The magnitude of what is known is dependent on the fertile soil of what is believed on the quadrant equation. The natural corollary for a seamless transition or artless passage towards accomplishment or dreamland is for complementary but strategic vision to be conjugated into th minitry of mission, being the Last vestige of a becoming. The automated modules, for the industrialisation of the industrial accomplishment and seasonal boom of the strategic human progress are well fudged within admissible confines of quandrant equation.In the architecture of human progress, articles of faith often times are first subconsciously drawn, pending the adoption of the outstanding physiques of what is thought. If the strategic values of liability persist, to appreciate the opportunistic prejudice of necessity, the immanent but elongated power of what is known,realligned knowledge management, into ministry of mission, where existentialism strictly matters and fulfillment for a stressful life. We are forced to change our pattern of lifestyle, given the mean s to ensure its survival. The brightest minds, that scientifically make apposition for its pragmatism, unknown to them, are sampling doses for succesful enterprise. They are forced to decline in relevance as the strategic values of necessity equally dwindles and sometimes swindled by down trend of liability curve. To render a good service by quandrant artistry, is to be tied to the pendulum cycles of this new mode of leverages. We are not spared of the consequences of brutish environment, but hallowed hands hardly deny the laying of much emphasis on the equation that we subconsciously live with and barely apply. The jurisdiction of the equation ordinarily releases the brain power and enables freedom of the arts.
October 21, 2018
Thoughtlessness part 23
October 20, 2018
Thoughtlessness part 22
There is empirical evidence that our thought is the reason for a lengthened lifetime or shortened lifetime. Even though mothernature has an inherent influence in our survival of the entire journey of a lifetime struggling sojourn. We are fac with challenge of managing a virtual cylcle of such challenge all things being constant should we exclude the inherent force s of mothernature in this context. We quite agree that necessity is the mother of invention and we cannot be influenced by such forces until we have been raptured, by the inherent condition that ordinarily necessites that transaction of necessity. Then the quality and quantity of this exploitation is predominantly determined within the confines of industrial arts of mankind. Mankind in general flocks to trial balances of essays with least resistance and every enforcement by rigorous ado is invariably resisted. In the article of faith that is we believe in what we think and know that must ordinarily precedes what we do. Consequently, it creates a good leverage to help us explore variegated benefits that doctrinal forces of necessity aptly avers us to boon by benefices as providential benefactors and not as innate or birthright thing. Every privildge makes a man an apology of deterministic opportunism and ordinarily we are frced by willpower to exert essays productive or not to invest in Providence. The rise in the inherent risk of liability invariably aggrandises the appreciable mass of necessity as alternating force o reap the harvest of a providence invested and further investibles. To have easy access over this norm of success quadrant,the self imposing nature of this leveraged transaction being automatically witnessed or diurnally experienced in their arts and customs can be scientifically exploited for fulfillment. The enabled ecology of this factual leverages operating in strategic alignment with the success quadrant tends to distinguish failure from success and the artistry of its artists.
October 13, 2018
THOUGHTLESSNESS.PART 21
Quandrant management grows effectively with crisis situation and which requires anti.crisis therapy and strategic exorcism respectively.Crisis situation is a natural challenge to every arts and it requires a unique management set theory not less or more than quandrant management to induce fire brand politics.This men have a voice and you can link them to their sources.The inherent application effectively revamps its techniques and methods and can adapt quandrants in different conditions at different times.Environmental condition tends to shape crisis climates and the various types of crisis or quadrant management techniques applicable to different times.Man as a quandrant artist,is invariably positioned in a crisissituation at a particular period to formulate policies and artistic programs that are suitable to various crisis condition at divergent times.Failure to gain foresight otherwise can lead to quandrant failure and artistic failure.Those who fail in a given environmentfailed not because they incapable.
THOUGHTLESSNESS.PART 20
There is empirical evidence about the nature of quandrant chain power and its interaction with responsive human art to explore its logical analysis before action is undertaken and effect applied.The frankness of what is believed,faith quadrant tends to accelerate brainpower,alsothe quantity and the quality of whatyou think.If the retentive memory is robust,accretion to knowledge grows,is instrumental to logical action.A logical action is a type seededby purpose and can only aids habbit formation,routinisation,adaptation and fulfilment.The pattern of logical action must follow the operative mode of knowledge administration.It also emphasizes the rational evidence of inherent knowledge bias where actions are undertaken and the transaction of the first two quadrants by nature,must ordinarily be subscribed to by the latent coherence of the last two quadrants.This is quadrant unison or quandrant consensus and their emotive capital is in line with the general purpose and work accordingly and strategically.
October 12, 2018
THOUGHTLESSNESS.PART 19
In the economics of thoughtfulness,the operating cost is higher when you hardly believe what you think.And as you raise your capacity to believe with borderless thoughts like the open minded class,the quandrant economies of scale increases as you grow your learning.We know men by what they think when judged by other quandrant power criteria such as what they believe,what they know and what they do.We do not for the entire lifetime grow beyond this set limit of quandrant chain.To change your statusquo,you must change your existing quandrant formula.Since not everybody can be able bodied borderless thinkers,a fully determined success quandrant soldier that hardly say no,is forced to raise his potential capacity to fit into this liberal class of open minded people.The best strength is to be able to massively compete in the quandrant battlefield.Solving the quadrant equation,a lifelong challenge must not invariably be done consciously but we should be able to program our industrial art subconsciouslyaccordingly.
THOUGHTLESSNESS.PART 19
In the economics of thoughtfulness,the operating cost is higher when you hardly believe what you think.And as you raise your capacity to believe with borderless thoughts like the open minded class,the quandrant economies of scale increases as you grow your learning.We know men by what they think when judged by other quandrant power criteria such as what they believe,what they know and what they do.We do not for the entire lifetime grow beyond this set limit of quandrant chain.To change your statusquo,you must change your existing quandrant formula.Since not everybody can be able bodied borderless thinkers,a fully determined success quandrant soldier that hardly say no,is forced to raise his potential capacity to fit into this liberal class of open minded people.The best strength is to be able to massively compete in the quandrant battlefield.Solving the quadrant equation,a lifelong challenge must not invariably be done consciously but we should be able to program our industrial art subconsciouslyaccordingly.
THOUGHTLESSNESS.PART 18
This law guides human success in every spectre of endeavours,from material,economic,social,political,cultural and infact physiological,medical or healthwise respectively. Scientifically,we use subconscious and conscious quandrant power to control or governmind body mechanism and in case their defence is offended by consciousness ofhuman art,the breakdown of such routinised statebeing its natural consequence is the rapidity of stress and stress related ailments. There is no laws of power elsewhere beyond this quandrant equation and the natural challenge is how to raise our capacity.This impliesthe borderless thinkers hardly failand every empiricism seeks to polish previous encounter.Every human action driven by the missing but error link in the quandrant power,the human emotion is largely sterile and unconvincing.To follow quandrant chain power and explore its domino effect is to reduce our ratio of thoughtlessness and get the dreams into fulfillment,at record numbers.To think without faith is simply burning
THOUGHTLESSNESS.PART 17
We musttherefore fully peruse the law of success quandrant to break even.It is a natural law that the action quadrant should not precede the knowledge quadrant and to do otherwise in the cosmic nature of human art is to risk setback and paybackgiven its subjectivity is slavery and then failure.In first two base metal of quandrant power,the same law applies and you cannot produce slavery and subjectivity whenever they are applied.Objectivity is a primordial attribute of great achieversand you barely looses where creativity is involved.To disturb the flow of quandrant equation implies spirit of slavery,planlessness and then thoughtlessness.We must make decision to think and to believe it and to make quandrant sacrifice shows a man a natural planner;how much more with detailed metric.There is a special grace to believe in what we think and it comes naturally and also a blessing to a meagre men whose thoughtfulness,has no boundary. For the majority,the chances of success are indubitably muchmoreinfinitesimal
THOUGHTLESSNESS.PART 16
Quadrant and then action quandrant,as basic tools of the planning metrics can be as thoroughbred economics of success transition and environmental adaptation.Success cannot be possible without their input,input analysis and effect application. Forget about physical and material or tangible resources that many consider an impediment into the actualisation of dreams and ambition or vision.The success quandrants undoubtedly are the metaphysical forces behind planning metrics,accomplishment and rays of survival and optimism are not considered alien to its success radicle.Once,you know that in the same way in which quandrants provide life to the planning metrics,the metrics itself provide fuel to fuel accomplishment.There should be operative scale or meter at which they operate,which the strategy map could quietly provide.The quandrants are not elitists and badly needed a good sailor or a good actor to achieve in the tiring success transition process.We are not our own identity and have not power whatsoever
THOUGHTLESSNESS.PART 16
Quadrant and then action quandrant,as basic tools of the planning metrics can be as thoroughbred economics of success transition and environmental adaptation.Success cannot be possible without their input,input analysis and effect application. Forget about physical and material or tangible resources that many consider an impediment into the actualisation of dreams and ambition or vision.The success quandrants undoubtedly are the metaphysical forces behind planning metrics,accomplishment and rays of survival and optimism are not considered alien to its success radicle.Once,you know that in the same way in which quandrants provide life to the planning metrics,the metrics itself provide fuel to fuel accomplishment.There should be operative scale or meter at which they operate,which the strategy map could quietly provide.The quandrants are not elitists and badly needed a good sailor or a good actor to achieve in the tiring success transition process.We are not our own identity and have not power whatsoever
THOUGHTLESSNESS.PART.15
For the umpteeth time,i make bold to say,you cannot rise above what you think.You are the reflection of what you think and it speaks volume largely about the fact that you think what you believe.Very few personalities can do that and to be bog down by such setbacks though at times could be a blessing is to postpone your destiny.The distance between failure and success can be surmounted by this affordable success quandrants in general.When they are well harmonised where talents and exquisite potentials meet,the gap disappears with naivety.To receive power,to raise your capability beyond average measure,we are forced to believe in what we think first before taking action in the court of first instance,over what we think.And then first and second quandrants,would ordinarily influence what we know and then what we do.These Qandrant points are commercialisable only where written and detailed plans are available,to redefine our statusquo,at a particularperiod.The faith quandrant,the thought quandrant,the knowledge
October 5, 2018
THOUGTHLESSNESS.PART 14
And in most cases,man given the overbearing nature of this mystical powers,manoften not in control. Consequently,we record more failure in a lifetime than successes per capital put together.To be beware of this road carnage by a sensitive journeyman is to profitably risk the projection of a calculated risk for a nonnegotiable softlanding.We cannot form a good character or habbit when we are truly confused,to believe in what we think.And that means that the volatility of what we believe which implies what we really do not believe,would in the long impairs what we think,whether we like it or not,the entire chain is headed into dunghill.Sometimes,if not in most cases that can be judged by returns,we rarely know when we believe in what we think and how we arrive at a verdict that propels our action.But it is the subconscious mind and its metapsychology that can provide this most elusive answer.And i do know that the ratio of failure manifested in a human action,invariably implies the evidence of this truth.
THOUGHTLESSNESS.PART 13
Methink that the image of human thoughts,in its truestform,lay active in the night when its automaton,its natural vector,the body is at rest.Although,the ministry of mission,being evidence of action at its vertex,cannot be disputed is basically needed in the communication of dreams coded into vision,ambition and aspiration into being,but the operative range of the human thought,its mystical powers cannot be demystified for its outstanding result.In such world of logical thinking,it smacks of a foolhardy to capitalise on luck or providence to produce such outstanding outcome.Why we bear the fruit of what we know,is because it is recommended and endorsed by nature that we bear the fruit of what we think and what we believe.And as what we think influences what what we believe and what we believe nurtures what we know,it is naturally expedient to endore the fact that it would automatically influences what we do.Hence,we aggree by all sundry that habbit formation good or bad,has a long chain of stressful exercise.
THOUGTHLESSNESS.PART 12
I would not cease to say,you are what you think and even by your deeds of derring do,you cannot write what you think.You see yourself in what you think;for the spirit sees them knows them before you think them and also set the domino effect through your willpower to do them.And long after they are forgotten,the reward that you see as returns good or bad tells you vividly that the outcome of what you think is not just what you do but the satisfaction of what you do without necessarily recollect its brewing process of mutation.Sometimes,we break down into trauma when we are smitten by returns of poor thinking process and we tends to blame either on charm or badluck.The scientific trends in mordern civilisationdoes not say so,with convincing evidences of how the brain works and actions are formed.We are the consequences of what wethink,even in the same way,in which existentialists enthused,man is responsible for every action undertaken under sun.When we do not mean those action attimes,they can be influential
September 30, 2018
THE SONGS OF WINDY HISS Part One
How dreary is it to gesticulate and pointificate at the drudgery of windy hiss.And to banish as bathos,purport in your catcall of catchpenny catch22.A speckled cat of shindig shillyshally,backwoods spirit of shiftless shennanigans.With sibilant hisses of windy sigh,doth barely forbade to hiss.And both norms,a rampage of eggshell chinesse patella.Hardly bypass its puffy tort nor reshuffle this footage of dithering shuffle.For a shuttle and a shroud with the immaculate bang of filthy counterpoise.Even as screeching heelsand shrieking sickrooms shuttered silvermoons.Those sidesplits on my couch,trendingtowards flashing memoirs,not banished me in my deprecate.Some sideswipes across pavement of burgeoning purports,barely forfeit sidetracks.Their ambrosia for the silvermoon Or these sluts and pejorative hothouse plants,nauseating sickparade left unshut.The eagle may fly till it's sidekicks,on the sidelight evanesce.And to sightseer and the laggards of shindy stink,the song of windy hisses,its minstrel may not sigh.
THE SONGS OF WINDY HISS Part One
How dreary is it to gesticulate and pointificate at the drudgery of windy hiss.And to banish as bathos,purport in your catcall of catchpenny catch22.A speckled cat of shindig shillyshally,backwoods spirit of shiftless shennanigans.With sibilant hisses of windy sigh,doth barely forbade to hiss.And both norms,a rampage of eggshell chinesse patella.Hardly bypass its puffy tort nor reshuffle this footage of dithering shuffle.For a shuttle and a shroud with the immaculate bang of filthy counterpoise.Even as screeching heelsand shrieking sickrooms shuttered silvermoons.Those sidesplits on my couch,trendingtowards flashing memoirs,not banished me in my deprecate.Some sideswipes across pavement of burgeoning purports,barely forfeit sidetracks.Their ambrosia for the silvermoon Or these sluts and pejorative hothouse plants,nauseating sickparade left unshut.The eagle may fly till it's sidekicks,on the sidelight evanesce.And to sightseer and the laggards of shindy stink,the song of windy hisses,its minstrel may not sigh.
September 29, 2018
COUPON
O covey,upon my nuances,coutured with so much covetous courtcards thrives my courtly courtyard of betting game.I bet this coupon was my coup de grace and a prop of covenish courtier to eschew the courtrooms of the minnows.Like an indefatigable courtesan,flirted with my craftwork,crackers'dusk,crackers'dawn,do i coyish crapulous placed my bet in this casino of coupons.And then the creeps upon creeps,pleached the creme de la creme,for the utmost trophy of the crenellation.The crooks had usurped the gaming table and as pawnbrokers,danced treachery into its autumn of the perfidious curlicue.And those cummudgeons who curry apotheosis,adorned with cupolla of mischances,do well,not to spare mischief.Coupon of fortune a deathbed of the mores and a deathpenalty of the martyrs and the retrogrades. Caveat Emptor!
August 18, 2018
THOUGHTLESSNESS.PART 11
Those who cannot proffer solution to their immediate environment cannot do same for the macro world.We are doomed to die interstate when this light darkness becomes before our very eyes,as living dead jones wither bits by bits our ephemerallife away with no bridge built andno milestone turned.Our passport,our identity to the world,has unfortunately becomes the most ignored and abhored way of life.We are doomed to serve ourfellow man as lifelong slaves as it were over the ancient,a restlessfact still peeping like a peepping tom into distant posterity,yet unseen.I am appalled at variegated complaints in the media,in the streets,towns,cities and environs,or beyond,butsometimes am still amazed when you witness same set of folks that once brandished complainants'languours,hardly lend a helping hand to dying humanity nor a mere lifting hand to mere neighbours next door.Thisspeaks volume to the lipservice we pay to the art of humanism and the notion that subscribes to the practice of egalitarian society in general.
THOUGHTLESSNESS.PART 10
Despite that we humans are blessed and imbued with the equally branded anatomical structure and same physiologies,same body physique,all same eyes,brain,nose,legs and all blessed with same physical,egological and emotive attributes and environmental advantages,being the same,capable of similar potentials,yet practically only a minus meagre,a sparsely distributed gestures saw it fit to indulge scientific or strategic thinking of the type that can move the mountains and make them melt.Time and space will not heal mankind of this most heinous slavery that the world has ever seen,but it will only get worse and worse untill all the resources of the world and wealth and commonwealth are pragmatically colonised,in the imperial hands of fewer and fewer men of those who think,and a single fellow,exceeds them all.We cannot defeat them-these fellons except we can compete.Not even less than a quarter of a percentage of all mortals will ever live to observe fully the nature of this intricate web of everlasting slavery.
August 17, 2018
THOUGHTLESSNESS.PART 9
We are slaves to what wethink basically its inglorious light.We are also slavesto those who think for us especially when they think wrongly,to whom our destinies unfortunately are tied in this most volatile world.Then we are of all species the most pitiable or the most pathetic of those inglorious lights in which we are held in bondage forever.Indeed,it cannot denied that we are slaves to those most powerful men who think for us and we eat their excreta,our food andwe aredoomed to their shackles unless we harness percapital our glorious light. Unfortunately,this excreta is the very meansof our survival or the subsistenceof our existence.Then,it is shameful we are lifelongserfs to those who put us into gaol unless we begin to cultivate the art of thinking as fellow thinkologists,we cannever be freed and the world cannever be freed.The worst form of slaverythe world and history has ever seen is not the ancient slave trade or the trade in human trafficking but rather the worst form being the intellectual slavery
THOUGHTLESSNESS.PART 9
We are slaves to what wethink basically its inglorious light.We are also slavesto those who think for us especially when they think wrongly,to whom our destinies unfortunately are tied in this most volatile world.Then we are of all species the most pitiable or the most pathetic of those inglorious lights in which we are held in bondage forever.Indeed,it cannot denied that we are slaves to those most powerful men who think for us and we eat their excreta,our food andwe aredoomed to their shackles unless we harness percapital our glorious light. Unfortunately,this excreta is the very meansof our survival or the subsistenceof our existence.Then,it is shameful we are lifelongserfs to those who put us into gaol unless we begin to cultivate the art of thinking as fellow thinkologists,we cannever be freed and the world cannever be freed.The worst form of slaverythe world and history has ever seen is not the ancient slave trade or the trade in human trafficking but rather the worst form being the intellectual slavery
THOUGHTLESSNESS.PART 8
No one doubt that thoughtlessness makes an ass or a mockery of every man and a ridicule to the very glory of every man.Our thought is the glorious light of our finite being.We do not have much time to live as an ephemeral earthbound creatures,passing this lonely world to fret so much on frivolities.And before one can say jack,time is gone.So,why wasting your time carelessly all in the name or influence of bandwagon effect without an inkling whatsoever of the changing powers of this glorious light?And if you do thinkwrongly,you risk bear the consequences,then it becomes your inglorious light or frankeinstein's .Change is permanent where thought is permanent and given volatility of thought,man's time management capability is poor and tardy.It is certain a vast hordes or majority of mortals too much innumerable to count will die with this glorious light unused.And the world will forever be a poorer place to live.Cast a thought away today and you risk put them in a perpetual bondage,even generations yet unborn
August 16, 2018
THOUGHTLESSNESS.PART 7
Every man potentially,has that most beautiful city in him and i call it'psychocity'the city of the mind and many by conscious ego,do not live there.What an undeveloped city left desolate and for the most part in ruins by man's own sheer ignorance and nonchallance.The material success of fortunate man is a concommitant effect of its inward built psycho city.When you think,you are in real terms building that city and if succesful within,then material success automatically would be its tangible evidence.Given the fact that man's mind or psychocity magnet occuppies the most unique place in the universe,the city within then is extremely valuable than the cities without.We mean the astrocity or geocity or egocity.In this context,teleology as epistemology as eschatology mobilises the nature's compromise in alignment with internal and operative texture of human thoughts.Though the most beautiful cities have been built in the world's most powerful civilisation,but the city of the mind man's eternal home neverbuilt
THOUGHTLESSNESS.PART 6
and then saves a whole generation.We carry the true burden of survival when we use this glorious light to break into new frontier of opportunities.The price of liberty is at a little cost of information freedom and the price of information freedom is at a much higher cost of the quantity and quality of thoughts at a particular period.Time and space dispenses this momentum inclusive of necessity to broker this frontier and nature of climates,it portends. Life is extremely risky when we graciously fail to hedge it with this insulator against its immanent nebula.We are the mirror in what we think and it can only carry us as far as the energy it contains.Then this depends not on the quantity but the primordial quontients involved and the need of the time. The quality of a civilisation therefore is the vast assembly line production of information and their big bang or boomerang effect generated by psychocity impulses of the artist in question.And so we are as good as what we think and as we think accordingly.
THOUGHTLESSNESS.PART 5
We are fallen in this irreparable canyon and for which there maybe no remedy even in the unforeseeable years ahead.The world is naive and naive somnabulist of its core moreish values.We cannot at this critical point of civillisation jettisson same gospel that has carried thus far.Given the factthat evolution of thoughts is cardinal benchmark of mordern civilisation as it were over the ancient,the primordial values so far communicated in real terms ranging fromgrowth to sustainability of development makes its academic research a compelling case as a ultimate bulwark of human civilisation.The prime motive of mankind as earthbound creatures is to think.And think and think man must think or perish and there is no salt and salvation under sun for better life than this glorious light.He is the most fortunate man in living history;he that thinks himself into trouble and thinks himself out of trouble.Now listen,he is the greatest man in living history,hethat thinks himself into trouble and thinks out of trouble
THOUGHTLESSNESS.PART 4
Challenges come and go but it can only sharpen our observation and does not makeyou a thoroughbred thinker.Yet,the wilderness is the very best college of greymaterisation.No,wonder a street urchin today might tomorrow be a leadership simpleton or a kingly bumpkin.In this farago and variegated turpsyturvy,that rouses human pathos,compassion,sympathy and empathy,we could only at our best observe,a preamble to thinking.Still in most cases,apathy to thoughfulness mirred with vain thoghts and surperficial knowledge that hardly comprehend this most disturbed period of life,blanketed this critical juncture of our life.Why wouldnt a village bumpkin not become a leadership bumpkin?The institution of wilderness is the college of reason.Perhaps,the fury of time and space with its groping darkness that envelopes the institution,and the agonising pangs it exudes with overbearing effect on the dying humanity concerned,at its most unpalatable period,is solely a responsible catalyst behindthis apathy.The strongest survives
THOUGHTFULNESS.PART 3
We know by the nature of man,we are invariably poised to thoughtlessness.And Man is by tradition nauseating in this context and for most of his life,bland observation is the keystone to human survival and a tepid posture as trademark,so conspicuous exhibited towards gallantry.Those who have made a choice for mediocrity,barely interfere with that admissibility of carteblanched status.They are inextricably interwoven with the fabric of that indomitable composure insomuch that the statusquo is incontrovertible.Such breed of machismo have made a lifelong resolve for mediocrity and progenies or siblings like lickspittlers may also be destined to that quagmire.It is by the power of thoughts that we interprete meaning into our life and by it we also by our heads and heels.Little wonder,Francis Bacon says' Knowledge is Power'and when let loosed such power,we beget salvation and also gives salvation to dying humanity.Thoughtlessness,indeed is the greatest trap all things being equal that a man can set for himself.
July 24, 2018
THOUGTHLESSNESS PART 2
Every man's brand is his pediggree of thinking capacity.The best logic of survival is to sustain what you think and once your thoughtfulness has set into pace the innertia force or motion,a rational goal getter cannot impair the daring stances of dreamland actualisation.The thinking capacity is the ultimate verve of a becoming and the standard gauge of actual motion and then reality managent.The way we think that impulse is the way we act and since notion goes before motion,the true portraiture of what we think is apparently reflected in what we do.We cannot control the outcome of our action whatsoever but we can control what we think. A man's destiny is tied to what he thinks,especially upon sighting a need with the resolve to proffer solution to societal challenge and once graffittis are drawn and images clarified,still through polished thinking capillarity.There is no barrier to the actualisation of destiny,once they are tied through the law of action to the ministry of purpose and ministry of mission.
THOUGTHLESSNESS PART 2
Every man's brand is his pediggree of thinking capacity.The best logic of survival is to sustain what you think and once your thoughtfulness has set into pace the innertia force or motion,a rational goal getter cannot impair the daring stances of dreamland actualisation.The thinking capacity is the ultimate verve of a becoming and the standard gauge of actual motion and then reality managent.The way we think that impulse is the way we act and since notion goes before motion,the true portraiture of what we think is apparently reflected in what we do.We cannot control the outcome of our action whatsoever but we can control what we think. A man's destiny is tied to what he thinks,especially upon sighting a need with the resolve to proffer solution to societal challenge and once graffittis are drawn and images clarified,still through polished thinking capillarity.There is no barrier to the actualisation of destiny,once they are tied through the law of action to the ministry of purpose and ministry of mission.
THOUGTHLESSNESS PART 2
Every man's brand is his pediggree of thinking capacity.The best logic of survival is to sustain what you think and once your thoughtfulness has set into pace the innertia force or motion,a rational goal getter cannot impair the daring stances of dreamland actualisation.The thinking capacity is the ultimate verve of a becoming and the standard gauge of actual motion and then reality managent.The way we think that impulse is the way we act and since notion goes before motion,the true portraiture of what we think is apparently reflected in what we do.We cannot control the outcome of our action whatsoever but we can control what we think. A man's destiny is tied to what he thinks,especially upon sighting a need with the resolve to proffer solution to societal challenge and once graffittis are drawn and images clarified,still through polished thinking capillarity.There is no barrier to the actualisation of destiny,once they are tied through the law of action to the ministry of purpose and ministry of mission.
THOUGTHLESSNESS PART 2
Every man's brand is his pediggree of thinking capacity.The best logic of survival is to sustain what you think and once your thoughtfulness has set into pace the innertia force or motion,a rational goal getter cannot impair the daring stances of dreamland actualisation.The thinking capacity is the ultimate verve of a becoming and the standard gauge of actual motion and then reality managent.The way we think that impulse is the way we act and since notion goes before motion,the true portraiture of what we think is apparently reflected in what we do.We cannot control the outcome of our action whatsoever but we can control what we think. A man's destiny is tied to what he thinks,especially upon sighting a need with the resolve to proffer solution to societal challenge and once graffittis are drawn and images clarified,still through polished thinking capillarity.There is no barrier to the actualisation of destiny,once they are tied through the law of action to the ministry of purpose and ministry of mission.
THOUGTHLESSNESS Part one
We are what we think and that is my best adage and you might think otherwise.We pull down ourselves or raise up our artistic ability by what we think and that is a gospel that even ages cannot deny.
We are what we do because we are what we think and given the axiom that the latter begat the former signifies the strategic but overaching impulse buying and domineering effect that thoughtfulness has over action especially the law of action and the extant impetus that drive them.Apparently,based on the pedigree of salvo fired,you become what you think and that spiritual force,no rational theory living or dead dare an attempt to deny.
We cannot become what we hardly thing and the true passport of dunghill plummet,can not be lampooned always being thoughtessness and the pikestaff is as crystal as the nacre and the crystal waters.You cannot rise above what you think and we are not making referring to traditional or habbit formative thinking here and almost everyone except lunatics,cannot disaggree with that.
We are what we do because we are what we think and given the axiom that the latter begat the former signifies the strategic but overaching impulse buying and domineering effect that thoughtfulness has over action especially the law of action and the extant impetus that drive them.Apparently,based on the pedigree of salvo fired,you become what you think and that spiritual force,no rational theory living or dead dare an attempt to deny.
We cannot become what we hardly thing and the true passport of dunghill plummet,can not be lampooned always being thoughtessness and the pikestaff is as crystal as the nacre and the crystal waters.You cannot rise above what you think and we are not making referring to traditional or habbit formative thinking here and almost everyone except lunatics,cannot disaggree with that.
July 17, 2018
GROWTH AND DEVELOPMENT ; INDUSTRIAL REVOLUTION pat one
Obviuosly,there can be no doubt that development is by necessity evolved to fill a natural vacuum begging for a n institutional redress,in a pragmatic attempt to revamp social and economic standard of living of the people.The biggest impulse ever contrived in modern history for all time still remains the industrial revolution of the 18th and 19th century respectively.This in real terms,altered the cultural landscape of the western civilization.
However,it must be noted that social and economic demand riding on the heels of necessity was instrumental to its success and this signifies why political ,social and economic values tend to change when the need for technological values,also change.The great Britain was the birthplace of industrial revolution,beginning from the seveenth century ,at the county of Lancaster,of a landmark event whose transformations that later spiraled worldwide took Europe by storm.The textile industry provided the lead and being transformed by mechanisation and industrialisation that was begun in people s home known as the cottage industry .In the 1700s,a series of innovations ,prompted an ever increasing productivity,that required less human energy and manual operations and was spurred by the mass production technology provided by Adam Smith during the same period.
Moreover,the invention of spinning jenny by James Hargreaves-1722-1778 that enabled to produce multiple spirals of threads simultaneously..History has it that by times of his death,there were over 20,000 spinning jennies spread over great Britain.When Samuel Compton -1753-1827,came he was able to improve on the innov
ations of spinning jennies with his spinning mule as well as later emergent machines. The power loom which mechanised the process of weaving cloth,came in 1780s been the invention of Edmund Cartwright 1743-1823,This moved the world closer to fulfilling the dreams of Adam Smith vision of mass production and made possible the mobilisation of the mordern fruits of technology .
While evolution in the iron industry also played a vital role with the vital inventions of Englishman Abraham Darby I678-1717in the early 18th century which discovered a cheaper way of producing cast iron through a coke fueled rather using a charcoal fired furnace. An inexpensive process was first developed for mass producing steel,with the invention wrought by Henry Bessemer a British engineer ,in which both iron and steel became significance resources that made mass production possible form aplliances , tools and machines,infrastructure,buildings, to ships,cars among others.However,the biggest invention of the industrial revolution and unarguably was the invention of Thomas Newcomen 1664-1729,that was used primarily to pump water out of
mines.When in 1770s,came the Scottish inventor James watt to improve on the works of Newcomen,the most profound stage was set to usher in industrila revolution in an unprecendented way.
Obviously it is clear that societal and cultural values change as technological mode evolves making possible to advance the practice of development and the standard of living respectively.Growth can spurned according to the extant salvos of technologiy and development can be formed when they are sustained and further commercialization of its efficiencies is improved.The practice of development though tied its apron string nvetheless can deny the extant values that supplanted it.It should be noted that the voyage of culture existing and its nherent productivity found in people homes was was subsquently mechanised and commercialised to provide and promote this mass development of the later era.
However,it must be noted that social and economic demand riding on the heels of necessity was instrumental to its success and this signifies why political ,social and economic values tend to change when the need for technological values,also change.The great Britain was the birthplace of industrial revolution,beginning from the seveenth century ,at the county of Lancaster,of a landmark event whose transformations that later spiraled worldwide took Europe by storm.The textile industry provided the lead and being transformed by mechanisation and industrialisation that was begun in people s home known as the cottage industry .In the 1700s,a series of innovations ,prompted an ever increasing productivity,that required less human energy and manual operations and was spurred by the mass production technology provided by Adam Smith during the same period.
Moreover,the invention of spinning jenny by James Hargreaves-1722-1778 that enabled to produce multiple spirals of threads simultaneously..History has it that by times of his death,there were over 20,000 spinning jennies spread over great Britain.When Samuel Compton -1753-1827,came he was able to improve on the innov
ations of spinning jennies with his spinning mule as well as later emergent machines. The power loom which mechanised the process of weaving cloth,came in 1780s been the invention of Edmund Cartwright 1743-1823,This moved the world closer to fulfilling the dreams of Adam Smith vision of mass production and made possible the mobilisation of the mordern fruits of technology .
While evolution in the iron industry also played a vital role with the vital inventions of Englishman Abraham Darby I678-1717in the early 18th century which discovered a cheaper way of producing cast iron through a coke fueled rather using a charcoal fired furnace. An inexpensive process was first developed for mass producing steel,with the invention wrought by Henry Bessemer a British engineer ,in which both iron and steel became significance resources that made mass production possible form aplliances , tools and machines,infrastructure,buildings, to ships,cars among others.However,the biggest invention of the industrial revolution and unarguably was the invention of Thomas Newcomen 1664-1729,that was used primarily to pump water out of
mines.When in 1770s,came the Scottish inventor James watt to improve on the works of Newcomen,the most profound stage was set to usher in industrila revolution in an unprecendented way.
