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Category Archives: Micro v Macro Economics.

THE BEADY ASK’S THE QUESTION TO WHICH THERE IS NO ANSWER: WHERE IS THE WORLD GOING?

11 Saturday Jul 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., A Constitution for the Earth., Artificial Intelligence., Capitalism, Climate Change., COVID-19, Digital age., Disconnection., Economic Depression., Environment, Fourth Industrial Revolution., G20., G7., GDP., How to do it., Human values., Humanity., Inequality., Life., Micro v Macro Economics., Modern day Slavery, Our Common Values., POST COVID-19., Reality., Sustaniability, Technology v Humanity, The common good., The current state of our oceans., The essence of our humanity., The Future, The Obvious., The pursuit of profit., The state of the World., The world to day., Trade Agreements., Unanswered Questions., VALUES, We can leave a legacy worthwhile., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economic Depression., World Economy.

≈ Comments Off on THE BEADY ASK’S THE QUESTION TO WHICH THERE IS NO ANSWER: WHERE IS THE WORLD GOING?

Tags

Algorithms., Artificial Intelligence., Capitalism and Greed, Capitalism vs. the Climate., Distribution of wealth, Inequility, The Future of Mankind, Visions of the future.

(Twenty-minute read) 

The answer lies basically in this question -why is it that governments can afford a fighter plane, but teachers need to hold a bake sale to buy school supplies.

Understanding how the balance of payments work is key to understanding the monetary leverage that one country holds over another. Based on the modern method of money creation, the functionality of the balance of payments is really a zero-sum game.

Wealth used to be defined as the accumulation of human time and labor.

This is why human time and labor are consolidated under ideologies (eg. Socialism, democracy, communism, etc.), which are framed with borders around cultures, religions, and historical significance. Time and labor are consolidated as a measure of GDP.

World GDP can now be considered the measurement by which human time and labor are used to manage the debt which is a product of the money creation process.

As Yanis Varoufakis says ” It is pointless to continue to do macroeconomics analysts focusing on a single country”  “It is not any more trading volumes or fiscal data it is the ebb and flow of financial capital”

There was or there is no need for the Coronavirus to expose still more flaws in economic structures. Inequality is to be seen in foodbanks, people sleeping on the street, the color of your skin, not least the increasing precarity of work, owing to the rise of the gig economy and a decades-long deterioration of workers’ bargaining power.

A Clap will not save nine, but thanks to Covid-19 the bastions of global Capitalism are on hold.  

There has never being a more important time to effect change to Capitalism.

So will or can we use the current state of emergency to start building a more inclusive and sustainable economy.  

If we don’t, we will stand no chance against the major crisis – an increasingly uninhabitable planet – and all the smaller crises that will come with it in the years and decades ahead.

Capitalism is facing at least three major crises.

A pandemic-induced health crisis that is rapidly igniting an economic crisis with yet unknown consequences for financial stability and all of this is playing out against the backdrop of a climate crisis that cannot be addressed by “business as usual.”

The COVID-19 crisis is exacerbating all these problems with governments playing a leading role, in delivering immediate solutions in the short term. However, the solutions are still not designed in such a way as to serve the public interest over the long term, and therefore they will not lay the foundation for a robust and inclusive recovery.

With reports on the seriousness of the coronavirus evolving each day if not each hour, the eyes of commerce are on epidemiology.

The effort to develop a COVID-19 vaccine could become yet another one-way relationship in which corporations reap massive profits by selling back to the public a product that was born of taxpayer-funded research.

The ongoing coronavirus crises are forcing governments to cash out in order to keep businesses, workers, and their economies afloat, but extending loans to businesses at a time when private debt is already historically high. Flooded the world with liquidity without directing it toward good long term investment opportunities like renewable green energy will result in the money ended up back in a financial sector that was (and remains) unfit for purpose.

The ability of companies to service any of this debt is debatable never mind the economies of countries.   

This time, rescue measures absolutely must come with conditions attached, bailouts should be designed to steer larger companies but to reward value creation instead of value extraction, preventing share buybacks, and encouraging investment in sustainable growth and a reduced carbon footprint.

It was the high private debt that caused the global financial crisis in 2008. The result of this has been to erode the very public-sector institutions that we need to overcome crises like the coronavirus pandemic.

On top of these self-inflicted wounds, an overly “financialized” business sector has been siphoning value out of the economy by rewarding shareholders through stock-buyback schemes.

