8 March 2011: 100th International Womens Day: The Drucker Institute has responded to the turmoil at Grameenon our blog. We'd love it if you could get the word out to your facebook or twitter network. Please let me know
if you have any questions. Thanks so much, Alec
The rich countries of the world are probably going to go into balance of payments deficits with the poor ones.
Most of our international financial mechanisms are prepared for the opposite. Are multinational companies going to be an efficient
means of exporting capital around the world? There is a fine old muddle about this arising out of a lack of discrimination
between the effects of a) different countries' balances of payments, and b) the mobilisation of savings. The consequences
will be important for the future of banking business over the next two to four decades. It may even be that on this unexpected
hinge that the fate of the whole international economic system will swing.
The Next 40 Years 1972-2012, The Economist/
Norman Macrae 1971
1 journal guest edited
by adam smith scholars posted out last weekend to 3000 leaders of yunus choice' would you like some copies?
2 as of
now: yunus is seeking most relevant job of youth's most exciting economist
- furthermore
my family wishes to invest in people concerned with solving my dads number 1 puzzle - are we designing
stockmarkets to serve best or worst of these 2 worlds?
A) entrepreneurial best (continuous
social improvement) an industry sector can do over time for human race
B) connecting
local families/communities savings with sustaining next generation
back in 1972 dad's survey in
The Economist on next 40 years forecast meltdown of global finacial system unless we fix this problem ; the only nationwide
knowledge on this challenge is in bangladesh; from today on, it seems to me only clusters of ceos can give a resourceful enough lead on this
.Ideas for Special issues welcomed RSVP chris.macrae@yahoo.co.uk - focal issues being explored -
following the success of Yunus & Smith issue - who else represents microeconomics
and collaboration entrepreneurial mindsets : Yunus & Drucker ? & ... ?
Special issue on zero carbon and
zero-nuclear issue - this being a concern of the most wealthy yunus fans in london and Japan? and ... ?
Youth exciting
2010s celebration issue to coincide with greatest stage of youth celebrations ; Olympics & ...?
Issue hubbing and
googling through Africa's most innovative and sustainable cultures of the net generation
8
Feb 2011 Dhaka: Optimism may need to be delayed for a few weeks.
When The Economist's Unacknowledged
Giant, Norman Macrae, died in June 2010
it looked as if Norman's 1984 story of the net generation's ability to change economics was going to be celebrated all over Bangladesh in this people's extraordinary
40th year of freedom and microentrepreneurship. For those of us including Mary Robinson and myself having breakfast in
BRAC cafe on 8 Feb the news was a bit more dismal. Of my dad's 2 greatest heroes of the net generation: Sir Fazle was seriously ill and Noble Yunus has got caught up in an odd legal system where he has to attend the first day of any case brought against him at
any locality in the country however strange the case. Look at 3 cases so far: is it wrong to increase scale by selling the poor person's rural yogurt for a profit in
the city? Actually I find it the only edible desert and have formally complained to Danone in Paris that they were selling
it too cheap in the city compared with everything else in the supermarket I use. Did a villager get an erroneous phone bill?
Well on that basis I should be calling the CEO of verizon to dock every 6 months, and incidentally Grameen phone is mainly
managed by Norwegians. A few years ago when experimenting as to whether to enter politics, did yunus say something slightly
impolite about some other politicians? Gee by that yardstick there would be nobody left in US congress. And yet even the world
service of the BBC pumps out headlines that fail every principle that 5 generations of my family's work in media holds
dear. Anyhow we were there to launch Friends of Grameen and Journal of Social Business, and with a loan from my dad's estate
3000 leaders will soon be getting their own copy of the new Journal on The Joy of Economics that anyone who has journeyed
a few days with Dr Yunus knows to be vaut le voyage.
16 Nov 2010: Peers, friends and family of Norman Macrae packed the boardroom of The Economist in London
Saint James. They came to celebrate his life and his invitation, complemented by Nobel Laureate Muhammad Yunus, to make the 2010s the most exciting decade for youth.
