MAP 17 sdgs & The Economist youth's first 1000 moon landings ground 7 worlds 1 planet

University of Stars
2020s 5G 4G 3G 2G 1G 0G 1970s
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these are the most exciting times to be alive
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definition of extinction RISKS - can 21st C SUPERCITY save us?
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world's most valuable innovations
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University of Stars is convened by a network of people who developed the genre of doing good (sustaining the greatest human purposes) of global brand leadership - we also benefited from the personal mentorship of the person whose media connections transitioned The Economist from 3rd ranked weekly britsh newspaper to one of a kind global viewspaper

we offer a 2nd knd of agency - the other way round to what superstars get from commercial agents concerned with their image and immediate monetisation, informed by valuetrue analysis of expoential impacts and goodwill conseqeunces

WHY -to start with look at how depressing the lives of stars like tiger woods, michael jackson, whitney houston and many others becomes when they are are increasingly isolated from ordinary people and grounded community realities - many stars dont make new friends or get the chance to learn new interests with lifelong meaning once they become famous 

we have studied mass media's impacts on peoples including the constituencies on the right since the start of the BBC and we note various accidents that have ultimately become very costly (non-economic, non-sustainable) particulalry for the constitiencies on the right. Instead of multiplying goodwill and whole truth, mass media systems have spiralled into inconvenient truth, dumbing down of our children and externalisation of conflicts and compound risks of a sort that will destroy what nature (as evolutionary judge) valued most about humanity as we linkin a hyperconnected world. This is also why we have debated since 1984 optimistic scenarios of how could internet media connect a first borderless net generation  in 10 times more productivity and heroic millennium goals uniting investment in youth around the world washingtondc hotline 1 301 881 1655 linkedin   ushahidi 

we aim to design multi-win dynamics between these different constituencies


budding superstars

young artists who dont breakthrough to top stage


children (educators) and their heroes

public mass media

CEOS and others whose deision-making sponsors stars and determines reality of a glbal market sector's purpose


Benchmark Projects of University of Stars include;

Artists Peace Corps and Sing for Hope of Monica Yunus

Hear me now networks of The Green Children

Nordica for good supporters networks of Olympian Carolina Kluft

note: our experience is that most media models suffere from a double chalenege - nodody wants to be first to jojn in, then once celebarted everybody wnats to join in; however Uiversity of stars projects search for the greatest goodwill multipliers of the net genartion - once linked in toe ach other they can help resolve the crisis of our open source white paper : wars between goodwill and badwill networks keynoted to 500 Gandhians in Delhi in 2004 and presented to various expert risk networks



The truth is we have been exponentially destructing quality of commnities and societies in richer nations at an exponentially collapsing rate. One way of understanding this is to compare what percent peoples of an nation like USA spend on what today versus 75 years ag- a time before mas media's expoenetial increase in costs and before expoenetially increase in spends on arms and armed forces. I am old enough to recall when the headlines made the foirst time an english soccer player made 100 pounds a week!  Now please lets first of all agree that was ridiculously under-payment , before we get to today's sports and fashion stars being ridiculously overpaid.

Now the University of Stars model does not argue that we should be taxing superstars. But it does argue that we need to look how the wealth exchnages between 3 groups could be beter spent for all. Before a person becomes a superstar (which can be an extraordinary lonely life separated from most peopes), they were an emerging star, and before that they were a member of a class of youth of the same age.

 One of the models of university of stars is why not youth of tyeh same age take a pledge- whichever one of us becoems a superstar we will adopt this unknow hero whose solutions youth employment (or some other milennium goals) needs much more good news all of the world. With that identified ahead of time; teh emerging superstars ld be mentored on their woprldwide travels by friendly peers of the unkown hero. They could emerge to live the best of a superstars life and someone who had chiosen a great life mission before being mobbed by everyone wanting sponsorship of a good cause.

 Another element to this model is where a superstar (now being in touch with a grassroots cause) enourages many of the artists who dont wquite make it to serve this cause by joining in to.