If one really looks at Capitalism at its basic modeling – its beating heart is profit for profit sake.

To day’s Capitalist Economics is set up with this mantra, not to serve people’s needs, or to protect the environment, or to spread the rewards, rather to enslave people to the world of consumption- produce something at the lowest cost to produce the highest profit.     

Apart from the tragic human consequences of the COVID-19 coronavirus epidemic, the economic uncertainty it has sparked will likely cost the global economy trillions in 2020, the UN’s trade and development agency, UNCTAD, said on Monday.

What is clear is that if politics and trade wars emerged as uncertainties in recent years, now a third leg in the stool holding up global confidence has suddenly gone wobbly.

It is also clear this is going to be a slow-rolling, highly consequential event, that has all the ingredients required for internal strife in many countries.

It is clear that if we keep exploiting wildlife and destroying our ecosystems, then we can expect to see a steady stream of these diseases jumping from animals to humans in the years ahead.

It is clear that we need to invest in ending the over-exploitation of wildlife and other natural resources, farming sustainably, reversing land degradation, and protecting ecosystem health. 

It is clear that the virus is already robbing the world of carbon reduction and it’s only a matter of time before climate change dwarfs the impact of COVID-19.

It is clear that all country’s fates are intertwined.

It is clear that if there is some message here, it’s that this is totally predictable other than without proper oversight, that AI may replicate or even exacerbate human bias and discrimination, cause potential job displacement, and lead to other unintended and harmful consequences.

It is clear given the growing importance of this powerful technology, AI regulation should not be designed in a haphazard manner. As governments struggle to keep up with the unprecedented speed and scale of technological change, companies are facing a crisis of trust amid the growing “techlash” and are increasingly being called on to self‑regulate the technology they are developing and deploying.

It is clear despite vast efforts worldwide to address the symptoms of the coronavirus pandemic, the root causes have been largely ignored, to rebalance the needs of people, the planet, and animals.

It is clear that there’s a lot still to learn about the virus – and therefore how extensive its impact on the global economy could become. Some of the most basic aspects of the virus remain unknown. It all depends on the eventual scale of the epidemic, and at any given point, no one has been able to say whether it has peaked. We don’t know whether it will burn out, like SARS, or come back seasonally like the flu.

It is clear that the impact on markets not to mention human behavior is far from normal never mind the new normal. We are operating in the uncharted territory and the stark reality is that we as a species are unable to act as one. 

It is clear that the last thing we need to hear from brands is that we all in this together. They are simply trying to remain relevant and in demand. They need to rethink engagement data-driven empathy no longer cuts the ice. 

It is clear that Humanity must become the killer app.

It is clear that we’re living in a world of transparency and in such a world inequality cannot be tolerated.

It is clear that nowadays, it is no longer enough for a business to figure out how it was going to turn a profit. The social goals of the business – are not mere “add-ons or marketing ploys” they must be “part of the DNA of the business.”

It is clear that an unregulated algorithm-driven world will put its riches into the hands of the few. 

The problem that we have is not globalization it is a lack of global governance, a lack of means to address global issues.

To solve social problems such as pollution, poor nutrition, and poverty, climate change, you name it there is only one solution.

At the end of Yanis Varoufakis, The Combination That Changed Capitalism Forever, he promotes the establishment of what he calls a political movement that he calls a progressive international movement that is globally and act like activists locally by using purchasing power, he also puts forward a vision of Capitalism where there is no stock exchange, replaced by private ownership and Greene every bonds backed by treasuries.

The green energy bonds are a must So the young generation is able to buy into the process that creates their destiny. 

Purchasing power as an economic power to effect change, unfortunately, is visible and like all things that are visible will not work due to greed, cultural differences, etc.     

THE SOLUTION MUST BE INVISIBLE AND APPLICABLE WORLDWIDE.  

To create a perpetual ongoing fund that spread the cost fairly to tackle climate change and inequalities worldwide. 

Make a profit for profit sake pay by placing a 0.005% commission on all, Hight frequency trading, on all foreign exchange transactions over £50 thousand, on all sovereign fund acquisitions, on all gambling and world lottos, on all consumption advertising, on all dividend payments.   

Profit for a Purpose- with-Purpose.

Nearly a third of the world’s oceans and land areas could be placed under environmental protections without harming the global economy.