Obviously it is clear that societal and cultural values change as technological mode evolves making possible to advance the practice of development and the standard of living respectively.Growth can spurned according to the extant salvos of technologiy and development can be formed when they are sustained and further commercialization of its efficiencies is improved.The practice of development though tied its apron string nvetheless can deny the extant values that supplanted it.It should be noted that the voyage of culture existing and its nherent productivity found in people homes was was subsquently mechanised and commercialised to provide and promote this mass development of the later era.
July 16, 2018
A COLLECTION OF ESSAYS
A COLLECTIONS OF ESSAYS
CHAPTER- 9---FAFOWORA VS. MADUNAGU;
SEEKING FOR IDEOLOGICAL FREEDOM
In reply
of postscript of May 26 written by Dapo Fafowora in The Nation campaigning for
the adoption of market neoliberalism This axiom is undisputed for all time :that freedom is the salvation of man under sun and the commonwealth and godfather of all social progress and human civilization is the ideological freedom .It cannot be so successful to achieve its desired ends unless intellectual freedom is leveraged to transplant it from the nursery and preserve it into the main field .When they mature culture is reborn and refined which is the mother earth of all progress and the foundation of the universe .How so great if we adore them and we shall preserve our civilization for all time or launch imprecation that may take eternity to cure when abhorred. It is the greatest challenge in mortal history-indeed it is the greatest battlefield of freedom –author.
It is imperative to note that a society or a nation evolves based on the existing capacity of her economy and the available competence and core competence respectively needed to mobilize mass development cannot exceed this capacity rigidly motivated over time by wiles of nature and human instinct .
The development of human capacity , mainly human capital and human resources using these changing caprices predetermines the extent and the ratio of capital development that can be mustered over the long haul .Development therefore , no matter how small or big cannot go beyond the pedigree of social capacity at a time .
However , inasmuch as it is pivotal to mass development , without development ideology or ideological freedom , the uniqueness and the quality of capital development which is the totality of mass development at a time cannot also be sustained over the long run . In stead of long term sustainable mass development , or capital development , capital underdevelopment roosted by increasing development mortality had become a lasting patrimony in the developing territories .
In one of my previous posted articles ‘the concept of capacity building and economic development ’ l categorically shed light and appraisal on the mobilisable proportion and importance of capacity building and unrivalled influence on not just economic development but sustainable economic development and the ire effect and imprecation of brain drain over Africa .
Similarly , in my two books ‘Neomarxism : How to conquer world Poverty ’slated for publication in America and especially its African version ‘World Development Ideology and the Age of Microfinance ’(note:ebook version available } I also shed light on the effect of ideological subserviency over Africa ,diagnosing and proffering solutions to world wide economic crisis while using Africa as a case study , to nail the poser once and for all .
I also believed this is the first time in history in which development system is proposed for each territory of the world based on prevailing local macroeconomic climate .In my successive studies , even it is plainer to a layman or casual observer that the problem of Africa today or most developing territories is lack of ideological freedom .In these researches ,I highlighted the rise and fall of African civilizations and successive ones .
Today , after the fall , no attempt had been made and accumulated complacency [bibliomania sis ] encouraged the latter triumph of slave trade , the outburst of successive neocolonialism and relentless blind patronage of modern neoliberalism . No development ideology, nothing! Why? Even where we have some philosophers and economists or some good thinkers coming up making a giant stride like south western Marxism popularized by great Awo, they seem to be basically pro-west like Edwin Madunagu or a Neoliberal advocates like Soludo, Sule Lamido or Dapo Fafowora .
It is certainly clear that the gain of erstwhile banking reforms had be come moribund and effect unsustainable. Even the newly rescued banks according to AMCON will take 10trillion naira to be liquidated rather than 1.5trillion naira needed for recapitalization .The banking system is in a colossal mess. The economists and the policymakers are the major bane and bone of contention .This ilk’s hardly think out of the box .No one thinks clearly nor get rid of this bias .
To liberate African minds from the yoke of western ideological trap had become an arduous task .Even when their scientists and economists have been trying hard to relinquish and jettison past moribund theories which led to previous boom and burst mainly from the great depression of the 1930s to the past meltdown, our so called --African avangarde are still stuck in between , eating the excreta of dejected western moribund theories and proffering them as solutions to deter our nightmare . The worst part of this mess is that even a slight modification of these theories had been hard to come by.
The best we had was southern Marxism and effect not sustainable with the successive generation .Madunagu is an unrepentant Marxist .I have known him for long as media incendiary probably more than a decade now when I was still a vendor , before taken on journalism and writing as next target ,though we never met . A friend of mine was a core aficionado and is still very fond of him .He had so many followers like this guy and bequeathed nothing but trash to them .This guy hardly believed there were other intellectuals in the country that were far better than him . HE USUALLY CALLED HIM FATHER –‘ baba agba’ in Yoruba meaning somebody unbeatable and a leader in the field . All attempts to convince him he was no brainier sounded like the hoot of the raspberry .Fortunately , he is a scholar of repute and have strong sense of history .
Anyway , we can not take that from him .But my worry is that he would have been very good original luminary if he had challenged Marx AND contributed immensely to expand or refine Marxism in this country, besides being good historian because he is the nation’s no.1 Marxist and knows the terrain very well in and out .
THE FALL OF SOVIET UNION
It is particularly interesting to note that the propagation of ideology must be preceded and succeeded by a good sense of intellectual and ideological freedom .The crash of Soviet Union came as a result of lack of intellectual freedom for the people of the old Bolsheviks .
Hence , people were alienated from social ,political and economic freedom reserved only for the elite class who enjoyed the boon of ideological freedom .With the emergence of Stalinism , Marxism was heartlessly raped for good three decades and capital development was attained at the risk of intellectual freedom .It is the greatest empiricism in modern times as far as dispersal of ideological freedom is concerned .That in a society where ideological freedom is ensured , intellectual freedom sown over all citizens must be allowed to roost and distribute the gain of great charters of liberty over all .This was experienced by the Anglo-American or western Europe beginning from the Renaissance era and tirelessly keep mustering its steam for a good five centuries persistently clining even in the post-industrial age . We can imagine the kind of challenge a society without ideological freedom is facing talk less of an embedded disability potential entrenched in a socioeconomic system via the distribution of ideological freedom over all .
That is the ideology must be absorbed and fully imbibed over all irrespective of demographical differences prior to evolution of capital development so as to sustain ideological freedom –this is intellectual freedom .If the framework is abused , mass development could be strangulated which requires muses from the people for its success
.This remains a tall creed in the great charter of liberty .That a society to be liberated through ideological freedom must be mandated to also imbibe the fruits of intellectual freedom prior to explosion of capital development .This defines the essence of development cycle in a cameo which should be repeated by every successive generation so as to maintain and sustain growing antecedence of human civilization . Inability to adhere to this creed , better explains why democracy ,neoliberalism , nationalism , Marxism and the gains of economic freedom had failed woefully to materialize or yield result in most developing societies .
The great soviet society did attain this up to a time and capital development attained was not sustained with the next generation due to abuse of intellectual freedom .70 YEARS LATER led to its fall. It is necessary to observe that local tradition usually grows or patronizes new ideology use so slowly .But when intellectual freedom is entrenched in human tradition via psychological behaviour , ideological freedom can grow so quickly with mass development and then capital development nurtured as cycle graduates and flow sustainable .
That is an imperial fact .On May 26 ,2011 , I read ‘Searching for new Economic Perspectives ’a post script written in The Nation by Dapo Fafowora—a veteran essayist and young Nigerian mind making waves in this arena which informed the kernel of this article. I noted with rapture and bamboozle his erudition and perusal which exhumes the unworkable antecedence of socialism in most part of the world where it was adopted and how it was overtaken by Neoliberalism .He noted China , India and entire BRIC countries forming this nucleus and thus concluded that the model should be adopted for the Nigerian economy while declaring null and void the efficacy of socialist model .In my new book [African version ] .I call this mentality and prejudice ‘Biblio Myopia’ not common to developing countries alone .Mentally enslaved people hardly think out of this Pandora box of repression and especially we-- blacks are confronted with this problem as the most culturally subservient race .This stigma continues to confront us .
These men and we have similar features -- ideologically famished minds. Unfortunately , a Nigerian was calling for the adoption of the same model that led to great depression and the meltdown that thoroughly thrashed 5 out of 7 American investment banks into dungeon of obscurity .AIG , Merrill lynch , Bears Stearns , Lehman brothers and U.S. mortgage banks --Fannie Mae etc.all fell without remedy IN THE FOURTH QUARTER OF 2008 .A period in which MILLIONS OF Americans were bankrupt and homeless and countless marriages crumbled .
When the sub prime crisis took the world by storm in 2007 , not many knew it would lead to credit crunch of this magnitude that detonated the toxicity in 2008 .On September 15, 2008 ,Lehman crashed with the largest bankruptcy filings in U.S. history .Then Merrill Lynch ,the largest stockbrokerage company in the United States also went bankrupt and was bought by Bank of America .The same banksters behind the economic holocaust and the new depression with no financial education even though claimed otherwise , are still being looked upon , teaching people everywhere , proffering solution to the crisis they perpetrated .AIG ,Fannie Mae and Freddie Mac are still mired in depression , in serious trouble and haunted by the crisis .
Today , Warren Buffet a notorious criminal and the world leading bankster, running the world largest Ponzi scheme empire is still being courted by government to help proffer solution to the nagging crisis mustered by their empire .Seeking help from a bankster who helped midwives the crisis is unfair and who sold the toxic mortgages known as the derivatives to government , pension funds and investors around the world , after rating the same sub prime mortgages AAA through Moody -an agency he controls [like Wells Fargo , General Electric , American Express and Gold man Sachs ] can be regarded as a fraud .According Robert Kiyosaki in the new book –Unfair Advantage , he regarded selling sub prime debt packaged as AAA prime debt a ‘fraud ’.Yet his companies have received billions of dollars worth of bail out fund from government after the crash .
Is it not unjust that somebody behind the world largest Ponzi scheme empire is still being regarded as the smartest investor in the world ? Millions of homes are now under water , worth less than the mortgages .Retirement funds in America is short of 6.6 trillion dollars according to Kiyosaki and Boston college report 2010.These looses would leave Americans unsafe after retirement .In just one month alone August 2010 , approximately 108 billion dollars worth of defined benefit pension plan assets of the top 100 biggest corporations recorded monumental loses .
This means millions of Americans who contributed to this pool are in serious trouble of unsafe retirement and may not receive the guaranteed paycheck for life .Besides , the university of California retirement system –Calsters that was unfunded by half a trillion and engaged in risky investment , the Californian government pension agency ,Calpers –a public retirement pension system that accounts for 1.6million public employees ’health and pension benefits was also in serious trouble having lost more money than all others combined.
The spill –over effect of the successive financial contagion even in the immediate post –meltdown era has not yet abated .What a rascal we would be if it is adopted! Fafowora himself in the post script concluded that – ‘‘currently , three European countries-Greece , Portugal and Ireland have asked the EU for financial bail out to avoid falling into economic depression .The British coalition government has introduced savage cuts in public expenditure to reduce its huge budget deficits ’’ I believe these are short lived measures and inadequate options .Madunagu was right to interrogate the quality of Neoliberal free market , he proposed to liberate the nation from economic quagmire .
Then I burst to laughter a bit when he said ‘‘ So far Nigeria has been able to ward off a depression ’’I can ’t understand Fafowora linking it to a surge in unreliable oil income .Are we not in depression already or now in a country in which 15 million graduates are not employed and unemployable and 90 percent of the people are below poverty if we use UNDP poverty profile and not world bank poverty line concept .Great trouble is imminent if we adopt western neoliberalism hook line and sinker .Although , I quite disagree with Madunagu as a remorseless Marxism in most cases , but he was right to lampoon Fafowora ’s ignoble doses ‘with a populist passion ’ or any such ‘was bound to fail ’.
Truly speaking , it was a total failure in almost all developing countries .And mind you , market socialism not of the type preached by Madunagu had always been the savior .During A. Lincoln era besides the civil war [1861-65] James Garfield ’s 100 days in office and Kennedy ’s 1,000 days in the white house , the attempted introduction of U .S . green backs during the period to the era of Roosevelti an New deal that ended the depression at the end of world war 11 but disapproved and branded as national socialism by the supreme court in addition to Clintonian boom of the 90s –the golden age of U.S. economy
An era that created more than 22 million jobs and over 500billion dollars as surplus piled up in the treasury cannot be whisked away in a jiffy . The Marshall plan introduced during the end of the second world war to liberate Europeans from the miseries of the war cannot be forgotten but they blinkly unearthed some of its hidden potential
They same banksters behind the land speculative crisis of the 1830s were behind the great depression and who also profited immensely from the finance of world wars 1 & 2 helped induced the meltdown .During the depression, thirteen thousand banks crashed in America prior to establishment of FDIC in 1933 and from the end of the second world war till the 70s inflation not employment blanketed the nation. At the root of this problem ,the Fed .stood as the major catalyst of American economic crisis .
It would be surprising to note that American government did not have nor own a central bank because the Fed .does not belong to it .The private Wall street bankers owned the institution established by Woodrow Wilson in 1914.Here is an institutions that was created in violation of article 1 section 8 of the constitution which restricts delegation of the right and power to create money and regulate its value beyond the congress or o other body .Despite the fact in 1935 supreme court ruled against delegating this power to another authority , it acted contrary instead against the law .
By the time the President eye opened to the ponzi scheme , it was too late .A full trained Professor of Law-a senior intellect was deceived to defraud his country .The Federal Reserve Act gives private bankers the American sovereign powers and the most important of all powers .According to Stephen Lendman in the ‘Grand Theft America :The untold story Of global economic crisis’, is the one most of all that governments hardly relinquish which is the power to print money and control its supply .This is the greatest calamity ever bequeathed to ADAM Smith philosophy of free market .Not only control its supply but also determine its value or price its scarcity mainly through federal fund rate manipulation and through changes in the monetary policy .
It is graphically absurd to charge government interest on its own money and later returned the same flat with no interest to owner ,creating money out of nothing and mortgaging the future of generation yet unborn . When on June 4 , 1963 , with the Kennedy issuance of the executive order [EO] 11110 , it gave the authority to the President to issue currency, ordering the treasury to print U.S.treasury notes replacing the Fed . notes and attempted a process to let government owns its money and resided with the power to print money and not Fed. banksters .
Several months later he was killed and Lyndon Johnson took over government to reestablish the Ponzi scheme to the glory of the Banksters and continue with the statusquo of fraudulent monetary policy shift , contracting and expanding interest with no government regulation and oversight control while the taxpayer foot the bill .Does it make sense to create money out of nothing transferring wealth to the banksters from the people ? When Nixon came , in August ,1971 closed and ended the gold window which once backed local currency , suspended its convertibility into metal beginning a new dawn contrary to Breton Wood core provision.
Few greedy men had mortgaged the posterity as faith in the dollars declined on the altar of profligate policies and unbridled corruption . According to Lend man half a century later after the great Jefferson statement ,Lincoln narrated his vision : I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country ….corporations including bankers have been enthroned and an era of corruption in high places will follow , and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the republic is destroyed .
’’The Fed today is the world largest Ponzi scheme . It is the most fraudulent central bank in the world controlled by greedy banksters who were behind the killings of three American presidents for trying create one .Economist Michael Hudson and critics Stephen Lend man in their critics of meltdown reconstruction efforts had regarded EESA ‘cash for trash ’as a give away and not bail out .It indicates simply transfer of public wealth to the few banksters and insiders –a sort of financial coup d’etat and the largest and the most inequitable kind since the 19th century. That is why I have contended that inequality of wealth leading to reguflation causes inflation.
.The critics lamented this inequality and were angry at the amount of deceit and relentless fraud going on in the system .Having dished out junk of all sorts –structured finance or SIVs ,credit default swap , securitized mortgages , student loans , collateralized debt obligations such as car loans , credit and corporate debt , special purpose vehicles [SPVs] repackaged arcane and commercial papers and more later resorted to costly hedging ,when the bubble burst to socializing losses at the expense of hapless taxpayers .
This enriched the fraudsters to cripple the economy .A system that rewarded criminals and crashed industrial capitalism replacing it with the kleptocrats .Little wonder Jefferson regarded the banking institutions as far ‘more dangerous to our liberty than our standing armies . Already , they have raised up a money aristocracy that has set government at a defiance. ’He further noted : the issuing power should be taken from the banks and restored to the people to whom it properly belongs ’.
There is a great deal of secrecy going on in the Wall Street . Some have blamed the universal banking model as the real culprit but indeed not really . In the banking crisis of 1930s the reform advocates during the period blamed losses on the reckless behaviour of securities’ affiliates of commercial banks .The universal banking model which entertains full gamut of both retail and wholesale ends of the chains offering services across diverse sectors and regions was scrapped with the emergence of Glass Steagall Act of 1933 repealed in 1999 which stipulated and enforced legal separation of commercial banking and investment banking .
But during the period subsequent perod have shown that those institutions without a security arms had a much greater threat and tendency to fail .Whether both studies are good and reliable or not is a matter of intellectual debates with the emergence of great meltdown .It is inadequate to link the problem really to lax lending practices , poor savings , poor credit rating , credit crunch and poor regulation .This happens everywhere .
These are secondary inconsequential factors . This indicates that the system is the problem and inadequacy entrenched in the neoliberal free market would keep crisis reappearing unless new model is evolved .How can few private banksters and greedy individuals in the country mortgaged the right to central banking of a sovereign and most powerful nation like America to their own parochial ends ? What they did not know is that inflation and recession are twin arms of inequality of wealth.
What a calamity will we caused our nation if adopted ! .About 13,000 banks crashed during the depression and was speculated that in a decade about half or more of 9,000 banks would soon go if the present model persists. We should not be a rascal to adopt this moribund theories here in Nigeria. Not many knew that even before the laws of the market were discovered by Adams Smith ,some scope of communism and extensive practice of unrefined market socialism not really the sort preached by utopian socialism was endorsed in Europe .
A long barren medieval abetted this practice . Moreover, this lasted from the late medieval for instance for good 800 years in France even after its revolution of 1789 [ref.Robert Heilbroner: Economic Revolution, pg.137,shaping of western civilization explains the mood of the era ] .The Renaissance movement that started in Italy became the sole catalyst of modern free market which began in Britain and lucre was the sole motivator .The trenches of disillusionment he noted with neoliberalism in the 70s and 80s and its total failure was due to ongoing ideological rivalry of the period or so called cold war a period in which it was reborn and resurrected by P.M. Thatcher in G. Britain and President R.Reagan in America . They adopted the philosophy of Adams Smith followers-Fredrick Von Hayek and Prof .Milton Friedman .When Soviet union fell , democracy and political freedom [ not economic freedom ] swept the world like tidal wave –a major reason behind its growing patronage and increasing world poverty prevalence
But the problem here is that Karl Marx had no ideological disciples like Biblical Jesus , Prophet Muhammad or like Adam Smith ,whether in support or in opposition of the baseliner model .Smith had masters before him . Thomas Mum ’s mercantilism came before him and free market existed before him fully entrenched in human tradition left unexplored We also have people like John Law and the share trading of Mississippi company .When he came he reorganized this field of economics and had a large followers who succeeded him consistently polishing his thoughts .For instance , from the classical economics to neoclassical economics that produced the like J.B. Says among others to people like Joseph Schumpeter or historical giants like Milton Friedman ’s monetarism and Hayek , the world had become a better place to live ushering in unprecedented prosperity whose views were heavily adopted and respected around the world .Though Nobel laureates in economics are awarded on annual basis contributing their quota , broadening the study , many more challenges and hurdles however still remain to be mounted .--- The Keynesians and the era of macroeconomics were also influenced by classical economics ’s theory of larger market , mass production , division of lab our , laissez faire etc. [ref.later study on macroeconomics ] .
Whereas Marxism suffers drought in this regard .Besides Engel , I barely knew or read about a prominent philosopher or many of such expanding this field of thoughts --Marxist economics .Practically none . Yet, it is the sole alternative study and the most reliable to spread wealth evenly ,or near evenly to ensure universal prosperity and banish poverty if well refined . The utopian socialists before Marx or prior to 1848 European revolution were prominent historical figures who mentored and indirectly influenced Marxism and Bismarckian nationalism, drawing inspiration from the failure of the revolution .
I believe that lack of disciples in the development of this field and the nature of stiff resistance meted out to opposing schools especially during Stalin era strictly accounted for the fall of old Soviet . Several countries that adopted it like Cuba or China couldn’t survive solely with it. And even Cuba would cave in sooner or later to free market deceit like China because lucre is a deceiver .The reason is simple : Marxism was regarded as ‘ unfinished revolution ’because many details and grievances were left unexplained and unsettled .Several principles that should form the nucleus of Marxist Scriptures guiding the transition of social institutions towards the communist homeland were not expatiated and clarified . In ‘Adam Ulam: The Unfinished Revolution ’Ulam noted ‘‘How different will the better world of socialism be from the old one of capitalism? Marx and Engel have notoriously little to say about the wonderful new world their criticism and theories imply ’’
So much references were made in regard to the nature of capitalism compared to skimpy evidence of socialism .The Marxist world of Western Europe in 1880 fell mainly to Engel but his view was not that vastly different from his great companion .When he died in 1895, Ulam concluded ‘‘the canon of Marxism was frozen and vital questions of socialist role in parliamentarianism of the nature of transition from capitalism and of socialism itself remained to be fought over by revisionists and orthodox Marxists ’’As noted by an American ‘ain’t no disciple gat no appeal ’. I want to believe the anticlericals that form the nucleus of the reformation of the 16th century by the nature of their roles were socialists The Martin Luther king Jnr.Malcolm X. Rosa Parks among others who redefined American values , racial equality and the course of black history were no less socialists in the modern sense .
Little wonder, the permission obtained by Edgar Hoover from the U.S.attorney general of the period to ransack and scrutinize King’s private life found out shockingly he was no communist but indeed his action showed otherwise .If there were disciples shortly after Marx and Engel to polish this ideology , it could have been a more powerful force in mortal history .The role of ideological disciples [ as opposed to mere followers] is to maintain and sustain the tempo vital in the distribution of ideological freedom transplanted by early golden age thinkers in the field .Darwin also had great followers like many of the world great religion founders.
DARWIN ’s LONG STANDING HISTORICAL COLOSSUS
Charles Darwin had a good history to draw from .According to Robert Wright -the author of Moral Animal , he noted after the Origin Of Man ,a great revolution began with the emergence of an increasing body of natural researches beginning from historians like John C.Greene and intellectual reactionaries such as William Hamilton ,George Williams ,Robert Trivers and John Maynard Smith encouraged the deepening that occurred thereafter in the study of evolution .
This broadened the instinct of evolutionary biologists opening the long withheld mysteries behind the social behaviour of animals and man .Wright concluded when he noted the existing defects that two epoch making books such as E.O.Wilson’s Sociobiology ,(1975) and Richard Dawkins (1976)-The Self fish Gene’ which spoke relatively little about the influence of human behaviour no doubt contributed their quota to increasing global appeal of Darwinism . The study of Darwinism or evolution is by no means peculiar to Darwin .Charles Lyell is the pioneer in this field had already advanced the study prior to or as at the time that Darwin started his thesis drafting 35 pages and expanded it to 230 pages later. While Newton discovered the laws of nature and dominated the 17th century ,Darwinist thesis on the evolution of man also competed during the period .Jean de Lamark (1744-1829) had earlier challenged the immutable fixity of species envisioning a comprehensive evolution from worm to man using the theory of acquired characteristics to explain the evolutionary process .Karl Marx also applied this to social sciences that social institutions were constantly in the process of change .
The thesis started from 1840s upward . In his ‘Progress ,its Law and Cause ’Herbert Spencer applied this to all phenomena. Whether commerce , Production , social development , language ,science ,literature and art all undergo simple evolution. This I described as ‘development cycles’ which rests largely on the institution of freedom .The social Darwinist who adopted this philosophy utilized its belief to justify the golden age of colonial expansion and Darwinism was enforced to justify imperialism of weaker race [i.e. blacks] .That colonies were instrumental to the survival of great powers .The philosophy of the aggressors-Marxists , Bismarckian nationalists and social Darwinists may not serve well Africa because it was meant to keep us as a perennially defeated race . The resistance and loggerheads between Darwinists and creationists till date serves to broaden the horizon and study of natural selection spreading intellectual freedom beyond initial scope that could have moved even Darwin in his grave today .
The successive development created so many schools of thoughts and later refined their world view such as the belief of social Darwinists .On the other hand , in the Greek society , Several branches of philosophy such as Epicure , Stoicism and existentialism were evolved .But by the nature of their evolution had finished their assignment booking a place of pride I n the world civilization ’s history - It is necessary for ideology itself to evolve like every field of human study , it has promoted .This eradicates the irregularities and shortcomings involved in the original context for the benefit of universal welfare .
THE SOCIALIST MOVEMENT VS. THE SOCIALIST ENTERPRISE.
The socialist movement debuted as an intellectual and ideological institution in the 19th century . This created a means to counter the problems posed by rising tide of industrialism and launch protest against liberalism .Socialism as a word and ideology first appeared in 1833 and 1839 respectively .It simply re-emphasized the need to return to pre-liberal traditional society that once existed prior to explosion of industrial revolution .They were concerned with the social challenges created by industrial evils and the inherent trespass on right of man .That a society exists for the benefit of all its members as advocated in the middle ages ..They opposed the free market powers of the individual bourgeoisies which they believed had prompted social misery of industrial workers. They advocated social cooperation ,state capitalism and planned economy . Even though they could not cope they represent a rising conscience against the evils of capitalism .
In France , count of Saint Simons (1760-1825)a bold aristocrat held sway who also fought alongside the patriots during the American war was the first to realize this challenge. Rene Joseph Proudhon (1809-1865) a self professed anarchist of French peasant stock also consolidated socialist influence in France .He was hostile to state and opposed private property .Robert Owen (1771-1878),a successful textile industrialist believe in good education and a good working environment would lead to human progress .Simon’s most vocal critics –Charles Fourier distrusted all centrally planned authorities and believe large bureaucracy would certainly lead to anarchy .Nigeria should learn from this .Whereas Sismondi a swiss economist entertained a popular stance believed all class struggle occurred as a result of world scarcity of goods .He could have been a great Marxist economist had he being that popular with that viewpoint a world model like Smith.
My view on Neomarxism is a bit similar to this ends. He believed that with the new means of mechanical production an increasing floodgate of goods if left unchecked would lead to class war far more incomparable to previous wars. In an attempt to gain market share over temporary market rivals , increased competition induced by increase marketing , would create lower wages and increase working hours which would in turn lead to economic crisis and internecine wars between capitalists and further ballooning artificial poverty . Isaiah Berlin commenting in ‘Isaiah Berlin : The Utopian Socialism ’noted ‘‘Fourier ’s indictment is the prototype of all later attacks on the doctrine of unchecked laissez faire ,of the great denunciations of Marx , and Carlyle , of Daumier ’s cartoons and Buchner’s plays ,no less than a communist ,fascist and Christian protests against the substitution of new forms of privilege for old and against the enslavement of the individual by the very machinery designed to set him free. ’’ When Charles X was expelled during the revolution of 1830s bringing the Louis Philippe to the throne of France ,socialism gained impetus once more reviving literary revolution .
A tireless succession of books and media freedom attacked social evils of the day and proliferated remedies .The Lamar tine or Cremieux softly liberal proposals ,and the developed state capitalist model expounded by Louis Blanc and semi-radicalist demand of Ledru Rollin or Marast .Blanqui and Barbes also proposed drastic socialist policy using their journal L’homme Libre endorsing abolition of private property or violent eruptions . Apart from Pecquer , Blanc and Dezami , other scholars , who followed closely either popularized ,altered and diluted their original thoughts and doctrines. With his Christian socialist ‘words of a believer ’Lamais --a catholic priest in 1834 , published his revolutionary ideas .Also In 1845 , the ‘Bible of Freedom’ appeared and was circulated by Abbe constant . Fourier ’ s disciple –Consider ant also gained popular appeal when he supported and declared in favor of the abolition of private property .
They lasted for a quite a while and later evanesced as a movement especially the Saint Simonists .Unfortunately, they later became the same capitalists,--railway magnates , rentiers whom they had lived for all time to preach against .The previous gains of ideological freedom nosedived in to obscurity as intellectual freedom developed volatility. Sharing and suffering the same fate as the Marxists .Can you imagine ? That is the power of lucre . They lived only to fulfill at least one out of their master ’s prophecy . Communist settlement was funded by the fourierists in America like the Oneida community that attracted popular American thinkers. They could not sustain the tempo and pressure in the defence of what they believed like the Capitalists .Time pressure was against them –an advantage that the capitalists had exploited to the full altering the forms of the society as they deem fit .The capitalists and the merchants after the overthrown of feudal lords were able to exploit not only the gains of intellectual freedom but its proven merit of better standard of living derived from the fruit of technology , tested and applied to advance the course of capitalist prosperity .The socialists who promised universal prosperity-a far better alternative have fallen far behind .Most especially , the socialists have been seduced by lucre, and according to V.Lenin , have sold themselves to the capitalists think not of the future of their children or grandchildren but they themselves.
MARXIST SOCIALISTS VS .UTOPIAN SOCIALISTS
We know that the original pre-Marx Socialists and original pre-Bismarckian nationalists were conciliatory , peaceful ,evolutionary , pacifist and tolerant in the great liberal tradition .Robert Owen , Fourier and the rest were derogatorily regarded as utopian by Marxist socialists .They were so labeled because in binging about peaceful change without class war such as the Scandinavian socialist reforms .That they need not sacrifice civil liberties to get the job done . The pre bismarckian nationalists like Herder [1744-1803] in Germany and Mazini [1805-1872] prominent in Italy .And like their historical brethren failed woefully in the revolution of 1848 .
This failure erupted the iron and blood nationalism preached later by Bismarckian and Marxist socialists ,opening a new vista in modern history .The so called Machiavellian was nothing new but not until 1870s was it systematized effectively and never before the age of Stalin and Hitler was it practiced with such ferocity and coordination never seen before in mortal history .The iron and blood nationalism that followed after 1870s culminated in Nazi Germany and fascist Italy and also led to Soviet Russia advancing iron curtain from Europe to Asia. It instigated like social Darwinists both world wars and global crisis .In the great words of Cavour who accomplished Italian revolution ‘‘if we did to ourselves what we do to our country what a rascal would we be ’’
SOLUTION TO WORLD ECONOMIC CRISIS : A NEW DAWN
Rethinking Marx and reforming Marx is the way forwards for a nation ready to develop or in love with this revolutionary idea .That is why I have taken my time to advance neomarxist free market economy , dual or meta-macroeconomics and neomarxism respectively for Nigeria .I briefly appraised them in my books. I wonder what the be if according to Madunagu, it is the BEST option for Nigeria .I believe we are in Neomarxist Era - not neoliberal era and the world economy if adopted will swing from neomarxism to post Marxism as humanity transit from modern age to golden age civilization . The ideals of neoliberal as may be relevant and neomarxism can be merged to create neomarxist free market as sole alternative to conquer world poverty .There is no alternative for both developed and developing countries .This I believed if adopted , Nigeria can grow quickly and we can do in 5 years what could have taken 10-15years to achieve under normal circumstances . We can begin with this platform and then leveraged subsequent unique models as entrenched in this package to usher in universal prosperity for nations that adopted it .Nigeria ’s problem today is lack of development ideology and not corruption or mismanagement as such which is secondary factor .We are in new dawn we must change our mentality and prepare for the adoption .
BLOGER’S DIRECTION
Not many know that the essence of this blog is to advance the concept and practice of microfinance which is the centerpiece of neomarxist free market economy and neomarxism.It basically deals with strategic impact of the microfinance industry worldwide especially Africa which is to be by content , 60-70 percent for microfinance and 30-40 percent for general economic analysis .Though I posted the African Dilemma –a political essays , this original direction will remain .
It is sometimes expedient for consideration of general economic analysis to be exploited to better align them to dire need of microfinance in an economy .It is by this initiatives that we can weigh its utmost important and optimal effect in economic planning and nation building .References and exposition of macroeconomic models are also needed to compare with the new solution being proffered. It places more emphasis on the fact that foibles in the mainstream formal financial system cannot be resolved without reference to common men to be served by microfinance being the economy of the poor .
Our special reports , interviews and related articles dwell on this axiom We must assess the role of microfinance in poverty alleviation , grass root productivity , microindustrialisation and self empowerment and how relevant are the effect of government policies to their yearnings and plight .Microfinance through its unique free market model would be the beginning of a new dawn in mortal history and the battle to eradicate mass poverty is more than real with this micro financial model. We proffer solution therefore to world macroeconomic problems which I believe cannot be solved unless micro financial macroeconomics model is adopted .