Onlyu if we use university of stars models wiill the following win-wins start to happen

 I as a apernt will be able to pinmt my daughter to some eral herines or heroes worth following; of course she can still choose but at the moment all she and her peers see is whomever's image is spent most on

  The world's greatest unkown community solutions would get some freedom of speech - almost every community crisis has a solution out tehre somewhere- we need to network down degrees of separation on transfering life-critical solutions across localities as smoothly as stars are courently transfered!

The superstar would probably find they enjoyed a better quality of life than scanadlous stories we hear trapping many superstars today.

And although it might seem very indirect if we can giove young people moer choices about how they can eran a livelihood bu building community (rather than signing up for the army as the only job vacancuy in te region) mabe we could get start getting back to social quality rising in every community.

One of today's criises is taht we have 1 millionbtiems more colaborative technology than whemy footballing hero firste arned over 100 punds a week but ever fewer real oultets tfor valuing colaboration in the community. Children, mother, families suffere most from this. I do not know of any time in history when the most valuable of all entrepreneurial organsiations has been the family. For some reason macroeconomists dont count families (and so quality of community systems) in the way that rank nations performace. Muddled up in all of this is that accidentally we in develoed nations have become the first to be rapoidly disinvesting in the futures of youth. This is the most uneconomical way nations can behave- it ensues that the future of your nation will be decline and fall.

Letting young people discuss the univesrity of stars paradox is critical to entrepreneurial dynamics that we have been cataloguing since 1976. Tell us if university of stars is a mdoel that people in a place decide they want to map more examples of. In USA I would start with

singforhope and thegreenchildren but in neither case has mass media helped them yet; and the crisis may be taht yuoiu need a minimum critical mass of public medi before university of star models can start multiplying each others benefits. At the end of teh day, every new media the government licens out extracts some of teh compmons unless enough of it is kept public. Since 1976 the laregst aprt of my career has beefocused on mathematicval models of what compoound impacts diferent ypes and executions of media have.  The way that bad news has taken over from good news is scary; as is the way that image has taken over reality. I spen my last year of teh 20th centiry editing a triple special issue of journal of marketing managemnt on this topic - let leave conversatiosn between media profesisonsla to those who have browsed the evdience in more depth than a post like this can convey




After 9/11 we convened netwirks around 3 youth university concepts:
  1. Univesrity of Poverty
  2. University of Peace
  3. University of Stars

Over time. we found that all networks were happy to merge within university of stars 

 Wars (except when they end a hitler) are one of the biggest ways of disinvesting in youth . Help us search for whom in Europe understands the urgent lead the continent that gave the 20th C 2 world wars now needs to take if peoples are to be free to be productiuve in a borderless world. Specifically economics must get beyond "externalisation: and every way that professionals expert in separation compound risk at boundaries

Forum for the Future of Democracy 2011

Speakers’ biographies

Michalis ATTALIDES, Rector of the University of Cyprus

Michalis Attalides is Rector of the University of Nicosia and holder of a Jean Monnet

Chair at the University. He has been a lecturer in Sociology at the University of

Leicester, a counterpart to the UNESCO Expert at the Cyprus Social Research Centre

and a Guest Lecturer at the Free University of Berlin. He has represented the Republic

of Cyprus as its Ambassador in a number of capitals, including Paris, London, and at

the European Union before being appointed Permanent Secretary of the Ministry of

Foreign Affairs. He has written extensively on political and social issues in Cyprus.

Tanya BASARAB, Development Officer, European Anti-Poverty Network


Tatiana Basarab is the Development Officer at the European Anti Poverty Network

(EAPN) since 2007, focusing on membership development, enlargement of the

Network, building participation of people living in poverty and financial sustainability of

the Network members and fundraising work. Previously she has worked and

volunteered in the youth sector, focusing on organisational development, national youth

policy and legislation and institutional relations. She began her career working on rural

and community development in Moldova.

