egrameen.com The global economy is collapsing, worldwide youth will be biggest losers, unless rich politicians act and learn from internet by and for the poorest

[chris macrae]

Valuing the net generation The Economist 1972-1984-2010

 

Roads and Crossroads of the Internet History

by Gregory Gromov Chapter #4 - Birth of Web, Browsers Wars ... Birth of the World Wide Web 1990

The Web reminds me of early days of the PC industry. No one really knows anything. All experts have been wrong. Steve Jobs, Wired, February 1996

 

The global economy is collapsing.  Employment of worldwide youth - and parents' children everywhere for generations to come - will be the biggest losers unless the world's richest politicians are modest enough to action learn NOW from internet by and for the poorest.

Let's take a first look at pro-youth internet economics from 1997 which is when mobile telecoms started scaling up in poorest villages of bangladesh though further parses of future's history could go back to start of the web in 1990 and the start of the spreadsheet as the killer app of networks forged by global finance for the world's biggest corporations during late 1980s. This is is when 5 global accountants raced to form a quasi monoply of ruling the world. They destroyed post-industrial economics need for multi-win modeling of goodwill (including transparency and governbing whether the world's laregst organsiations are designed around expoentials built to last or to bubble) because their monopoly depended on ruling the world's biggest eadrship decision with one perfect bottom line number that counted up ownership of things and destroyed valueing every aspect of human development that makes service and knowledge nwtork economies abundant in opposite ways to the scarcity economics of consuming up things

 

Richworld Internet D 1997-2001 Bubbling dotcoms 2000 Publication of Unseen Weath - how global accounting   audits are perfect only at compounding unseen risks To 2004 - bubbling global utilites eg enron worldcom and low-trust financial knowledge management pioneere by Big 5 andersen -part of a series of 100 multi-billion   meltdowns and ponzi schemes To 2008 property and banking bubbles To Now currency and world trade debt bubbles  Even worse note how much of the above -even if there had been some honest regulation does transitory stuff with no future value unlike real knowhow you would want your children skilled in or useful infrastructures of inter-generational wealth building

Poorworld internet Mobiles in villages become like first telegrams to wildwest over a century ago. Economic breakthrough:   most valuable info shared first like where to find a doctor, or a bes tmarket price for a villagers crops, or  advance news of a cyclone/tsunami.   On the ground grameephone becomes one of the world's top 20  mobile telecoms companies and the main comparative advantage of bangaldeshi  youth in sustainably growing a 21st C nation. Back at MIT (the original partnering home of Grameen Tech Labs) philanthropists from teleom business use mobiles to  linkin world's largest job creation network by empowering students to compete to design apps round life  critical connectivity challenges grounded in bottom up social labs. By this time Grameen's architecure is a hub network of 100000 villages centres each represneting the communla productivity of 60 vilage mothers.

 

As keynes revealed in Generral Theory-  our human race needs to see that the world will be ruled by one of two opposite sorts of economists - those who desigtn the futures that peoples need most OR those who destroy futures poples need most.  

 

Eraly 20th Century economists and topdown decision-makers didn't enjoy enough historical experiences to realise nations' races for industrial resources would cause half a century of world wars in Europe. There is no excuse for non-entrepreneurial economists in any 21st C government worthy of the peoples' respect let alone safety.

 

As milennium 3 enters its teenage years, we urgently need to viralise an economics iq test for 12 years olds up so that  pro-youth economies the world over can see who are the goodwill multiplying economists and global vlage sustainability leaders.

 

However in 2012 this one question makes for a whole truth opener to saving urgent investment in the productivity of the net generation out of every place and peoples of our planet

 

From the beginning of millennium 1 which two of these 3 variables sustains growth of human productivity by orders of magnitude

a) new forms of energy

b) new technology

c) world trade?

 

The answer is a), b) - for more information go to The Economist archives and search "Gross World Product" - an idea that can grow far more value through generation than adding up GNPs. GWP economics offers multi-win games whereas world trade's economics metrics is at best a zero-sum game depending how speculative system designs of currencies become. That means any elderly politicians quarrelling over national debt as millennium 3 enters its teenage years instead of freeing their place to investing in youth's greatest productivity is just plain wrong. Such 100% non-economic games players terrify me as a mathematician more that any words of warning I can offer you from Einstein or Von Neumann who both wondered whether the human race would survive becoming more connected than separated. Similarly, dare I ask a thing that bothers me about wherever you think to be the smartest democracy in the world:  Does it includes youth's votes in all the electioneering promises it is makes. If it doesn't then that is one heck of a system problem if our human race is ever to appreciate borderless pro-youth economics.