We do not in any way discountenanced capitalism but in the sharing of wealth if indeed the two ideologies can be compared provided Marxism is well polished and mordernised in line with twenty first century movement both are competitive and even exceed the former. Obviously our golden destiny is intricately tied and cannot be isolated in derision of our collective patrimony.
CHAPTER--10 OUR GOLDEN DESTINY
The destiny of the nation lies in
the hands of its people .The reproach of a nation is the abuse of the
destiny of its people and a sacrilege to the sworn oath and dignity of human
existence .Therefore the glory of man is the fulfillment of his destiny –the
very dignity of human existence .It is pointblank to believe destiny can
never be betrayed ,hindered,delayed and defaulted once discovered .Similarly it
cannot be disputed that the very solubility of hardy climate lies in the
fulfillment of destiny and the maintenance of the integrity of destiny .It is a
poisoned chalice to believe so otherwise .
Everyone has a lot to offer in life
and a slot granted in life to every human persons and that slot is the destiny
of man –the very start and star in every man without which a man is
useless and life completely meaningless. Take it or leave it –that is the
gospel truth .Why then are many suffocated and their stars meant for stardom
sinking and destined ,primed and timed or computerized to fail? So it is simple
and can be linked to a slot not discovered making it a wasted life
and unprofitable lifetime.What is the profit of a man if a life he lived is a
meaningless debris and for every meaningless life a lot more potentially
precious souls are dragged into similar mud –a bad deterrent for good mores .To
use our slot more effectively is to live by example and be a luminary for the
gullible human persons in our society .
We are not what we are ,we are not
what we are supposed to be until this slot has been uncovered and what we ought
to be is what we are supposed to be once the slot is uncovered .Am I using my
slot ?Are you using your slot ?I doubt we are ;for if we do ,the world would
have been a better place long ,long long ago .It is pretty dismal that the
world has come crashing down this way and opportunity bracket sinking in an
alarming increase in the population of shambolic lifetime- trends.We are
brought down to this lowest ebb as a result of this missing link-our inability
to uncover our slots talk less of paying its cumulative debt and assuming
the roles and responsibilities granted by mothernature to every homosapien in
their own generation .Taking up this responsibility having identified them
indicates erosion and stagnation of this missing link ,giving us
opportunity to fully harness our hidden golden destiny .Now let’s move on-to
take up the slot is as uncovering your purpose or discovering your destiny .It
‘s pretty simple.
Truly destined souls are
spellbound,spendthrift-less and bombastic elements of a stickler .They are
enthused by the discovery of their identity so to say colloquially . As the
very star and the glory of man that many failed to uncover ,it cannot be hidden
however from those who know its optimal value .Once you get hold of that
ambition and vision ,you are not far away ,soaking your burning cheeks
for fiery dreams . This is possible only when you discover your destiny .It is
the very essence of mankind .Our human value is equivalent to this
discovery upon which we can affordably and prestigiously over time grow our
self esteem .Otherwise building up self esteem without this platform amounts to
self –fluke and a perennially derogatory human dignity. In this context true
identity that is possible only here is equiproportional to the integrity of
human person and the very glory of mankind .
Our destiny speaks volume about the
integrity of our nation and the very goodwill of the people and the way
we go about achieving them .We are planted as earthlings to discover our
purpose and the purpose lies in our ability to uncover our stars
–discover our destinies .To raise our capability with it and to begin the
mission having formulated our goals and objectives and the vision and mission
statement in addition to ambition needed to support the ministry that is
saddled with the responsibility of belaboring the tasky voyage and mission
into fulfillment .
The discovery of destiny is the very
or most practical step to achieve our goals in life.Infact ,a far greater
horde of challenge is our ability to nurture them through the twist and turns
of hardy climate. That requires functional passion , enthusiasm and
abiding faith and a host of core values that can stand the test of time and
strengthen our hold and golden resolve .We are all in the ministry and race of
meaningful existence and failure belongs to those who fail to realize their
true essence in life .The main catalyst of a successful ministry and the
purpose of pursuit deployed in the actualization of this destiny in summary is
the level of faith exuded in the mission .Its vivacity is the very breath
of destiny and is quite an uphill task when compared to the discovery of our
golden destiny and what we are meant to do ,what we stand for and
what we can do with quintessential resources at our disposal and
boundless potentials credited us as per capital as earthlings .Those who
underestimate its potentials often die out at this 3rd state
.The first state requires a sharp acumen to discover our
purpose-our very identity as a people .The second stage mobilizes
all resources at our disposal to achieve it .
Most visions and ambitions tied to
destinies die out a natural death at this stage .Now , let’s move to
third stage .It may not be easy to climb this success ladder and often a
challenge for successful people and very difficult to maintain such status or
what they have achieved .Managing corporate stardom identity-their very
trademark is often a challenge-a big shoe that the poor cannot wear .It
takes a lot of not just hard work but smart work to stay on top of the ladder
.The third stage requires radical adoption of maintenance and survival strategy
–MSS].Those who hardly maintain their stand on top of the ladder are tormented
rather by MSS Setback Syndrome –MASSY ].Understanding these stages
and their psychosocio-ecological importance in the life of every
pursuit artist would go along way to help man devise easy-get-away strategy
that helps aid climbing of the ladder and the maintenance of the top
status without blinking an eye or spinning head on a vertigo .In this way
, they are sure of battling the syndrome to a standstill.
In some of my motivational tips ,we
share and touch the first two stages ,here we touch the last stage and what we
can do to stay on top .Since it requires only three steps to get to the
top ,the fourth ladder include or the head –the top of the ladder
requires the extra-competence for the serving artists .It is necessary to
observe that a given knowledge bandwidth or a set of ideologues deployed
including targets,action plans and vision and mission statements
and used in the first stages ought to be expunged for the convergence of new
ideologues and core values to help successful artist fight the syndrome
.Anything short or less gives less upper hand drive down competence
of the artist in question . Is the same as saying priorities and plans change
as artist grows on the ladder .
This newer set of ideologues
and vision of survival should be more than competitive and which requires more
than competitive benchmark to maintain lead .That means -If you are
or your competitor or next competitors operating in the same industry
set a new target and you are aware or knew it is a fact I think selling
higher target is the key. But what if other competitors find out ,they might be
forced by the same pride in you to increase or raise their target .Sure
,but once you know that it is important to set two or three targets and
make the first but least of the new target public that make it publicly
low if possible even below that of your competitors and make the
remnants private but with higher targets and known only to you .In this way you
can stay above the competition and can become your most powerful trade
secret.How do you get data or information from other competitors in the
industry for you to set those higher , hidden ,thorough and convincing
targets ?This requires deep competitors’ and competitive intelligence
Another way to battle MSS
Syndrome is to be competitive and keep raising your capability to the
limit .Already this is common among successful artists ,businesses and
determined people in general .But with a caveat to discover more unusual
technologies taking the industry by storm and surprise to competitors
,introducing cutting edge products to outmaneuver
competitors that would take years for them to catch up .In the business
and great commerce of artistic capacity building , winning
strategies cannot be shortchanged for anything .The maintenance of waning
competencies in a survival led strategy enterprise that is also poised to
battle the syndrome would be a great disservice to the possible upsurge of
newer technology which could be counterproductive to the general welfare
of such enterprise .
Climbing the success ladder
may not be that easy as some thought ,maintenance is equally an
excruciating pain in the neck of pursuit or ambitious artists .No one
knows what to do to fire the first salvo and hardly can anyone determine
or tell the outcome of cannonade nor its peculiar filigree .Our destiny
tells the true story about us –it is our corporate stardom identity-CSI to the
outside world If well exploited is the golden resource by its applied and
tested effects that later becomes man’s legacy long after a lifetime or
the exit of its carrier .Even though man dies ,destiny never dies whether
fulfilled or not becomes history and the legacy of the carrier never dies .In
true sense discovered destiny worked out left behind and attained becomes a
lasting legacy .
The destiny of
mankind is mystically tied to the forces of mother nature and nature
respectively as the destiny of every man is tied to the destiny of every
man .Man is a keeper of his neighbor and the mantle of salvation of every man
is interred in every man .Your asset is your neighbor even as you are the
asset and liability of your neighbor .The society is reproached when we are at
loggerheads with this objective axiom that civilized but belligerent
people tends to lampoon. We are not immuned from the predicament of our
neighbors and the eventuality or fatality of times that ties us together
and we can be equally as lucky as our fellow man .Therefore ,the disaster
of every man is ingrained in the disaster of every man .Man as gregarious
flocks of animal ought to live and tread with caution with whatever it does –an
aberration in modern society .No man is safe until his neighbor is safe and no
man can have true rest with eyes closed until his neighbor has successfully
done so .It is an understatement or the biggest litote of the century or the
millennia to assume otherwise .In this context , universal safety
is impossible .Our destiny is tied together irrespective of differences in
custom ,race ,tribe and diverse cultural ,geographical and demographical
barrier and we cannot escape this inalienable fact of human existence .It
is an incontrovertible truth that history and ages have failed to decipher .We
cannot be deceived our salvation lies in the unity of mankind .
The word ‘destiny ‘ is theoretically
and practically misconstrued and strategically a general ministry of man and an
established natural law of meaningful human existence .It is devised for
problem solving and human ability to help his fellow man surmount
challenges including his society of problems beyond their
immediate capability. This explication is better clarified when we refer
to the word .Truly speaking for us not to be deceived , the destiny of
man is in the service of fellow man .As a general ministry of man it is not
peculiar to any man .That the destiny of every man is in the service of
every reflects the extent to which human capability can control future hitherto
uncontrollable events and the joint responsibility of mankind making effort
toward this great service .It means human capability to control the risk of
general fatality ,universal eventuality and prosperity which are directly
future related somewhat uncontrollable events whose risk in general
does not exceed human capability to control its mystical phenomenon .This
is possible only in the unity of mankind unctioned in the public
service and the distinguished service of the sworn oath of human existence .We
are destined to survive together and that is the greatest mission
of mankind in the accord of mother nature .
Therefore no man is destined alone
to survive without the help of his fellow man .In this guise , man lives on a
daily basis to subconsciously to observe the preservation of this
oath of service . Unfortunately as bellyful and bellyaching as we are of this
oath ,human sentiments and rational vacuity betrays us of our moral sense of
responsibility and justice needed in the true observance of that priceless
mission precious to the protection of our integrity as earthlings .Consequently
,the destiny of mankind is polluted,smeared and heavily
misrepresented as we do utmost disservice to the great unity required to
promote that universal ministry.Our destiny speaks of our time and our true
destiny is collective destiny in contrast to diffussionist-critics
community which subscribes to parochial pursuit with
propensity to preserve self-interest of these disgruntled elements as panacea
to preservation of human freedom and wealth maximization .Mordern
capitalism as it were over the centuries and till date is still
cunningly responsible for this degeneracy of moral psychedelism.In this regard
,we are not spared of the economic ,political and social storms bedeviling
human society .This is linked to the polarization of destiny of man –a great
disservice that strengthens its brawl on the missing general unity of
mankind .How do we return our lost collectivity ?As it is to return fugitives
sent to exile and parched places of the earth requires return of this unity .
Empirical evidences abound that no
man can survive on its own and infact self preservation and self interest
cannot truly survives without preservation of social
interest .I n other words , our individual destiny on a per capital basis
is possible only to the extent at which social interest is amortized or
collective destiny is amortized.We owe a lot to our mutual existence and
environmental welfare –a notion that social Darwinists have often
lampooned as the rantings of an ant-a derogatory remarks so remorseless
as ages unwind their sails in the 21st century .We have long
betrayed our collective destiny in pursuit of ruinous parochial prejudices and
the catchword often perennially is ‘’every man for himself and not destiny for
us’’Until we return to the sworn oath of our existence ,there shall be no
end to the storm upon storm in the society of man .
As aspiring mind aspires and desires
to climb the ladder as entrenched with its manifold headaches and never
ending hardy climates ,it is apposite to observe that the tasky voyage of
climbing the ladder cannot be merely possible without the service of fellow man
including sterling capabilities needed in contributing time ,labour and sweat
to the fortunate man on the success ladder .Succesful achievers have
consistently indulged in the customs of stolen time needed for the general
fortune of mankind tapping into the riches of the labour and sweat of the
fellow men at their service .It is this sweat and cumulative time
wisely invested is responsible to the success of these great achievers .But
those who sow do not truly labour and those who labour do not truly sow and
those who do not truly labour reap all.
To a larger extent ,they have
amassed stolen wealth using this fraudulent method heavily swindling the
labours ,sweats and exploitation of quality time of vision-less laborers
and clueless mankind .The buccaneers and bilkers of egalitarian freedom
hardly desired for a change ,heavily bent on protecting the
statusquo ,not reinventing the wheel fiercely resisting the new order that
might seek to challenge vested interest .Destiny is a first class at hand
if properly identified and uncovered by willing art and as ambitiously
aligned to future unpredictable events is the responsibility of those with
sharp acumen .The purpose of universal human solidarity could easily accelerate
attainment .We are not what we are and what we claim we are is still
shrouded in secrecy and a fickle until our purpose for living is identified
.Until we identify our roots- the golden destiny Indeed ,collective efforts and
recognition of the destiny of mankind calls for service and lies in the service
of man to man –a unified common bond of our mutual existence .It appears insane
for a particulalr group ,tribe or race of man to parochialise critical issues
central to our dear mutual existence largely impugn social interest in favour
of selfinterest driven human destiny .
The truth is –mortals are parochial
paranoid and irrational animals though sometimes rational enough to
realize the service of fellow man to every man critical to their
success and triumphant capabilities on the success ladder .Ever part of
us as individuals is destined for the larger part of the whole body of
mankind –a position that might not be possible centuries and thousands of years
ago in America or the whole world .
Cacophonously one
expects that time is ripe –appointed ready for speedy harvest
. For the umpteenth time no destiny can be fulfilled without confession
of the artist,divination , oracles ,incantation and the maintenance of
spiritual and cultural efforts of thy fellow men .To the most grateful
artist ,when it is fulfilled ,such cadence is noted with the satisfaction that
goes with the aertist in question .To stop the bling-bling posturing in favour
of human destiny –so to say which does not augur well in the true
economics of human safety and social interest preservation or
general welfare of mankind . The mobilization of the former must be so
streamlined in its selfless service to observe the collectivism and
collectivistic optimal value of wealth in the general
maximization of destiny of mankind .To a larger extent ,one cageys
relatively so to say is mankind biggest Achilles heels and a blind sport
.How do we mobilise blandishment to quell this blench if need
be and the perpetual degeneracy of moral bland and cultural apathy
that defiles its zeal and muster motive ?
Whatever strategies we might
use ,it must begin by focusing on measures needed to resolve all burning issues
confronting mother earth in this coastline of tumultuous challenges
that divide humanity and nature in general.I think the easiest thing to do is
for humanity to learn sharing of wealth and the art of universal justice
otherwise known as collective destiny can be supplanted after a certain
level of universal freedom is attained at best .With the ideals of
such type of freedom –a sort of egalitarian freedom that better reflects
an affirmation that larger spectrum of mankind has regained zeal to
fight together and work for the fulfillment of that great collective
destiny .Even with that level of consciousness , it might not even favour
or work as we desire but understanding the theories of social interest and the
dire implications of lack of mutual cooperation and public awareness can
do or has done a lot of untold damage to that collective destiny that
ought to bind as one indivisible entity of homosapiens .
Life is a complicated journey –a
tasky voyage operating at a tangent that intentionally spares no
one by the nature of its mystical powers full of complex risks which
requires mutual cooperation and intense public consciousness for larger
humanity to effectively manage the discovered purpose of our collective
goals .When human excesses such as artistic abuse arise out
of those men who have reached their prime and target in life or those
satisfied with their comfort zones as the case may be ,this
jeopardizes or endangers successful ends .Human excesses is also
regarded as artistic abuse as noted earlier not just a component item rather
than artistic ingenuity that seeks to maintain egalitarian minded and people
oriented vision and ambition . The loss of this charm often corresponds
to the loss of human destiny or by tradition is somehow detached
and without this collectivism – general welfare of mankind .
Parochialism in this critical
sense though broadbased , one refers to destructive parochialism
under artistic abuse that is illuminated by dishonesty , corruption
,mismanagement , and all sorts of character-social vices .Above all ,the
inability of the rich ,the elite and the political class to share
their wealth and commonwealth with haves-not and the less priviledge.This
high inequality of wealth can also be regarded as artistic abuse or its
component -a stark masquerading of human parochiality
brazenly manifested in a never ending bizarre saga of these disgruntled
elements whose optimal goal is to mortgage universal progress ,
prosperity and public justice and to betrays its preservation .The
essence and beauty of universal justice cannot traded or shortchanged for
anything –a missing link that they have exploited and devised to enrich their
class .
The mode of capitalism is a sole
contributor to increasing social vices worldwide unless capitalism crashes ,the
attainment of collective destiny would or might remain a
mirage for eternity .We live in a nebulous enclave that indulges and sacrifices
and delights itself in mortgaging general economic freedom for the beauty of
vested interest as capitalism preaches self interest and shall owed
economic freedom .Then socialism –alternative to capitalism that came along
since 1833 or thereabout did not help either having crashed in the 90s
for glasnost and perestroika to take its place for the collapse of old soviet
rather than proffering solution aggravated instead the miasma
of hurdles into the pit of hell. Nobody protects social interest, no economic
political ,social and cultural system did ,had we done so would have lived in a
world free of crisis and wars .Understanding the gravity of
social interest and lack of communion between self interest often contaminated
by artistic abuse and social interest if need be can be a lasting panacea
to this never –ending scourge of public malaise .
As men desire and struggle to climb
success ladder ,artistic abuse and its inherent debased value is a factor
though does not seem so the culprits of public justice who think otherwise
having profited immensely from these inadequacies to boost their chances
,enhance their capabilities to rise above utopian class climbing this
ladder of human destiny with artless ease . This plain old nightmare of a
tireless storm and monstrous scenario has come to stay as the vogue or norm of
modern profiteering racketeers ,moral dissidents and buccaneers of public
justice may not disappear from the earth .How so much possible
again is a revolution and counter-revolutions?Only time will tell as the
posterity looks seriously dicey .This is because the rich are supposed to fund
revolution or as the financier might be at loggerheads with the notion to
terminate their superiority and the possibility of collective efforts of
mankind to fund their campaign and fulfill their discovered purpose .
The world is a lopsided arena and
the utopian class requires a greater portion and rich pies of the great charter
of liberty to succeed .In synopsis , without ideological freedom and
intellectual freedom ,and some level of economic freedom , revolutions and
counter-revolutions may not work and capitalism unknown to capitalists in
general could be responsible as the seed of its own destruction .To rely on few
petit- bourgeoisie ,not easily or broadly distinguished from the bourgeoisie
could lead to a fatal failure and there is no need to reenact the great folly
of the old Soviet and its theorists.Having a certain level of economic freedom
for instance a growing level of this middle class is also vital but not a
formidable ,and inevitable standard that may be corrupted by the same
capitalists to which they owned allegiance with seared conscience unknowingly
faced a bleaker posterity even though it can be a phenomenal weapon of the
revolutionary campaigns.The working class and the trade unions having been
alienated by the industrial reserve army or surplus population may not also
succeed .This including the unemployed and under-unemployed classical
economists as coined by classical economists and Marxist-propagandists could
pave the way for this degeneracy .
The possibility of success requires
a clear cut sense of ideological freedom and high tonnage of intellectual
freedom .It ‘s pretty simple ,the approach could be bloody revolutions like the
Jacobin terror during the French revolution of 1789 and the Bolshevik
revolution of 1917 both counterproductive or the tacit revolution of
pacifism -not as propounded by the Utopian socialists and the
failed European revolution of 1848 that produced the Marxist socialists and the
German Bismarkian Nationalism of Iron and blood of the late 1870s whose
philosophy like the Social Darwinists of the same era culminated into the
1st and 2nd world wars .
A good sense of ideological
freedom and a tolerable of economic freedom is needed to crystalize
intelligent revolutions of their time .Citing a local sample, comes greedily to
mind –how did IBB succeed in the palace revolution of August 1985 ?Although is
a different ball game entirely dealing with a clueless bloody
civilian-lackey but it is also worth mentioning also that how did late
S.Abacha succeed in similar scenario in 1993?So, to launch a
civil-military-democratic regime-not military totalitarian regime now a thing
of history , we require a palace revolution to make it work .The possibility of
success also rest on the traditional piety such as Oath-Swearing Ifa divination
in the Yoruba land with instant results or the consultation of local Nigerian
Prophets coming to the rescue for its success. It may be absurd without an iota
of sentiment-not derogating its instant effect-factor , the former is faster by
effect and a caution to the proliferation of artistic abuse .Churches and
mosques have been bought over by kleptocrats seduced with stolen money to
politicize their acumen and shrouded in secrecy and lack of probity tends to
malfunction compared to Yoruba traditional mystic practices or alternative.
As the theatre of absurdities unfold
remorselessly and tirelessly ,it is clear that the fate of Nigerians might not
change say in a thousand years to come or more. Even though as the best form of
government , democracy has failed Nigerians and like the military
which wrought the marvel of the best infrastructural project in the nation’s
history is not immune either and our hands are tied –where do we go from here
?Ifa divination is for a purpose it is meant to protect the crusaders of
freedom-the crusaders of the palace revolution from the risk of death .Like a
safeguard which western religion does not guarantee ,their life must be
protected and nobody wants to die for nothing. That is the first requirement.
Another option, measure or
requirement to start the palace revolution is to stress the significance
of the legal freedom .Understanding the imperatives of court process and the
strategic impact and the role incorruptible judges can play in
strengthening this process after a given level of these forms of freedom have
been attained is vital to accelerate its impetus on the nature of polity and
politics of a nation .This go a long way to liberate the utopian class
from their challenges and lifelong bondage possibly the attainment of
collective destiny in the long run. Unfortunately ,the entire Nigerian legal system
is groaning under unprecedented level of artistic abuse or corruption making it
impossible in most cases to get a credible judgement from the courts of
superior jurisdictions. Even at that lengthy court processes too much
adjournments say a land cases that may tarry two decades if not more could
frustrate the motives of freedom crusdaers at trusting its credibility to
delivers when it matters most. This is an option anyway quite uncharitable to
the course and its patronage not encouraged .
It must be attempted however while
open public protests of the crusaders under its protection charm is endorsed
,there is need for a media voice and sometimes based on the discretion of the
crusaders stealthy distribution of its publication to the desired readers is
also encouraged . It appears the incendiary propositions as noted above and
somewhat mutiny inducing strategies is simply not vastly distinguished from the
Arab Spring though with emphasis on bloodless revolts attempt at social reform.
This is vital to protect utopian class and promote the hitherto sinking sand of
collective destiny of the people . The problem lies not in our stars but in our
thought process perpetually impaired to adjudicate the virtue of universal
freedom.
MUTUAL EXISTENCE AND
COOPERATION
In every gamut of human endeavors
,mutual relationship and cooperation with fellow man is a strategic imperative
that is common all over history of homosapiens .It is catapulted by public
consciousness of our environment .Mankind for ages not known even to his
forefathers has worked assiduously and subconsciously towards attainment of the
great destiny of mankind .However artistic abuse –a canker has been
equally responsible especially the great setback mankind has experienced
during the same period .
We must understand why public
consciousness has failed and unable to live up to expectation and
disabled to avert this ever soaring decadence-a major bane of
modern civilization. This still remains a big question mark in spite of
avalanche of information saturation of the social psyche from the media and the
phenomenal growth of science and technology in the 21st
century .To avert this shortcoming we require a strong social movement
and the mobilization of social forces placed in appropriate position with the
right logistics and social apparatus –non-state apparatus driven by visionary
civil society .This works toward to universal justice .
Whatever we do today has an
implication negative or positive to somebody somewhere tomorrow .Modern
society as it were in the ancient goes round in that virtual or vicious cycle
in a tireless spiral .We reap tomorrow what we so w today and we reap
today what we sow yesterday. Our characters of justice is shaped by this moral
investment and our beleaguered mind ought to change as human rationality
changes .This also marks a paradigm shift in human tradition that ought to
change as millennia change. For the entire stretch of history ,this noticeable
change phenomenon hardly rubs off on the larger society unable to
fuel or catalyze change in the dimension in which public
consciousness can take to avert this decadence . Here goes the
battle line drawn not in vain but in favor of palace revolution.
The role of public consciousness is
to arouse total psychological ,ideological and economic
consciousness or its moral awareness of mankind in totality to the
observance of collective destiny of mankind. It does not rely on media or mass
media alone but the rate of information freedom diffused from community
to community .The privileged few all over the world has profited largely
from the dungeon of psychological and ideological incarceration of the larger
swathe of world population .Nigeria is not an exception and in this servitude
of fear no one wants to die yet no one wants to suffer in vain that others
might enjoy. IT’S AN ABSURIDTY .That is the height of tragicomedy .For
those who fight risk the life of death and for those who lay risk of life long
bondage; for those who pray and plead ,the risk of rot may linger .Democratic
movement betrays the essence of public destiny and its gains eaten up
by artistic abuse. Its inherent inadequacies ,mal-structure
embedded in its system is callously responsible for this rot .Africa is full of
lack lustre pundits and their inablilty to mobilize social forces and
dominate natural forces so as to effectively sinking polity and stinking
political dilemma gripping Is responsible for this mal-structure.
The struggle for human
survival is successful in the short run as long as the ministry of individual
destiny is concerned and tend to decline in the long run as long as the general
good of mankind is concerned .In other words ,self interest does not live long
to survive entire mankind even by its aggregate per capital .To think otherwise
is a fallacy and pales into insignificance ,the sovereign capability of
social interest through the activity of public consciousness to pay
all social debts and attain universal justice with ease. No
man can attain anything on his own without the capability of his neighbor .We
are known for what we stand for and we live according to what we believe .
It is empirically proven a great
majority of those who discover their destinies takes a longer period of time to
do so .There is convincing evidence that most men apart from the predestinates
or predestinists takes a considerable long period of time to uncover
their purpose amidst trials and errors or learning from mentorship prior to
diffussionism .So ,self discovery process is a pretty complicated matter
but I doubt it is .
Remember the destiny of a man is
attainable in the service of the destiny of a fellow man. Man is tied in
the intricate web chain and domino-effect of universal life survival in the
same way he is tied ordinarily to a fellow man .Sincerely speaking this
bond is expressible in the strict sense of service .While some men sit in the
comfort zones of their posh offices hibernating in hedonism,
illuminated by Air Conditional effect ,driving posh cars ,masquerading with
electronic gadgets ,peasant farmers under excruciating pain of subsistence
farming are responsible for the growth and production of food and availability
of food that hedonists on a daily basis consume or rely upon for survival
.It is naturally expedient to assume, based on that they
account for the larger swathe of domestic foods ,the society
produces .Our destiny is strictly tied together by service but the bone
of contention is –majority suffers for the few and their life not safe while
they contribute on ly to the survive of the predators.
Like I have said ,to discover your
destiny shouldn’t take much of your time ..Since destiny means problem solving
,look for a problem or challenge and proffer a solution like a math
whizkid and heypresto you are done .Be always eager to help other people
solve their problems You will be amazed at the level of your popularity
.It would surprise you to discover that even some rich people do
not discover their purpose and plainly by being prejudiced become a
burden to social system seeing the poor as mentally lazy and not fit to live
.Still yet have tapped, sapped and drained their sweat , lab ours and stolen
hours to enrich themselves . We can say boldly and infact justified to
say that the poor has contributed more to the development of human civilization
and the world economy at large than the rich .That those who sow never labour
and those who never labour reap all ,harvest all.
So much experience has been gained
by learning from their lab ours and stolen times and without learning
from their sorrows and pallor working condition ,modern civilization would have
been unthinkable .I think the crux of the matter -collectively they have failed
to theorise and then practicalise their experience that is rich with creative
imagination but less of strategic thinking .Think of what you can do to
help your nation, your community ,your society for a better nation .Think of
what you are passionate for ,and deliver services in the most convenient and most
affordable manner possible .
I deploy a very distinct
approach and outlandish gesture in the definition of destiny –a type that
is unprecedented in most books that ve read on the topic .Why do many
scholars and elite get it wrong ?An approach such as this conceptualized cannot
be seen on any book treating similar topic ………
HAVE YOU DISCOVERED YOUR DESTINY ?
All over the world hate is a crime
even though we know it not and everybody under its auction is certainly
responsible for its outbreak. Sometimes it is used for the protection of
human status sometimes without reason or sentiment driven .Like a
tumor ,it can soar also in attempt to protect human pride ,tribal ,national
,racial and religious pride .It’s kind of hydra headed monster .Custom of
envy is at the bedrock of modern civilization .Unknown many is also
partly responsible for giant strides of science and technology over the last
five hundreds years .
As a matter of fact , universal
progress has stalled by the same rate at which this crime has grown and
probably worst form of artistic abuse ever contrived .I think it is .It is also
responsible for the fact that the envy of talented
people by those at the corridors of power or those with ability to help
or the rich is certainly accountable for the underdevelopment of human society
especially in the developing society that requires skilled labour for
exponential growth and bridge development gap.
Nobody loves a talented people in
this part of the world and the opportune class in most cases envy them.I
think it is the same thing in all walks of life .Nobody is
spared of this curse or crime even parents are guilty of this crime
subconsciously or consciously killing their children talents or
sometimes without knowing it.Imagine we are
loosing the best of doctors on a daily basis ,the best of teachers and in
virtually every field of endeavors including the informal sector artisans .How
do we break even ?The best of hands were never discovered in all walks of
life simply because somebody somewhere through the imprecation of hate crime is
silencing beautiful songs that were never sung and beautiful voices that were
never heard .
In the midst of this hurdle however
,a determined person ordinarily would not be cowed and once you can discover
what you have or your unique ability ,make up your mind to face rough
challenges ahead.It’s pretty simple once you discover yourself take control
.Even if you couldn’t recognize it in time you would still get a clue of what
to do.Sometimes people can tell you what you are good at and you may not
even notice it .In that sense with time and subconsciously ,you can become a
force to reckon with ,highly valued everywhere you turn to –a gift to humanity
,a leading voice in your vicinity and beyond and a beautiful song in general to
humanity .
Mordern society is full of its own
self inflicted problems too sticky that we are glued to it without noticing and
can consume our attention deny us of our time and ability to develop strength
to subdue them.Yet we have enough people to solve them .I make bold to say that
capitalism has failed us and ostracized a greater population of people from
bread basket or be saved .One great man of influence or is enough
to use his wealth for the success of self discovery process ,
the common man in like manner is able to use his environment or
poor condition to attain it .Whatever we do human destiny must invariably works
towards the accomplishment of universal destiny .When you take control of your
destiny you get a certain level of satisfaction to carry on.
Collective destiny even though we
know certainly is much more important but capitalism has destroyed its moral
beautiful .This requires a structural reform of macroeconomic system and
the organizational mode of firms to make it satisfactory for general destiny to
be attained. That it is advisable for career people not to work or
serve themselves till retirement building a lasting legacy
contribute sharply to economic development and satisfactory living .The
integrity of human destiny easily assures until we are able to ensure how self
discovery process promotes social interest ,there is no hiding place for
mankind .Depending on the logistics put in place we are faced with diverse
choices. If the environment is good enough ,it could be easily attained .
It’s easy to get choked up in the
service of a taskmaster –a lifelong serfdom that is the heritage of
insensitive holoipoloi. Such indisputable axiom is alarmingly responsible for
why a greater number of people across the world is consumed in this
intricate web of social quagmire.It already proven and determined that a
greater population of people is destined to die without discovering that golden
destiny.I see it so and it cannot be changed .This fact is settled and
cannot be detached from this headlong servitude of salaried work
worldwide and the indefatigable inundation of capitalism rendezvous .
Once you discover yourself
,you make it a choice and a mandate to pursue and support it with
VVL mission libido then you make it a career as your life depend on
it ,upon which you price your vision ,mission and ambition .Then you thumb
trying and eager to climb the success ladder driven with a high level of
satisfaction and feeling of human dignity .Your self esteem rises the moment
you exercise confidence in your discovery .Remember ,your self interest
precedes your choice and like Ben Carson –a hugely popular world renowned
neurosurgeon in his book –GIFTED HANDS commented;
‘’All the facets of my career
came together then. First ,my interest in neurosurgeon ,second, my
growing interest in the study of the brain and third an acceptance of my
God-given talent of eye and coordination –my gifted hands that fitted me for
this field .When I made my choice for neurosurgery ,it seemed the most natural
thing in the world .We all have God-given talents ,abilities .Success in life
revolves around recognizing and using ‘’our raw materials’’.’’