Kamel BESBES, Professor, Science Faculty and former Dean, Monastir

University, former Deputy Mayor of Monastir, Tunisia

Kamel Besbes is Professor and Director of the Micro-electronic and Instruments

Department, University of Monastir. He has previously held the post of Dean of the

University. Professor Besbes is active in civil society and was deputy mayor in

Monastir until that municipality, along with many others, was dissolved in June 2011

following a decree by the Interim President of the Republic.

Thomas P. BOJE, Professor in Social Science at Roskilde University,


Thomas P. Boje is Professor of Social Science (labour market and sociology) at

Department of Society and Globalisation, Roskilde University, Denmark. He was a

member of the ESA Executive Committee 1995 – 1999 and again 2007-2011. Thomas

P. Boje was the first editor in chief of European Societies. He has been international

coordinator for the CINEFOGO Network of Excellence financed by EU through the 6th

FP and has previously been partner in four different EU research projects. Are present

he is working on projects on "Active Citizenship, Volunteering and Civil Society" and

"Work-Care relations in Europe".

Anne BRASSEUR, Chairperson of the Alliance of Liberals and Democrats for

Europe Group of the Parliamentary Assembly of the Council of Europe

Anne Brasseur has been a member of the Luxemburg delegation to the Parliamentary

Assembly of the Council of Europe since 1993 and she has been president of the

Alliance of Liberals and Democrats for Europe since 2009. She was first elected the

City Council of Luxembourg in 1976. From 1999 to 2004 she was Minister for National

Education, Vocational Training and Sports, Luxembourg. She is president of the

Association des Femmes Libérales.


Marcus BRIXSKIÖLD, Swedish Government National Special Advisor on

Democracy Policy

Marcus Brixskiöld is the Swedish Government National Special Adviser on Democracy

Policy. From 1999 to 2011 he was Director at the Ministry of Justice, responsible for the

Division for Democratic Issues and Human Rights. He has drawn up national action

plans and implemented legislation, projects, studies and research to strengthen and

defend democracy in Sweden. Other relevant positions include Special Advisor to the

National Delegation and Committee for Human Rights (2006-2010) Chair of the

Government Interdepartmental Committee for Human Rights (2000-2007), Member of

the Nordic Council of Ministers Committee for Democracy (2003-2004), Delegate to the

Council of Europe Steering Committee on Local and Regional Democracy (1996-2011)

and Special Adviser in the Swedish Parliamentary Committee on Local Democracy,

2010 to present.

Mevlüt ÇAVUSOGLU, President of the Parliamentary Assembly of the

Council of Europe

Mevlüt Çavusoğlu was elected President of the Parliamentary Assembly in 2010. Hehas been a member of the Turkish delegation since 2003. Mr Çavusoğlu represents

Antalya Province in the Turkish Grand National Assembly. He is a founding member of

the Justice and Development (AK) Party and was first elected to Parliament in 2002.

He has served in the Ministry of Environment on behalf of the United Nations

Development Programme (UNDP) and he has been a member of various nongovernmental


Sotiroula CHARALAMBOUS, Minister of Labour and Social Insurance of the

Republic of Cyprus

Sotiroula Charalambous was appointed Minister of Labour and Social Insurance in

2008. Previously, she worked with the Pancyprian Federation of Labour (PEO) and in

2006 was elected its Central Organizing Secretary. As a deputy of the House of

Representatives, she has served as Chairwoman of the Committee of Labour and

Social Insurance, Chairwoman of the Committee on Equal Opportunities for Men and

Women and as member of the House Standing Committee of Financial and Budgetary


Demetris CHRISTOFIAS, President of the Republic of Cyprus

Demetris Christofias was inaugurated President of the Republic of Cyprus in 2008.

Previously, he served as President of the House of Representatives for two terms and

prior to that he was elected to the House of Representatives as an AKEL-Left-New

Forces party candidate. In 2004 the Department of International and European

Economic and Social Studies of the University of Macedonia, in Thessaloniki, Greece

awarded him an honorary doctorate.

