Norman Macrae -The Economist pro-youth economist -bravo sir fazle abed & jack ma
YOUTH SUSTAINABLITY CAPITALISM
Updating Entrepreneurial Revolution Maps for the Net Generation's Made by The Economist's Norman Macrae
Chapter 0 RULING OVER THE FUTURE'S SUSTAINABILITY
After spending his last days as a teenager navigating RAF planes in World War 2 over modern-day Bangladesh and Myanmar Norman Macrae (known to me as dad) went up to Cambridge. There he was mentored by Keynes in the responsibility of economists as increasingly the only people who rule the world's futures. ( 9 minute exercise 0.1, 0.2 - read last 3 pages of Keynes General Theory; then make a maximum 9 minute audio of what you learnt and send it to eg khan academy or friends of Muhammad Yunus)
When you look at the works of British-based economists from Adam Smith to The Economist's founding family (James Wilson, Walter Bagehot) to those of Keynes period, you will find the joyfully remembered ones were those who aimed to develop transparent goodwill multiplying frameworks that improved the lot of our next generations. As Norman Macrae moved from a student at Cambridge to a desk at The Economist he found the next quarter of a century very scary. More and more "economists" forgot about the discipline's historic Hippocratic Oath to do no harm to sustainability of future generations.
How did this happen? It seems to have happened in the same sorts of ways that the people at top of governments increasingly stopped seeing their role as public servants. Two of the most common reasons for this were:
When top-down economists' jobs depend on satisfying bosses rewarded in such ways they design different numerical systems than when they are asking whether ever analytical frame they design is concerned with improving our next generation's potentials. What is particularly dismal is that the impacts of such system on te future have an exponential form .This is a curve of a peculiarly risky sort. As a system starts to be infected by conflicts performance of the system may continue to peak; then as the conflicts multiply it reaches a tipping point after which preventing the system from collapse may be either impossible or far more costly (for the next generation to repair) than (the past generation) not having tipped the system
1972 Freeing the Net Generation through Entrepreneurial Revolution
Seeing students begin to experiment with digital learning networks in 1972 was the joyful happening in Norman Macrae's life precisely because it offered a way out from destroying the sustainability of future generations. This is the context to why Norman Macrae launched the genre of Entrepreneurial Revolution to debate how to newly mediate a post-industrial area involving:
The starting point of Norman's survey of ER in The Economist was that the largest 20th century organisational system - not just government but corporations and NGO ( non-government organsiations) were not systems capable of sustaining the future of net generations. Searching out new systems would be the most exciting job ever done by economists and professions that society gives monopolies to rule over
Today, our next decade corresponds to the last of the future histories that Norman wrote up after the first 10 years of debating Entrepreneurial Revolution with anyone The Economist reached. There is only one main reason why worldwide access to a million times more collaboration technology than when man raced to the moon should not be worldwide youth's most productive and sustainable . That is if we let an errant branch of economists rule over failing system designs - ones that are too big to exist let alone too big to fail
Freedom and happiness all over the world makes it high time to re-assess the 3 billion new jobs we could be co-creating if we used the maps that Norman wrote up in his 1984-2024 reports and if we value those who have spent the coming of the internet's global village networking era by experimenting most courageously in bottom-up and open system design prioritising Norman's 7 ER wonders
7 Economist -the most trusted valuer of open society's futures -part1 -the map
6 Valuing peace and public service in a borderless world
5 Key to green and natural capital revolutions
4 Mediating the millennium's most collaborative goals
3 Open Education
2 Health and mobilising open technology's living apps
1 Banking and currency empowering productive futures
0 Economists -the most trusted valuer of open society's futures -part 2 freedom and happiness of post-industrial revolution
We Create What We Want.
Young people dream about creating a perfect world of their own.
Social business will give them a challenge to make a difference by using their creative talent.
Let us join hands to unleash our energy and creativity.
Collectively, we can create a poverty-free world.”