You see interest first ,interest
second ,and acceptance is more or less the combination of decision and
commitment to the mission in question .Carson indeed is mystic soul who
understand the occultic powers of human interest and its mysticism and
then cash in on the numerous on the discovery process .There might be no
difference in the discovery of your talent and the destiny –the former is the
resource to achieve the latter and the latter is the challenge and the field of
hurdles wherein it is deployed to be used for the mission of an artist.VVL
THERAPY in the mission libido brings out the best of talents and destiny
respectively .By referring interest twice ,there is a magical dimension of the
VVL therapy to this item and a stable interest is as the same as a
functional passion deployed to drive the steam engine of
pursuit. Making the right choice among competing needs and choices can
make a difference and change your life for the better
…………………………………………………………………………………….
…………………………………………………………………………………………contd.
Having tried over ten thousands
times and ten thousand diverse combinations of ideas utilizing
syncretic imagination and intensive reasoning ,Thomas Edison failed
but with the application of creative imagination and
instinctive faculty ,he succeeded and perfected the incandescent light bulb now
a household name in the history of science and technology .That is how
powerful creative imagination can be .
It is a great asset that larger
swathe of mankind has failed to explore and heavily squandered on a daily basis
.This is what Edison used to transform the world and make name forever
for himself .Imagine if every one is like him we would have had over 7
billion incandescent light bulbs created with diverse perspective
or 7bilion diverse techies each per human inhabiting the earth .The world
in which we live would have been a glorious mansion to live by now and a
paradise today .Everybody has talent ,everyone has destiny but not everybody
uses them .Preparedness the key .
As a result of nonchalance , we have
lost out many Bill Gates too many to count , many Edisons
,Carnegies,Soyinkas,Awos ,Felas and a lot too numerous to count .Just because
of sheer ignorance and our inability to recognize human we could hardly
decipher what destiny means and requires and the ignoble modern structure of capitalism
that distorted the whole picture has disatracted .As generation come and
go ,so people die without bequeathing any tangible thing to their society
.Of course it cannot be disputed as enthused by motivational speakers
that the graveyard is the richest field of the world –not the oil rich
provinces of middle east and the tar sands and shale oil provinces of Canada
and United States respectively .
MENTAL HEALTH EXERCISE AND SELF DISCOVERY
Knowing how to use your brain
effectively can be a major ingredient of a successful artist .It is far
better than relying on mother-luck or connection magic.I doubt it could
be sustainable and our domineering capability over natural forces is
accelerated by human abilities to think and gain mastery of events .In other
world strategic thinkers rule the world .It is the sole compass navigating the
world of impossibilities .As we use our brains ,we must also learn how to
use our mind effectively and turn our traditional mind into scientific
resource vital to dominate this vital resource and then dominate
natural forces as required by the servants of vision hope .This is
important to scale impossibilities because both are extremely related and
operate towards similar direction and goals.This enhances our capabilities to
discover our purpose too quickly .Once you are stuck in the VVL mission
libido,it is easy to break through .
The use of creative imagination or
the proper use of instinctive or intuitive faculty cannot be complete without
this exercise –a life changing exercise often inimical to the environment in
which it is cultivated .Gradually ,through dedication to the art of strategic
thinking as one of the basic steps in the mastery of self discovery process and
pivotal instrument of the mental health exercise destiny virtual cycle
-DVC, a willing art could easily break even .Every human has a
distinguished pattern of tradition and ways of behavior and so
understanding your pattern of VVL mission libido rapture gets
you easily tuned into the VVL frequency and tireless spiral .
This art enhances the self discovery
process-SDP and helps nurture the post SDP period onward to fruition .As
far as DVC is concerned the wealthiest resource is strategic thinking
especially in the climbing of success ladder .Creative imagination is
potentially leveraged to only coordinate and authenticate a good study or an
activity .Once a viable project is discovered , the practice of strategic
thinking is ingrained or grafted to drive entire DVC .Creative imagination is
better explored ,the moment you discover a problem ,it helps you uncover
problem solving techniques and social math quizzes that can be introduced or
ingrained to tactically unbundle the problems at hand.This cannot
be successful unless the master planner steps in and its role imperative and
impeccable for the purpose of fulfillment. Once you stuck in this art ,roadmap
towards is better imagined and attempted .
Strategic Thinking And Creative Imagination In A Self Discovery Process .
The entire human life is interred in
the landmines of self discovery process-SDP .So the psycho-social landmass of
SDP must thoroughly scrutised and perused by a willing art withour rest until
discovery is successful and complete.When you discover your strength or
talent-what you can do ,your limit of ability and where your talent fits when
compared to the choice of your destiny ,a new life begins entirely .Sometimes
people may discover their purpose first and later their talents or for
others it is pretty simple and immediate .Which ever comes when juxtapose that
with your destiny I mean your potentilas with uncoverd problems on ground ,you
bridge the shortfall by learning or grow your capability or competency level in
tandem with the pending problems –a form of social debt that often requires our
attention.
This requires setting your vision,
ambition and mission in a discovered destiny This itself
candidly cannot be detached as an integral part of strategic thinking
exercise and creative imagination .Human tradition and ways of behavior not
vastly distinguished from the approach except that these resources are
been scientifically deployed to a philosophical goal of solving social
problems and catering for the amortization of social interest outstanding.
Depending on the decision of the individual , the discovery can be turned
into a career with the benefits of its distinguished problem solving
techniques. It be driven by subconscious powers –that is you just do it
naturally and successfully without the force of coercion by external party.
Generally it is not proven yet which
of these –creative imagination and the strategic thinking come first in order
of sequence or precedence .But it is generally proven both are leveraged by
necessity interchangeably or are consumed by organic purpose of
intuitive or instinctive faculty .In most cases empirical evidences of mental
exercise has shown vividly when you are instituting a cause ,strategic
thinking comes first ,often supersedes creative imagination giving it
sense of direction .But in the application, alteration and institution of
effect ,still under the former , the latter comes first .It is also necessary
to observe the strategic imperative of thinking enterprise and creative
imagination as pioneer elements that compose SDP as an internal basic
psychological efforts of the individuals.
However , it feeds on the
specter of human activity available such as skill acquisition, apprenticeship,
artisanship or similar efforts by the individuals .This is part of the learning
process and a material function of a dedicated artist that is
expected to drive SDP .Like is I said SDP is a continuous or perpetual
process cycle –a life time full of discovery and is envisaged to persist
after a purpose is uncovered using creative imagination to unfold
new invention and ideas that can nourish diverse problem solving
techniques .Some may be engaged in that process without the option of prophetic
powers ,a soothsayer soothsaying posterity, or a palmist or a stargazer telling
human fortunes .These options are not mandatory and they can
complement SDP since not all individuals have an occultist platform .Even
if they do ,majority may not be interested .
Strategic thinking is a broad
range road map and long range views and polished thought with long
term planning outlook of battering war and crisis to a decisive ends.This
principally uses human mind and thoughts to skillfully and scientifically
artifice good logical conclusion as fulfillment of purposes of intended ends
.While instituting a cause and a course of action ,creative imagination
functions only within its logical premise .In a concise analysis , we aptly
observe the following words as suitable in a proper definition.
Words such as strategy , creativity, imagination, and thinking. Require proper
dissection.
Here we go-Strategy according to
Oxford Dictionary Of Current English is ‘’a plan designed to achieve a
particular long term aim or the art of directing and planning a military
activity in a battle or war. ‘’.Two, the word Creative ‘is the ability to
produce or producing new and original ideas , or resulting from newness or
expression.It means innovation, inventiveness, or ability to generate new
ideas.Imagination as the act of imagining or something imagined not real is to
form a bright picture in the mind to suppose or have an idea especially
mistakenly without proof –an hypothesis .Imaginativity implies formation of an
imaginary pictures or things-an artistic forms of expression deployed at
producing new form of innovation .Thinking simply means thoughtfulness,
reasoning –the act of human thought to produce an idea as factory of
innovation and creativity .It is the mother and best form of human and psychological
therapies ever known to man .Practically and theoretically ,it has no
comparison.
Going by the above definition and
moral appeal without an activity ,a struggle a research process ,a study and
knowledge inquiry involving activities of mental exercise ,their use of
objective computation and problem solving cannot be impossible because they
come in handy once self discovery process commences. We cannot say for sure in
the order of sequence which part of this mental exercise comes first as
driver at every berth of human traditional activity and problem solving
project . But one is sure which comes first in
the application of effect and then cause .This is much more important.
Should we use the nomenclatures as embodied and implied , creative
imagination of course does not function alone but within the
chronological order and logical premise of strategic thinking . Strategic
thinking is the broadest and held within its confine a stranglehold of self
discovery process and the apex moral prerogative in the destiny
virtual cycle-DVC.
It could be absurd to assume that
enthusiasm can function without passion and faith but to some extent .In that
sense a form of immature enthusiasm or irrational enthusiasm or spatial
enthusiasm with root in the space. Until it is well organized with root
in the ground following its order of sequence –faith ,passion and
enthusiasm or irrational enthusiasm or sensation ,it could be dangerous
.Its potential advantage however lies in open up Self Discovery
Process with itself feeding on an activity or a knowledge search .SDP generally
opens up the mental exercise and in most cases ,it happens subconsciously-that
is they are not planned especially in the predestined elements .We experience
and experiment it too easily on a daily basis but they become meaningful
or valuable when a certain level of human progress is experienced .It cannot be
disputed yet we are baffled by it and we hardly know it nor interrogate what
happens at every inch of the interval .
So irrational or unrefined
enthusiasm can be fed by study ,a research etc feeding and opening
up the SDP .This is magical feat that happens so easily to us
even in mind recess and after a considerable level of success or progress has
been achieved ,both creative imagination –CIM and strategic thinking -STI
are leveraged in the order of precedence . First, CIM as the
pathfinder or truth-finder comes up first to apply an effect which opens up the
new innovation or introduction of new initiatives and direction .A study under
sheer enthusiasm driven by moral inquisition can identify a problem during the
course of research but cannot introduce a solution not to talk of
devising a problem solving technique .This is not possible without the
absolute potency and superiority complex of CIM .Even with this
solution itself hypothetical requires an intensive moral auditing that
questions economic sense or its viability .This is left to strategic thinking
to determine fully engaged in another round of study .This broadens the somewhat
earlier sallow study that requires polishing questioning and critiquing and
challenging the quality of imaginary artistic solution provider .This also
including the quantity of solution responses and expected impacts but also come
out with a better alternatives and detailed plan –a long term reasonable plan
of action of how such economically viable solution can be introduced and also
adopted in transit from its spirituality of mental exercise including action
plans to solve the problems whittled down to a tangible evidence . So strategic
thinking encourages ,regulates and coordinates all components assets of a
mental exercise bridging between SDP till fulfillment ,bringing out their best
potentials , giving them direction and absolute competence over chaos climate
that DVC ordinarily intends to overcome .
As creative imagination explores the
fields of study throwing up one solution over the other and subject to
critiques of a pathfinder ,it is the role of the broad planner to further
and broaden the research activity and see how relevant they are in
the strictest sense of the study including coordination of the irrational
sensation into the next level. Over time ,CIM sometimes reduces in
momentum especially in a climate in which experienced policy makers and
strategic thinkers are found to quickly correct glaring imbalances in the
mutation or propositions .In a matured climate as SDP advances or in
a post-SDP period CIM tends to give way or declines in relevance as
creative competencies grow learning from applied principles and
empiricism and strategic thinking assumes stronger role. Hence the broad
planner , is the most important resource in the destiny fulfillment chains
DFC/DVC applying effect for every discovered purpose ….
GOOD SAYINGS FOR THE WALK OF DESTINY .
The long walk towards self discovery
is worth taking .Our welfare and epochmaking and intent-profiling
politics largely depends on it –the very identity of mankind under sun
.If we are wise at it we benefit forever and if we scoff at it we suffer
dearly the consequences that generations to come would invariably
live to tell the ugly story .It is more than what we see or notice during our
struggles of Self discovery .
Self discovery uncovers your person
but not possible without SDP .I n this context , SDP is a process of
fulfillment building and fulfillment capacity-building ,encouraging and
strengthening your discovery -a process of freedom vanguard ,image making
devising, strategic reputation building ,per capital brand building and
general capacity building of the individual competences as leeway to undertake
talent discovery or destiny discovery and unleash a viable project laden with
effective problem solving techniques .SD in general reveals who we are
,what we are and what we shall be or intended be or meant to be and where
we are headed or desired to be .It can be perfected through its process that
begins or opens up by SD leveraging itself under influx or coercion
of unpolished enthusiasm .We discover who we are when we desire to be
transformed and a transformation of what we are is a function of what we make
it and what we believe tied to VVL benchmark .
Self discovery –a lifetime perpetual
exercise breathes new life into human drive transforming the individual or
gives birth or rebirth to transformed individuals. First , self discovery uses
human will and psychological assets such as emotion to interpret and
breathe waves of new life into a formerly misinformed and
malformed but later an informed mind .This transformed element is a major
beneficiary of the process that can alter status position ,boost life
standard and human identity forever and a disrepute if otherwise impugned
.Those who live a satisfied life and everyone who is fulfilled is one way or
the other a mutual beneficiary of the early mutation period of SDP .By
mere incorporation in to the early mutation –where you uncover your
purpose] of the process ,a satisfied life not necessarily affluence
predisposed has been their lot .No regret no remorse for the past but it
must be a glorious memory .That is what you called a satisfied life
on the basis of the artist in question but when subject to critique by
third party assessments ,ratings could be mixed .
We are what we are today because of
the previous choices we made years ago and it may also determine the
status of our generation to come .It is no guarantee of future self that may
come with better and more rational choices .Our identity today is a
reflection of our past choices and signifies that the only panacea to
human change in the nearest future is how far he or she can
go altering those choices and decisions. We cannot be better than our past
unless we have changed the present for the future. The long walk towards
freedom is the long walk toward self discovery. It optimizes the search
of all homosapiens for a true identity .We cannot afford to play false
with the central determinant of human universal progress. At this
valley or mountain man is worse off or well off as the case maybe.
We are the reason for the existence
of our nation and the beautiful bride of a city set on the hill. We are
responsible for its integrity only if we discover the very meaning
of our existence in our true calling for nation building .The glory of a
nation we know lies in the history of a nation and the glory of history lies in
the richness and richest mines unfolded in the discovery of the
destiny of its people .We cannot see more than what we desire and we can
only take actions according to the choices we make .Until every man can fight a
good fight of faith in that great course in which they believe in ,until
one can battle the teething problems facing mankind as a whole ,there shall be
no solution to the general problem of mankind .We fight
according to the choices we make according to our belief and capability and we
banter according to what we know .It is the limit of human stardom –that no man
can rise above he knows .
To succeed in our voyage of self
discovery ,requires learning massive learning ,consistent research ,extensive
reading and listening to informed people and perpetually engrossed in intensive
study with the possible favour of a slight caress of mother-luck
.This could be tasky voyage depending on the climate of learning
including public criticism laden with strategic thinking ,intuitive
faculty and creative imagination at its best .With time ,the long walk towards
self discovery would be successful.Man in general as the artist in
question and determinant of the nature of universal justice society
desires could be a burden,a liability as well as an asset in this regard
.The road to self discovery is a long but short cut path towards our
universal destiny and a panacea to total human freedom .
The integrity of human person lies
in the freedom of human person which itself is interred in how successful
self discovery can be.The walk of destiny is a long walk of freedom .Self
discovery brokers freedom and only freedom alone can it give to an
enslaved mind .Man is battling with lifelong bondage and a prisoner of thought
in the ambivalence of arts .OUR GREAT WALK IS LIKE A WALK IN THE
PARK ,a promenade in the public square. It is a long walk full of nightmares in
the great busy and lonely streets that we grew up with .Our experience in a
typical stroll in the park or in the street of the alien or of our
acquaintance is the same as a long tiring walk of freedom .The great journey of
self discovery like human life is devised by mothernature to be traveled only
once by every artist in question .Unfortunately ,this most precious
journey is a journey that most men as sojourners in a strange-earth never btake
in a lifetime.
It is tied to our potential utility
as credible homosapiens and precious earthbound creatures oriented to advance
our purpose on earth.-a journey that most men under sun subconsciously cursed
themselves never to take .Everyone who detest egalitarian norms and charitable
gesture and impugn eleemosynary predilection in the great
search for universal justice falls into this category knowingly or unknowingly
making life worse than they met it.It is common all over the world .Imagine the
majority poor who falls into this category –a double tragedy including a
growing population of the rich and the elite-how pitiable are they ?
Given the growing rate of perpetual
inactivity ,modern society is worst off and numerous social unmet
challenges escalated like wild fire .Man does not know more than he can
chew and even what he know truly well can be denied a breathing space .Thus
ends up with protecting his status quo –enslaved mind and
most people died in that condition unable to break that modus operandi and
consanguinity .Does it profit for mankind to be imprisoned by his ignorance of
the very ministry or calling assigned to him?Of course we agree Man
looses and die in that ignorance and buried in the trash of history .When he
dies ,he dies with that great skills and potentials that may not be
bestowed or found in the next generation and even beyond .Although the next
generation may be lucky to discover this destiny yet may be unlucky to be
bestowed with same competences as the previous generation who fails uncover
that great destiny .
This is what I call ‘’The failure of
shared destiny’’ OR ‘’The cost implication of Destiny payback ‘’.So many people
are living someone else life without living their own life due to such
implication. When there is a clear cut out standings of destiny
payback or cumulative debt of unfinished work of a previous
generation ,it is left to the coming generation who might be lucky to uncover
their purpose and might also be lucky to pay this debt .This is called
‘’Destiny Pay Back Chain Cycle ‘’-DPBCC –that the debt of a failed generation
is paid by the previous generation but unfortunately failure persists when two
thirds obligation of every generation failed to be prosecuted and debt piled
up. Since every generation has a duty and saddled with main role of
generational transformative process-GTP ,the main challenge is how
to overcome this cost implication. Consequently ,the long tiring walk
towards freedom that most never lived to complete ,keep setting back
development process or GTP and piling upon outstanding .
The only panacea to amortize
the DPBCC out standings is destiny pay back and then destiny
payback insurance DP assurer – a condition in which successive
generation who discovers their purpose live long enough to pay this debt
of a previous squandered generation . That means their own might be
sacrificed or set aside for such fulfillment and consumed in the payback
process. Man ‘s destiny sometimes in this context can be make-believe and
most men may be living someone’s life .There is no cause for alarm in such
discretion ,that is problem solving .So it is justified to say that the
fate of everyman is tied in the fate of every man or neighbor .
A vast number of people from
generation to generation is caught in this huge mess of destiny
payback.The drag is tiring and sometimes it could even be roll over to decades
or thousands of years or from first to second or third generation or so to say
several times depending on the circumstances from one age to the other . Those
who discover may not even be lucky to complete the task at hand left to another
generation to discover again and fulfill . So three generations in this
instance is involved in the hypothetical payback cycle.Note that the pile
up is the problem –social debt or out standings left unpaid by cumulative
obligations of previous generations .
We can see that individual destiny
is a fluke or a fickle and collective destiny better accommodates a
lasting pedigree for the survival and progress of man .For it to attain
relevance must work hard towards the protection and promotion of the latter to
which in most cases , the self interest doctrines that supplants it to a
larger extent also tends to betray.As a collective thing its
artifice that rests largely on the DP process is also
justified by it .Perhaps, the 3rd generation that
is fortunate to uncover the destiny may be lucky also to finish or get the work
done .But if the 2nd generation in DPBCC were lucky to get the
work done –not just merely uncover it and the 3rd generation with
less burden chooses to halt its continuity ?In that circumstance I call it
Destiny Pay Back Downturns –DPD-a great contributor also to general destiny
guillotines Cycle –DGC.DGC-a cycle of destiny destroyer - is a leeway or
brother to the burial ground that word greatest motivational speakers have said
or described as the richest territory of the world and not the richest mines of
the middle east .
A vast number of world population
die on a daily basis haunted and hunted down with no remedy in most
cases in this cycle or directly by DGC .In this high destiny mortality
zone, people hardly uncover their destinies once you fail in the discovery
process and you are past 50 years your lost heritage and identity may not be
recovered as trapped forever in the DGC .If you do or lucky you may not
get the great work done having wasted more than half of a lifetime.That ‘s why
predestinists are quite lucky people to have discovered their mission quite
much earlier.Our destiny is tied together and no man is an island or a monopoly
of knowledge .Always remember every atom of knowledge a man has is given
for the transformative process-SDP] of mankind golden destiny .It is general
property of the process even though are squandered by majority who
thought those knowledge are for ego-stripping and pride hunting. It
doesn’t really matter whether some people particularly control it at a time
but the little you have you can share .The easiest thing for a man who is
lost in the discovery process to uncover his purpose is to develop
passion for something especially sharing of knowledge to transform
mankind .It’s pretty quite simple .Don’t you get it ?
If we do this ,we simplify
subconsciously the self discovery process and save our selves theft of
time associated with DGC-often a lifetime byzantine that many may not
solve. We are the salvation that we earnestly wait for and desire .We are
the change that we seek and the favour of change belongs to the
work at hand and the work that gets done .We are the very paradise and
heaven that we long to live .It is right there inside us and the main
problem is how to get them out .Our golden destiny and its mantle is our
collective wealth and a common resource as a universal apparel to clothe
ourselves as mankind in the walk of destiny as the great walk of freedom
.It is more than good walk in a park in which humanity as one indelible and
indivisible element of the family of man work together for a purpose in the
great ministry of self discovery and destiny fulfillment. That is one great
treasure in which we all subscribe to –an enduring value that can stand the
test of time .
This alone is the ministry .Let us
not be deceived and this ministry of salvation unknowingly popularly
known as civilization of mankind in which we all have been called to
serve.Mankind in general subscribe to this creed and every man woman
ordained as priests ,clergies ,prophet and prophetess ,monks and nuns in
this great service .No divisible element, no monopoly of knowledge ,no
inferiority complex and no yawning gap between the rich and the poor as to the
socializing ethics through which they are meant to be deployed. Indeed ,it is a
long tiring walk of freedom .Every man is suppose to know where he belong
,knowing fully well ,how to use his instincts to tell which direction he should
go at a time .This is possible without the help of a soothsayer ,a stargazer ,
a palmist ,and prophet or through inward divination or sheer diabolic
incantation of oracles. It communicates deep down to the depth
within us .This helps save the dying souls and touch us deeply including fellow
men around us and those with immediate need .
Infact ,for everyone who is lucky to
discover his or her purpose ,also requires egalitarian efforts of the third
parties ,to actualize those dreams OR SOMETIMES OR TO A LARGER EXTENT
exploitative by the artist in question or probably , revisiting the pains
and pang of the pre-diffusionist era or infusionists pattern
predating the predated.Where apprenticeship complaints of intimidation
and repression are ignored , might not save the adherents but
further cry out intensively offers a lasting relief .
.It is a common trend which we are all living witnesses
and this trend is what I call –Destiny Coalition aggression or Destiny
Exploitation Convergence –DCs/DECs Destiny Discovery Repression DDR . Almost
every artist in question is a culprit of some sorts and once
diffusionism starts to apply is bound to multiply aggression and
repression .This term cannot succeed without Destiny Consensus in which
contended arts and consensus partners have decided to help each other in
the form of partnership, associates and a host of other philanthropist gestures
.This happened after uncovering their purpose.Its merits include-;Inspire
each other ;accelerate the calling ;reduce pursuit-mission cost ;provide
logistics and create enabling climate for the destiny fulfillment.
These are the objectives of destiny
consensus in which like minds and people with same interest have decided to
influence each other positively taking a common stand ,having uncovered their
purpose ,working towards the achievement of their goals. It is beneficial
and open to all mankind as destiny participants especially in a
conference of thoughts though much more beneficial to the diffusionists
with a higher level of economic freedom and to a lesser extent the
infusionists with less economic freedom who still more or less undergo
apprenticeship, or as salaried workforce may be pent up or bent to struggle
till retirement to live on pension .Under a standard norm of destinology
, it is regarded as a wasted life when measured by time values and
competency impact depreciation .The infusionists are gutted in
spiritual serfdom and psychologically imprisoned on the acrimonious
edge of destiny coalition aggression of the capitalists and the
humiliating precipice of a career life.Not all humanity are freed we know it is
a gospel truth . A salaried workforce is a typical sample and the
worst form and the most humiliated element of the infusionists-repressed
league-IRL , much less of an artisaned –apprentice expected
to gain freedom in the immediate future .
Consequently with the alarming
growth of the infusionists repressed league –IRL ,most especially the
salaried workforce therefore indicates that a larger spectrum of
mankind potentially squandered in a lifetime is consumed by destiny
payback –DPBCC or high destiny mortality chain effect –HDMCE/HIDEMOCE .Almost
every man is involved in the omnibus program me of DEC and still a major
platform for skill acquisition , competence building ,career
moulding and a mysterious means of achieving one own callings
under sun .By the mere virtue of modern slavery ,every man is poised to achieve
living and probably attain his purpose . A destiny team so to say a destiny
actualization team –DAT is a word that modern capitalists now refer
to as incorporation ,a firm,or a company or at best in a broader perspective
can be called a capitalist consensus or an imperial consensus –a worst form of
destiny consensus .
DAT communities functioning under
imperial consensus worldwide are modern slaves –a repackaged form of old
slave trade and the most ideal medium to polish human competences and
uncover one’s purpose specifically for the most sensitive arts, visionary
,ambitious and objective minds .To assume imperial consensus simply
indicates that DAT works under pressure or willing duress to execute the vision
of the capitalist –owner of the firm whose goals and vision are worshiped as
gods and adopted as the very vision of the team ,struggling day and night
through the investment of their time ,its value and competences to
fulfill ; in exchange for stipends and short lived remuneration.
Every member of the team no matter their position is expected to devalue their
self esteem, downgrade their life essence and thus promotes the
integrity ,dignity and selfworth and reputation of their employers .They are
jailed subconsciously as prisoner of conscience to do so and as prisoner of
liberty blindfolded to the fact of seeing the truth of
diffussionism as it were destroying a solid foundation that they would
have laid for a lasting legacies while working for themselves .
Almost all the entire race of
mankind functions under convergence of destiny coalition and destiny coalition
enterprise respectively .We are created to compete to attain whatever we desire
.For those not yet uncover their purpose or talent , the enterprise is a vital
platform to work and slave-laboring to gain optimal skills and core
competencies with which to defend themselves . These are the major requirements
to begin with in the long tiring walk of freedom-that is entrepreneurship is
the key .This long walk strengthens capacity building such as knowledge
acquisition , technology transfer and competency developments .There must
be an avenue to achieve in this general struggle empowering educational
institutions , apprenticeship and artisan retraining and a host of other
platforms to promote this context .This boost the capacity of the self
discovery process –SDP.
SDP opens the channel for the
development of entrepreneurial skills of the great and potential
achievers using the platforms to develop those skills and competencies
needed as may be suitable for the pursuit of their calling and thus
achieve their destinies. Prior to apprenticeship or after or even
during honing of skills ,the process may be protracted and could mature
or accelerate using the impetus of necessity in any of SDP interval
periods before or after .Such technology transfer happens only in most
cases in a destiny coalition enterprise .
For those who properly understood
the place of every man in history ,it is a natural law ,the convergence is
required to last for a time and at maturity of certain competencies
,under-grooming ,fusion has to give in for a diffusion and breaking away of
destiny coalitionists leaving the original men of destiny to continue his
mission by reequipping new hands while letting go old and matured hands .So,
maturity of competences and poor condition of service or maltreatment of
workforce can cause breaking away from destiny coalitionists. Critical issues
such as contractual disagreement ;poor remuneration ;expiration of
apprenticeship period or its tenure of service ;falling out of destiny
coalitionists ‘ring with the disgruntled infusionists ;welfare threats of
service against the infusionists are some of the worst militating and
humiliating factors that accelerate break away of difusionists and
possible disintegration and contraction of coalitionists community
.
The contraction of the previous
generation and community of the deviationists or coalitionists ordinarily
leads to the formation of new league of coalitionists as previously repressed
infusionists revisit similar offence with which they have been humiliated by
the previous gang of coalitionists –capitalists on the society at large
.The expansion of the new DCCs is to be led by these new diffusionists
who broke apart citing the above humiliating factors who make bold the
declaration about the new direction of the history of their people ,nation and
society .They tend to advance the general destiny enterprise than the majority
non diffusionists –an insensitive and non-objective followership. Irrespective
of later deviationism and increasing cost of destiny payback ,diffussionism
offers a meaningful platform as destiny actualization vehicles for
great discovers of purpose and at maturity tends to pay back and reduce
guillotines ‘s effects and its stampede on mankind in general.
As DCC expands ,SDP recruits also
exponentially grows ,more people theoretically are suppose to discover their
purpose as they face challenges in that great institution of formative age and
formative justice –GIFFJ/GIFFOJ.Sensitive minds,rational wills and
objective arts profited largely from this platform which are basically
scarce resources in the developing countries .It is a matter of
necessity that as they perfect their skills and mature in competencies
using the humiliating factors ,ordinarily condition has to give way to
diffusionism.This allows new generation of capitalist-coalitionists
to emerge as they acclimatize to eat same excreta as the previous generation of
DCCs.
At appointed time ,a man may looses
satisfaction in the enterprise and ready to quit service .or due to some noted
factors above , expansion accelerates and old guard unwinds for the
new guards to continuously repeat same error in similar fashion .This is
destiny coalition cycle –DCC -a magical spells under which
the world entire labour-force is consumed and thrived .
The entire race of mankind is
remunerated under its reward system .The essence of
diffusionism is for the splitting away of disgruntled elements for the
production of new vision ,new destiny and rolling over of destiny in its terms
of originality mongering under its injection of fresh blood .This does
not exclude its ability to contract and expand destiny payback .Such rise and
fall is determined by the rise and fall of new population of
diffussionists as the battle for the soul of freedom gathers pace
worldwide. They are theoretically supposed to function under
a conducive climate but in real terms or in practice it is not supposed to be
so and the exploitation of hardy climate and inconvenient ecology is required
for the exercise .
In the DCC community ,for
those who uncover their purpose and are satisfied with the competencies
needed to fight in a hardy climate ,they are hardly known to
squander times and seasons to revenge diffusionsm and then start a
new lease of life .A society is as sterile as the level of its
general destiny management profiling puts in place as a principal resource for
the revitalization and reconfiguration of destiny enterprise .At low level of
diffussionism , institutional and universal progress is stalled and the need
for socio-economic change is frustrated and goon of destiny payback piles up
its indebtedness and grow beyond control even as an endless burden
and dire imprecation for future generation .This cannot be cured nor
prevented unless through rapid diffussionism boosting mobilization
of rapid technology transfer .More importantly ,there should be a
balance because at too high level of diffussionism , the entire enterprise of
DCC community stands the risk of collapse .Indeed,the destiny of
every man lies in the hands of every man and the rate of diffusionism
will tell how much of tomorrow is saved today for the beauty of same
posterity.
Diffussionists invariably believe it
is to their credit that the world trade has exponentially expanded
as they race towards safety of comfort zones and a without them is a world of
slavery .As they equally dispatch their arts across the globe ushering in world
freedom making the world a better place,new mantra of change bankrolls old vista
.But as they grow older ,a new level of serfdom is added to the burden as they
revisit similar offences with which they were formerly humiliated on a
new generation of infusionists and world continues in that vicious cycle
that has come to stay .There is a high level of unit destiny enterprise
or individually pursued destiny –a strong belief entertained by the
diffussionists prior to becoming imperialists like old guard and imperial grand
old master developing war of nerves as new generation of DCC community
revisiting similar offences on new generation of infusionists .
In a conference of destiny consensus
parties comprising of pressure groups, political parties , Civil Society
groups,NGOs ,Charitable foundation ,Trade Unions and a host of other companies
, associations,forums and alliances set up to promote collective interests ,the
interests of the slave industrial surplus army under bondage of DCC community
is supposed to be protected .This is not always easy as it seems given
the fact that the protection of this right of freedom in the long walk of
destiny is heavily under siege .Even with all the efforts of the
organizations to defend the interests of the infussionists has often been found
wanton. Diffussionists are wont to believe with a unit
destiny enterprise ,dreams and destiny can easily be fulfilled or sky is not
the limit .
Indeed it maybe funny ,in our race
to beat time ,but it cannot be disputed that
life is arduous task that requires collective effort for its success
.This in real terms desecrates the notion of racial and tribal superiorty,ideological implant of divisive pluralism and should
harmonies cultural differences and lag in line with universal development.