Andreas CHRISTOU, Mayor of Limassol and Head of the Cypriot delegation

to the Congress of Local and Regional Authorities of the Council of Europe

Andreas Christou was elected Mayor of Limassol in 2006. He has also been elected

deputy in the region three times. From 2003- 2006 Mr Christou was Minister of Interior.

He was for many years President of the Committee of Institutions and Values of the

House of Representatives, President of the Sub Committee of the Temporary Staff of

the House and a member of the Committee of Foreign Affairs. He was the

Spokesperson of the AKEL Party and a member of the National Council.


Anna COOTE, Head of Social Policy, the new economics foundation, United


A leading analyst, writer and advocate in the field of social policy, Anna Coote is Head

of Social Policy at the new economics foundation (NEF). She was Commissioner for

Health in the UK Sustainable Development Commission (2000-9) and Director of

Health Policy at the King's Fund (1998-2004) before joining the Healthcare Commission

to lead their work on engaging patients and the public (2005-8). Ms Coote has also

worked as Senior Research Fellow and Deputy Director of the Institute for Public Policy

Research, editor and producer of current affairs television and Deputy Editor of the

New Statesman (1978-82).

Alejo CUERVO, Publisher, Spain

Aleja Cuervo has a small publishing house ‘Ediciones Gigamesh’ and owns a

bookshop specialising in fantasy and science fiction literature. He is active in Spain’s

‘los indignados’ movement.

Mary DALY, Professor at the School of Sociology, Social Policy and Social

Work at Queen’s University, Belfast

Mary Daly is Professor, School of Sociology, Social Policy and Social Work, Queen’s

University where she is also Chair of the Education Committee, member of the

research cluster ‘Contemporary Social Issues and Social Policy’ and a member of the

Senior Management Group. Professor Daly is a member of the Sociology Sub-Panel

for the 2014 Research Excellence Framework (REF). She was Chair of the Council of

Europe’s High Level Task Force on Social Cohesion in Europe.

Helen DARBISHIRE, Executive Director, Access Info Europe, Spain

Helen Darbishire, Executive Director of Access Info Europe, is a human rights

professional specialising in access to information, freedom of expression and media

freedom. She has worked with Article 19 (London and Paris, 1989-1998) and the Open

Society Institute (Budapest and New York, 1999-2005) and as a consultant with intergovernmental

organizations (including UNESCO, Council of Europe, OSCE and the

World Bank). She has published and lectured widely on freedom of expression, access

to information, human rights and democratization.

Antonina DASHKINA, President of Russian Union of Social Pedagogues

and Social Workers

Dr Dashkina is President of the Russian Union of Social Pedagogues and Social

Workers and Director of the Russian European Trust for Welfare Reform. From 2003-

2008 she was a member of the Board of the International Federation of Social workers

(Europe). From 2008 to 2011 she was vice-chair of the Social Cohesion and

Eradication of Poverty Committee of the INGOs Conference of the Council of Europe.


Kenneth DAVEY, Expert, European Committee on Local and Regional

Democracy (CDLR), United Kingdom

Kenneth Davey is a retired Professor of the School of Public Policy at the University of

Birmingham where he was Director of the Institute of Local Government Studies.

During the last two decades Ken Davey has worked almost continuously on local

government reform in Central and Eastern Europe on behalf of British Technical Cooperation

and the Open Society Foundation. He is a long-standing consultant to the

Council of Europe European Committee on Local and Regional Democracy (CDLR).

