Few, if any, people offer more vital lessons from controversial moments in development of humankind : search out where Keynes stood up against conventional wisdom or may even have appeared to change his own advice.
Economics needs to adapt to context as does human intelligence . There is no one standard theory correct for all times, all places. Rule monopolies spin exponential impacts -take an invention like plastic as one example. Extremely convenient (healthy and cheap to use individually) in my lifetime from 1951 has gone from vital convenience to huge danger. By not requiring peoples to pay for the cost of waste disposal- we are are suffocating ocean life with plastic, we are destroying dynamics of mother nature. When species do that they usually end up going the way of the do do.
Or soon after I was born conclusive evidence showed how costly to health and health systems cigarette smoking was. What the world needed was to compensate growers of tobacco for changing what crop they grew. Parallel lessons were needed on drugs such as opium-grown or synthesised compounds. Anglo-Sino hostory impacting at least a quarter of all humans shows a century of wrongs were compounded when in 1860 Britain's world trade rules required the Chinese to accept opium as a currency. The Chinese courageously closed their lands and peoples to world trade for over a century rather than develop generations around such a bodily destroying substance.
We the wealthiest peoples of mid 20th C did not need was the study of how mass media tv could use public servants into lying. see eg the evil playbook of Ernest Dichter Democracy does not exist as societally tenable, let alone be proud of nationally, when its integrity at the top is drowning in vested interests.
Back in 1843 this challenge to the English constitution (indeed the mindset of anyone speaking English as their lingua franca) was why London scots founded the Economist and engaged Queen Victoria in commonwealth mapping opposite to such colonial bads as incorporating slave making
LEGISLATION BY MONOPOLY THEORIES IS NEVER INTERGENERATIONALLY CORRECT
Hi-Trust (let alone hi-tech, hi-touch) mathematicians design systems which help us map closer to nature's own dynamics which always models at more micro levels of data interactions than we human can measure. Coincidentally the year I was born, 1951, mathematicians started a life determining interrogation with economic journalists. This centred round Von Neumann's challenge shared with Economist journalists -what goods will humans interact with 100 times more tech per decade?
WHAT GOODS WILL PEOPLES INTERACT WITH 100 TIMES MORE TECH PER DECADE TO THE 2020s?
By turning this question into “a severe contest with leadership” The Economist’s third half century evolved from third ranked English newspaper to one of a kind “world’s favorite viewspaper”. Nuances of Von Neumann’s question First, Neumann and his peer “Goats” of mathematics had spent most of their life on bads such as the nuclear arms race. Einstein’s correspondence with Gandhi is particularly compelling and insiders to Einstein’s logics knew why he was fatalistic about whether professions would ever leap beyond the quasi monopolies they rule over. You could define professions as networks who enjoy monopolistic contracts to rule licensed on the assumption that they value the Hippocratic Oath of do no harm. Dad had spent his last days as a teenage navigator, allied bomber command, Burma Campaign. So, he too knew about forced employment around bads, and a fortunate survivor believed economists and journalists had a duty to curiosity and valuing rational optimism. Second, Von Neumann did not expect access to 100 times more tech to be distributed equally. Would those such as the forthcoming beneficiaries of Moore’s Law (associated with one of the twin labs celebrating Neumann’s AI legacy) open source to all societies innovations they were privileged to pilot worldwide? Norman’s 1982 Economist survey: why not Silicon Valleys everywhere is on point. After 33 years of mainly anonymous journalism within The Economist’s collegiate culture, father and I started publishing 2025 Reports in different languages from 1984. We were aware that Orwell’s Big Brother endgame was one systems of systems outcome, but was there an optimistic way out. You can see from the retrospective review of 2025 Report by The Economists former Science Editor Viscount Ridley that we timelined the coming of webs 1 and 2 in relevant systemic detail but few of societal interventions we valued most have yet happened. 