We welcome your action maps and networking collaborations
for doing these programs now:
1 Relaunching Normans Consider Genre -nations its best for the world's next decdes
to make epicentral to sustainbility world trade - Consider Bangldesh was launched 16 November - some Considers that
my be coming soon include : Kenya, Scotland and France ...
2 We have started research on how to put youth in charge
of voting for and corresponding round 20 most exciting goals for 2020 - once we can start to see the goals
elders will be invited to help sort out media and investment channels - for example inspired by the likes of DanoneCommunities and SingforHope and The-Hub.net we expect the popularity of the 20th C tv spot to be dramatically replaced by future capitals with huge youth festivals where top 20 goals are repersented by market stalls at which open
solutions are co-published, exchanged and celebrated (goals will emerge as Gpages of this web)
3 The Journal of
Job Creating Economics (aka Journal of Social Business) was announced. Last month family members travelled to Dhaka to sign
a memorandum with dr yunus guranetting a social bsuiess loan for covering smpling of the first isseu to 3000 leders of
his choice. This will be done in ery 2011 ahed of his testimony on joyful economics to US congreess. Copies of jouranl
will also be mde to youth & other networks who wish to connect round job creation (or bending poverty) and can arrange
their own distribution
4 Chapters of the book on Norman Macrae's how 7 billion people can rule the world
with multi-win economcis and good news media are being called for (soon chapters will emerge as Bpages of this web) -see hios
1984 classic to whet viral appetites http://www.normanmacrae.com/netfuture.html
4a wiki - the mystery of economics - its history, its future
5 If you were at The Economist, or even if you weren't,
post us a link if you are collaborating in 2010s as the most exciting decade and wish to share your social business model
openly or have an action that is worth everyone's time connecting chris macrae, family member, washington dc 301 661 1655
skype isabellawm : the family foundations association
yours aye chris macrae http://www.isabellawm.com/ family foundations washington dc skype isabellawm 1-301 881 1655
Opening Quote From Norman Macrae's First Book : 1962 Sunshades in October:
Everyone gains by knowing of the favourite theme of Keynes:
"Increasingly the world is ruled only by economics. The danger arises when practical men, believing themselves
exempt from intellectual influence, are in fact slaves of historic rules which changing circumstances have
rendered defunct."
Keynes: increasingly only economics
rules the world
Norman Macrae, The Economist, 25 December 1976: the third quarter of 20th century has seen macroeconomists destroy all the hi-trust
community assumptions of Adam Smith's free market paradigm. Let's celebrate a new capitalism designed by microeconomists before the net generation of the next half century makes global market system wholly interconnected in what exponentials
rise or crash
1984.Start 25 years of storytelling openly questioning the future history of nations- will net generation celebrate micro? Boldly go
global with maps connecting "end poverty" united goal : sustainable exponential investment in every community!
1984. Year 1 of Microcredit Entrepreneurial Revolution- Social
Business Modelling comes to banking
.1985
.
.1986
.
.1987
.
.1988
.The Economist survey "Year of Brand' concludes future valuation revolves
round trust, first and always
End poverty by 2015.This is the historic promise 189 world leaders made at the United
Nations Millennium Summit in 2000 when they agreed to meet the Millennium Development Goals (MDGs). The United Nations Millennium Campaign supports and inspires people from around the world to take action in support of the Millennium Development Goals. Learn More
.2001
.
.2002
.
.2003
.
.2004
73 years after Gandhi's last roundtable at the quakers in London, archives are found on how Gandhi spent quarter of a century
tutoring lawyers of British Raj that you can't change empire/superpower systems unless the people demand three-in-one
chnages to education, media and professions' hippocratic oaths
.Media & Mediation War between
goodwill and badwill networks is presented as white paper to 500 Gandhians and Global Reconciliation Facilitators in
Delhi- chief guested by mininster of broadcasting and infotech
.2005
.