Nurnaz DENIZ, Founder of Urban Cosmopolitans, Amsterdam

Nurnaz Deniz is founder of Urban Cosmopolitans, an NGO which strives to sustain

dialogue and ongoing exchange in and between cities through international

collaboration and coproductions of artists, writers and intellectuals. She developed and

managed a project on a national scale for Kunstenaars&Co, Amsterdam, which aimed

to professionalise young artists with a dual cultural background. Formerly, she worked

in the field of welfare, on children's education, women's emancipation and youth

delinquency. She is also a writer of fiction (Ayla en Hugo, Amsterdam, Bezige Bij


Hugh FRAZER, Adjunct Professor, National University of Ireland, Maynooth

Hugh Frazer is Professor at the National University of Ireland, Maynooth and also

works as an independent expert advising national, European and International

organisations on social inclusion policies and strategies, with a particular focus on child

poverty. Until 2006 Professor Frazer worked as an EU policy expert on the Social

Inclusion Process. He was Director of the Combat Poverty Agency (1987-2001) and the

Northern Ireland Voluntary Trust (1979-1987).

Ahmed GALAI, Vice-president, Tunisian League for the Defence of

Human Rights (LTDH)

Ahmed Galai has been a member of the Steering Committee of the Tunisian League

for the Defence of Human Rights (LTDH), since 2000 where he is currently responsible

for education and training issues. He is also a member of the Coordination of Magreb

Human Rights Organisations (CMODH) which was created in 2006 in Morocco and

which regroups 25 NGOs in 5 countries.

Andreas GROSS, Chairperson of the Socialist Group of the Parliamentary

Assembly of the Council of Europe

Andreas Gross has been a member of the Swiss delegation to the Parliamentary

Assembly of the Council of Europe since 1995 and is currently Chair of the Socialist

Group. He is a member of the Political Affairs Committee as well as the Committee on

Rules of Procedure, Immunities and Institutional Affairs and the Committee on the

Honouring of Obligations and Commitments by Member States of the Council of

Europe (Monitoring Committee). Andreas Gross is a member of the Swiss Federal



Kostyantyn GRYSHCHENKO, Minister for Foreign Affairs of Ukraine,

Chairman of the Committee of Ministers

Kostyantyn Gryshchenko was appointed Minister for Foreign Affairs of Ukraine in 2010.

Formerly, he was Adviser to the Prime Minister and has been Ambassador to the

Russian Federation, USA, Belgium, Netherlands and Luxembourg. His professional

career includes other diplomatic posts and various activities in UN specialized bodies

and in other international organizations.

Bouli HADJIIOANNOU, journalist, Cyprus

Bouli Hadjiioannou is editor in chief of Cyprus Weekly. As a journalist she has covered

the work of the House of Representatives and Cyprus’ accession to the European

Union. In 1980s she was Reuter’s Cyprus correspondent. She has also worked for

Cyprus Broadcasting Corporation and Athens Municipal Radio.

Dina HAFFAR, Senior Advisor/Programme Team Leader, Intercultural

Cities, Copenhagen

Dina Haffer is senior advisor for Diversity Programmes, Copenhagen and is

responsible for the coordination of that city’s participation in the Intercultural Cities

project - a joint action of the Council of Europe and the European Commission. Her

background is in environmental planning and she has previously worked on the

implementation of the political and financial strategies for the modernisation of the

Danish tax system.

Jean-Marie HEYDT, President of the Conference of International Non-

Governmental Organisations (INGOs) of the Council of Europe

Jean-Marie Heydt was elected President of the Conference of INGOs in 2009. He

represents the European Association of Training Centers for Socio-Educational Care

Work at the Council of Europe. He is Director General of the Bas-Rhin Family

Association, Strasbourg. He has a doctorate in education science and teaches

European social policy at the Université de Haute Alsace.

Martin HIRSCH, former High Commissioner for Youth (France) and member

of the Group of Eminent Persons on ‘Living together: Combining diversity and

freedom in 21st-century Europe’

Martin Hirsch was the High Commissioner for Youth in the government of Francois

Fillon where he was in charge of setting up the ‘Revenue de solidarité active’. He left

the Government in March 2010 to head the state's Civic Service Agency. He is a former

High Commissioner for Active Solidarity against Poverty and former head of Emmaüs

France. He is a member of the Council of Europe Group of Eminent Persons on ‘Living

together: Combining diversity and freedom in 21st-century Europe’.