CHAPTER--12 FUNNY THINGS ABOUT LIFE AND THE RACE TO BEAT
TIME
If you don’t live your life to the
fullness ,you live to regret it later .It is also even a regret to start late
or too late or too soon ,how much worse never at all or those who never
get to start all even for lifetime .For you to even start you must first
of all discover yourself get mentorship and labour until your time comes
.If you don’t use your time well life itself is boring to live and
these are some of the reasons for those who regret it so much to the
point of committing suicide or give it up too easily . Every beautiful morning
you wake to do one important thing or the other only to find out you are stuck
in time trap-a condition in which you ended up with frivolities defeating the
objectives for the day .
You are often caught by this trap
and never get to do what you desire or ought to do for the day .These are
diehard choices among competing menial choices.The barrier here is
aimlessness. Aimlessness or tactlessness is a great burden to time
poorest managers who obtain values and virtues at sinecure .It is a great
liability to the development of human arts ,human customs and tradition –an
excess baggage that dampens requisite capability at effective time management
.Knowing fully well ,time is the most precious resource and the wisest
investment of nature deployed so much easily in the development of arts
and culture and then science and technology or to a larger extent , per
capital customs and tradition that collectively aggrandizes its
macrocosmic value for development of mankind in general.
Though this tardier deficit nature
of poor time management is also warranted by nature taking into consideration
envisaged cumulative loss value to herald the annals of
antecedence. Or when juxtaposed by history or extrapolated by time forecast
or human rationalism tends to huddle the most rational minds out of the
population of the most insensible psyches stimulated hortatorily to excel
as they might desire .As hotbed of miasma ,the hotblooded or most passionate
minds are known to avoid this trap .Nevertheless , human vision or
ambition uses time effectively to invest in human arts and culture
and exploits similar mechanism to mature its investment .Beginning with
its strongest template –vision –a long run effect of matured dream is formulated
by an objective mind .This saves the theft of time when properly managed in the
ministry of missions ,taking you beyond the dreamland zone .
Invariably ,you are caught in this
trap by aimlessness ,procrastination, indecision and a host of other distractions
in this lifelong battle and to be overwhelmed by them could be a
great burden to astute time management skills of
artist-in-question.For you to be overcomed by this distractions
–indicates fiddlesticks fibre and a certain level of tactlessness.
Aimless people subconsciously squanders quality time even at prime time
including its effective use perpetrating the worst form of reckless art ever
seen. Not always meeting your target or target-points for the day is a great
abuse ,a misfiring and a havoc of nature’s precious resource.
Those targets are liabilities that
must be converted to a competitive enterprise popularly known as
responsibilities .This according to natural law of time ,must be
invested in action,executed and undertaken on a daily basis to be
able achieve or fulfill your vision or expected ends.These targets as
actionable securities to be invested in a cultural stake exchange must be
monetized by responsibility –a sole template of human and cultural activity.Unfortunately
,tactlessness impinges or hinders the prism and quality of human capability
destroys potential,openly abuse talents and decimates destiny –whether
discovered or not and threatening your vital interest upon which
those targets are fixed or stand .But for those ingrained in the qualitative
use of time could tell or bear witness or share empirical evidence on the
ultimate value of human objectivity and the strategic impact of effective use
of time at a particular period .
Once your purpose is discovered or
destiny uncovered ,decide on a set of actionable securities to be
invested upon,but first set your vision and standard mission statements
including their corresponding goals and strategies of how to get there
dissecting similarly well the right option of monetisable
responsibilities.If you use your time well and monetizes rational and
empirical responsibilities as at when due ,you ‘ll understand the
proportional value of the popular adage-‘’TIME IS MONEY ‘’.
You know there are couple of
responsilities and activities that must be undertaken either on a
daily,weekly ,semi-weekly,or monthly basis or as the case may be to
get to your destination.These are your targets and target-points to
monetize your time benchmarked vision.Even if you misfire at those
targets ,keep the consistent firing of the cannonballs .Sometimes ,they are
unfruitful targets at both cause and effect ends ,sometimes, it pays or
fruitful.But keep firing with the right action and right responsibilities ,they
sure add up finally to eventful bliss.We know the most important is to be
consistent keep your right responsibility as visioneer to be committed
,selfreliant and fully dedicated to a chosen course .This speaks volume of the
immense significance of what we believe-faith is the key fueling VVL-the
missing libido .A career is formed on the basis of rightful responsibilities
and meaningful obligations and when are fully performed a reward system is
morally exploited and benefited which is not available for members of the
publics outside this box of careerist population.
Effective time management by hilly
beans is central to the quantum leaps of mankind in modern times as
nature’s investible securities appreciate and depreciate its outputs with age
.To some it appreciates as they age holder and vice versa .Given its
depreciating demerit it is certainly profitable for wise time investor to
engage in early investment .Though depending on the nature of task at hand ,the
wisest investor nevertheless reaps earlier and rest so much later or mature as
time ages .I think philosophers,scientists,technologists and researchers in
general better appreciate with time and such time management skills require
emulation aspiring whole caboodle .
Events or universal life events are
not often what they seem and so they need to be handled with great care and the
best form to handle such obligation is through wise use of time .Time we
know waits for no one and it sometimes deliberately uses distractions to
ignite irrationality of the insensitive people to
underrate,undervalue and undermine its potential ,lampoon its frugality and
thus revisit them with the costly implications of its fury and retribution.Over
the long haul it regains its integrity from such ridicule of
sarcasm as time appreciates and depreciates as history ages .
Time pays those who respects its
integrity from which we tap to make meaningful investment which is
possible only when destinies have been uncovered .This shows that the huge gap
between great achievers and great loosers or the strategic thin line between
failure and success is basically effective time management or objective
use of time .Visionary productive activity with tested reward system still
remains the wisest form of time investment that could appreciates with time if sustainably
hatched .
Time is the greatest enemy of
mankind .Squandered by insensitivities or not it is indeed our greatest
adversary and owns the key to the birth and someday the death of man and within
this stretch we are computerized to live only for a time .It detests man’s
eternal souls on earth and possible eternity of mankind .It was designed
by mothernature to appreciate man a little and get rid of him forever His best
form of arts is meant to appreciate and depreciates within this stretch .Even man’s
greatest achievement at a time is envied using the standard to raise a
better generation to come later and beat the erstwhile record set
by previous generation .This should not surprise us why the progress of a
later generation seems to exceed the previous epochs.This cuts across every
field of human endeavours especially sciences and wealth formation and that is
each generation advances better than previous generation.
Procrastination or insensibility
is a lag effect of indecision itself a lag effect of a cowardice
which is also a function of incompetency and they lead to aimlessness .The long
chain of distractions orchestrates man’s enmities with time and a great
destroyer of destiny .By guiding against these distractions we can battle
our enmities with time to a standstill and explore optimal use our time
tradable skills .With the parlous organization of modern society ,the existing
method and future consumption pattern of time is increasingly under
siege nevertheless has become a pleasure and a standard trademark of civilized
life .
A great majority of mankind caught
in this web die without hope and gutted by these factors .The
insensitivity of the human persons concerned and unkempt organizational
culture of modern society point finger to this degrading trend
.Depending on the individual resolve one can make a difference .Listen to
your inward witness or inner mind and external witness .Our determination
to change our society as the beter lies in our collective resolve taken individually
can add up as human destiny ties its apron with the ideals of our
collective purpose consciously or subconsciously.
Time is not our friend and it
opposes everything we do even when they are meaningful ,it might even eny
you the more You ask yourself why the adage-Whom the God loves die young’
or where is that the good people sometimes die so quickly and the bad and
ugly even live much longer?How much worse to a gutter mind !It has two missions
always two missions at a time –to make mankind succeed and to fail,to reap and
harvest ,to rise and fall , to progress and regress to born and die etc .So at
a time it is oriented both good and evil and always prefer evil to happen
especially when it profits extensively on the inaction of men and hardly prays
for any on e to succeed.Because if she does ,and never harvest evil fruit and
evil in clear terms ,it might be barren investment and no rich resource for the
posterity or future generation to learn from.
So,don’t think time favours you ,if
you do well he only rewards you.Have you try to remember or recall sometimes
what you gain is not commrensurate to what you sow?It is so because time envies
you and some maybe lucky to reap more than thery sow or never sow .You
know what it is the mothernature-a higher power that intervenes to
favour you but left time you reap as you sow even sometimes less. In this
context it is a dual messenger at every fucking time-crusading power and
weakness ,hope and gloom,death and life –that is a time a child is born a man
dies .It is funny and ironical and a paradox I must say with due respect to
this conundrum intrigues and wiles of the devil as Christians call it .It is
sent to make us achieve and to make us that is when one rises another falls
.The prosperity of nature lies in this diversely overt diversity –the
very rich resource of human civilization .That is it is possible for every rich
invention in life to keep growing and improves its standard to make it much
better than previous civilization and attempt so that today’s patents and works
of art turns stale with appearance of better patents and highly improved
technology .Unknown to many ,the richness of success lies in the failure
of failure and the richness of virtues and goodness lie in the high
density or thickness of existing vices and cumulative evil .So a little of evil
and good maketh life much more richer than too much good that may not
excite time .
Such
outlandish-regressive-progressive theory of time as opposed
progressive –regressive theory in its ablutionist is presently being applied by
those who control world civilization .Infact with the antecendence of
postcolonialism that still abounds it is not yet over decoupled or the
world economy is not yet over from the outlandish superiority of progressive-regressive
theory and practice of time management currently being applied by
Caucasian stock of human civilization . Special edition is separate for this
circumspection but the future explosion is looming beyond the confines of
mortal ignoble prevision.To cut roughly 80 percent of world population
from full blast participation in world economy is a pointer to the fact
that those who are the best time keep and best time mnagers are also the worst
time managers and worst time keepers.Why keep underdevelopment some
territories to your advantage and keep full exploitation milking them dry for
racial pride ?Knowing fully well that poverty is a contagious thing in the same
like prosperity and diseases that cannot be transported from carrier to the new
carrier .
These are empirical ev idences that
foolproof that mankind is a great value destroyer of nature ‘s most precious
resource and a dime earned only within the illimitable potential of this
irreplaceable astro-combustible engine of change .It takes only the dead from
the graveyard excavated or not to tell us of the immense value of this resource
as can be computed form effect to cause-backward looking with the best data
ever rather than ambivalent insight meandered from cause to effect-a
forward looking approach normally adopted by the living who could not see the
past that better sees the future even when they read from vaguely documented
books of history .No one sees past the eagle in flight and provided it is
gifted with robust greymatter shares better insight with time than the whole of
mankind put together.Even when the plane alights into the sky what do we
see or mere firmament ?
The space that harbors time being
the cultural field is in clear terms harbored by mothernature or its web of
eternity .And from this saddle of index –time,change is ordained into
pragmatism to oscillate nature that ordinarily streams out of its abstraction
field –the true omnipotent cradle of omniontology or everything .No one
can satisfy time , only mothernature can and it is not true if God
exist he could neither not being his creation met on the plain ,how much
worse for man-a fickle of nature’s art work!
It would interest you know that the
discovery of time first computed by coevolution within the space of abstraction
field shot time technology to limelight equally discovered change as
motion perambulated to similarly to shoot cultural field into reckoning
burgeoning ontology and the successive generation of simple life forms –a mere
extention of cultural life forms.Over time as immutable as the medes and Persia
by its patchwork had become the calendar of change ,mothernature and ontology
respectively
Being responsible and responsive to
change provides ample platform and avenue for the computation of movables
,change and material universe-motionalisation .These are the building
blocks of preform,form and post form –life extinction if need be ,an empirical
evidence of life as a mystery and yet we know it not .
The nebula of time when we are
hung in a gauchy cloud can be the most profound influence of artistic progress
of man .Of course it is due to chronophobia in a synoptic perusal tends
to stimulates capacity to act ,perform and deliver .
Obvoiusly time must not be ridiculed
and the prevalence of human,economic ,political and social crisis,vices,poverty
and deprivation everywhere can be linked to poor knowledge of effective time
management and a great abuse of time to which penal we pay and our life is held
in danger of its repercussion. This we pay on a daily basis yet we know it
not.Humanity to a larger extent is aimless despite the gigantic leaps in modern
civilization and we pay dearly for unrepentant time abuse that never forgets
let alone forgives and basking in the euphoria of new found modern wealth
torpedoed by occasional crisis as forewarning still yet we know it not .Unlike
Maya Angelou I do truly know why the caged birds could not sing.
As we ridicule time ,in like manner
the sarcastic ego of time is under mandate to ridicule in return to condescend
so low to ridicule an innocent child as well as the aged even for the sins of
past generations that they know nothing about .Conspicuously it sounds so
depressing and a funny or ironical thing to try to beat time .We might disagree
we hardly do err in this light but by action-buffoonery running helter
skelter to and fro from home to work-a plague that capitalists class had
inflicted on the large army of salaried slaves and slavish workforce of
modern age alienated from their destiny prior to being diffussionists
portends the imbecility at full blast.
Effective use of time that suggests
smart workforce leveraging is far more important than the notion’Time is money
‘ to equate the fact that it is only important in the long run having
paid its dues .
Unless you manage time
effectively well you are not immune from the discomforts,
inconveniences and all manner of insecurities linked to civilized life .This is
vital to stop all forms of mental hallucination , and that verity
greedily stands as far as the ministry of mission is concerned everything
is not money .First things first according to Peter F.Drucker and I think the
first thing is service ,I mean quality service and that is the only process and
route to communicate value .This value can be monetized in the long run after a
certain level of goodwill must have been created .In the long run goodwill as
surplus value of a brand and brand affinity depending on its quantity-size and
quality can determine the level of value optimization including
the price and cost of service .
A critical outlook at the
teleological disposition guiding the pragmatic course of history shows that the
activity of history as epistemological hunting ground as primary mandate cannot
be impugned .Such texture of information mass production -facts and statistical
harvesting determines the course of the day from the rising of the sun to
the going down of the sun.This pretty logic of mothernature simply follows the
rule that the greatest share we ever bought and the greatest stock we ever sold
monetized through growth of time and multiplication of productive activity to
curry gains in the right proportion as we desire .When we buy a given stock of
time we do know when it is perhaps a good buy for we gain not
initially and when we sell do we loose ?Of course positive outcome tells us
that we gain on the average .That is the greatest question and answer of all
time .How tenable do they last over the long haul?
No man can rise above the level of
his time investment and we are as precious as the time we invest in .Wes hould
know that time befriends only eternity and is no friend of man –a fickle who
could last only 50,60,70,80,90 or at best 100 years old .Is’nt that ridiculous
?Of course It is a gospel and what friendship does a mortal man have in
partnership with an eternal man ?It is simply absurd .This is what I called
‘cultural mismatch’’.If you don’t have multiple strategies to survive
,you might be doomed to fail.
This enmity or distractions reduce
population of would be-wise time investor-those generation of men
taking new decision-making mortal expedition a mere chronic vanity
. Consequently ,life is wasted as man returns to the grave –his eternal home
.Avoiding this distraction can maximize the value of human existence and
boosting our chances of golden place in history .Through time technology
man is computerized to live this stretch for a while and kicks up the daisy at
appointed time .Let’s look at nature ‘s tangled web for a simple analogy a
little closely .The investment of mothernature through the discovery of time is
a catalyst for the emergence of form from formlessness to protrude material
universe and nature in general as we see it today of which Man is an integral
part .In the same way as existentialism,the growth of cultural activity is
responsible for its protrusion over the course of time .
To make a meaningful impact in
a short lived lifetime ,one is expected to wisely invest in time in order to
maximize human value offering quality services in a self exploited visionary
environment .By equipping ourselves with a model behavior ,we must decide
,devise strategy and equip ourself with the right time consumption
pattern of life .cashing in your ventures for a heavier rewards and a blissful
well lived lifetime.With increasing volatility in modern times ,it may take
extra –determination and hyper-consistent volition to get things done
.AS an indispensable resource for human survival ,an eternal anchor of
nature’s intricate web and a vastly computerized elements of mothernature
within its realm sovereign and supreme ;dispenses the quality of human
and natural existence both in the short and the long run.We are constrained by
the factors that operate within and beyond us ;through which we are propelled
to succumb to the forces of nature under control of time to which all destinies
are tied .
It can be difficult to handle change
in the same way economists and monetarists do believe inflation cannot be
effectively controlled or prices but much more importantly money can be easily
brought under control of monetary authorities .In case of change very difficult
to handle but by wise management of time the ignoble evils and repercaution of
virulent change can be easily managed or brought under control to ensure public
justice and universal welfare .Time as more or less an effective trade with
change can also be regarded indeed as the best form of natural commerce
known to mankind .It uses human arts ,intuitive learning and dimensional
evaluation of instinction that comes before learning ,juxtapositorily and
extrapolating to determine operative ecology and complex method of investment
and how to best human selfinterest paramount in this commerce.
Time is the universal journey of
nature its absolute direction whose material presence is proven by
evidence of change diurnal ontological transfiguration and the
strategic ends of all progressions. Its evolution aligned to mortal holy
curiousity ,enables effective use of time, saves human arts from all volatile
costs of distractions .This includes tactlessness, aimlessness and a host of
other ignoble items of the thieves of time ;so that time value rational
preferences =TVAP,are deemed quite rational enough to contribute to meet
envisaged visionary targets of individuals and collective destinies .
Like every exist , what we know also
is time driven including our tested skills ,require immediate use either for
extant service or forecast service whose seeds must be sown in hope of future
rewards .With the passage of time these skillset could be moribund
as novel expertise emerges making it to lack competitive buffers ,requiring
reengineering ,retooling , retraining or upgrading or could be
jettisoned or irrelevant . The same with technology from time to
time upon which these skills and expertise revolve .The fall in the
standard of living of people can be linked to time-allied depreciation returns
and its cumulative damages associated with changing technologies and
changing competencies .It is expedient to avoid untested skills or expertise
out of use given the fact that properly invested competency wisely deployed in
time to service can generate returns so much enough for the
artist-in-question who can further utilize the resources generated in
time to upgrade the skills for new development.
It is a natural law that Knowledge
changes as time changes transforming the quality and quantity of technology and
allied expertise that equally requires human change and value change
respectively .Subject to technological change ,unless a certain level of
environmental change has taken place ,to support value change
,human change or value change is downright impossible or may not be fully
attained in the long run .Since it is the environment that supports the
individuals ,any change in technology is first communicated to transform
or change human capacity or the value change ,then environmental change is
exploited to transfer impact to the larger publics .
The hepthacentric time tested
voyage of technical change-TTVTC is a catalyst for success of political
,economic and social change in modern society .TTVTC truly speaking is the true
of societal change –a possible template for societal revolution or radical
transformation .To fund education ,time tested research and development can
accelerate TTVTC to ignite possibility of material change –social,political and
economic change.
In our race to beat time , we must
be rational enough to apprehend ,activate and exploit the strategic impact
potential and prolific influence of TTVTC or MTC –mass technical
change as may be prevalent in a given socioeconomic system .We examine
MTC a little more below .
THE TIME TESTED VOYAGE OF TECHNICAL CHANGE –TTVTC/MTC
Arguably ,the progress of technical
change signifies the success of material change MTC .This calls for
tactical research and development into strategic value chain .These
facilitate the possibility of these seven forms of change as enshrined in
the constitution , guidelines and exposition of destiny management
.This including highlights with clarity as buttressed with question such
as what we mean by behavioral ,value change ,competence change ,human change
and environment change and especially espouses its climate
change to some extent.This excludes time tested and time management principles
.
It is agreed to put it precisely in
a sequential order of sequence or in a rational compendium
perspectives that without technical change , material change is not
possible .Without knowledge change ,there can be no minimum human change ,and
without human change ,there can be no value change .Value change is followed by
technical change and without technical change there can be no material change
itself in turn followed by competency change and without it also full
blown environmental change is not possible .Excluding competency and
environmental change which are meant to sharpen ,stimulate and transfer impact
multiplier ,the seven forms - catalyst MTC are responsible for the
changing nature of societal fabric .
However , these are basic primary
change parameters in any society upon which material change is exploited by
nature and ignorant public .The society disintegrates or perishes should these
basic principles be abhorred and detested .As the central dose of time change
and basic principles of change management applied for
basic time management for mobilisation of arts ,the treasury of
time or its factory of change management is more or less the factory of
mass information production and publishing house of the great book of history
in turn the great book of culture or nature in which all mankind is fed
or nourished .A s the logic for time management ,it also applies to
destiny management –a general case study in this edition.
In the application of this basic
principles of change and the organization of natural change ,it is
expedient to realize time value added rational choices are closely tied
to it .This allows us to be able to benchmark the quality of our decision and
its transformative effect on –AI-P artist in question .By using those
parameters and basic components ,it is quite easy to adjudge too easily our
level of change and change management over a progressive order of time.These
choices are time value added rational choices –TVARC and not such measured by
regressive order of time –ROT-not POT.ROT- BASED CHOICES ARE TIME DEPRECIATING
VALUE ADDED CHOICES –TIDVAC.By applying the components so easily ,audit the
growth process as it graduates through or permeate each of the components until
the final stage –environmental change .
With this fairly ascertainable
change management benchmark,a ROT based human, political,economic and
social status can be easily determined fairly too quickly.This leads to a
review of the growth process audit .Therefore ,in a transition of a
growth process audit ,perambulation or static growth at one point
of the component or regressing or backward after a given general progress
in the transition of the audit process –TGAP; could easily be identified and certified
as ROT and POT respectively as easily predictable forward leaning exercise.It
is known as positive TGAP and its nature of impact on social,political
and economic change ascertained too easily .
Prior to exposition of the nature of
components in their sequence and application , the growth ,impact management
and general audit process –TGAP that comes with it tends to demystify the rich
tradition.It is interesting to not that ROT promotes destructive change in
contrast to POT of ample space for growth and development ,positive change or
constructive change –being the nature of change under vanguard at a time .This
could lead to a revolution if ROT tarry to exit-an erudition that could promote
peaceful revolution in a rapid evolutionary making epoch. This saves human life
,restores integrity of time ,quality of vision, and standard of living .This is
ideal in capitalist or socialist enclave that is lovely enough to
accommodate this change otherwise anything short is nothing but chaos and vile.
We shall look a little bit deeper
about the types and features of change ,its anatomical trends ,define change
and later explore change management theories as it relates to MTC and strategic
impact on the redemption of history .Let’s look further at the facts and theory
TAVARC DRIVEN CHANGE POLICY
Change is the alteration of a
structure or system in to a malformed or better system.The transformation of
units within culture from cause to effect and vice versa.It could be
transported from ROT to POT for both positive and negative change to occur or
in a balanced atmosphere or partisan basis .It is a variation from cause to
effect and effect to cause .The two types of change-revolution and evolution
could go both ways romping motion between the ROT Poles and POT Poles .Change
is a motion between these poles and also with the circular movements
driven by its directive index-time between triple fields of knowledge .
WE already noted the types and forms
of change that also act as components and parameters to measure a given
velocity of change ,between the cultural poles in both regression and
progression order .It is the gradual growth increase and decrease of time and
motion over a given period of time .With the MTC items and basic components we
can measure transformation of one state to other or pole to pole .
It is generally agreed that the need
for change in most cases in modern society as it were over the ancient is POT
driven though depending on the nature of the time consumers at time
.Science has grown exponentially in modern times to the extent it is possible
to set back the development time of life aof a racial stock provided they
are backward thing on ROT basis .For instance Caucasian did this during the
slave trade and still postcolonialism and globalization struggle and impact on
developing region is still ROT driven.So ,to manage change and time effectively
every race must its science for its welfare lest they be ridiculed by
aggression.To grow along this line every race can watch its progress and even
regress.All components of change must be equally traded within the cultural
fields’ sphere of the two types of change in a given change trade cycle for a
given change interval or change to be completed intotal transformation has taken
place.Then change is fairly predictable with this benchmark and with this
predictability on a better standard effective time management is possible and
time abuse including its distraction better avoided .
We need not mortgage our human,and cultural values once we gain
perusal of the value of responsibility.This can be unfolded when we could the
identify the need for the amortization
of social debt.
As they say ''responsibility makes a man '' is an age long adage but the word is more than that as we explore its strategic influence on the nature of existence .Understanding its optimum use enhances practice of development in mordern society .
As long as we know that we are in the ministry of purpose we are similarly well aware of our true sense of identity as a bonafide client of the ministry of responsibility or unpolished ministry of mission .Our true purpose in life which measures our critical essence as earthlings is denominated by the utmost value of responsibility which we undertake or not in life .There is this strange old adage that responsibility makes a man and so life in general computed as a totality of nature .
However life as we know it, is full of responsibility that its value lies in the ministry of purpose or in the very purposeful incentive with which it is executed .Life without responsibility is equiproportional to nature that detests no vacuum and not motivated by any challenge.The point at which human needs and liability meets ,a target is achieved and a responsibility born or reborn .This same causal point creates impulse and that impulse is necessity with which it is executed .
Ordinarily, when human need changes ,this routine as allied responsibility also changes even though certain routines are immutable .Little wonder as they say necessity is the mother of invention .The mode of short term responsibility popularly known as routine that virtually everyone undertakes when speculated on a long term ,with it, it is possible to differentiate human brand including its purposeful affinity .As purpose changes routine and routine changes responsibility and responsibility changes human brand ,the nature of event including ecology of condition –a spill over of transformative impetus in human thoughts , human brand in the long run is equipped with the capacity with model behavior to overwhelm entanglements enroute achievement or fulfillment .But it does not know whether its effect is applied by impact evaluation and immediate impact multiplier .Hence we know the quality of the routine is determined in the long run by its impact multiplier as indicated by the quality of its purpose .
An out stretched vision as meteored by dreams provides the steam and requisite buffer and rudder for the mintage of purposeful mission inclusive of its meaningful or compatible responsibility or its routinized operations.If after impact is evaluated are there lasting multiplier ?Most routines like bowel movement ,it doesn’t add up.Once shortlived effect is defecated if any ,impact wanes ,exit and very purposeful incentives embedded in the routine or routine tasky therapy driven by ambition , are disjointed and detached from realities or a task at hand .Therefore ,a visionary missionary of purpose better quantifies productive routines and is capable of stimulating and accelerating universal justice and common progress of mankind .Though such ministry not devoid of ambitious wile s and caprices of the A-I-P ,nevertheless ,drawbacks can be easily eliminated not mud-drag the true essence of routine being periodically wisely invested by nature to pay off elements of social debt out standings.
Destinologically ,it is on good authority that the value of responsibility in a responsibility enterprise economy is tied to the amortization of social debt that humanity is purposefully under obligation to pay. And as the routine appreciates in line debt valuation movement appreciation ,the value of allied responsibility also appreciates .In the absence of such visionary industry and visionary ministry,as value declines,on existing outstanding , social debt further accumulates .This complexities derail ,deleverage and decelerate the progress of mankind .As dual or more routines and responsibilities in this fringe enterprise competes, they tend to accumulate networth and appreciate in value to fight for societal relevance and inculcate ability to pay off this debt if indeed they can .
Social debt such as racial discrimination and racial profiling, tribalism , capital greed ,imperialism ,mass poverty ,unemployment ,inequality of wealth ,crisis and wars .Above all legal instability as stimulant of of competitive injustice hitherto touted as competitive justice by warped ethos has come to proliferate inspite of gigantic leap in modern civilization.This precarious trends occur as a result of ambitious depravity of the arts,anti-constructive routines has made life far more unequal than even in the ancient.
Human responsibility has value but do they have direction? It means in the long run even the value declines in absence of such directives guiding routinized operation and the targets and responsibilities packaged with it .Does it amount to a breach of universal purpose as driven by egalitarian propensity of humanity to exist in harmony ?Unless self moral persuasion , it could be arduous providing to such difficult phenomenon in this volatile age ,driven by racial and tribal greed and the increasing population of unrivaled social debtors as it were from the ancient doomed to die .
Ordinarily , from generation to generation and from age to age, the proportion of this social debt ought to decline in a natural proclivity as civilization advances which is possible with the cumulative rise of objective followership vis-Ã -vis the proportional rise in the quantity of world population .But unfortunately as mass knowledge proliferates or exponentially increases ,the proportion or population of objective followership ideologists and strategic thinkers ruderlessly declines.In this vastly growing unproductive routines of modern age that can be regarded as the most intimidating anathema of all ages ,value of responsibility declines . With the incommensurate pattern of this structural disparity and growing imbalance, social debt exponentially increases and world civilization perks ignorantly on a time bomb and bottle or kettle of gunpowder primed to burst - unpremeditated .This is beyond the comprehension of modern avant-garde and the integrity of modern civilization equally declines; not because the debt liabilities sprouted but rather unproductive routines escalate and objective followership around the world declines.
Do we brainstorm for a change ?How much more shall we be saved without a rudder or buffer in an age driven by racial and tribal politics ,capitalist greed and especially hate crime that is poised unknown to its architects to dovetail into yet another perilous war never seen before in mortal history.We are at our wits ‘s end knowing not where we are headed and fully well aware of our incapabilities ,nebula and how to venture in the bobby trap and muddy waters of life and acrimonious politics bankrolling human society and blanketing its ambience and cadence over the last 500 years of modern age .
With a bevy of complexities ,it seems that we are stuck in this protrusive vicious cycle as it were over the Noachian that never fails to relent, recycle and flags its size and zeal of hate crime worldwide .Indeed ,woe betide mankind indulging in era of bestiality and hounded with unparalleled betternoire predilection as strictly bespoken by its buccaneers to wipe out so called inferior races of the world .Bugbearing from this most complex puzzles of modern age ,seemingly ,there is no way forward for the larger swathe of mankind hibernating the surfaces of the earth .It is becoming increasingly difficult in to find a commodious platform within the larger spectrum of the survival of the fittest contest defeating the ultimate purpose of their earthly existence .Man is created equal but inequal civilization everywhere has corrupted man making mankind far more inequal than even in the age of Neanderthal .
Coldblodded human savages ,cognoscentis of remorseless Machiavelli and diabolism ,cognate cohorts of the geneology of social Darwinists and Marxist-socialists ,the racist enclave of the Jim Crow era and kluklux clan enclaves and Bismarkian nationalists and the entire stock of Caucasians increasingly in their successive generations inspite of monumental contribution have increasingly been a threat to the peace and general tranquility of the world .With the tireless spurt of racial aggression and the urge to wipe so called ignoble race dragging the dignity of mankind onto mud ,the entire species of homosapiens perpetually under siege until the intervention of Karma.This precarious trends however still remains the greatest challenge of mankind in the rise and fall of great history and great culture .
Unless a higher civilization dawns on us ,it maybe very difficult to bring under control this strategic power base of world civilization and surmount its excesses .In this benumb our hands are tied as mankind in general under sun and confounded by these impossibilities but with the possibility of a greater war than any ever seen to once again determine of superior of races.As we navigate our intent into centuries to come ,the bland appearance of this fickle posterity can not be disputed severely bleak or far more uncertain than ever before in the history of mankind .AS coldhearted men declines ,the comedians of evil ,haunted by capitalist hauteaur have mortgaged the destinies .So we cannot underestimate or demystify the possibility of comeuppance and its combustibility pawns of the unseen ages .Surely ,nature always retreats with karma and its laws invariably say so and not disputed also by the combatants of history.
We are confined within the complexities of conundrum ,the congenital congestion of its moral imperatives or the constipation of its dwindling and debased value system with unbundled laceration of compassionate and empathetic universe. Everywhere we go ,compassion is dead and empathy is long interred where freedom had long age become a fugitive .
It is becoming increasingly evident that we are confronted and confounded with the fact that the ministry of purpose is long confiscated and annexed by savages ,the brutes and the confraternity of purpose upon which human civilization evolved its struggles so much to get attention to attain the pedestal or at best no longer exist.Does imperialism or post colonialism amount to rational human purpose?Brutality on the rampage ignited by brutes of hell and the death of compassion is accompanied by similar demise of apathy - its conjugal and identical twin brother .Thus the fate of modern society hangs in the balance .Within the constituency of what we think and the jurisdiction of human instinct ,we are mauled by this malediction and its repercaution and sustainability of modern society at large ; let alone unravel the ignoble sources and the determinant of racial struggle ever wriggling out its unfolding event and nebulous hodgepodge.This shall soon and I make bold to say again results in brutal war that no man worth its rationality ever plead to happen ,pleading rather to contain its struggle .
However ,it may be a consolation that nature offers to aid the gigantic leaps of the last half of millennium unprecedented growth .It is rational to assume with the same ideology or belief that the social Darwinists had risen to power,to alter as they will human destiny to their own taste ,with the same course of ideology ,they shall soon be swept away unmoored into backburner of history .With history constantly reestablishing its superiority and moral intuitive authority ,recycling the most disturbed epochs of the rise and fall of human civilization,soul purity ought to mature ,thus consummating the labyrinth of the ages.After the herald and consummation of the envisaged perdition ,shall we start a new ?Of course ,we will and every man now-his brother’s keeper .
