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Monthly Archives: February 2014

POVERTY CONTINUING EXISTENCE IS GUARANTEED FOR ETERNITY

26 Wednesday Feb 2014

Posted by bobdillon33@gmail.com in Uncategorized

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abject poverty, Development, Distribution of wealth, Extreme poverty, FOUNDATIONS /FORUM THINK TANKS

Our very own human failings; Greed- Envy – Lust ensure that poverty will never be eradicated to the end of time.

I don’t know about you but every time I see a fellow human begging, sleeping in the street or a TV appeal for funds that uses an image of a skeleton child my own life happiness is marred.

You will see from previous blog that Privatization of everything is happening right in front of our eyes.

Wealth inequality in the world is well on the way. Our present day technology will probably lead to an unattainable disparity between the have and the have-nots.

If we don’t wake up to this fact Google will be charging for knowledge, we will be paying for fresh air and water, and our vote will be completely worthless.

You might say there is no foreseeable way of stopping the direction we are going in. This seems to be the view held by most countries, world organisation, promoting growth at all costs in our economies in the disillusioned hope that it will drag us all to happier days.

It is my view or I should say my firm belief that it is the first responsibility of a Nation to protect it most vulnerable citizens. THE WEALTH OF A NATION IS MEASURED BY ITS COMPASSION NOT THE GROWTH OF ITS GDP.

There is no place in this world for abject poverty, or exploration for the sake of Profit.

As I have said there will always be some form of Poverty no matter how much money we donate.  so once again I put it to you that only a self sustainable approach will have any hope of closing the gap.

The question is how do you create a system within a monopoly called Capitalism or for that matter within any political ethos.

Impossible:  Because all are run by human beings.

Even if we were to invent AI Robots and run all decisions making through a computer armed with all world history in every field of human endeavor, they or it would be contaminated by our human failings.

So the only solution is to use these failings . Greed – Envy – Lust – by tapping into what lies at their heart  Profit for Profit sake.

It’s not possible to cap Profit, but it is possible to apply a commission of 0.001%

ON ALL STOCK EXCHANGES TRANSACTIONS IN THE WORLD creating a self sustainable system with sufficient funding to eradicate abject poverty and bridge the ever-increasing inequality that is replacing the very definition of poverty.

Nothing that suffers can pass without merit in the sight of what ever God you choose.

Stock Exchanges – Sorted By Domestic Market Capitalization (USD millions)

ExchangeName Region 2011  Market Size $million 2012
NYSE Euronext (US) Americas 11795575 $14,085,944
NASDAQ OMX Americas 3845132 $4,582,389
Japan Exchange Group – Tokyo Asia Pacific 3325388 $3,478,832
London SE Group EAME 3266418 $3,396,505
NYSE Euronext (Europe) EAME 2446767 $2,832,189
Hong Kong Exchanges Asia Pacific 2258035 $2,831,946
Shanghai SE Asia Pacific 2357423 $2,547,204
TMX Group Americas 1912122 $2,058,839
Deutsche Börse EAME 1184500 $1,486,315
Australian SE Asia Pacific 1198187 $1,386,874
BSE India Asia Pacific 1007183 $1,263,336
National Stock Exchange India Asia Pacific 985269.4 $1,234,492
SIX Swiss Exchange EAME 1089519 $1,233,439
BM&FBOVESPA Americas 1228936 $1,227,447
Korea Exchange Asia Pacific 996139.9 $1,179,419
Shenzhen SE Asia Pacific 1054685 $1,150,172
NASDAQ OMX Nordic Exchange EAME 842100.9 $995,719
BME Spanish Exchanges EAME 1030988 $995,088
Johannesburg SE EAME 789037.1 $907,723
Singapore Exchange Asia Pacific 598272.7 $765,078
Taiwan SE Corp. Asia Pacific 635505.8 $735,293
Mexican Exchange Americas 408689.8 $525,057

Data: World Federation of Exchanges 2013

44.707071 1.352425
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HAS TONY GOT WHAT IT TAKES TO BE TALKING ABOUT POVERTY

18 Tuesday Feb 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ 1 Comment

Tags

Extreme poverty, FOUNDATIONS /FORUM THINK TANKS

I’m sure you will notice beside this blog ( posted on flipboard ) is a video featuring Tony Blair partaking in a BBC discussion on Poverty.

Now I am not saying that he is or not qualified to air his views or that the BBC should choose its experts more carefully.

However one should be aware that Tony is WHAT I WOULD CALL AMORAL.

A multi millionaire commanding £6000 a minute on the International Lecture circuit. BANKING –  a staggering £15 million last year  + £5 million in a book deal, plus an additional £2.5 million from JP Morgan Chase along with Swiss financial Services.