You cannot put a price tag on nature, but a recent independent report, commissioned by the Campaign for Nature charity, found about $140bn (£110bn) a year would be required by 2030 to place 30% of land and sea under protection.

Achieving the target of 30% protection would lead to increased economic output of between $64bn and $454bn a year.

The benefits to humanity are incalculable and the cost of inaction is unthinkable. 

To younger generations, the state of the planet is even more alarming but if they
don’t get their proveable faces out of their smartphones and their fingers out of where the light shines we all going to witness horrors unimaginable. 

It is clear that a coalition of old folks in the establishment won’t cut it.

All our efforts have to be inclusive, integrating all stakeholders, the earth and all that live, grow, and die on it.

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

 

 

 

 

 

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THE BEADY EYE ASK’S: WHEN IT COMES TO WORLD PROBLEMS WHY IS IT THAT WE HUMANS ARE UNABLE TO APPRECIATE THE GRAVITY THEY PRESENT.

03 Friday Jul 2020

Posted by bobdillon33@gmail.com in #whatif.com, 2020: The year we need to change., A Constitution for the Earth., Big Data., Capitalism, Climate Change., COVID-19, Digital age., Disconnection., Economic Depression., Environment, Evolution, Fourth Industrial Revolution., GDP., homelessness., How to do it., HUMAN INTELLIGENCE, Human values., Humanity., Inequality, Life., Micro v Macro Economics., Modern day life., Our Common Values., Post - truth politics., POST COVID-19., Survival., Sustaniability, Technology v Humanity, Technology., Telling the truth., The common good., The current state of our oceans., The essence of our humanity., The Future, THE FUTURE OF OUR OCEANS/SEAS, The Obvious., The pursuit of profit., The state of the World., The world to day., Truth, Unanswered Questions., VALUES, We can leave a legacy worthwhile., Wealth., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economic Depression., World Leaders, World Politics

≈ Comments Off on THE BEADY EYE ASK’S: WHEN IT COMES TO WORLD PROBLEMS WHY IS IT THAT WE HUMANS ARE UNABLE TO APPRECIATE THE GRAVITY THEY PRESENT.

Tags

Capitalism and Greed, Capitalism vs. the Climate., Climate change, Coronavirus (COVID-19), Distribution of wealth, Earth, Environment, Extinction, Global warming, Inequility, SMART PHONE WORLD, Social Media, Technology, The Future of Mankind, Visions of the future., World aid commission

 

(Twenty-minute read)

As global citizens, the news is packed with statistics and updates on the challenges we face. Most of these challenges have existed from time memorial and are too large to be solved by one person at a time and if they affect huge numbers of people we are numb by their enormity.  

Photographs can be effective for a while. They capture our attention — they get us to see the reality, to glimpse the reality at a scale we can understand and connect to emotionally. But then there has to be somewhere to go with it.

“There is no constant value for human life.”

Granted that certain global issues cannot be solved by on-the-ground, grassroots-style projects like human rights, climate change, wars, etc. 

So is it a perception problem? 

No matter how hard we try we are unable to perceive the whole earth never mind the Universe as one.   

We witness this many times in history when the value of a single life diminishes against the backdrop of a larger tragedy and now we are once again witnessing it with COVID-19.

We all go to great lengths to protect a single individual or to rescue someone in distress, but then as the numbers increase, we don’t respond proportionally to that.

We don’t scale up, even when we’re capable. 

There’s a hard limit to human compassion. The human mind is not very good at thinking about and empathizing with, millions or billions of individuals. As the number of victims increases, our empathy, our willingness to help, reliably decreases.

We seem unable to prevent our past from impacting our present?

However, our current behaviors are not shaped by past events but by mass media in the form of social media which is creating self-limiting beliefs.

They appear so real to the extent that we cant hardly tell whether its a self-limiting belief or a real one, as a result, we are unable to see the world correctly, so we look on as millions die. 

Numbers simply can’t convey the costs, there’s an infuriating paradox at play.

We know that we must protect the Earth but are unwilling to pay the cost of doing so.

Our problem is to replace the false beliefs we acquired with the right one.

Which issues are the most urgent?

And can one person, really, truly, make that much of a contribution?

Here are some of the major issues all global citizens should be aware of if not there are living in coco land. 

FOOD.

One in nine people in the world goes hungry each day.  