2006.TheGreenChildren Pop Group for Responsibility starts first million dollar fundraising for social business of helathcare
007.Subprime's end of wall street starts being spotted by curious minds including 3rd graders - as Fox reality tv shows demonstrate global
bankers are not smarter than 5th ,4th, 3rd, 2md, 1st graders...
007.Social Business Responsibility returns as highest value multiplier fashions can sustain in Fast Moving Consumer Goods-eg fortified kids drinks/deserts
2008.Collaboration Flows gravitationally towards hi-trust leaders like Yunus Social Actions & Social Business Mapping
2008.Future Capitalism Partnerships in Industry Sector Responsibility. First gathering in 65 years of Mirpur and Saint James economists.
2009 .Obama- Yes We Can empower 5 million green jobs throughout community
USA; Yunus 00's atlas of collaboration forums
2009.Obama - Bend The Curve: vote for the purpose of the USA nation
brand = to end poverty worldwide
NM micro library 1949 1950-1989 (2000+ eds for The Economist) 4 co-ed Future Histories; 1990-xx 300+ columns for Sunday Times, Fortune (about
25 Inconoclast articles), other work includes biographies & dialogue pamphlets & celebrities' good news speeches
Yes We Can
MicroGuide to 5 collaborations
to end poverty and sustain humanity
We hope you enjoy our MicroGuide to 5 Collaboration Games that DrMuhammad
Yunus, his alumni including the extraordinary mother of President Barrack Obama, and Bangladeshi networkers
have been helping people communally practise for a third of a century.
Designing partnerships to innovate the most vital human services that integration of global and local free markets
can sustain
5 What is Trillion Dollar Industry Sector Sustainability?Joyfully mediating markets to be free: - engage transparency of leadership
in severe contests between intelligence, which presses forward, and an unworthy, timid ignorance obstructing our progress.
system maps for saving the world from wall street and other global meltdowns to 2024
Macraes have exponentially forecast since 1984 that as a system Globalization can only spin one of 2 ends:
Big Brother Orwellian one where big power causes all
sorts of crashes, and its always innocent communities that get in harms way first
sustainable one in which we resolve
community up win-win-wins, integrate local to global transparently, end systemic poverty, and network the 21st century
to be the best of times for all peoples
Many generations of my family have worked on media and measurements. Until recently,
three of us could meet and testify to social surveys we had helped question in over 100 countries. This reflects a consequence,
of being colonised by England around 1700 - more
Scots have since the mid 19th Century sustained lives around the world than in Bonny Scotland.
Our experience is that Free Markets are the most wonderfully creative systems that
humanity can design, and develop provided there is both mass and truly diverse understanding of how to
ensure they compound exponentially purposeful and transparent futures
Free markets generate healthy society and thence strong economics. They do this when they empower everyone to have a
chance to produce things and services others most need, as well as sharing vital knowhow between generations and across cultures[i].
As with any beautiful human relationships system there is always
a need to guard against those who might spoil it. Before children start to focus on their own job creation - and definitely
before they reach impressionable teenage years – today’s schools need to empower worldwide entrepreneurial
debates on “what sorts of ways are there to destroy free markets?”.
Thought
for the Decade: President Obama: 16 April 2010: We know
that without enforceable, common sense rules to check abuse and protect families, markets are not truly free
It is free markets that help every human being
develop the context-rich creativity they were born with and can communally access.So as world citizens
for 60 countries testified to at the first Presidential Summit on Entrepreneurship in Spring 2010, we need
to be networking fables “sans frontiers” to prevent characters from the cast of Orwell’s Big Brother from
spoiling free market systems. These include such dismal forces as
Speculators
People with power complexes who seek
to own a market instead of earning a hi-trust space in it
Misguided professions who have been bought out by those with the
most money – an economics sponsored by the big gets bigger is neither free, nor economical nor exponentially sustainable.
Given that free societies grant professions a semi-monopoly to rule over us, the risk of professions take a wrong turn on
whole truth is a concern that Scottish members of my family tree have been engaged in from peers of Adam Smith to this day.