( See Mail online – wwwdailymail.co.uk/news/article-1167682)

The Middle East Peace Envoy who hops nobs it on David Geffen yacht Rising Sun (cost $250 million)

In my view its somewhat RICH that a man who went to war on a lie (even if that lie was sold to him by his pal Mr Bush) HAS A BOUNTY ON HIS HEAD, CONVERTED TO A CATHOLIC TO FIND FORGIVENESS CAN BELIEVE WITH ANY DEEP CONVICTION ( AS HE SAIDS IN THE VIDEO) THAT GOOD GOVERNANCE IS THE SECRET TO RELIVING POVERTY.

44.707071 1.352425

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LET’S ASK THE QUESTION. WHY IS THERE POVERTY IN SUCH A RICH WORLD?

12 Wednesday Feb 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on LET’S ASK THE QUESTION. WHY IS THERE POVERTY IN SUCH A RICH WORLD?

To answer this question the first difficulties is in establishing cause and – effect relations in the history of human societies.

From Neanderthals to the disappearance of the Woolly Mammoth to the dropping of the Atom bomb exploitation of the weakest has ensured POVERTY.

So I don’t think the answer is to be gained by dredging in past history.

The answer needs no other understanding than exploitation of the weakness since time began.

Geographic connectedness has exerted both positive and negative effects on all of us. Simple societies evolve into large complex ones.

We are seeing this today in the development of technology.

Now called the age of HYPERCONNECTIVITY (78% in the USA have household computers, 76% in Europe, 8% in Africa.)

Naturally, additional factors contributed to history’s courses, but they are becoming more a more irrelevant now that ideas diffuse everywhere instantly on the internet.

Entirely news powers are emerging with new rules, with cultural factors and influences of individual people looming large that will make future history more unpredictable. Raising an important unanswered question that may make future history inexplicable in term of environmental forces or indeed of any generalizable causes.

How do we rebalance and reorganize the economy so that it benefits everybody.

To build a new anti-poverty movement will require an Organisation and Actions that are creative, visible,and gripping. There are too many ways to keep people impoverished. We know the cost of everything and not the value. When you do nothing take on action you are tarnished by the abuse.

It’s just pure stupidity to say that poverty has being reduced.  

When you exclude China between 1990 – 2008 the number of people living in extreme poverty shrank only incrementally, from 1.2 billion to 1.1 billion.

Of total world income, 42% goes to those who make up the richest 10% of the world population, while just 1% goes to those who make up the poorest 10%. It’s no wonder that  equality is increasing out of control.

When you consider that value of $2 dollars in 1947 depending on which formula you work it out with was as follows.

Commodity:

Real Price – $20.60.  Labour Value – $29.60.  income Value – $59.60

Income or Wealth:

Historic Standard of Living – $20.16. Economic status $59.60 Economic Power $130

Project:

Historic Opportunity Cost – $16.30. Labour Cost $35. Economic Cost $130

Two Dollars is today purchasing power is worth sweet f all never mind the new Multidimensional Poverty Index (MPI) of five dollars.

So where are we?

Bill Gates points to the three Myths of Global Aid ( see TIme Jan 21,2014)

The Conference Board of Canada points to World Income Inequality.

Technology points to Job losses due to automation.

World history points to  exploitation.

Governments and politicians point everywhere but at themselves.

Our World Organisations, IMF < WORLD BANK < UNITED NATIONS point at World trade.

Banks point at a disaster. while the Economists and Politicians said” That’s terrible for the economy, let’s give them trillions.

I SAY UNLESS WE CAP GREED ( see previous blogs) and make our economies work for all  Poverty/ Inequality is here to stay. 

 

44.707071 1.352425

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It’s Worse Than You Think: or why you should care about poverty, jobs and income inequality

07 Friday Feb 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on It’s Worse Than You Think: or why you should care about poverty, jobs and income inequality

44.707071 1.352425

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SOME HARD FACTS ON POVERTY

07 Friday Feb 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on SOME HARD FACTS ON POVERTY

More than a quarter of the inhabitants of developing countries still have nothing to live on…

Almost one person in five – 1.2 billion men, women and children – are currently living in a situation of extreme poverty, surviving on the equivalent of less than one dollar a day; half the people in the world are trying to manage below the poverty level of two dollars a day.

About 824 million people go hungry or have a precarious food supply; 500 million of them suffer from chronic malnutrition.

Throughout the world, 170 million children suffer from malnutrition, more than 100 million never attend school, 230 million have no access to secondary education, and almost 250 million work to pay for their own needs and those of their families.

In the industrialised countries, more than 100 million people live below the income poverty line, 37 million are jobless, and more than 5 million people are homeless.

1.6 billion people in the world have no access to drinking water.

More than 840 million adults in the world are illiterate – 65% of them are women.

800 million people have no access to health care.

In Africa, the continent that numbers 33 of the 49 poorest countries in the world, 28.1 million people are living with HIV and AIDS. Over the next ten years, 40 million African children will lose their parents as a result of AIDS.

The developing countries have one doctor per 6 000 inhabitants, compared with one doctor for 350 inhabitants in the industrialised countries.

20% of the population of the industrialised countries account for 86% of the world’s total consumption expenditure, while the poorest 20% in the world consume no more than 1.3%.