It has been estimated that if women farmers could be given the same resources as men, millions of more people could be fed. 

How can it be 2020 and people are still going hungry?

Nutritious food is often more expensive. Visit your local supermarket and compare the price of a punnet of strawberries to a chocolate bar. 

Even though approximately 12.9% of the world is undernourished, about 30% of the adult population is overweight.

HEALTH.

In a world of more than 1 billion people living in extreme poverty (less than $1.25 per day) and 2.2 billion living on less than $2 per day (2011 data)

The reality is far more complex. Untold hundreds of millions of people lack access to essential health services, in fact over half of the world population do not have basic health care. We are a long way from the universal right to health.

Communicable diseases were responsible for 71%  of deaths, and low-income countries are the most severely affected. 

EDUCATION. 

It’s estimated that approximately 600 million children are not mastering basic mathematics and literacy while at school. 

HABITAT AND BIODIVERSITY LOSS. OCEAN CONSERVATION

The earth is full. Full of our waste, full of our demands.

The economy is now bigger than the earth, unimaginable, unattainable, and unsustainable. There is no infinite growth possible on a finite planet because nature sets the rules and individual issues mean nothing if they are not attached to nature.  

There are countless studies and evidence all around you indicating that the coming crises are inevitable.

If an economy grows at 2% per year, it will double in 35 years. 

Imagine twice as much human economic activity as we now have. Can our planet sustain this? Do we need to do this? Why would we want to? Why are we doing this?

Even though a lot of us know that it makes no sense to try to grow endlessly and outstrip the only planet we have. 

What if anything can be changed? 

We all know that the road to global decarbonization must involve renewable energy.

Although the Paris agreement’s goals are aligned with science, alarming inconsistencies remain between science-based targets and national commitments.

Its a no-brainer in the current emerging global political climate.

Rather than tackle mitigation measures economies are now due to Covid-19 returning to pumping more not less carbon into the atmosphere.

Climate stabilization must be placed on par with economic development, human rights democracy, and peace.       

From a money perspective, we can’t help it—we live in a grow-or-die system.?

Currently, we have a system that provides humans to have an innate cost/benefit assessment tool called the smartphone operating at all times. 

Here are a few suggestions.

It is now vital that we consider the motivation and funding sources of those who are shaping our worldview. 

Money must be created without debt so it doesn’t force us to grow and consumer beyond our means.

New Money must no longer enter circulation as credit, that is, as debt.

It will simply be money spent into circulation by the government as a permanently circulating exchange medium to enable the country’s economy to function.

This money will be equity on the national balance sheet and be our commonwealth.

It will replace bank-created debt-money ending the privilege of commercial banks to create and issue what we use as money.

Then we have trillions in the form of pension investment funds that are nontransparently invested. If we demanded that these funds were moved from fossil fuel industries to green energy industries whose returns are going to be massive we would be reducing carbon emissions by millions of tonnes.

Next, we have the advertising industry.

All advertising that does not promote sustainability should be curtailed by law.  We must turn the direction of humanity towards thriving not consumption for profit.  

With the coming economic depression, we do have room for growth—the growth of community cohesion and commons conservation. We can grow our efforts to educate our children, care for our people, and care for the planet. We can grow into a more just, caring, sustainable society. 

Because we are careering into a world of a few haves and billions of have -not.

Access to information owned by Facebook, Twitter, Microsoft, Apple, to name a few, must become transparent and available to all as the interactions of all our individual worldviews shape the condition of humanity.

Lastly, we must address inequality.   

There are now 65.3 million people displaced from their homes worldwide.

Think about that number: 65.3 million. Can you even imagine it?

It’s now or never that we make a profit for profit’s sake contribute to a World Aid fund.

(see previous posts)

As Mahatma Gandhi put it, “Earth has enough to satisfy every man’s need, but not every man’s greed.”

We can’t eat drink or shit data.

 

All human comments appreciate. All like clicks and abuse chucked in the bin.

 

 

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THE BEADY EYE ASK’S: ARE WE ENTERING AN ERA OF DO IT YOURSELF ECONOMICS, BASED ON PEOPLES INTUITIONS.