Forbidden
questions media – where some topics are continuously censored from 360 degree public debate, or deliberately misinformed
or wrongly measured with rewards going to those whose rush for short-term gains introduces conflicts that spread like cancer
in a once healthy free market system
My father had an
unusual experience as an economics journalist. Itinerant Childhood growing up in British Embassies – witnessing first
hand lies that governments like Stalin’s and Hilter’s told; In World War 2 learning economics from an Indian correspondence
course whilst waiting to navigate RAF planes out of Bangladesh before going up to Corpus Christi College Cambridge University
as our family’s missionary tradition patterned; Father-in-law’s mentoring as Bar of London Barrister who had learnt
from 25 years of continuous mentoring and mediation experience with a peer barrister: Mahatma Gandhi.
By the time Norman Macrae (http://worldconomist.net/ ) started writing leaders for The Economist in 1949 he decided never to look at Press Releases. Instead, he would read lots
of stuff which unknown but passionate local observers of economies posted him. He would surround himself in a lot of data,
mentally delete any number where the process of the analysis was unclear, and look for what simplest human learning needed
future debate with an eye to joyfully celebrating innovative social actions.
This made him one of the few investigative journalists of Free Marketsduring a quarter of a century
which was to creep up on the integrity of assumptions that are core to Adam Smith’s work , and indeed all the Scottish
and Frenchwhose auld alliance was central to the core values of generations of entrepreneurial alumni
of Adam. The third quarter of the 20th century was one when the richest nations in NW hemispheres caught two macroeconomic
diseases: the television age’s advertising spots, and the loss of true democracy when governments grow big spending
money on military arms and being lobbied by big get bigger not the free get freer.
Over 40 years the vocabulary of dad’s writings increasingly became anchored round the idea of the entrepreneur.
Dad would say however much macroeconomists might pollute the systemic understanding that other free market concepts had been
built round, the entrepreneur was relatively foolproof. After all, “between take’ referred to the asset transfer
of cutting off the heads of royalty who had been monopolising productive assets. When entrepreneur was coined around 1800,
its meaning revolved round the inter-generational purpose: exponentially rising sustainability of French
peoples’ liberte , egalite and fraternite.
Norman Macrae’s
work took on increasing levels of urgency at the start of the fourth quarter of the 20th Century when he started penning his
trilogy of Entrepreneurial Revolution that began with his Christmas ay survey in The Economist 1976. This reviewed how almost
all the hi-trust assumptions of Adam Smith’s Free Markets had been broken but needed to be fitted back together again
in what Einstein foresaw, while had working closely with Gandhi in 1930s, as networked
mankind’s higher order examination of integrity.
ECONOMICS
OF YOUTH
Sequencing matters for
humanity’s journey into the future to be both a safe and a sustaining one for 7 billion. Young people needed mass understanding
of free markets before the generation of the next half century to 2025 goes irreversibly global . This future history mapping
will be the responsibility of those of us alive in the first quarter of millennium 3. We the peoples who evolve the first
net generation and such unprecedented economic dynamics as the death of distance. By 2025 community sustainability will be
either 10 times more economic or ten times less economic. Invoking the Kenysian charter that only economics rules the world,
Norman invited us all to desperately seek out where
the deepestmicroeconomics futures were being tested so that free market transparency could be celebrated
by 3rd millennium worldwide youth.
FUTURE CAPITALISM
From this deep and long perspective, it is clear
in 2010 that we are breaching a final crossroads. Father’s last article written Christmas Day 2008 mapped where we will
spin too http://yunusforum.net/?p=80if we continue to be dictated by the metrics and media of Wall Streets, Madoff avenues, Governments where
the voice of the old rules 19 to 1 over that of the young,and the EuroZone denial of compounding local
economic gravity.
However being the optimist for humanity that his
editorial style rules required economics journalists to value multiply, he noted how happy youth can be if we help them choose
to celebrate Dhaka as en route to every sustainability
capital. Being one of the last nations to free itself from English Empire’s unintended vicious consequences“Micro Bangla” culture had blessed this nations economic leaders with the microentrepeneurial
best practices of Scottish internationalist webmakers and French revolutionaries.
