tel 301 881 1655 email email@example.com
cashless banking mooc - www version 1 -emergent since december 2012
1.0 HOW TO prepare for last chance of banking purpose fit for sustaining society all over the world -getting cashless banking right
read The Economist's Unacknowledged Giant's last article (2008) - on how richer nations' big banks failed to identify the internet's most affordable innocvations of cashless banking - read stiglitz article 2012 on turning back from the USA error of society serving bankers needs to bankers serving society's needs; read 1972 survey in The Economist - next 40 years : what would need to be locally integrated into coming globalsiation if worldwide financial system not to collapse in 2010s
Why Cashless Banking and Where has it emerged so far?
Brainstorm possible Suggestions on how to make local banking 10 times more affordable now that electronic records replace manual bookeeping and most social customers of banking have online access either through affordable mobile, tablet or laptop
so far cashless bankiing has provide extraordinary value to people where very specific contexts have been locally most valuable
eg case 1in kenya since 2007? - mpesa's breakthrougth app was for citizens remitting money to rural areas- befrore cashless banking they had to search out someone trusytworthy to carry the cash by making several hundred mile journey from typically nairobi to poor rural family members hunderds of miles away - with mpesa cashless banking refers to all but the last mile- now the citizen relative buys mobile credit, this is transmitted by mobile phone to the rural relative, who finds an authorised merchant who translates mobile creidt oints back into cash- cashless bankings savings in such a process include no need for "the banker" to be handling any cash (the local merchant who already runs a cashshop does this); no need for the relative to have to ay for the physical transport of the cash
1.1 Affordable first apps depend on local, local and local
Affordable access depends on place - cases
Most affordable first use of cashless banking depends on most costly social needs of old banking -cases
1.2 - as you consider emerging cases : a most interesting question raised by cashless banking process is who should be alowed to start the cash points chain - a bank, a mobile telecom, another type of organisation
-prepare for debate on who starts a currency's credit chain by discussing conclusion from The Hobart Century by Norman Macrae - of the 100 economic problems and potential sollutions offered by the first 100 Hobarts, I find the most convincing to be the most radical - Hobart #70 by Nobel Laureate Professor F A Hayek: The Denationalisation of Money
1.3 which nation's governements will regulate the peoples affodable banking and which wilol be lobbied by big banking PR agents
-case network of 100 nations regulators - see issue 4 of 2011 innovations journal publshed by MIT
case banks with values
DO GOODWILL MULTIPLYING ECONOMISTS EXIST?
Have you heard of?... Economists whose purpose is to help societies design financial services (purpose of banking) to mediate the goals of ending hunger and ending capital abuse of youth through a generation of revolutionary growth potential
The Economist 1.0
Yes - such a group reasoning was what The Economist was started 170 years ago to help society navigate through Industrial Revolution by asking what purpose of each emerging industrial market multiplies better futures for those who spend lifetime as producers of that market as well as those who make demands from that market
The Economist's Centenary Biography in 1943 evaluating its first century of successes and failures -eg an early success was to sack the majority of MPs who had become agents of vested interests including profiting from hunger and getting Queen Victoria to envision her role as changing from head of slavemaking empire to goodwill pursuit of commonwealth
X's Context of Value Exchange -one of the few books ever written by a top flight economist on how to teach economics is that of Kenjneth Boulding - an eyeopening framework to explore is introduced by these words : The historical importance of capilalism is precisely a society where value exchange has beome a more important source of power than threat (for more see moduke coming soon on why mathematicians side with economists who use maps to design win-win-win exponentials not spreadsheets governed so that one most powerful side of value exchnage can extract more and nore from every other every passing quarter). Exercise- what calculation would you givern by if you wished to rules with the elast sustainable metrics ever devised?
Exercise - find out at least one thing that the founder James Wilson of The Economist did in each of his last 18 years of life from 1843 to 1860 -share what interested you most each year with a peer group who live around you and a virtual group.
The Economist 2.1
And - what The Economist launched as Entrepreneurial Revolution (ER) dialogues in 1972 to help worldwide societies navigate post industrial revolution
ER Recommendation 1 : don't let any person run a bank - let alone any politician regulate all your country's banks - unless they can pass an IQ test of Entrepreneurial Revolution's Major Exponential Opportunities and Risks
After the first 10 years of ER dialogues, a primary question emerge for mapping how the first net generation could be worldwide youth's most productive time - what are the 2 dynamics that have empowered our whole human race to exponentially advance simultaneously
1 Access to Cleaner Energy
2 Participation in knowledge networking where knowledge is defined as that which multiplies value in use unlike things that get consumed up
IF we can celebrate education that iteratively (better still recursively) helps youth explore these 2 dynamics everyone gets an opportunity to cross-culturally integrate why the net generation can personally productive and communally sustainable time ours species and nature have ever interacted.
Exercise - define iteratively and recursively? Which definition has been proved by mathematicians to describe a capability that humans have which computers don't?
IN ORDER for youth, teachers and governments to win-win-win in new job-creating education, The Economist suggested debating the most exciting new millennium goal that elders could invest in inviting youth of the net generation to co-produce. The most value multiplying goal was identified to be to end poverty in the sense of ending the world of the 20th century in which one out of 3 communities that babies were born into provided next to no chance to a health and wholly productive life
CALL FOR MICROEDUCATION SUMMIT
What ER processes of education can we identify so that elders help yout co-produce the most exciting goals ever adopted by our species
-student entrepreneur competitions?
Free education for those whose peer networks are motivated by what purposes other than profit-taking
we will occasionally interrupt the building of MOOC cashless banking with some other correspondence between massive collaborators of 2013 year of MOOC
interrupt flow 1 - refer also to collaboration research of youth's 10000 greatest job creatorswith education
thanks for your phone all which prompted me to write this summary of what I feel we all need to explore!!