16 Tuesday Jun 2020

Posted by bobdillon33@gmail.com in 2020: The year we need to change., Capitalism, Climate Change., COVID-19, Enegery, Environment, Fourth Industrial Revolution., How to do it., Humanity., Inequality, Life., Micro v Macro Economics., Modern day life., Populism., Post - truth politics., POST COVID-19., Sustaniability, Technology v Humanity, The essence of our humanity., The Future, The Obvious., The pursuit of profit., The state of the World., The world to day., Unanswered Questions., United Nations, VALUES, We can leave a legacy worthwhile., WHAT IS TRUTH, What Needs to change in the World, Where's the Global Outrage., World Economic Depression., World Economy.

≈ Comments Off on THE BEADY EYE ASK’S: ARE WE ENTERING AN ERA OF DO IT YOURSELF ECONOMICS, BASED ON PEOPLES INTUITIONS.

Tags

Capitalism and Greed, Capitalism vs. the Climate., Coronavirus (COVID-19), Globalization, Inequility, Micro v Macro Economics., The Future of Mankind, THE UNITED NATIONS, World aid commission

(Twenty-minute read)

I am no economist but you don’t have to be to realize that long before the Covid-19 Pandemic, the state of the global economy was already in disarray, now with viruses the economic problems to come are in general as serious as they have ever been.

To deal with the accumulated liabilities history suggests some radical alternatives, including a burst of inflation or an organized public default, one way or the other the economic fallout defies calculation.

It makes sense with everything happening at once to take a hard look at the coming economic depression. (which is going to be deep and long)

It will require not just governments to be more visionary to lead the way out of the crisis but new economic thinking to rethink the whole Globalisation of economies before they disappear into the world of digital data and become difficult to measure, or tax.

The question, of course, is what form that will take and which political forces will control it.

We all know that economic relationships are complicated and changeable. The influence of anyone variable in an economy is not easy to isolate even with the use of sophisticated data. This is why economists are unable to agree on any course of action when it comes to deciding how the economy actually works and how it ought to work.

Even if they could agree countries have different moral and political judgments.

What I see is that we entering an era of doing it yourself economics, based on people’s intuitions,but unfortunately macroeconomic is choosing between inflation or unemployment.

With countries trying to reopen their economies and given that economists can not agree or have sufficient knowledge to predict any direction one could be forgivin to ask are they performing a useful purpose in the first place.

The coming economic depression can only be diluted by the creation of a new interrelationship with the resources of the earth, their use against their value to the ecosystems as a whole not the continuation of profit for profit sake.

We must recognize that the civilizations of the world are entwined in a global economic system that is incapable of functioning for the common good of humanity, other species, and this planet, which is our home.

It is clear that serious reflection is in order.

Simply to stand back and question what has happened and why would be to compound failure with failure: failure of vision and failure of responsibility.

A sustainable and prosperous global economy needs to be grounded in the common good of all living species, not profit.

The failure of markets, institutions, and morality during the current coronavirus crisis has shown that the emergence of global capitalism brings with it a new set of risks that call for an ethical, moral change.

Leaders are now gambling with public health, safety, and the future of younger generations. They unapologetically prioritize serving themselves over the people they were elected to serve. We have to make them raise their game.

A new approach to economics is required that puts values, compassion, generosity, kindness, people, planet, and the common good at the heart of our economic system. 

Now is the Time for a Revolution in Economic thinking.

A new definition of the “Bottom Line.”

Given today’s global challenges, such as climate change, financial crises, oil depletion, renewable energy, inequality, and poverty, what kind of new economic theory is called for?

Therefore this post is an appeal to economists, academic colleagues in business, finance, management, political economy, philosophy, theology, ethics, environmental studies, sociology, anthropology, and others to come together, so that, all of us, collectively, can prescribe a working solution to our commonly shared challenges.

As we transition from a service-based economy to a knowledge-based economy, human capital will not be enough, the next generation will see large tax increases in order to pay off the national debts.

The work, of which we are a part, which is so needed, has barely begun.

The pandemic will continue to change the economic and financial order

forever.

It will lead to permanent shifts in political and economic power in

ways that will become apparent only later.

However, the coronavirus crisis has been a powerful reminder that the basic political and economic unit is still the nation-state. Countries will have to strive for a better balance between taking advantage of globalization and a necessary degree of self-reliance.

The COVID-19 pandemic has created a wartime atmosphere in which such changes suddenly seem possible.

Perhaps the emergency payments to individuals that many governments have made are a path to a universal basic income and universal health insurance.

