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jerryking : economic_dynamism   8

The APNU+AFC Govt. and African Guyanese: After three years, no major Policy Initiative that targets Black Empowerment – Kaieteur News
May 13, 2018 | | Hinds' Sight with Dr. David Hinds.

Many African Guyanese believe that any criticism of this APNU+AFC government, especially by one of their own, is sinful. This is the very attitude that was exhibited by many Indian Guyanese when the PPP held office and which African Guyanese found revolting. But now, with their government in power, African Guyanese are behaving in the same manner. This hypocrisy by our ethnic communities is at the root of Guyana’s failure to move from the backward politics of colonial domination to a more enlightened politics that embrace equality of opportunity and national consensus as guiding principles. And this failure has impeded economic liberation from poverty and want, and kept us a poor, underdeveloped country.......Most African Guyanese live in the urban areas and in ancestral villages. But these spaces are hardly hubs of economic opportunities. Three years after its assumption of office, there is still no comprehensive Urban and Village renewal initiative. Many African Guyanese villages and communities don’t have markets, for example. Hence, there is little money circulation in those communities.
I know there are many who would say that Village and Urban Renewal are not government business. I beg to disagree. The poor state of those communities is a direct result of government policies, so the repair job must be initiated by government policy.
Afro-Guyanese  African_Guyanese_villages  David_Hinds  disempowerment  economic_empowerment  economic_development  economic_dynamism  economically_disadvantaged  equality_of_opportunity  ethnic_communities  Guyana  Guyanese  institutions  politics  revitalization 
may 2018 by jerryking
Animal spirits will stir buyout barons before CEOs
December 18, 2012
Print Print | ShareThis
Animal spirits will stir buyout barons before CEOs
By Jeffrey Goldfarb
CEOs  deal-making  private_equity  economic_dynamism  buyouts  idle_funds  cash_reserves 
december 2012 by jerryking
Black entrepreneurs, please
April 7, 1990 | The Economist | Anonymous.

Politics was vital for black advancement in the 1960s and 1970s, but is less so nowadays. Mr. Jackson’s presidential campaigns fed black self-esteem—but also stoked up the myth that black America remains in need of political, as opposed to economic, leadership. The true black “leadership” is not coterminous with black politicians who manage to stay in the spotlight. In every city there are lawyers, businessmen, ministers, public-housing organizers, doctors and teachers whose cadences are less emotive than the politicians’ but whose contribution to black prosperity is more real.

The battle for civil rights has given way, as most of the old civil rights organizations themselves acknowledge, to the battle for “economic empowerment”. After a legal foundation has been laid, a minority’s prosperity will depend less on political largesse and more on economic dynamism. Reasonable men may differ on the adequacy of the foundation of America's laws against discrimination But none can doubt that the time has come to build black prosperity on it. The median income of America’s black families has barely budged over the past decade.

This is why one of the vital findings of America’s 1990 census will be the level of black entrepreneurship In 1980, 1.37% of blacks were self-employed, compared with 1.92% of Hispanics (and 5.8% of whites). Recent, largely anecdotal, evidence suggests that the level of Mexican-American business formation continues to grow faster than that of blacks. True, some Mexican entrepreneurs are immigrants and therefore, almost by definition, more willing to take risks than native’ born Americans. But black, homegrown economic dynamism is urgently needed.
entrepreneurship  African-Americans  leadership  civil_rights  economic_dynamism  Jesse_Jackson  leaders  Louis_Farrakhan  politicians  economic_empowerment  anecdotal 
august 2012 by jerryking
Irrational Act
02.14.05 | Forbes | Rich Karlgaard.

Few can can explain why capitalism works. Economists, trapped in the closed loop of supply and demand, can only make a dismal pseudo-scientific hash of it. Out in the real world people are inspired by ideas. Some are even willing to suffer irrational odds in an effort to turn their ideas into innovations. Most fail, but even the failures add to our knowledge. The pursuit of innovation by entrepreneurs willing to give before they get creates discontinuities that shatter the predictable loop of supply and demand. Entropy and monopoly alike are defeated by innovation. That is how capitalism works. It starts with an irrational act of giving.