Thorbjørn JAGLAND, Secretary General of the Council of Europe

Thorbjørn Jagland was elected Secretary General of the Council of Europe in 2009. He

was the President of the Norwegian Parliament from 2005 to 2009. Mr Jagland was

Prime Minister of Norway from 1996-97 and Minister of Foreign Affairs from 2000-2001.

He is Chair of the Norwegian Nobel Committee, which awards the annual Nobel Peace


Jane JENSON, Professor of Political Science at the University

of Montreal

Jane Jenson is professor of political science at the University of Montreal and in 2001

was appointed holder of the Canada Research Chair of Citizenship and Governance.

She is former editor of
Lien social et Politiques - RIAC, a France-Quebec review of

social policy. She directed the Family Network of the Canadian Policy Research

Networks from 1999 to 2003, and has been a visiting professor at many European

universities, as well as Harvard University where she held the Mackenzie King Chair of

Canadian Studies. Her research and publications address issues of social solidarity

and social justice.

Vuk JEREMIĆ, Minister of Foreign Affairs, Republic of Serbia

Vuk Jeremić has been Serbian Minister of Foreign Affairs since 2007 and served as

Chair of the Committee of Ministers from May to November 2007. Before his current

post he was adviser to the Minister of Telecommunications and prior to this from

2003he was Special Envoy for Euro-Atlantic Affairs in the Ministry of Defence. He has

also served as Senior Foreign Policy Adviser to President Tadi
ć. In 2004 he was

appointed Chair of the Foreign Affairs Committee and in 2006 he was elected to the

Main Board of the Democratic Party.

Joseph JOSEPH, Ambassador of the Republic of Cyprus in Greece

Joseph Joseph has been Ambassador of Cyprus to Greece since 2009. Prior to this, he

held the posts of Jean Monnet Professor of International Relations at the University of

Cyprus (1995-2009) and Minister Plenipotentiary at the Ministry of Foreign Affairs, EU

Division (1993-95). Mr Joseph has published extensively on international relations, the

European Union, Cyprus and EU-Turkish relations.

Csilla KOLLONAY-LEHOCZKY, Member of the Council of Europe European

Committee of Social Rights

Csilla Kollonay-Lehoczky is Professor at the Legal Studies Department of the Central

European University. She has been a member of the European Committee of Social

Rights since 2001 and since 2004 a member of the Gender Equality Legal Experts'

Network of the European Commission. She is part of the international academic

advisory board of ETUI-REHS, the research institute of the European Trade Union

Confederation. She is author of several publications on labour and social law as well as

gender equality.


Erato KOZAKOU-MARCOULLIS, Minister of Foreign Affairs, Cyprus

Erato Kozakou−Marcoullis took office as Minister of Foreign Affairs on 5 August 2011,

having been Minister of Communications and Works since 2010. Prior to these posts

she was Head of the Working Group on Property, in the UN−sponsored negotiations

being held since 2008 between the Greek and Turkish Cypriot communities. She

previously served as Minister of Foreign Affairs in 2007-2008. She has served as

Ambassador to Lebanon and Jordan (2005-2007), USA (1998-2003) and was

accredited to the World Bank, the IMF, ICAO and the Organization of American States.

Dr Kozakou−Marcoullis has published many studies and articles on the Cyprus

Problem, Foreign Policy and Cultural Diplomacy. She has also received many Honours

and Awards in the United States, Cyprus and other countries.

Jacek KUCHARCZYK, President of the Board of the Institute of Public

Affairs, Warsaw

Jacek Kucharczyk is President of the Executive Board of the Institute of Public Affairs,

one of Poland’s leading think-tanks. He is board member of the European Partnership

for Democracy (EDP) in Brussels and one of the founders and board members of

Policy Association for an Open Society PASOS, an association of think-tanks from

Central and Eastern Europe and Central Asia.