The world has the necessary resources and skills to eradicate poverty totally in less than one generation…

The current net wealth of the ten richest billionaires is 6 billion, more than twice the total national income of the least developed countries.

The cost of eradicating poverty is 1% of global income. billion a year (equivalent to 0.5% of annual global income) would ensure universal access to basic social services (basic education, health, nutrition, access to water and sewerage disposal).

An effective improvement in the situation of the 20 poorest countries would cost .5 billion – equivalent to the cost of building EuroDisney.

Reducing the debt of the most heavily indebted countries would cost between .5 and 7.5 billion – less than the cost of a Stealth bomber.

Extreme poverty could be banished from the globe by 2015...

The proportion of humankind living in poverty has fallen faster in the past 50 years than in the previous 500 years.

Literacy levels of adults in developing countries have increased from 48% in 1970 to 72% in 1998; income poverty has fallen from 29 to 24%, and nowadays only 14 rather than 20% of newborn babies are likely to die before reaching the age of 40 years.

Over the past three decades the proportion of people with access to drinking water has almost doubled – from 36 to nearly 70%.

Each year for the past 20 years, basic immunization campaigns have saved the lives of about three million children.

Since 1960 infant mortality rates in developing countries have more than halved, and malnutrition rates have fallen by almost a third.

Between 1960 and 1993 average life expectancy increased by more than a third in developing countries. Life expectancy now exceeds 70 years in 30 countries.

Poverty is no longer inevitable; it must now be relegated to past history, alongside slavery, colonialism and nuclear war.

44.707071 1.352425

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In Failing the Earth we are failing Humanity

05 Wednesday Feb 2014

Posted by bobdillon33@gmail.com in Uncategorized

≈ Comments Off on In Failing the Earth we are failing Humanity

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CREATE A WEBSITE, Development, Distribution of wealth, FOUNDATIONS /FORUM THINK TANKS

 

Christine Lagarde Managing Director, International Monetary Fund during her recent David Dimbleby Lecture (04/02/2014) to her credit touched upon most of the major problems facing the World.

She rightly pointed out that with 60% of us living in big Cities by 2030 the middle class will make up 30% of us. Hyper connected. Sending 3 million emails every second. Virtual Mobs. Growing further apart. She is right to say we are looking at Demographic time bomb. She is correct to point out that the World is becoming more fragmented in terms of power, influence and decision making.

That we are creating a Labyrinth of Inequality replacing Poverty.

She touched on climate change advocating that it is non negotiable. Very true but she then goes onto to suggest a pay for damage caused policy as a solution.

Carbon Credits like Fish Quotas done work turning into tradable items.

She highlighted one of the main threats coming from Environmental change – Heightened water stress, with 40% of the land in Africa by 2030 becoming useless.

She called for the need for more interconnections, multilateralism, Interconnected Voices, Inter Nation Bank lending, Social contracts, Inclusion, a Financial system for the 20th century. She even mentioned that you could put the world’s top 21 riches into a one decker bus.

SHE OBVIOUSLY BELIEVES THAT THE SOLUTION TO WORLD POVERTY IS BY WAY OF ECONOMIC GROWTH. POINTING OUT THAT IF MORE WOMAN IN THE WORLD WERE TO ENTER THE WORKPLACE THE WORLD ECONOMY WOULD GROW BY 30%.

THERE IS LOTS TO ADMIRE ABOUT MADAME LAGARDE SPEECH BUT IT MUST BE REMEMBERED SHE SPEAKS AS THE MD OF IMF.

SHE DID NOT MENTION THE ONGOING PRIVATISATION OF THE WORLD BY SOVEREIGN WEALTH FUNDS.

THE INEQUALITY/ POVERTY DELIVERS OF THE FUTURE.

SHE DID NOT MENTION THAT THE HYPER TECHNICAL AGE AS SHE LABELED THE NEW AGE WE LIVE IN.

 WILL REMOVE MILLIONS OF JOBS THROUGH AUTOMATION.

We have Capitalism, a political system – countries trade – industries owned by private owners for profit.

We have Socialism, a political system – economy more owned by the people.

We have Communism, a political system economy owned by the state, or collective Organisations.

We have the Third Way, ideology that seek to combine egalitarian and individualist policies. A Tony Blair – a mix of Socialism and Communism.

Than you have my way. CAPITALISM WITH – EVERY TRANSACTIONS ON ALL WORLD STOCK EXCHANGES SUBJECT TO A WORLD AID COMMISSION.

To quote Bill Gates, ” Nothing can stop an idea whose time has come”

The way to stop Inequality and banish poverty is to get the heart of Capitalism  GREED  to beat money.

                          

44.707071 1.352425

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All comments and contributions much appreciated

  • THE BEADY EYE: WHAT YOUR NOT BEING TOLD ABOUT CLIMATE CHANGE AND THE RESULTING MONETIZATION OF NATURAL RESOURCES. March 28, 2023
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