Norman Macrae -The Economist pro-youth economist -bravo sir fazle abed & jack ma
Ideas on Practices Needed:
the minimum we need is that Queen Sofia hosted madrid summit nov 2011 aims to help identify this beginning with asking delegates to
1 nominate any institutions that they believe are financial services social business
2 nominate those that want to be, but need to explain what new legislation or other barrier currently stops them from being such - we need to colect the data on the segmented conflicts
we could arrange an ongoing judges panel formed by those who have built social business financial services or (eg Bula) who most want their country's youth to be free to have such entrepreneurial and job creating access - and to start up all we need is one bookmark to a light bit of information technology so that development of who's certifying and being certified is a discussion space as well as a certification space
reasons for doing this
1 instead of a phd thesis with keynes my dad went to The Economist and published 1955 a book on London Capital market - his conclusion as well as 300 pages of supporting evidence is that the main purpose of a capital market is as a place's intergenerational development and sustainability catalyst since it connects peoples long term savings and so needs to serve community-up not the fatal conceits (hayek) of macro-down; over the next 20 years dad's writings at The Economist diarised how a whole breed of macroeconomists destroyed this core entrepreneurial reason of a capital market so that today stockmarkets are seen to be where corporations with no responsibility for sustainability of particular places raise unvestment; his 1972 survey the next 40 years clarified what to chnage if global finacial meltdown was not to be 2010s endgame - today we are ruled by economists as politicians not as numerate mathematicians (also the great compound risk inquiry of von neumann)
1a a country without a space for systemising a peoples savings , globalisation of capital markets will always be biassed against investing in local youth and against job creation and against growth that sustains win-win-wins internally and across borders; macroeconomists as a species are only qualified to proffer advice on how to disinvest in youth and externalise in ways that conflict with nature's valuation criteria; this was obama's us many decades-problem at inauguration when his macroeconomic advisers failed to get the rich owners of the wall streets colkapsed banks to take the hit -thus as per my dad's last article imprisoning youth in all developed nations caught up in sub-prime to disinvesting in youth through the 2010s --- just as this could have been net generation's most exciting decade if we matched investments and so job creation to youths heroic millennium goals;
1a rumors are mounting that yunus address to US congress wil not happen before madrid; if this is so madrid's announcement of uniting any networks and youth that can around SB stockmarket of financial services is the last world scaling space we have before US and French election years- in other words resolving all the conflicts that hasina is a magnet for will never be scheduled in time to help bangladeshi youth be free to enjoy co-leading the net generation
1b if you do announce this, we can stage round the summit dialogues on how micro would refinance europe; unless we do that macreconomists austerity rules all boil down to quarrels over whose youth should pay for the bail outs by being disinvested in; simple logics of dr yunus like there is always local money if you look for it are what the mindsets of macroeconomists are incapable of mapping; queen sofia's greece's financing problem would best be resolved by making the church responsible for most of the bail out as its non-church investments exceed the amount required and accidentally the orthodox church's staff are at the epiicentre of the ponti scheme that greek public pensions has become
2 it wouldnt be difficult for naila's call to youth technologists everywhere to co-create any software needed to iteratively improve discussion of who's in and not yet in the social business stockmarket of financial services- and perhaps this could also be a way of uniting those techologists eg kiva most inspired by yunus but not yet with a project completely compatible with his life's purpsoe
2a would you believe that rockefellers foundation once gave a grant to a guy to form a social stockmarket of financial services but when I phoned him he said he wasnt the slightest interested in the content he just wanted to own the technolgy box so that everyone paid him royalties in perpetuity; late august friends and I are interviewing anyone we can get to at MIT (with the help of the dean whose research shows MIT to be the number 1 job creating institution in educatin's world) who wants technology to help socially with media or banking; you may know that MIT's berners lee is already uk prime minsister's cameron's main adviser on social technologies and his idea of utilizing half a billion dollars of dormant bank accounts to invest in youth is one most advanced nations could co-share
2b the social business of financial services and the social business of media are closely interconnected not just because of rockefellers problem in not being able to choose a social buiness IT person; without a vibrant public service brioadcast sector there is no chnace of developing a gooid news stream on the challenges heroines and heroes face in the races to end hunger and end poverty; will wenders film at www.notimeleft.org shows the sort of content that newscasters could be celebrating around young, local and micro empowered communities
2c ultimately the bigger mess of murdoch is his relationships with politicians in the uk were always designed to destroy the bbc as an opposite type of medium to comercial television; he has done such a perfect job that to please macroeconomist political think the bbc took a lead in harrassing yunus and enabling hasina to do so; by helping royals see that they as long term guardians of youth futures now need to debated social busienss media and social bsuienss banking by identifying where to interactively log up emerging social busiensses in these 2 sectors, spain in november 2011 is just in time to raise so many debates least of all the one the UK needs to reframe if the right lessons from murdoch or to be celebarted prior to queen elizabeth's swansong celebration of youth - olympics 2012
3 other sustainability issues like green and health and education are explained by the similar rotten macroeconomiocs as a virulent shirt-term analysis method convergent on making youth pick up all the bills; this for example explains japan's over-investment in nuclear- the social business srockmarket of green is something royal families across europe need to co-launch with my father's friends the imperial family of Japan
4 write up a one page announcement on this with microcreditsummit notepaper and we can invite journalists who dont usually come to microcreditsummit - eg marjorie scardino chairlady of pearson and financial times suggested she could help
European Commission President José Manuel Barroso made the following statement to the press after his meeting with Professor Yunus.
"I would like to express the EU's recognition for the successful work of Professor Yunus, whose tireless commitment deserves our profound respect. Strengthening social business and promoting innovative methods of accessible finance is not only a matter of justice. It is also and a concrete way to help the poorest of the poor and a smart investment in our shared future. The European Commission will therefore continue its substantial aid to micro-credit projects across the globe."
They also discussed the introduction of appropriate laws and regulations in the European Parliament that would support the development of social business.
Professor Yunus also attended a session in the European Parliament. President of the parliament interrupted the proceeding of the parliament to announce the presence of the Nobel Laureate Professor Yunus in parliament as a distinguished guest. Parliament gave a big applause to greet him in the parliament.
Later the Parliament President Jerzy Buzek received him in his chamber. He made the following statement to the press:
"Microcredit should be supported around the world. I would like to welcome in particular the microcredit facilities in Bangladesh - the native country of Professor Yunus." Buzek also praised the concept of social business, pioneered by Professor Yunus and hoped to work on ways to help new partners connect with social business.
Mr. Buzek, former Prime Minister of Poland invited Professor Yunus to Poland to introduce social business to the business leaders of Poland. He offered to organize the tour of Professor Yunus to Poland.
A revealing yesterday - the future of international business
A survey "The Next Forty Years"of Multinational Business in which Norman Macrae first blends the valuation roles of exponential economics and future historian. He compiles a listing of macroeconomic short-term fixes prompted by world wars that need to be addressed if the world's entire financial