Ophélie LATIL, Génération précaire, France

Orphélie Latil has an MA in Political Science and a law degree. After graduation the

only openings available to her were internships. Appalled by the lack of opportunities

for stable, remunerated work she became a spokesperson for Génération Précaire, a

pressure group created in 2005 to denounce practices that have led to a sub-salaried

group, always available, constantly renewed and without any rights.

Niccolò MILANESE, Director of European Alternatives

Niccolò Milanese is one of the founder directors of European Alternatives, a civil

society organisation which brings together philosophers, artists and social activists to

imagine and campaign for a transnational conception of European politics. He is also

Senior Editor at The Liberal magazine.

Salvör NORDAL, Director of the Ethics Institute, University of Iceland

Salvör Nordal is Director of the Ethics Institute, University of Iceland where she teaches

history and philosophy. In April 2011 she was elected chairperson of Icelandic

Constitutional Council which has reviewed the new Constitution of Iceland and which

made full use of democratic participatory tools such as crowd-sourcing through social

networking platforms. Thus, the Icelandic draft constitution is the first crowd-sourced



Mohamed OUZZINE, Secretary of State, Ministry of Foreign Affairs,


Mohammed Ouzzine was nominated State Secretary of the Ministry of Foreign Affairs

and Cooperation in July 2009. From 2002 – 2007 he was adviser to the Minister of

Agriculture, Rural Development and Maritime Fishing. He is president of Oued rural

commune and a member of the political bureau of the Mouvement populaire. From

1993 to 1999 he was professor of communication and politics, working in English. He

has studied in Morocco, USA and Germany.

Constantinos PHELLAS, Professor of Sociology and Dean of the

School of Humanities, Social Science & Law, University of Nicosia,

General Rapporteur of the 2011 Forum for the Future of Democracy

Constantinos Phellas is Professor of Sociology and Dean of the School of Humanities,

Social Science & Law, University of Nicosia. He is President of the Cyprus Sociological

Association. His research interests include sociology of health & illness, ageing &

sexualities. Dr Phellas has taught extensively at the University of Essex, City University

and the University of London. His publications focus upon the intersection of gender,

culture, and issues of sexuality among ethnic minority communities, HIV/AIDS, and the

social & psychological aspects of public health domain.

Kyriacos PIERIDES, Journalist, Cyprus Broadcasting Corporation

Kyriakos Pierides is a journalist, political analyst specialising in EU affairs and

presenter of a weekly TV Talk Show "Code Europe" on CyBC TV Cyprus. He is

involved in a series of EU funded projects to upgrade journalistic skills on covering

poverty and social exclusion. Mr Pierides has published many articles and worked on

several TV documentaries on EU Social Policies including in the field of gender

equality, immigration, asylum and youth. He wrote a book on Cyprus EU diplomatic

relations in the light of Cyprus accession (Livanis Publishing House, 2002).

Carlo RUZZA, Professor of Political Sociology at the University of

Leicester, United Kingdom

Carlo Ruzza is Professor of Political Sociology and Head of Department at the

University of Leicester. He is the co-coordinator of the political sociology section of the

European Sociological Association. His research addresses changes in modes of

political participation and their related theoretical aspects, particularly the process of

institutionalisation of social movements and implications for democracy.


Lenia SAMUEL, Deputy Director General, DG Employment, Social

Affairs and Inclusion, European Commission

Lenia Samuel has been Deputy-Director General in DG Employment, Social Affairs &

Equal Opportunities since 2005 and is responsible for the European Social Fund. Prior

to this she was Permanent Secretary of the Ministry of Labour and Social Insurance,

coordinating social issues relating to Cyprus' accession to the EU. She has long

participated in the standard setting activities of Council of Europe and in 1997 edited

the Council of Europe publication "Fundamental Social Rights".