It is not exactly possible that larger swathe of mankind would learn from this anathema and aftermath and human instinct and certainly mores has not changed a bit as it were over the period under review especially considering the psychological effect of the brutalities of 1st and 2nd world wars .From times ,immemorial until the time larger humanity had lived enough civilized to learn ,such actions had been in most cases regrettable and shameful yet the influence of historical empiricism hardly thrives enough to apply the moral virtues . Our constant loss of memory can be attributed to the lack lustre gestures to learning from experience sailing backward to recycle and repeat the most infamous parts of human history .
Indeed to be frank , we are puzzled by the unknowns ,the unstable and uncertain of the posterity of man under sun.In this war of attrition ,everyman for himself and God for us all ,the devilish thought and his unconciliatory nature harbors social distrust .To protect his dignity and the integrity of his family is a matter of status and status building rather than his love for mankind ,his people ,race or tribe in general .Why is it so? This is because self preservation is the very law of human nature and status building rest largely upon self defence –a foolproof to the fact that there is nothing like freewill.
The purpose for which we live had been defeated in general given the inadequacies of human civilization which has corrupted mankind.The original nature or the very first nature of man is lost or long buried the moment an earthling is old enough to use his natural instinct devoid of parental influence.To a larger extent due to competitive rivalry to survive ,the milk of human kindness or compassion is sacrificed in most cases as man attempts to build his reputation and social status .He also sacrifices his sense of justice for what is in vogue in an attempt to belong or arrive or compete with the whole caboodle of bandwagon cascade .With the death of human rationality ,it becomes very difficult to eradicate injustice in mortal society .This kind of intellectual depression can be called Jump th bandwagon depression –JBD.Are we then truly responsibly responsible to the true common course that unifies humanity?Through the acts of omission,in this regard ,social debt balloons.
Shirking collective responsibility is a great threat to our common bond and as we undermine the value of such responsibility not just human responsibility which by nature pay their quota in the protection and fulfillment of mortal destiny ,perdition of common course is certain and the soul of human progress someday may be threatened without reprisal . The need for human ,social ,political and economic responsibility and the entire categorical gamut of it to pay off social debt out standings perpetually maintains or upkeeps social projects and general progress of mankind and also are the rituals that must be paid to advance human civilization as it were since the Neolithic era.
However, at this point it can be argued human responsibility and the individuals and individuality factor to honour its obligation timely or as at when due might clash with the essence of collective responsibility as categorically enthused above but that the balance to keep harmony between the various dissections must however be maintained to promote the progress .JBD VIRAL AILMENT is responsible for this disconnect that requires moral surgery to rebalance or rebase debased value system manipulated earlier to lose balance of logical realism between insensitive and most ration elements of the society. The quantum leap in social instability can also be linked in favour of this ailment,even the balance it could enjoy a sizeable lead in its preeminence .
Unarguably , obligations almost like routines are human responsibilities which when consummated in the most affordable manner begets and secures a better standard of living for its beneficiary .Conscientiously ,it is agreed that vision and the ministry of purpose that encapsulates dreamland zone including vision are requisite guide into the ministry of human responsibility or mission.Mind you as we know strategic planning hardly goes before a purpose ,the careful exposition of vision and the task at hand be easily apprehended in reference to such plan .Sometimes it goes both ways especially when you review your plans but there must be a purpose before such planning and also tends to refresh ,recalibrates and relive it as if it was fresh opening up human progress on a much maligned note .
The value of responsibility as interred in each components and law guiding it including its triune passage required to amortise itself cannot be exonerated or excised from normal functioning of the state .With the accumulation of planning ,planning resources and enlightened vision ,strategic thinking changes for visible transformation to be noticed or begin in the life of individual prior to mutation to collective responsibility .The obligatory components of responsibility both material and non material intangibles such as action , adventure ,goals, human need ,commitment and dedication,selective and general routines and above all ,education can patchy way of life in promoting social progress.When observe these elements as we are wont to do ,we are already self –made in this ministry of purpose aligned to missions and having taken a firm decision ,proper planning and understanding of its vision ,even an indolent mind would be encouraged to execute such purpose and pursue it .Social debt is paid as we navigate towards our expected ends or fulfillment .
By observing these obligatory components ,as at when due we are known as responsible or not drawing wealth of experience from the optimal value of human responsibility at a given period .It also speaks a lot about the worth of human responsibility and humanity respectively ,its depth of integrity ,self-esteem and the integrity of human persons at a time.No one advises us to do it ,we just do it .Though negotiable but it is a must a mandate for the day –an empirical evidence that man is guided by the laws of responsibility including law of action ,law of faith,seductive law of sight ,laws of providence ,requisition and restitution -an indispensables s they measure changes in human need.
To keep these obligations is to keep the law or such responsibility or strict observance of responsibility .There is no control or coordination from outside forces with these elements ,we determine of our responsibility at every point in time including the extent to which we can philosophize failure or success .Or how to take action perfect action, master completely or on a partisan basis or whatever we v not practiced before .sow or nor reap or harvest ,exploit or perfect conditions or not let alone exploit ,procrastinate or not procrastinate ,build routines buffer or not ;persist or not persist.These are timeless assets and liabilities that drives human creativities with a reward that must be earned when they are surmounted and riven towards wits end of artists in question. The tardier we decide on these crucibles ,the more faltering we become losing time tested values to TTS syndromes .
By adding value to responsibility ,a rational being ought to know how to profit from them and actions do not have to be perfect ,neither despair nor until you mimic a system of successful actions including its winning methods before one can break even. This gives room for learning on the jobs or trial and error evening learning is the best over time a determined person can struck apparent oddities. It is pretty absurd to abandon today’s for tomorrow’s responsibilities .What we can do today is worth well doing today and no need to postpone ;for procrastination as they is the greatest thief of time .If you want tomorrow ,tomorrow today may never come .If you want tomorrow today ,then you should start valuing tomorrow that is yet to come today .This is best achieved by seeing and valuing today’s responsibility as your cardinal time investment for the tomorrow that is yet to come .
The best of life , gratitude ,love ,affection, empathy,sympathy , compassion ,passion and diligence can be shown and sown into today .We have been told that tomorrow’s is never ours even when we plan or wish greedily it comes but we can massively invest in today for a brighter tomorrow –like they say -a bird in hand …. Do we get clarity about where we are headed or what we want to do ? Or how do we master those system that has helped others ?How do you attract affection of outside forces in terms of constructive relationship and meaningful engagement that would you to your expected ends ?How do we realize it does not make sense to wait for the environment to change ?O r wait for it to change first before we make a move ?Do you need to be sharp to see if so how, what and when ? It is not enough to aim BUT HOW DO YOU SHOOT AT THE RIGHT TIME? Understanding these strategic imperatives tend to add value to human responsibility and can enhance mental and psychological alibi and sedentary perspectives of these elements eaten raw and burnt by thieves of time or by inadequacies of moral exuberances.
Understanding the place of human responsibility has a lot to offer and to do with the habbit ,habbit formation and individual customs that encapsulates the signification of this responsibility .By the force of mutual resistance ,you can fail woefully and by the force of mutual gravity ,you or we can be stereotyped and programmed subconsciously towards success .As we peruse better human responsibility and taking the drive in the right direction ,we can alter or change our destiny in the most affordable way possible .Not until we are capped by its success ,do we know ,we are in the right direction or in the right place or have done well .So success is the most satisfactory climax of human activity and indeed the true climax of human responsibility and its sustainability can be Importantly harnessed to castrate failure and that can be the most beautiful achievement in a person’s life enabling mankind to honour his responsibility that nature places at its doorsteps .
In an epitaph at a local park it reads ‘’play at your risk ‘’the same applies to mankind and at our risk ,we assume that can make or mar us and at our risk ,we assume it for failure or success. We couldn’t have existed in the first place without it and we must be abreast or peruse the type of responsibility we undertake .Hence a calculated risk is far better than a jump on the high sea.Mordern society should learn to take responsibility for the capitalization of optimal necessity that liability defines and posits that we should undertake basically the amortization of social debt or otherwise it could be seen a gross irresponsibility when it is allowed to grow unfettered and man endangered species right there in its own backyard .
Basically ,it is a common knowledge that nothing works for every responsibility without not adequate capacity but also sustainable capacity.This is a panacea to not only econonomic development but also sustainable economic development .
CHAPTER -13---THE CONCEPT OF CAPACITY BUILDING AND ECONOMIC DEVELOPMENT
Contextually Capacity refers to human character that is appropriate to support to human tradition and social development at a time .The primacy of human capacity cannot be underestimated in the general design of socioeconomic system appropriate to support living standard of the people .Its development determines the rate at which economy grows and the quality of human capacity has come to matter in modern times in addition to its primordial contribution to nation building and universal welfare as a whole .
However we need observe that its sustainability also more than determines its strategic impact to economic development and where capacity abuse is perpetrated or persistent there can be no development .This among other reason remains the catalyst for capital underdevelopment in most developing countries as a whole
SUSTAINABLE CAPACITY BUILDING FOR SUSTAINABLE SOCIAL DEVELOPMENT .
Generally human capacity collectively supports social and economic development .Capacity remains the hardware and the changing climate of development the software vital but nature enthuses differently with capacity as the software and the climate and the human system -- the hardware that outlives the software during a round of mechanical operation or use .The value of human capacity cannot be demystified and a missing link that usually midwives underdevelopment .Appropriate capacity supports appropriate development at a time .Inadequacy of development at a time is caused by capacity inadequacies or the inability to reach optimum capacity needed to support highly demanded development needed at a time .
The appropriation of development cannot be attained unless capacity and appropriate standard needed are met and sustained before projected development can be met .HUMAN DEVELOPMENT begins by cultivation of required capacity vital to support a given human resource per capital which must supports itself first and foremost prior to general contribution to the development of the society .And effective human capacity follows tradition cycle thing with multiplier effect to transform a nation when collectively endorsed .Its quality by use and practice relative to institution and policy practice in an economy is indicated by the quality of information enterprise of a nation .
Since human capacity pioneers and authors human ,social , economic and political development , sustainability of the tradition flow cycle thing relative to collective social capital tends to nurture this capacity far better and consequently not only passes its effect to the socioeconomic system at large but also harbinger of much vaunted human civilization . We can contend that it is the circulation that matters which follows the tradition cycle flow [TCF ]- and such sustainable effect is vital to transform that jurisdiction from existing lethargy and the moribund nature of the socioeconomic system facing the hurdles and resolving the challenges of nation building .
To be precise sustainable human capacity promotes capacity building by aggregate contribution influences socioeconomic development and also sustainable capacity building through its collective wealth promotes social growth ,then sustainable social growth or development . This later snowballs social development in turn following the TCF completes or dovetails into sustainable social development until capital development is attained , harnessed and sustained .This indicates that capitalization of development in any clime can never be possible without appropriate human capacity which will midwives adequate appropriation of development demanded at a time ----
Capitalization of Development, Tradition Flow Cycle and Development Density
Capitalization of development is a central precedence in developed society The development critique school mainly the philosophers and scientists which provides diverse models put to mill to entrench development practice periodically undergo psychological reawakening and moral self-criticality-an inner audit process that reevaluates existing world models by every successive generation of modelers so that a model is not made inactive or left rigid in human tradition far too long .Such capitalization wrought by free will through intellectual freedom tends to restructure human belief system refocuses human tradition and development practice perspective scientifically using per capital competitive bias not only from the critique schools but also from the rest of civil society while evaluating our tradition .
This influences the policy makers in the same way as the modelers though to a lesser extent but most specifically the entire fabric of socioeconomic system that they superintend into growth and then into mass development .Their major responsibility is to shape the polity and the social psyche that supported it giving direction to mankind in general .This is passed from nation to nation ,generation to generation and from project to project .The quality of development equation at this consensus of psychological reawakening and modeling self criticality restructuring curve [ measured or tested at the birth of new models or those not accustomed to where development is traded for utility in the market place ] provided hurdles to learning are surmounted is the only competitive parameter and optimal leverage to grow development cycle from one stage successfully into order for true development to be actualized , sustained and benefits mutually spread to every class in the socioeconomic system .
Total reevaluation of this curve ordinarily insinuates successful market reforms in these territories to further consolidate on the previous gains of development-giving rebirth to elementary doctrine of development civilization .Those nations on the contrary where market had failed must be measured by this development deflator /inflator which addresses a review of previous strategies put in place to drive social capital so as to determine optimal result needed and accumulated .
However also at this stage man by nature highly culturally resistant to change exhibiting preferential bias in favor of the kind of change they desire to tolerate in contrast to following nature’s course which may be costly but the most effective . Inability to let go results into costly revolutions a washed in mortal antecedence .Controlling inexpedient futurity of this climate by practice tends to slow down the economy of development and also dampens sustainability of existing development antecedence . Nevertheless passion for works and strengthening of capacity building promotes and refines human arts with which further consolidation can be effected .Capacity building primarily to be precise is the subordinate institution of mass development[power triangle oriented ] and not just the basic art of development. It is the transit shed and the actualization framework of development materialism .The practice of this arts advocates development grows and matures mass development depending on the level of information adequacy existing in the society at a given period . With perpetual practice swinging from project to project and from activity to activity –a normal daily routine , cultivation of development is turned into arts and then into mass venture backed by sensitive political will and technology to become the very primogeniture of culture pass on from one culture age to the other .
Sensitive societies advocated this on a recyclical renewal basis transforming sustainable capacity building benefits into sustainable development .
To study the economy of development and development technology in a society one must first venture to unravel the open mystery of how traditional and scientific information flows freely or consumed by social capital and traded by it resting on culture .This culture popularly but unusually as repetitively emphasized is regarded as the economy of development nature , the foremost institution of nature and the foundation of the universe and life altogether .Man learning from this book of nature evolves the practice of development by domesticating relative capacity which is the author of development . And the ratio of development in a nation feeds from existing capacity .Consistent growth in this regard is not enough to measure sustainability but also the quality and the growth pace also contributed to it .
Development components includes growth , growth assets , growth regulation , growth criteria , accumulation of growth , sustainability of growth , attainment of development itself then, sustainability of development , and then the cycles of development until the last cycle of capital development which measures more of the spread , thickness and distribution of this development through the rapid gains of empiricism or using the gains of technology to circulate mutual benefit to all citizens. This procures development density in which all citizens are both socially and economically affected .Dividend here is usually regarded as civilization .
Development parameters such as tradition rigidity where necessary and incentive leveraging , regulatory standard , development forecast and benchmarking , trial and error processes , development remodeling and development auditing process , bridging learning gap [ critique schools outputs] , necessity and enlightenment demand , social capital and above all the interaction of information freedom over information asymmetry that distributes mass enlightenment which determines the nature of development economy in a society in which primordial goals are the same by observing the great charters of liberty .To ferry material development is to observe this social architecture and then stages can evolve using the political , economic and social power and will of a nation while mass enlightenment is leveraged to demand rigidly for mass development .
To devitalize on development is to deny extensively egalitarian access to cultural trinity and abuse this template and the consequence is to enter or embrace development dark ages and vice-versa .The entire development economy worldwide can be measured in this way which falls short of pass mark even if it were to be elementarily graded . Observance over time of this noted criteria automatically fuels development civilization which is made possible by reviewing the effect of these components and parameters in developing development and the extent to which the required sustainability is capitalized . .The basic law of development is already known which is mainly access to the use of cultural rights of man , observing the great charters and the affordable access to information democracy is a foremost starting point .That education especially social education matters a lot could no longer be doubted .
The institutionalization of affordable information access promotes capital development adequacy in the long run .The only challenge a nation has is how to maneuver power triangle [being the secondary institution of development and often by its structural defects tend to ridicule the primary institution of development ] into attainment of this capitalization which is why development is faster in one society than the other; irrespective of competitive self interest over time social interest in such economy always prevail –an exposition or a reflection of the quality of social capital in that jurisdiction . The societies that made themselves poor ate poor excreta fallen short when categorized using this simple indicator. A society must have attained certain level of this adequacy , democratic flow of information enterprise development and optimization before capital development can be cultivated or made possible .
It is to be noted or remembered that optimum use of information enterprise promotes by multiplier effect mass innovation .In the economy of nature art system market is nurtured by information free market which is the author of full blown cultural free market and also interchangeably and the latter still through artistic evolution It is also the author of capacity free market which in turn authors or cultivates development market economy as they spread over population free market .Nature moves along this cultural trap cycles which is embarrassingly obvious influencing humanity as the epicenter of development by projecting and planning traditionally following similar rules from the ancient until now. Unknowing to man scientific planning cannot be embarked effectively even if growth in technology advance sustain ably unless we first unravel the nature of development economy in the cultural market –in view of the growth and diminishing returns threat to human civilization .
This development pattern and standard is fixed but the capacity to maneuver the template consumed man ’s ateliery . No wonder Francis Bacon admitted man is an interpreter of nature learning from this book [nature] and development evolution in the family of man has followed this line of thoughts for the entire stretch of utilitarian culture and history .The challenge for developed societies which have observed the rudiments of development is to sustain civilization and avoid development boom and burst cycles . Given the glaring evidence of history and development antecedence that no civilized society in mortal history since ancient until now has been able to sustain her civilization . HENCE SUSTAINING CAPITAL DEVELOPMENT IS NOT ENOUGH EVERY CIVILISATION DID ATTAIN THIS CYCLE BUT SUSTAINING THE TORCH OF CIVILISATION and spread to adjoining races is the greatest challenge in the cultural free market and human history .
Development and Core Competence
Coming down to the developing history , certain parameters ,according to a study by Saleh Nsouli , once concluded that three most important and interrelated components vital to economic development : capacity building ; good governance ; and economic reform .Capacity building is defined as the development of skills and institutions as critical element to the attainment of sustainable economic growth and development .Without good governance full exploitation of acquired skills will be practically impossible and domestic institutions grossly underperformed . And to leverage on economic reforms effectively without a well functioning institutions could be exercise in futility or not operated properly .
The quality of the institution itself is a reflection of the extent of capacity building –a core resource for economic growth which uses the institutions as a framework through which corporations and people participates in economic development producing incentives for investment and the resources ’ allocative efficiency .The importance of institutions is somehow extremely underestimated in the developing history and to some extent advanced countries .No territory is immune and specifically citing the market downturns and meltdowns that plagued the united states was linked to poor quality of institutions and here is a region hitherto previously regarded as sacrosanct .
Africa ’s growth rates and potentials in the 60s was ranked ahead of East Asia ’s .Nsouli study consistent with Easterly and Levine [97] provided empirical evidence that lack of sustainability truncated this potential due to political and social factors , poor institution , political instability , bad governance and corruption and inadequate infrastructure .Rodrik [97] shares similar evidence with a view that quality of institution in the region exceeded in real terms contribution by classical economic variables such as technical progress , accumulation of capital and labor supply increases . Capital accumulation and the quality of the institutions according Hall and Jones [1999] in the study of 133 nations are complementary essential to long lasting growth .The two sets of institutions noted by Nsouli and Rodrik [1999] studies : both regulatory institutions and those that supports efficient functioning of the market are pivotal framework for long lasting growth .
NO wonder capacity building concept is the most popular phrase in the development discourse .According to Infocotonou , the European centre for Development Policy Management noted why aid is not generating sustainable impacts or policies fail to deliver . This was linked to capacity problems as admitted by foreign donors and government alike .In the world bank study for long term development prospects for the SSA region .From Crisis To Sustainable Growth [1989] capacity building is immensely shortchanged or under threat and grossly inadequate .That capacity for sound policy design and policy sustainability is in dire need or critical short supply in nearly every sector of African economies .
For instance in the Nigerian public sector serious capacity gaps [ ratio of derivation between required and actual workforce ] exist especially in most ministries and agencies .
The inadequacy in the quality of technical skills and the shortfall in the quantity of available man power posed serious problem to economic development .The inadequacy was also recognized in the national capacity assessment report [Nigeria/World Bank, 2002] affecting negatively in the way public resources are shared and coordinated .The report details were shocking . unequal staff structure , staff concentration in semi skilled and unskilled labour category while qualified staff were grossly lacking in critical areas [ i.e finance ,economics , policy analysis , general management and IT] .The civil service was said to be over staff at the lower levels and overworked at the higher levels ; ratio of trained workers to total staff strength was very low and very insignificance to some extent citing lack of funds as a major reason behind the shortfall ; more than 70 % of sampled institutions could not meet training needs . [Obadan 2003:Capacity Building For Development [1] . ] . In the private sector the problem of skills mismatch that do not correlate with industry needs abound . The virtual collapse of educational institutions since the 80s churned out half baked graduates that hardly finds jobs to compete in the economy and 70 percent of which hardly can defend their certificates ;though the workforce are better here than in public sector .Imagine , Lagos state- the richest state in Nigeria perhaps by IGR and the commercial capital controls more than 50 percent of entire skilled work force in Nigeria and two third of industrial sector . Unfortunately poverty level is as high as 70 percent-we mean 70 percent of Lagos are rural .That is Nigeria –the elusive giant of Africa .The same story is grimier in the rest of Africa the middle east and beyond
Obadan [2003] commenting these inadequacies and the challenges facing Africa affirmed that ‘ this among others …..informed the nature and pattern of external donors interventions .In spite of the efforts made the practice of capacity building so far leaves much to be desired and capacity building continues to pose challenges that may be addressed effectively in the long run ’ .
In the developed territories we have noted that poor institutions also abound and the capacity building predicaments there are more linked with poor models which further humiliates and degenerates the quantity and quality of development produced in the insensitive developing region . The institutions that supported development in this region were nurtured over the course of 400 years or so. Hence rigidity of tradition could also influence biblio maniasis and to avoid this dark age empiricism of past leprosy in development can easily be exhumed . To resolve these challenges facing humanity put together , we need a reminder or briefly re explore the economics of information democracy and the strategic impact governing affordable information access.
ECONOMICS AND MARKET INCENTIVES OF INFORMATION ADEQUACY
Successful capacity building rests squarely on the success of a nation ’s information enterprise which could add value to TCF If harnessed .The cost effectiveness of this market incentives promoted by its enterprise are hereby noted :
--promotes social , economic and political awareness
--ensures universal freedom such as freedom of information at least on a tolerable level inimical to preservation of human rights abuse
--Promotes mass innovation using the democracy of information freedom and ensure development in the longer term
--Without information freedom which is the sole feature of a democracy unknown to many subsidiaries such as freedom of thoughts , freedom of association , freedom of speech , security of life and property etc,among others democracy cannot be sustained.This indicates that democracy in the developing countries is living on borrowed times since the economic framework to support it is grossly lacking
--If the above is sustained the path of development cycles can also be sustained and completed until the last stage capital development or its density is sustained .These are indicators for sustainability .
CHANGING WORLD DEVELOPMENT IDEOLOGY
World development ideologies change with time and to capitalize development successfully, the socioeconomic system model must be changed to go alongside robust formula as suitable in the third world in which we have noted democratic formula hardly succeeded or go along to contribute to meaningful development ..A socioeconomic system composed of political ,social to economic system in this region is highly inimical to growth-- a safeguard of growth abuse and the main contributor to capital underdevelopment .Every decade they recorded economic growth but are hardly sustained .This emphasizes the need for change which cannot be possible without self-determination to observe neomarxism and get off the yoke of western aggressors . Learning lessons from emerging markets could give inspiration and practice is another thorn in the flesh of indolent nations where development deputisation deposition colonialisation abound and bibliomaniasis is highly valued as the antiquities .THE NEED FOR CHANGE cannot be bargained for dregs otherwise perdition of these nation states is never far away
In a fast changing climate ordinarily development according to several school of thoughts is determined , quickened or hastened by several factors mainly policies and appropriate institutions put in place to midwive meaningful change that a society or an economy demands at its own trying time which must be supported as noted earlier by highly evolving developmental ideology of the nation to evoke requisite mass of capital development needed to maintain and sustain social life and access to universal wealth . The challenge in our world today we have noted repetitively: is how responsive and effective are the socioeconomic system as a whole and especially the existing macroeconomic models’ reaction and sensitivity to this changing climate ?
AS MACROECONOMICS FADES AWAY MICROFINANCE CHARTS A NEW DAWN
We affirmed that the study of economics from the antiquity until now has never been able resolve the evils of inflation which is the fundamental economic problem let alone its endless tiring theories being propounded by macroeconomists in modern times which has only proliferated in vain Since the days of Thomas Mun,s Mercantilists theory which pioneered modern doctrine of larger market and imperialism or among others earlier in the Neolithic to the Medieval if any of this mode down to classical economics and Keynesian period until this era of the Neoclassical and the monetarists and the like , the vicious indulgence circle riding on the heels of intellectual terrorism sorry to say has assumed a maniacal proportion and refused to abate .Consequently , development colonization development arbitraging and development holocaust respectively as components of development crisis have been legacies bequeathed to development market of the third world countries countering requisite density or mass of capital development that has often eluded these territories for a long stretch of human history.
Infact , insiders such as Robert Barro at Harvard Keynesian Paul krugman of Princeton University and New York Times Brad De Long of the University of California and William Buiter of London School of Economics [LSE] and a host of others have noted this gradual degeneration .They contended that economics is a dismal science. That the past 30 years of macroeconomics training at American and British Universities and the entire west were ‘a costly waste of time ’ The U. S meltdown greatly plummeted any notion of confidence or provoked crisis of confidence in the field and a glaring evidence of the dismal science .In the best PhD programmes based on the opinions of some economists , macroeconomics it is regarded often as the least most popular class . It is a misnomer to believe that it is a panacea nor even a relief to human and economic misery .
On June 10 , 2009 at a Lionel Robins lecture held at the LSE—London School Of Economics Krugman noted that most macroeconomics of the past 30 years was ‘spectacularly useless and positively harmful at worst ’ .That is particularly a scathing remark and can never be better than this especially when coming from the mouth of an insider-Is that a good halitosis ? Your guess is as good as mine .They failed to diagnose the causes of economic crisis during the melt down not to talk of proffering solutions for recovery uphill They were dormant hardly learnt new things and keep repeating the same mistakes over time
Of course these internal critics were against themselves too both the ‘ purists ‘ freshwater and the saltwater ‘ pragmatists ‘ The behavioral economists and the apologists of efficient market hypothesis raved against each other .Although Paul Krugman noted that ‘ we are living through a dark age of macroeconomics ‘ he was nevertheless criticized by some other macroeconomists such as De Long for falling back on antiquated Keynesian doctrines ‘ as if nothing had been learned over the last 70 years ’ After all many scientists the economists believed ‘ do not leaf through Newton ‘s world machine ‘ principia mathematical’ to solve basic problems in the study of physics .
For the upteempth time in this fast changing technology age existing macroeconomics models ordinarily must also change perhaps at the same pace in which today’s technology changes .The fact is clear: the poorest regions of the world mainly Africa and the middle east despite landslide GDP growth over the years which is measured by declining share of world trade and especially the growing flaccidity in the natural wealth or assets indicates that GDP in real terms precisely does not take into account .There is no need to re-emphasise what is known already –In a cursory analysis let us access challenges facing Africa as a leading case study in this episode .
AFRICA IN THE NEOMARXIST AGE
Like elsewhere around the world the relevance of international financial architecture to Africa cannot be underestimated at this critical period of her history in view of vital demand for development practice in the continent . The quality of growth and development in this territory is heavily interrogated . Greater macroeconomic stability attained especially in the SSA region over the years unarguably grossly masked and shortchanged the quality of this practice and vastly underdeveloped its needed density and pedigree not translated into lasting growth in the continent in the long run . Unfortunately the vicious trap cycle continues without remorse and alternative recourse since the colonial era .
CHALLENGES FACING AFRICA
As usually emphasized demand for development in the continent is under perpetual siege. No wonder nominal and precisely real development is similarly under siege and close to zero . What can we do ? .Challenges facing the practice stems from seemingly insurmountable factors such as poor mass enlightenment ; inappropriate demand for development ; cultural inhibitive supply factor flaccidity ; and above all lack of homegrown ideology OR which we have analyzed or diagnosed under acquired immune deficiency DDDCH syndrome [DAIDS] OR SOCIO ECONOMIASIS . This can be regarded on aggregate as mental poverty or spiritual poverty which is the author of all poverty types be it income or economic form of poverty ; physical ;political and social forms of poverty .It is the world greatest plague behind social misery .Before we can resolve this problem we must tackle socioeconomic effect of Braindrain in the continent .
According to Daniel Cohen in the piece ‘Veils of Ignorance ’that two of three Americans sincerely believed that being black is synonymous to poverty and the rest did enthuse that blacks were probably unlucky . For the umpteenth time yet the pinnacle of their civilization was black by origin .It is a derogatory statement to be made especially for the ignoramuses around being deceived by their shortsighted philosophers and who failed to uncover the strategic importance of the mother of all races and her indelible place in mortal antecedence .Underestimating her unparalleled antecedence surely marked the path to perpetual economic decline
THE CONCEPT OF BRAIN DRAIN AND ECONOMIC DECLINE
The concept of Braindrain particularly is more worrying which reduces the growth rate of available and effective human capital shrinks income level , reduces the existing size of income per capital and GDP capitalizing gross underdevelopment in the long run .That is why Africans need to take serious considerations on its economic impact and effect on labour and standard of living and international competitiveness [Hague and kim].It has greater impact on international trade and commerce and often occurs between nations states and communities and impact heavily on the climate of sustainable development [Uwaje,2001].
It is to be noted that the Braindrain scourge is one of the author of mass poverty and is synonymous to capital underdevelopment .According to international Organization for migration and the United Nations Economic commissions for Africa ; for many Africans who went abroad and returns with professional expertise and as skilled labour there are many more that never return . The scourge is particularly nauseating and steadily increasing .Between 1960-1975 about 27 ,000 exceptionally qualified professionals were estimated to have departed their home countries .And between 1985—90 another 60,000 also departed and since the continent has been loosing 20 ,000 professionals annually .This is particularly worrying because the figures do not include the student population that also departed to study abroad with no hope of likely return .Out of every 100 professionals departing annually only 35 do not return .About 64percnt of Nigerians between the age of 25 and older and 43 percent of all Africans living in U.S.have one bachelor ‘s degree at least .The Senegalese doctors in the U.S. CITY OF CHICAGO is more than in the whole of Senegal .Likewise if the Nigerian doctors at the general hospital in Kuwait should return home enmasse today that hospital will be closed down . There are many more Nigerian doctors and nurses in Saudi Arabia and the .U.S. THAN in the whole of Nigeria put together .
AS a matter of fact Nigeria has more than 21,000 doctors in the U.S. alone as opposed to over 30,000 local doctors . This figure for the U.S. is even more than real local estimates because not all Nigerian local doctors are active excluding those with periodically renewed licenses. . Imagine about 1.7 hospital beds and 0.2 doctors per 1000 people and infact one doctor serving about 15 -20 ,000 clients in the north ; this is not peculiar to Nigeria and the emigrated ones do not dream of coming back .Writing in the ‘Professionals And the Economy ’Prince Bola Ajibola the former attorney general and minister of justice while recalling his experience as a Nigerian envoy at the court of St .James and the alarming number of Nigerians that have left the shores of the country since 1999 once noted that : Frankly speaking a considerable number of those who ought to contribute to the revival of the economy are outside the country . Many of these migrants are professionals .They are currently devoting their talents in developing other people’s economies all over the globe .Sadly the many hundreds of thousands of naira it takes to produce a Nigerian graduate and professional right from primary school to the University would appear to be wasted when you find him or her doing menial jobs such as attendants in the London underground ’
He continued ; United Nations Conferences on Trade and Development [UNCTAD] estimates as at 1979 shows that each African professional between the age of 25—35 contributes $184 ,000 each year to the United States economy .Current estimates are that at least 100 ,000 Nigerian professionals are practicing in the U.S. .Thus conservatively , Nigerian professionals contribute about $18.4billion to the U.S.economy . If adjustments for inflation over 20 years are made the mount of money will be more astonishing .If you include Nigerian professionals living in Canada Europe Saudi Arabia and South Africa the amount will be $100billion [ more than twice of nation’s GDP during the period ].Whereas the 30 ,000 doctors Nigerian born medical doctors is a child play when we consider the enormity of capital flight crisis effect .I dare say if there is a sudden withdrawal of Nigerian medical professionals [doctors and nurses ] from the united kingdom the national health service [NHS] will face dire consequences .’[defunct National interest Aug.24,2001pg.27]
He believed Saudi Arabia will face similar ordeals with adverse effects on their healthcare system should Nigerian doctors and nurses be withdrawn . He was surprised Nigerians were everywhere even in new Zealand ‘way down on the end of the planet ’ believing due to sheer distance will hardly come across any Nigerian but ‘to my utmost …. pleasant surprise ’according to him ‘ a reception ’was ‘held for me the same evening of my arrival by Nigerian professionals gainfully employed and contributing to New Zealand economy ’. That Nigerians are every where around should no longer be disputed and should not be the problem and many will never return according to our lawyer unless social amenities are provided . Social amenities or not people are always on the move even in South Africa where the climate is conducive professionals are moving in droves but who is filling the remaining vacuum ? Any way as we noted the scourge is a phenomenon across Africa .