2010 Remembrance by Viscount Ridley, Science Editor | https://www.rationaloptimist.com/blog/death-of-a-great-optimist/ When I joined the Economist in 1983, Norman Macrae was the deputy editor. He died last week at the age of 86. Soon after I joined the staff, a thing called a computer terminal appeared on my desk and my electric typewriter disappeared. Around that time, Norman wrote a long article that became a book about the future. It was one of the strangest things I had ever read. It had boundless optimism -- Over the last decade, I have written many articles in The Economist and delivered lectures in nearly 30 countries across the world saying the future should be much more rosy. This book explores the lovely future people could have if only all democrats made the right decisions. combined with a weird technological vision -- Eventually books, files, television programmes, computer information and telecommunications will merge. We'll have this portable object which is a television screen with first a typewriter, later a voice activator attached. Afterwards it will be minaturised so that your personal access instrument can be carried in your buttonhole, but there will be these cheap terminals around everywhere, more widely than telephones of 1984. The terminals will be used to access databases anywhere in the globe, and will become the brainworker's mobile place of work. Brainworkers, which will increasingly mean all workers, will be able to live in Tahiti if they want to and telecommute daily to the New York or Tokyo or Hamburg office through which they work. In the satellite age costs of transmission will not depend mainly on distance. And knowledge once digitalised can be replicated for use anywhere almost instantly. and a startlingly fresh economic perspective -- In the 1890s around half of the workforce in countries like the United States were in three occupations: agriculture, domestic service and jobs to do with horse transport. By the 1970s these three were down to 4 per cent of the workforce. If this had been foretold in the 1890s, there would have been a wail. .. |
-From the 1920s we earthlings have been rocketing into an era of unprecdented change where we needed to land consequences for inhabiting erath not juts play games in space-
The game of playing with 100 times more tech per decade is one which the GOATS (Greatests) of maths including neumann, einstein turing saw as terminating our species unless we all cooperated in adaptations synchronised with nature's evolutionary rules. We humans have been very late in accepting this but in 2016 at year 1 review of the UN's 17 systainability goals- a group of educators rebelled. It was no longer appropriate to conclue education needs far more fund raising to achieev humanity's goal for developing children. Total change of gov and education needed;
-a good enoughgame changing system - see UN tech envoy playing pieces
- - you wouldnt knowing accept brain syrgery by a 19th century doctor; why has classroom brinwashing of our kids nit chnaged in a century
examples after world wat 1 Keynes resigned from the approach to reparations losers in the war needed to make - he was right: decsisions which prevented peoples from starting up again were a main reason why a second world war occurred
keynes advice on minimising the great depression was unconventional
keynes last chapter of general theory of money interest employment ought to be required reading for every kind of educator who sees youth's livelihoods as integral to why schools matter
2020s species last call to value keynes advice
borrowing a conversation from alumnisat.com and valuetrue.com countdown of sdgs with friends at masterclass100.com
keynes last chapter of general theory explains every global market from health down will become its own exponential sustaining or collapsing economy- so if we want millennials to be the first sdg generation we need to know who is the top sdg economist of markets like
health, safety, communities of homes
finance
education
food water and human energy security
machine energy
rural tech
space and mobile mediation tech
deming engineers tech including world local trade infrastructures - ie place economists
supercomputing/analysis big social platforms
as discussed 1948-1993 by keynsians at the economist - and elsewhere-
the way to vote for each markets sustainability world class economist is the moral purpose they value the segment around not how much money is being extracted each quarter
99% of western economists have completely trashed keynes advice and hired themselves out to big vested interests- by fasiling to jail suc people from 2008 we have started to drown in nature's revenge be that virus or climactic- those alive today will make the 2020s the most exciting time to be alive - the last call for our species to thrive out of evry community on earth
keynes last chapter of general theory explains every global market from health down will become its own exponential sustaining or collapsing economy- so if we want millennials to be the first sdg generation we need to know who is the top sdg economist of markets like
health, safety, communities of homes
finance
education
food water and human energy security
machine energy
rural tech
space and mobile mediation tech
deming engineers tech including world local trade infrastructures - ie place economists
supercomputing/analysis big social platforms
as discussed 1948-1993 by keynsians at the economist - and elsewhere-
the way to vote for each markets sustainability world class economist is the moral purpose they value the segment around not how much money is being extracted each quarter
99% of western economists have completely trashed keynes advice and hired themselves out to big vested interests- by fasiling to jail suc people from 2008 we have started to drown in nature's revenge be that virus or climactic- those alive today will make the 2020s the most exciting time to be alive - the last call for our species to thrive out of evry community on earth
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