The pandemic has laid bare the vulnerabilities of open borders.

Firms that are part of global supply chains have witnessed first-hand the risks inherent in their interdependencies and the large losses caused by disruption.

Supply chains will have to become more local and robust—but less global.

The real risk, however, is that this organic and self-interested shift away from globalization by people and firms will be compounded by some policymakers who exploit fears over open borders. They could impose protectionist restrictions on trade under the guise of self-sufficiency and restrict the movement of people under the pretext of public health.

It is now in the hands of global leaders to avert this outcome and to retain the spirit of international unity that has collectively sustained us for more than 50 years.

The rise of populism in many countries further tilts the balance toward home bias.

Even after the pandemic is brought under control (which may itself prove a lengthy process). The post-coronavirus financial architecture may not take us all the way back to the pre globalization era, and the damage to international trade and finance is likely to be extensive and lasting.

The gap between rich countries (along with a few emerging markets) and the rest of the world in their resilience to crises will widen further. Economic nationalism will increasingly lead governments to shut off their own economies from the rest of the world.

Now and for a long time to come, central banks will become entrenched as the first and main line of defense against economic and financial crises. They may come to rue this immense new role and the unrealistic burdens and expectations it will impose on them.

We urgently need more and deeper conversations, dialogue, and engagement at all levels and from a variety of perspectives to bring the different cultures, civilizations, and viewpoints together, in order to find common ground and agreement on joint action.

The pandemic and subsequent recovery will accelerate the ongoing digitalization and automation of work changing the future composition of GDP.

The share of services in the economy will continue to rise. But the share of in-person services will decline in retail, hospitality, travel, education, health care, and government as digitalization drives changes in the way these services are organized and delivered.

The downturn will accelerate the growth of nonstandard, precarious employment—part-time workers, gig workers, and workers with multiple employers—leading to new portable benefits systems that move with workers and broaden the definition of employer. New low-cost training programs, digitally delivered, will be required to provide the skills required in new jobs.

The sudden dependence of so many on the ability to work remotely reminds us that a significant and inclusive expansion of Wi-Fi, broadband, and other infrastructure will be necessary to enable the accelerating digitalization of economic activity.

We cannot achieve our hopes and dreams without such conversations and dialogue. Only then can we hope for the understanding between civilizations, peoples, and points of view necessary to construct an economy that truly works for the common good.

No country or economic activity is going to be impervious to the drastic impacts of climate change.

It is cuckoo land to think that we can continue to ignore the pending disasters, compounded by the social problems, highlighted by the epidemic that has brought all manner of issues to the surface. From the coronavirus pandemic and police brutality to the marginalization of minority communities around the world, leadership is broken.

For years we have listened to their rhetoric without action that has given full rein to self-harming market forces.

The Normal Economy is Never Coming Back.

This much is certain:

Just as this disease has shattered lives, disrupted markets and exposed the competence (or lack thereof) of governments, it will lead to permanent shifts in political and economic power in ways that will become apparent only later.

It would be fair to say that if we are to move to Green sustainable economies the first thing that is needs is green energy that is free of costs to the user. 

The whole concept of economies becoming attached to the fundamental values required to protect and revitalize the fundamental resources of the earth that provide us all with life is idealistic and will remain so as no one wants to foot the bill to make it happen. 

However, for the first time in human history, before profit disappears into the cloud we have the technology to apply a World Aid commission of 0.005% on all activities that are in existence for profit sake only.

One of humanity’s greatest weaknesses is greed. 

One can see this throughout history, with the present-day examples personified by Wall Street and other world stock exchanges now run by high-frequency trading algorithms. 

Such a commission would create a perpetual fund of billions almost invisibly to the markets. It would spread the cost of changing world economies fairly to achieve the desired outcome both the earth’s needs and our needs.    

It would turn a begging United nation into a giving United nation. 

No one country wants to foot the cost of change and it cannot be achieved if visible to Wall Street

Micro and Macro Economics are neither different subjects, nor they are contradictory, rather, they are complementary. The only important point which makes them different is the area of application.

A fund like this could give grants, not loans. It could buy the sunshine and turn it into energy, buy the protection of forests, freshwater, fresh air, remove the need for mass farming, reduce inequality, afford education, change our lives for the better. 

All human comments appreciated. All like clicks and abuse chucked in the bin.

 

 

 

 

 

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All comments and contributions much appreciated

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