Why does tithing work? Nobody knows. Only that it does for many.
in_the_real_world  Rich_Karlgaard  capitalism  tithing  discontinuities  innovation  irrationality  leaps_of_faith  ideas  economic_dynamism  economists  ideaviruses 
august 2012 by jerryking
The Superball Economy - WSJ.com
March 3, 2003 | WSJ | By ANDY KESSLER.

Design is cheaper. If you look closely, Silicon Valley has very few manufacturers left. Chips are made in Taiwan, boards assembled in China or Thailand. We are now a Valley of designers. And there are lots of programmers and chip-heads and communications protocol folks walking the streets willing to work for much cheaper than three years ago. Office space is plentiful. Word has it there is space available for 50 cents per square foot per month, down from $12.

Bandwidth is cheaper. Global Crossing spent $12 billion on undersea fiber optics that someone is going to buy for $250 million. WorldCom and others have strung the U.S. with more fiber than in Frosted Mini-Wheats. And it won't be just for phone calls. Find companies that use that cheap bandwidth, and you'll find the boom.

Video is cheaper. Napster music sharing was child's play compared to what is next. Hours of video can be captured, stored and shared with today's cheap PCs and broadband lines. Jack Valenti, call your office.

Wireless data is cheaper. The Federal Communications Commission set aside frequencies for hospitals and microwave ovens that might interfere with phones or radar. This Industrial, Scientific and Medical block of spectrum is known as the junk band. While stupid telecom companies overbid for spectrum for third generation 3G cell phone devices, clever engineers figured out how to hop around the junk band -- letting out-of-work programmers surf job listings at Starbucks. Intel is putting these radios in many of their chips.

Distributed computing is cheaper. Google uses 12,000 cheap PCs to log the Internet so you can look up your neighbor and figure out how much she makes. Even distributed programming is cheaper. Microsoft's biggest problem is far-flung programmers creating operating systems like Linux at home in their pajamas. Bill Gates is reportedly all over the Valley asking for help to combat this "Open Source" nuisance.

About the only thing not cheap is capital. Venture capitalists are stingy, the IPO window is closed, and stocks are at four-year lows. Hmmm. Forget that last boom, it's ancient history. Look for new products not possible or too expensive three years ago. Slam down your new Superballs and be ready.
Andy_Kessler  Silicon_Valley  economic_downturn  protocols  recessions  optimism  design  bandwidth  open_source  new_products  distributed_computing  venture_capital  IPOs  inexpensive  cheap_revolution  abundance  economic_dynamism  leaps_of_faith  FCC  overpaid  wireless_spectrum 
may 2012 by jerryking
To fix the economy, tell the right stories
May 14, 2009 | Globe and Mail | by ROBERT SHILLER

World confidence can return if the population's thinking co-ordinates
around some inspiring story beyond that of the price increases
themselves. In Shiller's book with George Akerlof, Animal Spirits, they
describe the ups and downs of a macroeconomy as being substantially
driven by stories. Such narratives, especially those fuelled by
accessible human-interest stories, are the thought viruses whose
contagion drives the economy. The contagion rate of stories depends on
their relation to feedback, but plausible stories have to be there in
the first place. The narratives have substantial persistence in that
they affect our views.
Communicating_&_Connecting  confidence  contagions  economics  economic_downturn  economic_dynamism  economic_stimulus  ideas  ideaviruses  inspiration  jck  leaps_of_faith  macroeconomics  narratives  Robert_Shiller  storytelling 
may 2009 by jerryking
Peggy Noonan: Dynamism Isn't Dead - WSJ.com
FEBRUARY 20, 2009 | Wall Street Journal | by PEGGY NOONAN

Remembering the Dawn of the Age of Abundance: Times are hard, but dynamism isn't dead.
local  crisis  innovation  entrepreneurship  future  hard_times  inspiration  collapse-anxiety  cultural_change  regeneration_&_recovery  Peggy_Noonan  economic_dynamism 
february 2009 by jerryking
America Needs Its Frontier Spirit - WSJ.com
Daniel Henniger piece on the potential that an overreaction to
the current financial crisis can play in dampening America's historic
appetite for risk taking.
crisis  finance  History  risk-taking  culture  Daniel_Henninger  risk-appetite  economic_dynamism 
january 2009 by jerryking

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