In Ghana during the 1980s 60 percent of her doctors left the country putting enormous pressure on the healthcare sector while an estimated number of only 400 doctors are still left behind in Zambia out of close to two thousand doctors it formerly had . In 2003 Christian Science monitor reported within a decade in South Africa an estimated 20 percent of skilled workforce have departed the country and within five years in Zimbabwe professional workforce shrank by two third ; this is a grave situation . Now it lamented to replace this missing gap Africa spends 4 billion dollars annually importing some 100 , 000 skilled expatriate to fill the missing link . no wonder development of science and technology is stagnant and fast eroding as scientists emigrated in search of greener pastures .Forget about genocide such as happened in Rwanda I tell you this intellectual genocide not physical genocide far worse and far degrading .
The result today is known to all no growth sustained , let alone development nothing moves and decline persists as population increases .Policy put in place like NEPAD etc lack leverage to take the continent to the promise land . We contended already that only enlightened people demand for development and can prevent social , political and economic instability from degenerating into continental bloody wars . Today Africa remains the most scientifically backward territory of the world and behind the middleast is the world poorest region . no wonder some researches link that [ two out of three Americans ]thought that black is synonymous poverty . I S there ANY WAY OUT ? The spillover effect of Braindrain was profound .
THE SPILLOVER EFECT AND BRAINDRAIN
The UNESCO WORLD science lamented that the continent failed to make any impact on new materials and product development far lagging in the ICT sector despite marginal growth in recent times .A 1992 survey put the total population of African scientists and engineers at 20,000 which represents a mere 0.36 percent of world scientists and the continent is responsible for less than 1 percent [0.8 %] of world scientific publication .While its shares of patent is next to zero with no Nobel laureate for any scientific discipline yet .It is a very serious situation because patents , scientific publications innovations and technologies are the common yardstick of growing civilization .
According to the report at the basis of this declining growth is the deterioration of learning . Education is declining due to negligible output contributed by science , research and development .In the public institutions , Africa’s expenditure is said to be less than 1 percent of GNP in which a good chunk of these scanty spending say 47 percent are pumped into agricultural forestry and piscatorial business whereas value additive , agro allied and manufacturing services persistently lacked behind . As at 2001 UNESCO report summary by Catherine Mgendi , besides Seychelles and South Africa no nation in the entire continent spend close to or 1 percent of her GNP on research and development .or larger chunk devoted to sciences .
Enrollment in science has fallen drastically especially in advanced learning institutions a major reason behind decline of science on the continent . In most countries about 0.5 percent of scientists and technicians existed for every 10,000 people in 1995 .let ’s take a look at secondary and tertiary enrollment in selected African countries. In The nation article on African science Mgendi noted as observed below :
Selected African and Asian countries compared
Secondary and vocational school enrolment per 10, 000 people
n South Africa ……………………………………………….1,085
n Korea………………………………………………………..1,037
n Gabon…………………………………………………………474
n China …………………………………………………………457
n Kenya ……………………………………………………………224
Tertiary Enrolment in the selected countries: compared
n South Africa ………………………………………………………80
n Korea ……………………………………………………………..381
Though the eight African counties rated favorably with six fastest growing in east and south Asia but the low enrollment in science is the greatest undoing .
Before we close this chapter , consider this sad and deplorable facts .According to the magazine –The Newsweek , the U.N. and World bank intensive studies that over the last 20 years which ended in 2003 Arab world average per capital growth rate had been less than 1 percent lower than that of Sub Saharan African region ..Unemployment was in double digits even though they were underestimated and labour productivity hardly changed since 1970s down to 1990s. In terms of access to foreign literature and ideas and technological development and exports middle east is the weakest and persistently the decline never abated. Likewise in Africa , her peer basket case , per capital income in Egypt in 1950 was rated exactly at the same level in South Korea but presently it is 80 % far lower than in the former times .During the same period under review the population of Egypt some 70 million people filed only 77 patents in the U.S. compared to 50 MILLION South Koreans filing 16 , 328 patents works .Today non –oil exports of Hungary is much bigger than all of African countries put together . These are some of the grievous mistakes and Braindrain factor could not have been resolved and exterminated completely
Note :Braindrain like many of African challenges to sum it up is a capacity problem correcting this shortfall will no doubt be a contributor or a function of sustainable capacity building which can only be harnessed and resolved in the longer term .
With this scourge Africans seem to be contributing to growth elsewhere to the detriment of their motherland .It should noted Braindrain has three types or categories : first we have colonial Braindrain which is slave trade using forceful expulsion of people to foreign lands but now the rest is history ;what we have today is neocolonial Braindrain in which the lure of civilization and greener pastures lured Africans persuasively to serve to grow the superior homeland. This is modern slavery –but the most deceptive fighting against local development like jihad or shall we say second slavery ?
Africa : the Land of crisis and natural wealth
There is no doubt that Africa is the richest territory of the world and cannot afford to do less since it controls or has 40 percent of world total strategic minerals and the Congo basin harbors half of these with the Niger delta having the highest numbers of rivers and waterways worldwide .70 percent of 300 ,000 species of world total fauna and flora are located in Africa but Niger delta controls 60 percent of these . World largest gas deposits according U.S. GEOLOGICAL STATISTICS is located in Nigeria [ and not Russia or Iran ] probably around 600tr.scf [as opposed to official 200tr.scft .].The world largest bitumen deposit in Ondo State , probably lead and zinc in the north according to one mining experts were found in Nigeria .South Africa controls world gold reserves , diamond and next to Russia in platinum and a world leader in palladium .Every state in Africa is endowed with one resource or the other . Africa controls more than 30 percent of world gold reserves The gulf of guinea is one of the richest and leading hydrocarbon regions of the world
Unfortunately this good development had become a gory tales and in some African countries natural resources have become a curse and not a blessing . From the blood diamond fields of Sierra Leone to the democratic rep. of Congo warring fields where a group of countries are at loggerheads and fighting over solid minerals down to the Angolan terrorist enclave , natural capital have been a source of imprecation and social upheaval .Let’s take look at this known statistics in an historical reminder ;
n 20 percent of Africans are under condition of conflicts
n From the mid-90s upward beginning from Rwandan genocide more than a dozen countries were sucked into armed conflict and crisis perpetuated in the battle to control natural capital .The great lakes region together with Sudan captured international attention and they constitute a massive region quite as large as western Europe .
n Sudan has been mired in conflict all but 10 years since independence in 1956. while African first world war is going in the Congo dr. where 6 countries battle it out over solid minerals .
n The effect is poor capacity building and average per capital income is lower than in 1960s
n Nearly 50percent of SSA region citizens live below poverty line , the figure is 90 should we use poverty profile . etc.
n Border disputes abound and challenges of divisive pluralism as noted by Emeka Anyaoku in the piece ‘South Africa and the challenge of divisive pluralism ’is becoming clearer and direr as burden of development increases which can only resolved by grass root empowerment .
The only condition for sustainable growth and development is peace and social stability which will also create a platform for good trade and the ability to cover her trade gap and development gap with the rest of the world .
Averting cultural Brain drain :A bigger scourge
As a result of this horror tales cultural brain drain also became the natural consequence
Of this traditional brain drain. IF we fail to revive and value our culture as the last asset for black man renaissance , we have nothing to gain in the near future .Although this drain is not peculiar to AFRICA but SHE IS THE most affected .For instance , half of world 6 ,000 languages are expected to go extinct in this millennium .Though skeptics may not believe but close to 10 languages or 9 are already extinct in Nigeria out of bout 526 local dialects .Similar gory tales loom large across the region .
By this time we need to realize that Malaria alone that kills a child in Africa every 30 seconds is not just taking more than 1% off African GDP together with other epidemics like tuberculosis sexually transmitted diseases, especially HIV/AIDS ,cancer of all types etc [that could be slicing between 10-20 % of potential growth ] but the slow nature of development and the existing unsustainability of previous development gave us utmost concern and a credible evidence of the long and tortuous road to development .The concern is: Should Africa fail to innovate as noted by Philip Emeagwali it will definitely perish .We noted that the traditional brain drain was long caused by cultural brain drain noted in the complacency of earlier civilization which can only be corrected by innovation to save the theft image that the word ‘dark age ’had bestowed on the continent especially in the post-colonial age.
………
.
General effect and International trade
It can be contended due to low capacity building , widespread economic , political crisis and large trade gap the continent is the most marginalized continent in the world .Blooms and Sachs [1988 ] noted that between 1980 –1996 it was the only continent to experience absolute trade decline whereas the volume of goods and services have grown over the years in other competing territories but in Africa has grown below the GDP .Between 1980—90 its share of world exports stood at 3percent but declined to 1.95 percent in the period between 1991—2001 .During similar period that of Asia grew from 11 percent to 18 percent in the latter period . The concentration on natural raw material commodities encouraged the decline .Dollar and kray [2001] also provided evidence that a group of developing countries that opened up their economy recorded astronomical growth . Uncompetitive economies like Africa would always stay behind due to loss of market share , unguarded trade liberalization , tariff barrier , marginalization from world markets with annual loses of more than 70billion dollars , lack of industrial goods and poor terms of trade or bad trade policies , protectionist policies , higher capital flight crisis .
To enumerate a bit , industrial goods are seriously lacking grossly from exports .The shares of manufactures in her exports since 1995 varied between 32-36 %. Whereas in south Asia the ratio stood at 78—79 % and for east Asia and the Pacific hovered around 78—83 percent with manufacturing accounting for one third of export .High transportation cost mainly affecting location of industrial activity and freight rates .Rodrik [99] commenting on the marginalization factor he observed unfavorable terms of trade , trade restriction practice of the trade policies , The GATT Uruguay Round of trade negotiation concluded in 1995 introduced new changes that led to WTO establishment .
The internal causes such as trade and exchange rate policies ; primary driven products haunted by price indetermination ; and uncompetitive nature of production. There is too much capital outflows .Collier , 1997 ]9. and Ajayi [ 1996 ]/[1997] argued a higher proportion of Africa’s wealth were stashed outside the continent in the form of capital flight and she integrated into global economy in a negative sense. They contended that capital flight varies between 24 to 134 % of GNP .This is also consistent with ECA study of 30 countries in the period of 1970—96 amounted to about 187 billion dollars .Infact it exceeds 200 percent for a group of eight countries in the ratio of capital stock to the GDP with weighted average of 172 percent for the group of Countries such as ANGOLA , Cameroon , Cote d ‘ivoire Congo [democratic] and Nigeria .In the last twelve years NIGERIA ALONE earned between 400—500billion dollars and every year 60 percent of this passive oil wealth were carted into western metropolis .Uneven flow of FDI is another challenge facing Africa over the last twenty years which ended at 2002 compared to the rest of the world .
FOREIGN DIRECT INVESTMENT---[ FDI] -INLOW
AFRICA----------------------------------THE REST OF THE WORLD
Share % ? Share %
1991—96-----$4.6b./1.8%---------------------------------$254.3b.
2000--------- 0.6 %-----------------------------------------$1.4trillion .
2002----------- $11b.----------------------------------------$651.2b.
------For the decade 1970s—80s , it reduced to half in Africa compared to the rest of the world
-----In 1980s the global FDI Stock as percentage of GDP was 5.3 percent as opposed Asia ‘s share of 28.1 percent and Latin America and Caribbean share of 8.1 percent by 2000 .And thereafter declined .
-------
-----Therefore she failed woefully to tap the economic incentives provided by FDIs mainly bridging savings gap and the ability to transfer technology
With the benefits of globalization gone to the advanced countries the world has become more unequal over the last 200 years and despite being the most endowed continent is still the poorest [together with middle east ] region in the world controlling less than 1 percent of world trade .In the paper delivered at the 7th Ojetunji Aboyade memorial lecture professor AJayi observed that open trade regime though useful will not propel a country on its path to sustained growth .Those nations that have grown faster are those that invested a high share of GDP and maintained macroeconomic stability .The anchor or the main determinant for Africa ’s growth prospects he noted must be appropriate policy measures , human capital , institutions and infrastructure .Perhaps if noted emigrants could one day return .But this is hardly possible and may not happen in their lifetime due to recklessness of local leaders .
MANAGING CHANGE IN A VOLATILE ENVIRONMENT-
Still yet to wade into the threshold of the much vaunted melodramatic changes required not only in tandem with our relationship with the environment but also to a larger extent reconsidering our policy choices ,ideological differences , our prorities and the services that bankroll them way back since the voyage of human civilisation begun .The same prejudiced self immolating kind inherent in the massacre of 6 million German jews during the second world war and the brutality of the souls with which they were executed by its hang over on human mores has not yet abated .Retroactively those policy choices and similar patterns such as SAP or the so called Washington Consensus-a reincarnation of the long forgoten generation of the Mercentalist era of Thomas Mun, still largely exist even in those nations that hardly deserve them .Poorer they become and still poorer they believe they shall die and upon this hellbent they are swallowed by the fortitude of hell , seeeking the eternal dunghill and eager beaver to preserve their self imposed male
diction of the subservient region .Their stardom is largely dependent on this imprecation .
The prejudice has not yet abated especially with the weaponisation of diseases of mordern age such as HIV-AIDS ,constantly advocating their superiority of Aryannism and a host of numerous bickering policies fueling this divisive propensities of the globe that have enslaved the destiny of mankind like never before. This fury by a terrifying proportion had not in any way abated but had only changed its dimensions and masqueraded its political depth stealthily in proximity to the laxity of psychological abrasion to shape the texture of our thinking, understanding the fallibility of human nature and to take havoc unleash to the next level .Our collective mass seemed to have been altered by vulgar indignities unleashed on the so called rejects of the world as coined by great powers .
How are we to define the word''Superior race''and ''primitive race'' and what notions do the imperialists entertain and the rashness of the rationalism that turpedoed such unwholy instinct to subdue virgin lands and which submerges the alien customs and regard its cultural values as sickos of a dumbel -a primitive brand and still yet fail to realise their unrivalled contribution to world civilisation .
It doesnt need a soothsayer to tell or salve for the blind to distinguish the superior race and the sparkling differences of those who lay the foundation of human civilisation.How so powerful are those who build the house but much more powerful are those who lay its foundation .As ejoined by the Holy book ''if the foundation is bad ,what can the righteous do''To be candid , the rootstock of world civilisation crisis is Hate crime a passionate syndrome of superiorrity exhibited by the superior builders against the pioneers of arts and culture .It the apogee of all thresholds and this threshold ,we must cross for a lasting shallom in Jerusalem .If we fail to cross this rubicon-this great threshold of racial acrimony and a baste of brisky transteritorial animosity,we are galled by and stuck by our enduring influence over time and space and incapable to build a formidable house strictly haunted by such bigotry -a lathe of hallucination that fails to recognise the original builders of the house made to pine away in the desert of no oars . Certainly ,with the growing risk of racial discord and the trojan horse of hate crime prowling the globe and the loggerheads of the two camps , human civilisation is at the risk of great collapse unless a new structure devoid of capitalism and capitalist greed is erected ,this great collapse is more real than we can think of .MARK MY WORD-it could be the exit of western civilisation.
Mending fences therefore require an everlasting bridges to be built towards ending the cacophony of racial greed and distrust of territorial agreession and is advisable for leadership and imperial rough edges to meet and expunge these differences that barricaded the hapless regions for a new dawn.We are in the ministry of purpose and all humanity lived for the purpose of what they believed .Unfortunately , the vision of my head defeats this claim and the alarm that lingers until the great western civilisation crumbles like pack of cards .Hate crime is the bane and the sordid bane of the great civilisation-its very frankeinstein's.Isee and proclaim-the end is near and requires no remorse;for it is too late and for every misdeed ,there is verdict.
With this possible crash where and when will the new structure evolve ?Will this take us another ten thousand years to build another great civilisation as mankind in general ,considering the tasky voyages waded in the earlier effort by mankind?Certainly so and certainly not depending on the prism of theoretical permutations being infered .Of course human verdict extremely differs but certainly it cannot be disputed hate crime -an upsurge of racial distrust is at the root of western economic crisis -a resolve that might make the golden age civilisation transition possible .
Why do we have to fail to recognise the giant contribution of those so called primitive races and their impact on world civilisation and every relics of histo-cedence that apprises this informed evidence has been persistently lampooned as mendacious by western anthropologists ,ethnologists and paleoanthropologists of European and AngloAmerican extraction. They have extracted so much from this rejects of history to build their homes and mordern civilisation only for them to be discarded and to claim they are those that fit to die and that death they shall die for a mightier human species to rise from their race long after their exit .
Recompense or retribution is an epistemological and eschatological imperatives of human and natural mores ;for which the end is not known until the bridges are crossed and they are abound to be confronted by similar treatment by the new great powers from Asia.It is a fact of life and accomplished fact indeed -a recyclical renewal at every twist and turn of mortal antecedence .The golden rule invariably applies and the law of karma never changes.They are bound to be treated by the new powers the same way and in attempt to revenge or react could lead to 3rd world war either related to hate crime or the greed to take the market of these developing countries -probably the last battleground of mordern wars .
Upon the asssumption of new cultural powers , a
new epoch of cultural development would soon emerge .It is practically
impossible to envisage a reocurrence of the similar checkered antecedence of
camaraderie experimented between the British and the American inspite the
isolationism of 2nd world war both Anglo Saxon to be repeated with the new
powers -a totally different tongues with diverse religion,languages ,tradition
and customs The Spanish can tell what the French did at their backyard to
spite its continental prestige upon asumption of power ;the French can
tell also what the British did to ridicule its stardom especially the
Napoleonic dynasty after the Battle of Waterloo and the Congress of
Vienna-1815 and the succour of the allied forces during the 2nd second world
war .All can tell the greater evils of the fall of great powers and the shame
that can follow .It is clear that such rapport may never occur with behemoth
China and the impending calamity looming in the clash with new world civilisations
is crystal clear .
In this volatile modern times as it were in the ancient, money in whatever forms is a highly precarious commodity instrument to manage. The basic purpose of money including its extant features hasn’t change abit for all ages .Western capitalism being its pioneer hasn’t been able to quantify the true form of money especially in its omnifarious forms beyond the cumulative appraisal of conventional money and its fiduciary issues .Hence western economists and market pundits still for ages hasn’t been weaned from the stellar performances of capitalistic prescholarship so to say.And until true form of money in all its dimensions and forms has been unearthed and the inflationary impulses they wield,there is bound to be no end to financial crisis in the global economy.To avert this loomimg threat,this requires understanding of the true nature of money and all its dimensions and by so doing ,economists and policy makers would be able to grapple with the challenges of mass poverty and inequality of wealth in modern society.
The Nature Of Money
Money is fundamental to the exchange of goods and services in modern society and object of virtue and value and curse everywhere both to accumulate wealth and poverty .Money itself by value hardly depreciates but the exchange of money perpetrated by market forces too foreign to it , does change automatically but imperfectly to reflect this changing value . When money by value declines , it is the exchange that declines by value of its flow that is affected .The consequence is that faith-a metaphysical fiduciary powers reposed in paper money also declines .It is this faith in paper money being the original intrinsic and extrinsic value which could be affected by the flow and exchange spiral, leading to inflation and economic crisis . To curb this spiral and contagion affecting the metaphysique of money and to stabilize the value of money and make inflation positive –the only phenomenon of economic growth , the liberalization of exchange of money , to perfect SONACA is the only antidote , the commodity value can then spread wealth to every consumer in an economy irrespective of economic status . Consumer spending would hardly decline as long as exchange stability[stable money supply ] is maintained and sustained .Growth in consumer spending would accelerate investment , boost savings in the long run automatically tackle recession and maintain the economic boom until an economy is willing to apply techno-cession .To understand the stability of the word ‘money ’,we must understand change cycles and its implication on other vital economic cycles and how they reflect on monetary value .
When money changes hands , it is the value that is exchanged .Exchange keeps swinging periodically affecting the monetary value even though this value is stable .How do we preserve the value and spread the value and let it bear on the exchange ? This we already resolved above .The commodity value of money which is gloriously tied to the apron string of human faith is ordinarily stable and a source of real wealth of commodity money that has not been tapped .But the circulation value of money called money supply which abets inflation influenced by unstable exchange often have an unbearing influence on the general value of money and the economy controlled by credit arbitragers .So . in real terms , the commodity value of money hardly or does not change hands to contribute real value . When this happens , the word money adopts a different and repugnant nature discouraging real wealth creation , real economic growth in place of nominal wealth and nominal growth that can only be possible if commodity value is restricted in the dunghill.
If encouraged , this boosts the transparent flows of disposable credit money in a robust credit economy for the purpose of universal welfare .
Basic Micro financial functions and economic exchange
The essence of microfinance ,not just the exchange of goods and services but basically to redistribute wealth and circulate the commodity value of money through disposable credit income to every needy economic agents .
Basic economy of exchange is sustained by extensive credit arrangements albeit haunted by structural and institutional inadequacy .In determining the value and volume of money exchanges , the annual credit income per family and annual credit income per capital both determine the quality of annual per capital national income per annum .What is the size of this disposable national credit income on a sustainable basis that can back up with each man ‘s naira or dollar of gross and net national income ? What is the turnover rate of each naira or dollar of disposable credit income annually ? Is it 5o times or 100 times turnover rate per year ? It is this ratio upward quality trajectory devoid of distress market and tight credit cycle can ensure sustainability of desired economic growth on the SONACA Para-macroeconomic indicator .This is made possible by channeling savings into redistributionist investment though not all is invested which is vital to grow standard of living .
Changing Pattern of Investment
In modern society ,we admitted those who promote creation of wealth do not promote real wealth but rather nominal wealth back up by nominal GDP growth in contrast to redistribution of wealth and circulation of commodity value of money .Real wealth has been discouraged with possible consequences of boom and burst cycles .Without real wealth , marginal savings can also take place but not real savings to promote universal wealth based on heavily restricted business opportunities. Promoters of investments have been able to dip their hands into these savings not owned by them to promote concentration of wealth while original owners of wealth languished in poverty .
There is constant flow of savings but the exchanges are not vastly different and adequately efficient in the circulation of commodity value ranging financial and microfinancial instruments to communicate values to agents . Consequently , a non-redistributionist society does not parade a uniform credit cycle or egalitarian cycle of credit arbitration in credit assets or credit evenly contracted and expanded its efficient use to over every potential needy project .LIBERALISATION OF THE ACESS TO CHEAP CREDIT is a fundamental challenge to redistributionist oriented society than the former in which circular flow of credit and credit money or income is evenly endorsed to promote capital development .This is a fundamental basis of free market economy .No free market exists without a robust national credit trade .
A free market economy until now hardly exists a farce an illusion and impossible without a robust credit trade or credit economy with extensive patronage of financial sovereign intermediation .More than 200 years after Adam Smith free market is yet to exist .This is a shame to western scholars and the pattern of investment must be determined by the nature of this free market economy .Forget about western neoliberalism .The first free market economy model is the neomarxist free market which is represented by everyone an only be endorsed in redistributionist society than a non-redistributionist oriented society that discourage ordinarily even circular flows of funds among its citizens with incentives pummeled by arbitraging bias .This is the very first reflection of free market in mortal history and the 1st generation of seven free market macro economic models evolved by market redistributionism as we endeavor to exit modern age civilization to golden age civilization under Potage Golden philosophical templates .
Mobilization of Savings and Multiplier effect .
Loan able funds arise from disposable[net ] savings [money not needed by savers over a period of times ] excluding gross savings are channeled to safe investment when mobilized by third party .The facility usually regarded as credit has not been well utilized for a long time as an instrument of wealth creation .What is the proportion of net national disposable savings to back up meaningful investment per annum in an economy ? The use of disposability is termed as gross credit oriented to promote credit income by the borrowers after a satisfactory repayment .What is the proportion of credit income required whether loans are rolled over or not to promote a befitting standard of living for the borrowers ? If sustainable after repayment , how can credit and credit income be value added enough to continually run a marginal project without recurring recourse to loans on a periodical basis ? It is pertinent to observe as we know usually that a repeated credit purchases is necessary to improved business performance .Guiding against credit risk even for tested borrowers is a great challenge to microfinancial institutions .
Most importantly , the volumes and value of microfinancial instruments to gulp the existing cumulative savings are a meager lot if not a rarity, do not exist in the financial systems world wide .The cost of mobilization of savings is too cumbersome and the use of savings does not really have value and very costly in every sector of the economy .In real sense , in modern societies , channels for their effective usage do not exist . channeling savings and net national savings to where they are most needed at the right time , at the right place , at the mass and at the right price with the least cost and satisfactory convenience to necessarily equate the targeted desired level of growth projected in an economy.
Micro financial Management in the free market society
The movement of capital credit and credit income through various grass root acts of exchanging goods and services profiting largely from disposable savings ,with the sole aim of grass root empowerment and SMEs capacity building funds deployment for optimum informal sector performance can be regarded as Micro financial management .Though can be noted as a branch of financial management having secured a foothold on its own given some appreciable disciplinary evolution over the last 30 or 40 years is finally charting its own course with vital autonomy to enable it add more economic value to general economy.
Actually , microfinance is the origin of finance to say the fact , in the much same way in which we enthuse that micro credit is the origin of the modern credit. Likewise , we need observe that informal sector is the projector , the insulator and cradle of the formal sector but as human economy grew complicated , the harbinger was left behind and modern man regarded it as too naïve and a fugitive even in its backyard; and by conniving with its siblings betrayed its legacy , this they did in the much same way as they have regarded freedom a fugitive in our world today . Informal sector was left to rot and die if indeed it can rot and die .The reclassification in the modern times is sequel to change and growth in the finance technology of the age bringing it under the shadow of a new world of civilization .
Microfinance , if fully perfected academically , technically and practically is far more effective , advanced and broader than mainstream finance and should not be grouped under it in any way whatsoever even though micro[grassroot/unbankable finance ] is n’t much different from the word ‘finance’ but not with the same level of expertise especially in developing countries with large informal sector economies . The larger spectrum of world society does not have access to it which indicates the study of finance theoretically and practically is still evolving and can only be matured until microfinance by usage and spread has found its final footing and bearing in the field of credit trade which must be discovered and thus world economy can now be rebranded and reclassified to have grown from the level of western primitive finance and jungle finance textbook and moribund nature of microfinance into the broadest field of macro finance , thereby giving birth to macro financial system from the present wobbling and fumbling inhuman structure of financial system that Robert Kiyosaki popularly regarded as a large ponzi scheme scattered all over the world to the system in which every one is represented .This inadequacy we may not know it and ignore it , is the fundamental basis of world economic crisis .
Potage Golden templates and its diverse types of macroeconomic and free market economy ’s models is to guide in the transition from the present stage of neoliberal age to the final stage (in which macro financial system is fully matured –that is to serve all) .Microfinance though gained renaissance in 1960-70s which originated finance but was denied glory and social status by existing social forces and betrayed by its own seed through the noted arbitraging , crumpling its integrity and dignity sunk for millennia before the rediscovery by Muhammad Yunus , Grameen Bank and Accion in Latin America among others in the new waves of finance technology sweeping the globe. Unfortunately the credit trade arbitragers dominating world financial system were contented to award only face saving Nobel prize to a world hero compared to Nobel price for economics despite the fact he had more even more than or could be rated in the same category like Adam Smith or Keynes .I really don t know why he had failed to receive such attention . Being the father of unexplored microfinance macroeconomics , he is far more better than these fellows because his policy or technology touches close to 80 percent of world population if well exploited .Now that he had been unfairly removed from his position at Grameen did not speak well of the way an hero should be treated .Is that how to make relevant someone who had contributed to world peace than all of western finance and economic professors put together ? To be candid , it is the greatest discovery in the field of finance and economics and the luminaries deserved noble prize for economics not once but even twice .The rebirth markedly opened a new chapter in finance and economics revolutions and a new dawn bringing finally to an end the lifelong denial by the mutineers to save world economy from landmines that economic vampires had supplanted and unleashed on its well being for the entire stretch of human history .
The way in which microfinance is being managed has a great strategic impact and redefining powers to revamp the characters of our socio-economic system and a revolutionary to affect its optimum performance in a way to transfer wealth through the disciplines of the market to the marginalized segment of humanity .This aims at maximizing the quality and quantity of economic freedom over all , restructuring where possible for the purpose of universal welfare .We shall have to evaluate existing customs and tradition out there from the study of financial institutions to the reflection of the new role and new development and set corporate governance rules for the budding micro financial institutions among us or new ones as is possible and practicable in real world .
The Study of Microfinance And Changing Technology Of Finance .
Therefore like finance and economics , Microfinance , micro financial management and micro financial economics and its ilk’s must be studied in virtually every tertiary institution of the world or relevant studies of finance modified so as to promote and broadens technical and professional expertise in the field .This is vital for a field that has more to offer in real world ,has great potential in spreading real growth ,real wealth and real standard of living among citizenry of the marginalized societies .We shall have to inquire more and improve ways in which all this dithering models can impact heavily on fundamental human rights and individual empowerment enterprise lagging behind in mainstream finance markets .
Managing Financial Crisis And Historical Review
Financial crisis with the emergence of modern age is invariably interwoven with the fabric and fate of modern society especially by way of financial contagion as it varies markedly from clime to clime .Recessions ,depressions and meltdowns are mere tags and bizarre nomenclatures as variegated portraiture of the business cycle being widely used to classify the gravity of financial crisis at a particular period .They are used to define the precarious climates in which economies might find themselves in the turbulence cycle of free market or other ways round .
In this elaborate piece let us first define the term ‘’Financial Crisis’’ prior to its intricate analysis which is necessary if we are to address ,prevent and if possible prohibit the reoccurrence of the financial crisis and its precarious impact often unbearable especially in the developing countries .
The term ‘’financial crisis ‘’ extremely differs by usage and definition across the world based on the level of each country’s exposure though varied and multidimensional by impact.Altman-1997] describes it as the simultaneous crash of related financial institutions brought down by the action and inaction of investors including its speculators and depositors probably stricken under duress in an attempt to liquidate their assets or offload their savings into safer assets .Another study captured the intensity and broadness as it applied to diverse climate confronted by crisis in which some financial institutions lose a larger chunk of their assets .For instance ,according to Aliber -2005] banking panics were responsible for the crash and many financial crisis of the 19th and 20th century and these panics also coincided with the recessions of the period .Financial crisis also includes stock market crash and financial bubble bursts ,currency crisis ,sovereign defaults –Valencia-2008].
Cases of financial crisis abound worldwide ,over the last few centuries at least eight centuries have occupied the attention of nations in the international community as they grew so despondent and desperate for faster solution to prevent future reoccurrence .The fate of modern society hangs in the balance and crises have persisted as it were from the ancient.This speaks volume of the fundamental weakness of modern civilization.
Wikipedia refers financial crisis to ‘’a broadly applied variety of situations in some financial institutions that suddenly loose a large part of their assets or some financial assets lose a larger chunk of their nominal value .It also admits that in the 19th and 20th centuries ,banking panics were associated with diverse financial panics and almost all panics coincided with recessions .Stockmarket crashes ,financial bubble bursts, sovereign defaults and currency crisis are similar types associated with such crisis .It directly occurs as a result of loss of paper wealth value but not necessarily impact negatively yet on the real economy.As crisis persists and defy all solution , the fundamental fabric of mordern civilization is similarly threatened .
It also refers to a situation in which the supply of money is outpaced by the demand for money .This now indicates liquidity evaporation orchestrated by mass withdrawals of Banks ‘ available money as they sell other short term investments to raise cash to bridge the shortfall and avoid impending crash.It is a situation in which assets value drops so easily and rapidly and also includes the erosion of the value of financial institutions. It is caused by bank runs and bank panics in which investors sell off assets or withdraw money from savings account as they envisage future drop in the value of these assets .should they remain at that particular period , in such ailing institutions panics or runs can be caused as a result of assets being overvalued or directly caused by investor vulnerable behavior .Lower asset prices can be caused by a rapid string of sell off including more savings withdrawals.If prolonged and unchecked ,economy can dovetails into a recession and even a depression .Lack of necessary liquidity in financial institutions can be attributed to economic recession or depression .Financial crisis may be
caused by natural disasters ,negative news among unknown causes .It causes a decrease in economic activities and can easily also reinforced itself .It refers to acclimate in which a large financial institutions lose a large part of its value or some institutions through financial contagion .Financial crisis is different from economic crisis which affects the entire economy .Its rampant occurrence in modern society tends to affect specific sectors of the economy .It can hit a single sector and not necessarily multiple sectors .
