With the change in vision and goals for the new year and others ahead, I decided to move this blog to a new domain. Our new location is at http://www.theinsidescoops.org . Please feel free to visit the new site so we can continue the discussion about objectivism.
A lot of us grapple with the question of “How can we make something of value for the world?”
This usually stems from the question, “How do I get rich?”
Indeed, that is pretty much the formula. Coke makes money because they quench the thirst of millions of people around the world. Toyota makes money because need to make travelling easier. Safaricom makes money because people want to talk to each other even if they aren’t in the same room or building. Continue reading
Nothing around you is certain. People walk swiftly to their cars with keys in hand and take an entire two minutes to open the doors. They probably thought they would get it right in ten seconds. Some wake up and walk to the bus stop to get a bus to work. There is a certain expectation that they will get a bus on time and get to work on time. Truth is, sometimes the buses come full or the traffic starts early. We don’t know for sure whether our assumptions about the future are precisely correct, we just apply.
The same scheme of behavior works for greater systems such as the stock exchange. Some companies come on strong on their first day in the market with a legion of investors reaching out for a piece of the juicy IPO share pie. No one is quite sure that the prices will ascend but they still apply for it. And sure enough there have been enough cases where these bullish traders record losses after a year of holding on to their stocks. Continue reading
An economy is understood as a system of exchange where values move in a forward and backwards fashion. For instance, it can move from buyer to seller and back. The current monetary system does not accomplish this goal.
What makes a monetary economy
Essentially a monetary system cannot function without a governing body which oversees the flow of money. An association that advocates for certain selfish values can be formed by a small group of people and if it gains enough viral traction from a larger set of members it can impose the values as rules upon the remaining minority. This is what happens with the monetary system. Those who were in possession of political power decided to disseminate the idea that they have the responsibility to provide a uniform representation of value (money) straight out of the blue. The responsible body is known as the Central bank or, in the U.S, the Federal Reserve. Continue reading
There has been a heated debate over gun control in the United States. Homeland security is an issue that is challenging many more countries in the world too. The U.S is not alone on this. Take a look at Egypt, Algeria, Syria, Somalia, Sudan and Kenya. We live in a system that perpetuates crime. In the long run, it is the reaction of people towards the judicial system that determines their resolve to improve or worsen the situation.
Oppression eventually leads to crime. Oppression in this case is a word I use to represent the subjection of conflicting values upon another human being. A critical assessment by the affected victim of any experience he is subjected to via other people will inevitably lead to a conclusion that either results in crime or a productive coexistence with his environment.
It will surprise you that the most developed nations of the world happen to report the highest crime rates in the world. These are countries with advanced economies and technologies. The poverty levels in these countries are very low. Most people live on a comfortable household income that allows them to pursue secondary motivations. So the real question is what exactly precipitates such high crime rates? Continue reading
In Kenya there exists a slum that goes by the name Kibera. In Nubian dialects the terms Kibera refers to a jungle. One look at this extent of land covered in shanty houses and dirt paths will let you know that this description is not so far from the truth. The living conditions of people in Kibera are comparable to those of wildlings. There is rampant poverty amongst the residents and this has been the case since the seventies. Most Kenyans will agree that it is the side of their country that they would much rather not be reminded about. Yet the western hemisphere has been unable to look elsewhere and ignore this ever present image of African poverty. They continue marveling at the extreme affliction its residents face every day. Continue reading
We are living in a world that is experiencing a huge division in terms of wealth. Billions of people die of hunger each day while billionaires make more billions each year. In any nation we have a government and an economy. Economies give the citizens of the country their daily bread. The government takes a bite of that bread while ensuring they butter the system that leads it to you. That system will include public schools, public transportation, public communication utilities and civil laws that protect workers to name a few. Have you ever asked yourself what would happen if some of the wealthiest corporations in the world came together to fund the infrastructure of a newly discovered island in order to create an entirely new market from it? It wouldn’t be that hard to get people from other countries to move to the island if they were promised jobs and good social living standards. But it wouldn’t change a thing in terms of personal wealth and inequality. The rich will still remain greedy and comfortable while the poor suffer fear and hunger. Continue reading