2010s: THE TIME IS NOW
The
system design that Nobel Laureate Muhammad Yunus calls social business can indeed be planted to resolve the whole truth exchanges
of productivities and demands of any vital global village market.
The opportunity is afforded by the Journal of Social Business to catalogue the worldwide range of “pressing needs
markets” The most extraordinary economic consequences of all can come from resolving
poverty’s broken system’s first in the way we use mobile networking to bring down degrees of separation on ;life
critical knowhow. We can all build on studies of microeconomic market models out of Dhaka since Banking for The Poor’s conception in 1976. We can celebrate 10 times more economic models
at the community level.
It is also entirely possible to map 10-win free
market designs and exponential rising. There are entrepreneurial models of productivity for most of the left side value multipliers
– eg “we are all intrapreneurial now” (1982) being the model for empowering service franchise teams; and
open source models being foreseen by Johny Von Neumann as the way children of the father of modern computing would network
way above zero sum models
Thank goodness for the women and children of Bangladesh’s global mobile villages. They inspire us with the opportunity to see the simplest way to do this first where
all the spoilers of free market systems are removed by the simple social business system rule of making the ownership role
and that of the customer in intergenerational greatest need one and the same. In effect, the new nation of Bangladesh co-created the perfect privatization model that father had long been
searching . This emerged by making The MicroEntrepeneurship Party non political and the entrusted to a rural network of women
who became the safest owners banking has ever seen, as well as earners of half a Nobel Peace prize.
.Other models that compound the most purposeful system designs that particular free markets
are capable of nurturing can be selected round the 10 value multipliers are indicated in the picture above provided we never
stray too far away from the legal constitution of social business .
REALISM NOW OF MICROECONOMICS & COLLABORATION SOCIETY
Can we be realistic about the compound opportunity and threats that the 2010s decade is
responsible for looking forward to our human race’s evolution through the 3rd millennium ? As our net generation’s
system design become ever more connected than separated we will need in tis decade not only to map the difference between
spinning 10-win or 10-lose exponential futures but systems squared ie 100-win or 100-lose futures The speed
at which the global financial system was brought to its knees is a clear and present warning of the times we are co-creating.
This surely makes Muhammad Yunus’ invitation to make the 2010s
the most exciting decade. ring true wherever the young in heart are free to experiment and interact. Why not survey youth
on what sustainability goals they want to see transparently and exponentially rising by 2020?The conflict-free
maths exists to map back trillion dollar audits so that local markets are freely integrated into global ones- if we carefully
choose Collaboration Partners to open source it http://futurecapitalism.ning.com/
[i] The question arises : should any market be free to evolve. The way mature democracies mediate this is critical; particularly
the more massive our media. Mistakes that seem to have spiraled viciously in developed countries during quarter 3 of century
20 are that need urgent widespread as well deep context debates :
markets for arms- now far the largest market many taxpayers pay for
markets for health which have been permitted
to become exponentially more costly not economical
The surpression of clean energy markets
We need to understand how powerful lawyers have very bad compound impacts on markets. Often a
marketplace made a risky decision because at that time there was no knowledge of the risks. By the time the risks to life
are clear, big corporations in the market are often rewarded for covering up since the costs of legal filings by societies
would bankrupt the company. For example, this has terrible consequences on food and fertilizer industries
in some countries where we continue feeding our kids petrochemicals instead of once healthy foods.
Other complexities are caused
by markets where an activity would seem socially undesirable – but perhaps its wise no to stop among consenting adults.
Banning markets tends to drive then into mafia hands not to abolish them
Perhaps the worst markets since our blossoming
networking age involve financial services and professionals that have lost their Hippocratic oaths. These can permanently
destroy the future prospects of our next generations – the exact oppotiye of the primary family-investing value that
has this far sustained our human race. Are the lights going out on eg Am,erican youth right now http://www.nytimes.com/2010/08/09/opinion/09krugman.html?_r=4