There is no doubt that if financial crisis persists ,it leads to economic crisis .The global financial crisis of 2008 was caused by irresponsible debtors and if trends continue ,it can perpetrate something worse than a depression .Before getting down to the brass tacks to unleash financial crisis voluminous historical exposition ,let us first observe business cycle and then types of financial crisis.For instance ,since 1870,real gross national products –GNP in the United States grew by an average of two percent per annum though it has not been smooth neither steady nor stable.These alternating period of slump ,rise and fall,recovery and succession of ups and downs movement is often regarded as Business cycle .Ordinarily ,it is expected as this influences recessions and depressions and minor economic slumps and crisis.
Business cycles have much in common ,they also vary and complex in size and depth ,have never being identical let alone precise and regular and also vary in duration and pattern of occurrence .Economists try as much as possible to forecast the movement and twists and turns of the economy .In most cases even when velocity is noted disputations often occur about its pace,longevity,level of stability and steadiness.
Ordinarily ,as the periodical ups and downs of economic activity market forces rational or irrational immensely contributed to the configuration and reconfiguration of the nature of business cycle at a time utilising the structural imbalance between aggregate supply and aggregate demand curves .The interaction between these curves tend to move economy forward or backward.
In this context ,business cycle passes through four stages and subsidiary cycles .This ranges from trough to expansion, peak and then contraction.Trough indicates a low part of the business cycle and may be called a recession,for a short term drop or for at least two or three consecutive quarters or can be termed as depression for a longer period ,very deep in decline like the great depression of 1930s .In this scenario business activity often drops ,characterized by closure of factories ,production and workforce reduction including productivity decline and high unemployment .The situation is also characterized by drops in aggregate demand due to contraction on aggregate consumer spending.Consequently the stagnation of consumer demand lowers prices to attract unwilling customers and stimulates inventories’reduction .Other features such as poor profits ,low investment ,undercapitalization and gross underinvestments cannot be easily detached from this stage .
As soon as economy cools off ,it enters into the second phase –expansion .It start slowly with its silver linings as merchants who once sold off excess inventories during recession will now restart reordering ,reinvestments and gradually restocking their shelves . New investment access, profiting from the launching of government programs to stimulate spending automatically boosts the economy .The return of animal spirits in a conducive environment can boost the dire need to borrow repayable in anticipation of future profits fuels aggregate demand in the long run.This upside is attributed to output expansion ,income growth ,and increase in business investment and high employment.The growth in aggregate demand in the long run is responsible for bigger drops in high unemployment .Cheap funds mobilises investment at a relatively low cost .The scenario drives up consumer prices faster and creep up wages even faster.
Peak is the final expansion and the limit of expansion which is characterized by scarcity of some factors of production further growth cannot continue when full employment of available resources had been reached.The peak cannot go on forever like the trough.Challenges abound such as the corporate high costs of labour and raw materials .Consequently ,the rate of aggregate demand begins to slow down by tight labour cost and equally slowing down the rate of finance.Car sales and housing prices also drop giving smart investors the capability to read the danger signals.
Contraction is the result and opposite of the peak period .At this stage ,characterized by excess inventories ,slumping sales ,investment automatically slumps ,the same for production as aggregate supply exceeds aggregate demand .As the flipside of expansion phase , optimism vamoosed at the end of contraction period .These stages are perennially recycled.
We agree that business cycle swings is the origin of financial crisis including the unpredictability and the unworkability of market forces that aggravated this position so that it will be very hard to predict the unforeseeable years ahead .Our earlier assertion noted that it is because market forces are not rational .There had been assumption that the hurricane-like and tornado-like natural phenomenon was exerted as a reflection nature’s cause even though it may not comprehended by mankind struggling to survive and simply can do nothing about it.For instance , in the United States ,business cycle recorded runaway boom and bursts from 1815,1837,1893,1907 and then 1929.She experienced financial panics in an alternating periods of prosperity .It is also believed that as an integral part of capitalist enclaves ,no one could out law business cycle .Even the extreme fluctuation that western economists though are controllable have never ceased to spin out of control especially with the emergence of meltdown only indicates the fundamentally nature of free market still requires surgical operation eco-psychiatric rehabilitation not as it were over the previous centuries.Otherwise it ought to be suspended by or for marsolism-a better panacea and can indeed be even by the acrimonious troughs of nature ushering in new trend line.
Since world War 11 the American economy has not experienced a depression of the likes of 1930,apart from its common recessions as recorded in 1949 , 1954, 1958,1961 ,1970,1975,1982,1990-92,and the 1999-2000 dot com burst menace. Though it was claimed that economists who monitored business cycle movement have not been able to do proper curtail and meltdown was a living evidence .As long as recession keeps turning up ,marsolism believes the frequencies and the unpremeditated frequencies of the meltdowns and possible depressions cannot be detached from the unpredictability of business cycles for development or cultural cycle that can acts as neuter to this sole economic is still yet to be theorized and moreso,knowledge cycle as ultimate panacea has not not been theorized either .Any avoidance of this common perils cannot be possible without the adoption of marsolism in a fast changing new world order .
EXTERNAL AND INTERNAL CAUSES OF BUSINESS CYCLE
According to different schools of thoughts the causes of the business cycle have been linked to both internal or external factor-forces beyond the control of the economy. Such as crisis, wars, weather ,foreign trade conflicts , immigration rate and threat, population time bomb, new growth resources ,technological innovations have been linked to these causes .Therefore these external theorists or theories imply that it cannot be controlled or predictable.
The opposing school of thoughts places much emphasis on the external causes such as flow of money theory ,total spending theory and wage rate theory and a host of psychological factors .Either causes of the opposing internal or external have contravened and linked to inequalities of wealth .But does wage ,total spending, and flow of money theory ever really matter? We critiqued data sources and unveil reason .How tenable are they with the benefit of history and the maturity of the millennia?
TYPES OF FINANCIAL CRISIS
Financial crisis offers its manifold and popular types of banking crisis tend to occur when the system is overheated .We shed light on evolution of bank crisis ,
Bank run occurs in a fractional reserve banking system .This entails simultaneous withdrawal of their deposits by a large number of bank clients either by cash demand or funds transfer into government bonds .Consequently , this precipitates a run on the Bank .They can also put money in a safer investment ,a safer institution or precious metals etc
It progresses if not curbed and even far more dangerous ,building its momentum as number of clients withdraw their deposits and potentially default. A bank runs out of cash ,insolvency rears its ugly head as institution reaches for the exit door .Examples of Bank runs such as the United States Bank runs in 1931 and the embarrassing episodes of Northern Rock that happened in 2007 .
In case of Bank panic ,it happens when several Banks experienced Bank runs at the same time As banks experience run and panics , clients withdraw deposits and convert them into cash to escape and this worsens the situation.If prolonged it can lead to systemic banking crisis .Systemic banking crisis indicates that the entire system is technically affected and virtually all banking capital is wiped out .The consequences of bankruptcies can lead to economic recessions as domestic businesses starved of capital and banking system shuts down .If prolonged , depression or greater depression results and the total crash of an economy .
So Banking crisis as a type of financial crisis builds from bank runs into bank panics otherwise known as mass bank runs and then through financial contagion leads to systemic distress .Inspite of the struggle to revamp the quality and quantity of Banking regulation in modern times by policy makers and central bankers ,this form of financial crisis has not yet abated especially in this volatile 21s century .
BUBBLE BURSTS
Another form of financial crisis is the bubble bursts popularly known as speculative bubble.A major contributory factor to this phenomenon is the presence of market buyers who purchase assets in hope of an expectation to sell at a higher rate .This is often preferred instead of future income computation and the amount it can generate during the envisaged period .Of course for every bubble there is a possibility of a crash in assets prices .They can buy as many as they desire but when the sell the market will fall .It s almost pretty difficult to predict the bubble burst outcome the quality of asset prices and its fundamental value .
Speculative bubble burst samples abound worldwide involving bubbles and crashes in the stock market and asset prices crash .For instance Reihart and Rogoff trace inflation to the Dionysius of Syracuse of the 4th century BCE which begin the eight centuries in 1258 in addition to the debasement of currency which also occurred under watch of Roman Empire and the remains –the Byzanthine empire .They trace it down to earliest crises onto the 1340 default study of the Bank of England-an indication of her setbacks with France in the hundre years war.Infact the defaults lasted seven defaults and this was by imperial Spain including four under Philip 11 and three under his successors. –
The voluminous trends unmasked the imperfection of free market .Others include -14th century Banking Crisis-the crash of Peruzzi and the Bardi family of Compagnia dei Bardi in 1345, Dutch Tulib bulb crisis in 1630s ,the 18th century crisis such as South Sea Bubble -1720-U.K.,Mississippi Company-1720-France,Crisis Of Amsterdam ,begun by the crash of Leenderert Pieter de Neufville which spread to Germany and Scandinavia ,Crisis Of 1772 was begun by the crash of Bankers Neal ,James ,Fordce and Down ,Panic of 1785 and 1792 in United States,,Panic Of 1796 -1797 in both U.K. and U.S.,Danish State Bankruptcy of 1813,Post-Napoleonic depression –Post 1815 Panic of 1819-Bank failures precipitated by U.S.recessions and led to first boom to burst economic cycle ,panic of 1825 in which almost banks failed including Bank of England a pervasive economic threat,Panic of 1837-another recession linked Bank failures succeeded by 5 year depression ,Panic of 1847-unmasked the crash of financial markets in the U.K.which truncated the 1840s railway industry boom ,Panic of 1857-a recessionary Bank failures ,Panic of 1866 was a global financial downturn which followed the failure of Overend,Gurney and Company in London ,Long Depression-1873-1896,Panic of 1873-Bank failures linked also to recession in the U.S.seconded by 4 years depression ,Panic of 1890,Recessionary panic of 1893, Australian Banking crisis of 1893,Panic of 1896.
Now in the 20th century others include ,the panic of 1901,another American recession was begun by the battle for financial control of Northern Pacific Railway ,Panic of 1907-the last recession prior to great depression ,German inflationary crisis of 1920s, Wall Street crash of 1929 and Great Depression of 1929-1945-the worst in modern history ,the crash of Vienna Stock market on Black Friday , 9th of May ,1972,1973 oil crisis,1973-74 stock market crash caused by oil crisis ,1973-75 Secondary Banking crisis ,Latin America debt crisis in 1980s beginning from Mexico in 1982-the Mexican weekend ,Bank Stock crisis-Israel-1983 ,the Japanese Bubble burst of 1980s and the 90s,1987-Black Monday as the largest one day percentage decline in Stock market history ,1989-91 U.S. Saving and Loans crisis,Scandinavian Banking crisis of early 90s involving Swedish and finish ,Early 90s recession,1992-93-Black Wednesday –a sort of speculative attacks on European Exchange rate Mechanism ‘s currencies,1994-95 Mexican crisis ,Asian 97-98 financial crisis led to Asian Banking crisis and the Russian financial crisis .In the 21st century,the Turkish 2001 economic crisis , 1999-2002 Argentine economic crisis ,the 2000/2001recessions and dotcom bubble and the asset price bubble and late recessions-2000 which caused the real estate boom in America,energy crisis of 2000,the Indian property bubble of 2005,the British property bubble of 2006,Irish property bubble of 2006.housing bubble , U.S.housing bubble of 2007,the former Florida Swampland real estate bubble ,Spanish property bubble of 2006,China Stock and property bubble of 2008 ,Rhodium bubble of 2008, the Uranium bubble of 2007, the 2008 Subprime mortgage crisis in the U.S.,Australian first home buyer property bubble of 2009 , 2007-2008-Global economic and financial crisis ,Icelandic financial crisis -2008-2011,2010 European sovereign debt default crisis till date, Greek Government debt crisis of 2014, Russian financial crisis and Chinese stock market crash of 2015.
INTERNATIONAL CRISIS , SOVEREIGN DEFAULTS AND CURRENCY CRISIS
International financial crisis includes currency crisis , sovereign defaults fall under this survey .While the currency crisis or balance of payment crisis as regarded is a situation in which as a result of speculative attack on its currency a nation is forced to devalue its currency under the regulation of fixed exchange rate.But sovereign default implies that or can be regarded as a situation when a country fails to pay back its sovereign debts but i .These nomenclatures are driven by the voluntary decisions of governments and not voluntary decisions of private investors .This means sovereign investors ‘sentimental change in decisions can result in capital inflows or suddenly fuels capital flight phenomenon .
In the period 1992 /1993 season ,several currencies of the European foreign exchange rate mechanism .Consequently , were forced to devalue or withdraw from it .The currency crisis in Asia in the 1997/98 financial crisis precipated by the devaluation of Thai Batch, the Russian financial crisis of 1998 and those in Latin America defaulted in early 80s was caused by Rubble devaluation etc .The financial crisis of the 19th and 20th centuries were in most cases associated with Banking panics and diverse recession also coincided with the panics .
But the crash of stock market ,financial bubble-burst ,sovereigh defaults and currency crises which directly result in loss of paper wealth which often does not results in real economy changes are often regarded as financial crisis.Many economists have questioned its sources and how it occurs and also development of theories and how it could be prevented .Still they share no consensus on methods of resolution –a major reason why they have persistently occur from time and time calling for economists to unite .,,.
The currency literature explores these details for researchers, central bankers and policy makers .
RECESSIONS AND DEPRESSIONS
In the exposition of the market ,we unmask here the nature of recessions and depressions as noted above .As coined by Anna Schwartz and Milton Friedman –exponent of monetarism –they argued that the crash of 1929 was caused by first bank runs ,then Bank panics and later aggravated by systemic crisis .In the 20s America had 30 ,000 Banks at its peak and by 1933 almost 13,000 banks had crashed in that crime against humanity in the greatest depression in America .Therefore they believed it was caused by policy recklessness basically the monetary policy blunders of The Fed .Ben Benanke former Fed. Chairman under whom meltdown exploded also concurred in like manner that central Bankers were to be held responsible for this fiasco .
During financial crisis government can use its political power to prevent widespread contagion.For instance the Tesobono Swaps which were instrumental to the Tequila crisis in Mexico in 1994 was bailed out by the American presidency to avoid contagion .Unfortunately when Thailand defaulted on the Baht in 1997 and later devalued its currency ,there was no such intervention since they hardly shared borders .
CAUSES AND CONSEQUENCES OF FINANCIAL CRISIS
Rather than been regarded as causes, sources such as Wikipedia among others are strategically contented to regard them as mere types and not causes .The main causes now include –leverage; Strategic complementarity and self fulfilling prophesies ;moral hazard ;Asset liability mismatch ;Herd behavior and uncertainty ; Over regulation, under regulation and regulatory failures ;Systemic risk and financial contagion; theories of financial crisis ; Games of self-coordination ;Herding models and learning models .
But before expository perusal ,it is also expedient that further market or creation of new market for diversification of risk spread or competitive risk spread can better handle these consequences and even avoid or reduce or where appropriate eradicate the causes .On a single day of August 21 , 1998 ,as a result of runaway or break away plain vanilla interest rate swaps ,long term capital asset management LTCM –a large hedge funds an invention of Nobel prize winning economists –futures and options inventors , crashed and lost over 500million dollars in a single trade .With that single collapse ,global apocalypse thus was begun which coincided with the 97/98 Asia financial crisis and in Russia and Brazil.
During the period –Alfred Steinherr –high finance rocket scientist published her book and examined the derivatives markets .In 1998 she noted the sheer size of over the counter-OTC derivatives market in terms of contracts outstanding stood at 80 trillion dollars At the end of 1998 had become the most important market prone to highly contagious and virulent crisis ever experienced in history .Widespread failure of policies and successive policy regimes had persisted and aggravated this climate .To be precise in 2007 OTC derivatives market ballooned to 600trillion dollars .Even after the storms including losses and unwinding that still towered above 500trillion dollars .Yet it has no oversight
We shall examine the causes and consequences of financial crisis as noted below.
THE BANKING SYSTEM STABILITY ,DISTRESS PREVENTION AND THE ROLE OF MONETARY AUTHORITIES IN DISTRESS PREVENTION
Financial panic ,financial distress or banking panic and banking distress is not new nor restricted to Nigeria like elsewhere around the world .Truly speaking ,financial liberalization is a global development that has come to be associated in particular with the economies where banking crisis is prevalent .However , contrary to ancient method of finance ,there is a widespread belief that banks occupy the very pillar of universal economic development and the bedrock of modern civilization .Strategically ,through their indispensable roles of monetary inclined disposition ,wealth and financial engineering technologies and techniques such as creator of money , allocation and mobilization of savings ,principal savings depository ,financial advisory role,credit management ,financial intermediation and the managers of the nation’s payment and settlement system ,they ve been able to oil the wheels of modern commerce .In short , based on this operative architectural mode , it can be also regarded as the general financier of the economy and the lubricator of the financial system .
Nevertheless the Banking system and the stability of banking and the effectiveness of Banking in an economy is quite the same as the quality of Banking regulation in that same clime ;so that alteration or enhancement in the latter has a reverberative effect on the former .In this context the conduct and the practice of banking is subject to existing banking regulation in that clime and with the growth in the quality and quantity of banking services experimented at a particular period. This remains the ultimate risk and boon of banking regulation hinged upon the quality of adjustments ,disclosures , reforms and tardy change that can be mustered at a given period .
Consequently, this entails a robust policy and institutional platform to support regulatory quality ,regulatory arbitration mobilisable in the mechanization of appropriate policy making process ,policy planning ,policy consensus planning , visible policy making critique and rational policy analysis under control of its regulatory authorities .It is a major leverage in the regulatory regime of the monetary authorities being altered as deem fit to ensure regulatory and institutional sanity, soundness, efficiency and safety of the macroeconomic or financial system at large . In this regard ,the primary responsibility of the banking regulators is basically systemic distress prevention for the purpose of macroeconomic and price stability in an economy .This is necessary in an attempt to safeguard against the hurdles of Bank panic ,Bank runs and Bank distress that can trigger total collapse of the nation’s banking industry and its credit payment system.
Therefore the prudent management of assets and liabilities and the ability of BANKS to guarantee the safety of depositors funds ought to constitute the paramount objectives of the deposit money banks as they go about the performance of their banking activities and the statutory role of financial intermediation .As a vital public resource for the maintenance and sustenance of Banking confidence, it must not be impugned, as regulators avoid regulatory arbitraging and ensure institutional compliance with the stringent provision s guiding Banking activities. Or that Banks play by the rules .The maintenance of this confidence –a scarce resource is required for the health and wealth of the nation’s financial system. The moment the confidence crashes our financial system also automatically crashes .Banks ‘failure and insolvencies worldwide based on historical review had been strategically linked to such confidence fiasco and with it the bedrock of the nation’s Banks .
Sometimes ,confidence impairment can disrupt efficient functioning of the financial system especially in a volatile highly underdeveloped financial market.Since Banks are the conduit and the catalysts through which monetary policies are communicated via the transmission mechanism onward to the broader economy ,macroeconomic instability and financial contagion can destabilize the entire system.Banks failure can impair the health of the system .Consequently the attainment of price stability can become an elusive nightmare as the ultimate goal of bank regulators is defeated in an unpredictable financial system .
In the words of James Akpan Adams to quote verbatim’ ’the insolvency of a bank has far more reaching consequences on the economy than mere losses to the shareholders and creditors of the Bank .Bank distress and failures has serious adverse effects on economic development .For instance , large scale Bank failures limit the ability of banks to create money ,jeopardized the payment mechanism and disrupt lending activities’’.
UNDERSTANDING THE CONCEPT OF DISTRESS ,CAUSES AND PREVENTION
Before we embark on the journey of discovery the root causes of Banking panic ,bank runs, and Bank distress it is expected and naturally expedient in this candid section of the paper to define distress , causes identified and proffer measures for distress prevention .
In a normal parlance ,the term ‘distress ‘refers to an unhealthy or precarious situation .So to be precise a distressed institution is a vulnerable institution caught in the midst of survival storm and unhealthy situation. This is an institution whose daily practices and performance are not in tandem or compatible with industry norms and established standards and so therefore lacks a good clean bill of health .Now let us apply this concept to the Banking industry our focal point of study and the exposition and review of available research literature .
Banking Distress ,Causes And Prevention
Calomiris -1989 defines distress in the financial services as an unhealthy situation or weakness in the organisation’s condition that prevent it from achieving its set goals .Lenston et al -1986 concluded that the firms distress as a situation of complete or near total loss of shareholders funds .Ajasin -1993 differs and observes that it is a condition of cessation of autonomous operation and loss of continuance with the assistance of relevant monetary authorities such as NDIC.Ologun-1994 says an unhealthy financial institutions is noted by managerial weakness and severely truncated operational ability .
In a compendium ,to put it succinctly it is the exhibition of ‘’severe financial ,operational and managerial weakness and inability to meet both owners’ and customers obligation and the rest of the economy at large-Adams-2003].When this happens at the level of individual bank distress ,its contagion can spread so quickly to infect the entire system if not quckly identified and resolved .Bank panic and Bank run from a single Bank runs can precipitate the crash of the system if it spreads uncontrolled or uncurbed .Aja-Nwachukwu -1993;12]admits systemic distress could result from a Bank failure in particular and spread too quickly to infect the entire system through financial contagion .This may become negative to pose some threats to the industry stability in general.Consequently the nation’s payment system maybe affected including savings mobilization and financial intermediation services –Balino-1987]
Distress in Banking can be likened to Banking illiquidity and insolvency and the fear of depositors for the loss of their deposits .This therefore leads to breakdown of contractual obligation ,subject to bank panic,then bank run and distress.-Ebhodaghe-1997;57;Ibikunle-2014]This unhealthy situation begins due to bank’s inability to meet customers obligation as fall due.That is illiquidity on one hand .On the other hand , this leads to insolvency as it brazenly manifests when Banks’realisable asset value is far below or less than its aggregate liabilities .The inability of a Bank to meet customers obligation as an early sign of distress is a reflection of this two way factor syndrome crisis prompting interbank indebtedness and tardy or dead depositors withdrawal disability. Weak depositors base ,poor management and inability to meet requisite recapitalisation requirement.
There also a handful of performance criteria widely used to determine the operational fitness or bank deficiency .This build upon the basis of two factor crisis syndrome crisis to include low earnings , huge operational cost and losses ,weak management ,poor internal controls ,insider abuse .
Regulatory Mechanism And Distress Prevention Measures
In the light of the foregoing , dual factor syndrome crisis is a central bane in a banking distress .However regulatory measures widely used to avert Banking crisis are technically being subject to critique by finance pundits worldwide . Inasmuch as they have positive implication are also confronted by logjam of drawbacks especially in a banking climate that has been heavily deregulated-Ibikunle-2014] .
While sect oral policy of deregulation was seen as a means to check undue advantage of shareholders and a boon to depositors .The capability of depositors on the other hand to critically assess the Bank’s risky portfolio can be subject to restraint driven by several factors .Adams;2003 admits that the capability of depositors to adjust for appropriate rates to compensate against default risk could be hampered in such scenario and with deregulation may be vulnerable institutions with inherent liability structures and lulled into distress borrowing.-a condition that often fuels the dual factor syndrome crisis which can sets in and hence the crash of the ailing institution.-CBN;1995;Ibikunle;2014].
In this context ,government intervention is rational to protect depositors fund against default risk .This insulates the system against envisaged drawbacks inherent in market mechanism and a proven evidence that market mechanism is unreliable and inefficient .
There is no doubt that the debate about government intervention dates back to the days of David Hume and Adams Smith and the generation of classical economics that followed them and later neo-mercentalists and the former includes economists such as J.B. Says . ,David Ricardo ,Thomas Malthus and even before Thomas Mun ‘s Mercantilism and its followers also contributed immensely to the importance of government intervention in the economy like the Keynesians .This was leveraged to bridge likely failure of the market and correct its anomalies ,relative to the capability of the market to effectively allocate resource over times .The statutory responsibilities of the CBN such as CBN licensing and revocation of Banking licenses and the practice of deposit insurance by NDIC are prominent forms of self regulatory activities in the system .The concept of deposit insurance is embedded in its essence .If this prevent Banks from excessive risk taking it automatically also increases their chance of failing –Adams;2003;Whetlock;1992;Mishkin;1997].
Further studies have also unearthed that Banks have greater incentives to take bigger risk and bigger bet than they otherwise could manage .or than they otherwise would when insurance premiums are unrelated to expected cost of failure to the insurance system . –Belong;1998,Balino and Sundaravajani;1991 and Adams;2003].In this context,the concept lowers risk and cost of deposit and wildly encourages Banks to use depositors funds to heavily finance their activities in contrast to equity and non-deposit liabilities .According to the studies ,Banks therefore prefer to hold riskier assets ‘’when deposits are insured ‘’It concluded ‘’unless regulation hinders risk taking deposit insurance could precipitate more Bank failures than otherwise would be’’While Nwankwo-1989 admits the countrywide banking historical evolution is determinant of regulatory pattern in such country it might be difficult to subscribes to Calomiris-1989 that supports a viable condition for deposit insurance that can be better exploited by strict enforcement of regulation .It is risk if one dares to believe and express disputation with the meltdown crisis in the U.S. which portends the unworkability of even regulation .To further dispute Wheecock -1992 support for effective supervision by regulatory authorities to beat banks into compliance with legal framework as by ibikunle2014 - including its effective impact one can critique also leaves much to be desired often counteract public interest .Even when Bank regulators ,devise prudential standard to avoid insolvency and main banks’adjusted book value .This followed fixed rules such as :Capital Adequacy ;Asset Quality Management Competence ;Earnings ability and Liquidity position abbreviated as CAMEL.Any adverse deviation from this critical and required standard level ,then the Bank begins to experience symptoms of bank distress –Ebhodaghe ,1997].
Methinks , the disputation is justified with the study Rojas-Suarez-1998 when it fails to exonerate over regulation.or admits sound CAMEL are not still good indicators of Bank’s bill of health sometimes induces systemic instability .Contrary to Mishkin-1997 of those who think regulators and Banks managers have adequate knowledge ,information and sufficient resources for technical supervision and self regulatory functions better think again and such foibles can be compounded by moral hazard or the so called principal agent challenges. Sheng -1990 unmasks the objective of supervision tends to be destroyed by over regulation and failing depositors assets,competitive banking ,promote monetary instability and a weak financial system.
Noel Sacasa –IMF Senior financial sector expert on Capital Market and money market department in the piece ‘ Preventing Future Crises ’ also admits the need for ‘effective regulation ……………to realize the potential of an open financial markets’’He further noted ‘financial innovation and integration have increased the speed and extent to which shocks are transmitted across asset classes and countries blurring boundaries between systemic and nonsystemic institutions .But regulation and supervision have remained geared towards the individual financial institutions .The regulatory mechanisms do not adequately consider the systemic and international implications of domestic institutions’ actions ’’ He therefore provides direction for proposed reform .In what went wrong ’unraveling the crisis and what reform proposals should address and include causative factors not included needed to correct the destabilizing trends in the markets and regulation .Here he notes-First ,global macroeconomic imbalances resulted in lower interest rates during the past decade inducing more risk taking and contributing to the creation of asset price bubbles worldwide .Second,changes in financial sector structure and the failure of risk management to keep up with financial innovation during the past two decades rendered the system more prone to instability .And third ,leveraged financial institutions have inherent incentives to take on excessive risk without internalizing systemic risk which is the main they need to be regulated’’. Sacasa like previous studies all agree that with the risk of moral hard ,soft landing can be difficult and then still calls for appropriate or effective regulation .How effective is the regulation without understanding the foremost theoretical contraptions that underpinned these regulations as it were over the ancient .Dealing with systemic risk or not as to avert fast credit growth and prevent asset class bubble burst does not make regulation efficient .There is no doubt about it that modern financial products such as securitization have contributed immensely to the risk taking tendencies and bourgeons risk of moral hazard though unarguably have improved access to credit but the risk of volatility associated with market forces is certainly a far greater problem in the years to come .Contrary to Sacasa it is not true efficient dispersal of risk in favour of institutions that could manage them from a transfer of burden of the destabilizing shift of risks from the institutions that could not manage them ‘’to the reversion of some of these risks to banks that had supposedly offloaded them’’ promoting high uncertainty among participating institutions correctly counts and hardly can this be a one size fits all .
The swing and shift in monetary policy is responsible for the growth of credit market debt in the stormy decade under Sacasa review when some economies ran persistent current account surpluses .This led to cumulative financial assets issues in deficit countries especially financial assets in America .Low interest rates was responsible in heightening moral hazard and accelerated excessive risk taking and ballooned fast credit growth .Sacasa notes this ballooned households and non financial entities’ credit market debt from 118 to 173 percent of GDP between 1994 to 2007.Household credit debts since 2000 accelerated even more ballooned in seven to 136 from 98 percent .The U.K.also experienced staggering growth from 120 percent to 180 percent and in the Euro zone rose from 72 to 91 percent of GDP.Sacasa and his ilks are maiden statistical behemoth consumers and yet could not grab nor come term with the grievous cost that monetary policy shift and its excessive regulation can cause or is causing the modern markets.It is the central motivation of excessive risk taking and asset price inflation and the best structural changes that can be to avoid Adam Smith theory of market forces and can save modern free market economy from total crash.This structural abstinence can allow all modern reforms to work in the long run when market forces are replaced by market rational forces .
Almost all recommendations and resolutions proffered to end banking and financial crisis dwells solely on the need for efficient regulation and nothing more and to be bemused that it is the primary catalyst and panacea cannot be nothing more than hallucination and object of malediction inviting the new round of crisis . With these new technological trends financial institutions can excessively regulate and manage themselves and disregard systemic risk and leverage can increase moderately without burden of asset price bubble burst and with flat interest rates and trading of micro financial assets , where virtually all credit sectors are supplied to bridge inequality of wealth in modern society .This allows for holistic review of financial market ,its system and its restructuring to adopt marsolist macroeconomics .
Cross-country data analysis by Balino-1991 and empiricism of banking and financial crisis from Argentina to Chile ,Malaysia ,Spain ,Philippines to Thailand and Malaysia inspite of diversity of antecedence observed similar trends .This evaluates the macroeconomic condition causing distress ,the regulatory framework ,the intensity of the crisis and standard approaches .The findings revealed following challenges ;weak management ,inadequate capital base ,poor asset quality and liability management,political interference, macroeconomic instability , fraud and insiders abuse ,inadequate legal framework ,delayed supervisory method of actions towards bankrupt institutions.In Argentina , the decline or loss of loan portfolio which feeds from general economic development environment..
The Eurozone Debt Crisis
The still exploding global financial crisis started with the credit crunch in the United States and the crash of subprime mortgage market during the summer of 2007 and became much intense in September 2008 with default by 140 years old Lehman Brothers and having undergone different phases spilled into the real economy and global economy at large evidenced by ongoing recession in almost industrialised economies .With the cheap interest rates leveraged policy ,has monetary like fiscal policy been better having countered the menace with unprecedented vigor ?Why would fiscal policy be allowed to widen public deficits only to set up bail out packages to rescue failing financial institutions inspite of rebounded economic activity of 2010 and what happened thereafter?
Now in 2011 tensions in sovereign debt markets accelerated with the concern of long term debt sustainability worldwide given the fact most of these countries entered the market crisis with huge public and private debt .This further aggravated the scenarios threatened financial and macroeconomic stability as most financial institutions heavily traded the troubled government bonds .Government debt to GDP ratios are now much higher than before the crisis and historically high with the benefit of guarantees added more potential liabilities With the growth of ageing population which a rising cost for the states over the next 3 decades ,there is evidence this problem can be worsened with the growth of public debt .In a cursory look at the State of public finances in the Euro area according to IMF debt to GDP ratio ranges or varies markedly acroos the region.In Estonia is about 6 percent ,152 percent in Greece-the worst economy in western Europe in 2011 and about 87percent aggregate in the Euro area .Nevertheless the public debt burden is a global issue ;in the U.K. stands at 83 percent,100 percent in the U.S.and 229 percent in Japan.This can be a great burden to central bank in view of its ability to maintain price stability at all times
Moreover ,the Eurozone debt crisis can be linked too much dependent on foreign capital and that ‘s the same problem that precipitated the Latin American crisis of the 90s especially Argentina ,Asia 97-98 financial crisis, and later the meltdown .Not understanding how to restructure knowledge and macroeconomic cycles can be major problem and of course it is as they profited cheap capital guaranteed by monetary authorities. Although inflows of capital is from the Eurozone but it has subjugated the capability of the borrowing governments to handle turning surpluses into massive current account deficits as crisis deepened. Almost all the country in the region are inmesss of spiraling deficits now with the emergence of the Eurozone over the years and only Germany seemed to be enjoying the show of a creditor nation.The sovereign influence of the Eurozone countries is fast eroding with the slide into obscurity of their financial independence
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