1 with hindsight it was a great tragedy that 15 years of number 1 millennium goal actionnetworking was convened as microcreditsummit instead of credit*education*open technology. While the grassroots networks that inspired the origin of the summit (BRAC Grameen in Bangladesh) were always about empowering youth's convergence of open tech, education and investment, microcreditsummit implied you had to be interested in banking and over the years it sponsorship got hijacked by big banks and top-down government aid.
2 MOOCs which have emerged from open course ware of MIT but are now being massively and openly marketed by a new start up team at www.coursera.com are the only open education channel that can scale out of rich hemispheres. They are going to be a massive battleground in 2013 because they potentially burst the bubble of big non-job creating universities. MIT if you are rich enough to go there remains the number 1 open tech alumni network with eg berners lee and $100laptop linking out of there
3 However below the radar of the tertiary war over freeing education the idea of searching missing curriculum and letting millions of youth be free by same missing curriculum also applies to primary and secondary. Offline aflatoun has already demonstrated this with financial literacy that emerge for orphans at primary schools in india now being a curriculum used in parts of 90 countries
4 through over 25 years of searching we have found relationships at founder level at least 5 brilliant content changers of education that is bottom-up and designed round all children maximising their opportunities not just academic toffs :
lucknow which continues gandhi/montesorri
south africa free university that partners google africa,mandela, branson
aflatoun both where it is globally coordinated in netherlands and through brac which is its largest scaler
5a i sincerely trust that middle east oscars of education like WISE qatar would not disagree with 5 i have mentioned even as they know others- again sir fazle abed of brac is most connected person being the first WISE world prize winner
BUT many of these foudners are elderly and only brac owns the infrastructure as well as the content -that is why we are spending next 3 months trying to find every way that brac becomes the leader in demanding microeducationsummit - equally brac hasnt studied moocs much yet
incidentally the head of the whole public university system in georgia was first in USA to make his state an open youth competition zone so if you are advancing relationshisp with georgia tech you might want to see if bhuiyan could get him to join in
regarding next 3 months how we can maximise all who could join in - for me involving the japanese as ultimately investors is essential as The Emperor wants net generation to be economical and brilliant at co-producing millennium goals - that is where The Economist and Japan leadership ultimately converge on sharing the same maps with worldwide youth. Also together our contacts at japan and brac can search through mit and linkin all the best relationships as they already know enough of the key open tech people there.
3.0 Banking for and economics of post-industrial revolution
From the early 1970s The Economist started celebrating being the first global and local viewspaper by inviting everyone to map post-industrial revolution - behaviours to value multipy were identified as that of Entrepreneurial Revolution and the vision to connect through every global village was that of sustaining a net generation in which worldwide youth could be grow exponentially more productive. The Japanese in particular demonstrated great gameplays (progressing system thinking of americans like Deming, Drucker, and Borlaug) in the quality leadership of sectors they traded around a borderless world and through which Asian Pacific worldwide collaboration Century 1975-2075 was planted
There were 2 core dynamics of post-industrial revolution
1 knowledge networking can be designed to multiply value (interpersonal productivity) in use unlike the industrial revolution's consuming up of things -when you look at how berners lee launched the web the opportunity to evolve this way was huge- discuss which industry sectors (by different emispheres) tried to free this value multiplier and who tried to destroy it? in particular is there any subnetwork of MBAs that you can find that truly lived up to berners lee's vision
2 the macroeconomic view of externalisation needed to be banished as the greatest maths error man had ever made- extrenalisaion happens when deciso0n-makers in one community knowingly profits from a less powerful community by extracting from its future sustainability. This isnt just a moral value. When you expoemtially compound risk onto another community consequences include war, or ecoligal destruction or plague. All of these dynamics spread cancerously across borders- professins that rule as if such flows are separable are perfectly wrong.
What's most interesting is how the second phenomeno double loops with the first. The more interconnected we become as the first net generation the faster the risks of exponential destruction from the losers game of extrenalisation. Consequently entreprenurail revolultionaries search out multi-win models that go way above zero-sum thinking. They replace dismale economics of scarcity with joyful economics of abundance
Sp take a second lood at how we need to design these double-loop phenomena. We need to celebrat emoore's law not only applying to the capacity of silicon to go micro (doubling every couple of years or so) but death of distance apps where knowledge once coded can be action replicated anywhere that online access is avialable (which thanks to satellite costs not being primarily a cost of disnace can mean every community simultanously)
The industrial revolurion's value exchanging infrastructires were sourced in unleashing energy that was hundreds then thousands of times more powerful than man or horse! However extrenalsiation's expoentially rising costs of compounding waste were not fatored in - a teriifting ecom-mistake. However we can innovate plenty of non-carbon soirces of power - solar, wind, ocean power, photosynthesis and even biogas that turns one systems carbon waste output into another system energy input.
Back in 1984 economists inspired by over a decade of post-industrial dialogues, mapped out 3 billion new jobs that wise elders would invest in the net genartion colaborating around. You can call a thors of tese primarly e- (knowledge networking that multiplies interpersonal productivity) a billion primarily green, and a billion that work on regenarying every community sultansouly so that wherever a child is born she has a fair chance of grwing up healthy and entreprenurially smart. So opentech and green energy invested in revolutions in communal health, smarteeducation, nutrional and clean water access for all are what post-industrial revolution banking can prioritise as investments- and t6o do so multi-win models which sustain rising exponentails - not compound risk models that bubble up and exponentially collapse become the game to celebrate playing all over our planet http://wholeplanet.tv