Imaginative economics can save humanity

Today the UK is expecting one of the harshest Budget’s for 30 years. As per normal the UK press manage to capture leaks, hints and tips or are they leaks (!) of what we are to expect.

The current UK coalition government may claim that the deficit is a result of the past regime.
The past regime quite rightly suggest that it is a global issue.

Lets just take a look at the latter. From the outset it appears that freedom of banks to gamble has now lead to the public paying the price.

I look at the economy from a different perspective. Although capitalism can fuel opportunities it has a dark side, one of greed and as Wall Street the movie put it, ‘Greed is good’ and ‘Lunch is for wimps’!

The model to squeeze the worker to support the power of the multinational is based on personal survival.
i.e: The beast wants more and if you feed it, you too can eat some of the pie and live.

We seemed to have missed something. Economics based on helping each other.
We are bred to be immune to the suffering of others. We all know people are dying of malnutrition.
We and I am guilty if this this, will buy the latest gadget but simply express shock when we realise how little the component assembler is being paid or treated. We hope that the manufacturer will influence the factory but on many occasions they don’t or can’t get close enough to the internal abuse. By then it can be too late. In the same way people will rush to buy cheap cloths and will forget that child labour made in a backdrop of underground/Mafia, ungoverned operations and non-policed middle men. Corporate responsibility is played a simple lip service to as it is left to unaudited processes.

The following list shows some of the reasons for poverty. Why can’t our politicians and economists develop strategies that involve global sharing initiative initiatives to tackle each and more of them?

  • State discrimination corruption and abuse of public power.
  • Lack of social integration. Competition instead of cooperation.
  • Crime.
  • Substance abuse
  • Procrastination
  • Climate or environmental factors and abuse of the dumping of recycling waste.
  • Historical factors, e.g: with origins from imperialism and colonialism.
  • Population growth
  • War, genocide and bullying
  • Lack of education and skill development
  • Excessive materialism

If we based an economy on developing other nations then collectively we will benefit. If we can see that they (for example, a developing nation) need the building of infrastructure, then together we can trade and harmonise the world. Economics driven on equality not on class, caste or race distinction. One way to expose and help on a community level is to twin schools, enterprises, medical support and food provision.

The obsession with squeezing people in richer countries could impact development projects as they could claim they have less of their own money to share with others. Instead, we should set-up global development funds for those living in richer countries to invest in.

We need economists with imagination not politicians claiming and repeating the policies of the past will work. We all know they don’t and we let them (the politicians) continue on a decade-on-decade of the cycle of boom and bust – yet for some people its doom and dust for all of their lives…

onedayswages

BBC Pause for Thought – One Day’s Wages

The third of this week’s pause for thought on BBC Radio 2 covers just how one day’s wages can be all it takes!

Transcript from today’s PfT (agreed with  the producer):

Just one day’s wages can be all it takes!
We get up, we go to work, we go home, we crash out and we go to bed again.  Somewhere in there we also eat!  It’s a daily grind which tends to distract us from so much as we concentrate on getting by, particularly in these dark days of winter.  Helping a neighbour de-ice their car’s windscreen can seem a big deal, let alone helping to tackle world issues such as poverty, violence and exploitation that too often face us in the news.

Think of it:

  • 25,000 children under the age of 5 die each day due to poverty-related causes.
  • Nearly 900 million people in the world do not have access to clean water.
  • Nearly a billion people entered the 21st century unable to read a book or sign their names.
  • Many in our world spend hours walking many, many miles a day – often barefoot – to collect water, food or to get to their nearest school.

I remember once meeting a Peace Corp volunteer in the United States who told me about her visit to a remote village in Kenya and how the people there looked at her shoes in wonder.

The scale of these and many more issues can simply seem insurmountable to us.

Yet charity, as they say, begins at home.  Recently, I came across an international movement which encourages people to donate a day’s wage to help end global poverty.  That’s about nought point four percent of an annual salary.  It’s a simple idea.  Yet it could make such a difference to the lives of so many in this world.

There’s a Sikh saying: “The earth is a garden, The Lord its gardener, Cherishing all, none neglected.”

So next time you’re in the car heading to or from work with the weight of the world on your shoulders, listening to the news on the radio and feeling powerless to help, why not set that single day’s pay aside?  Strangely enough, it may be just the thing you need to lighten the load and give a fresh perspective on the daily grind.

My Original article is here:

Our daily grind tends to take us away from helping to free others. Freedom from poverty, slavery and exploitation tends to unfortunately drop in priority as we are so tied-up with surviving and investing in personal or associated family futures.

One of the wonders of humankind is the potential to be innovative. Recently, I came across One Day’s Wages. ODW is an international movement dedicated to ending extreme global poverty. The figures quoted on their website are shocking and staggering:

  • 25,000 children under the age of 5 die each day due to poverty-related causes.
  • Unsafe water and lack of basic sanitation cause 80% of all sickness and disease, and kill more people every year than all forms of violence, including war.
  • Nearly 900 million people do not have access to clean water.
  • Nearly a billion people entered the 21st century unable to read a book or sign their names.

These are all challenges for us. When we sleep at night we hope for a good nights rest. However, we forget about those that have to walk miles to go to school, many in bare feet. I remember meeting a Peace Corp volunteer in the US who hold me about her visit to a remote village in Kenya. She spoke about how people looked at her shoes in wonder.

ODW suggest that a one day salary contribution is equivalent to about 0.4% of your annual salary.
They are also setting-up partnerships with other organisations, for example: Not for Sale.
The latter focus on deploying innovative solutions to re-abolish slavery in their own backyards and across the globe.

The Interview with David Batstone of Not For Sale below is inspiring and exposes the evil of slavery that is happening in the 21st Century!!!?
It is great that people are now starting these organisations. A start to harmonisation and fairness in terms of the distribution of wealth, respect for human rights and stopping abuse of people.

Together we can overcome.

Fascinating Interview with the author of The Kite Runner and A Thousand Spendid suns.

I think we are all living in a war torn world,  just because it is not called World War III, should not mean that we do not take seriously the need for greater peace in the world and an initiative to start harmonisation.

Embedded video from <a href=”http://www.cnn.com/video” mce_href=”http://www.cnn.com/video”>CNN Video</a>

I talk about the latter a lot. Maybe harmonisation can be the key to reigniting the economy, especially as it has been ravaged by a banking situation and the greed generated by the perpetual motion of capitalism.
Has humankind learnt nothing about not repeating mistakes or becoming enveloped in materialism?

Yesterday’s news of the closure of a camp between France and the UK also rams home the point of the need for solutions in worlds where people flee for their lives of a better existance.

We need multi-nationals to use their power for change.