Elizabeth SPEHAR, Director, Americas and Europe Division,

Department of Political Affairs, United Nations

Elizabeth Spehar joined the Department of Political Affairs (DPA) of the UN Secretariat

in 2007, as Director for the Americas and Europe Division (AED). Since 2009 she has

headed the newly-formed Europe Division, which counts among its responsibilities

identifying and developing dialogue and preventive diplomacy initiatives in Eastern

Europe and supporting the UN’s facilitation efforts on the reunification of Cyprus. Ms.

Spehar also serves as the Department’s focal point for democracy, and chairs the

United Nations Democracy Fund’s Programme Consultative Group as well as the Inter-

Agency Working Group on Democracy of the Executive Committee on Peace and

Security (ECPS). Prior to joining the UN Secretariat, Elizabeth Spehar was a senior

official with the Organization of American States (OAS).

Guy STANDING, Professor of Economic Security, University of Bath,

United Kingdom

Guy Standing is Professor of Economic Security at the University of Bath and a founder

member and co-president of the Basic Income Earth Network (BIEN), an NGO that

promotes a citizenship income for all. He also was coordinating editor and main author

of the ILO’s “Economic Security for a Better World”, 2004 report. He has worked as a

consultant with UNDP, the World Bank, the Asian Development Bank and OECD.

Peter TAYLOR-GOOBY, Professor of Social Policy, University of

Kent, United Kingdom

Peter Taylor-Gooby is Professor of Social Policy at the University of Kent and chairs

the HEFCE Research Excellence Framework “Social Work and Social Policy and

Administration” Panel. In 2009-2010 he participated in the Prime Minister’s ‘progressive

consensus’ Round Table and advised the PM’s Strategy Unit. He currently holds a

Leverhulme Trust Major Research Fellowship “Social Cohesion at the Crossroads”.

Samuel THIRION, Social Cohesion Development and Research

Division, Council of Europe

Samuel Thirion joined the Council of Europe in 2002 where he is developing tools and

guidelines for the development of progressive societal practices, including shared

social responsibility. His responsibilities have included drawing up methodological

guides to social cohesion indicators and setting up a European dialogue platform on

ethical and solidarity-based initiatives, two projects that are part of the Council of

Europe’s Social Cohesion Strategy.

Hans-Jörg TRENZ, Professor, Centre for Modern European Studies,

University of Copenhagen and Adjunct Professor, Arena, Norway

Hans-Jörg Trenz is Professor in Modern European Studies at University of

Copenhagen and adjunct professor at the Centre for European Studies (ARENA),

University of Oslo, where he coordinates research on political communication, public

sphere and democracy in the context of European integration. His main research

interests are media, communication and public sphere, civil society, European

civilization and identity, migration and ethnic minorities, cultural and political sociology,

social and political theory, democracy and constitutionalism in the European Union.

His main publications include The New Politics of European Civil Society (2010);

Europa in den Medien (2005) and Das europäische Integrationsprojekt im Spiegel

nationaler Öffentlichkeit (2002).


Alexander VLADYCHENKO, Council of Europe

Alexander Vladychenko joined the Council of Europe in 2001 and was appointed

Director General of the Directorate General for Social Cohesion in 2004. Prior to his

work at the Council of Europe, he held senior posts in the Ministry of Foreign Affairs of

the USSR and later in the Embassy of the Russian Federation in Switzerland.

Keith WHITMORE, President of the Congress of Local and Regional

Authorities of the Council of Europe

Keith Whitmore is Head of the UK Congress delegation and was elected President of

the Congress in 2010. He has been a Congress member since 1996 and previously

held the positions of Vice-President, Chair of the Institutional Committee and Chair of

the Sustainable Development Committee. He is also a member of the Policy

Committee of the Council of European Municipalities & Regions (CEMR) and Vice-

Chair of the CEMR Governance Committee as well as a former member of the EU

Committee of the Regions. He has been an elected member of Manchester City

Council for over 30 years.

Jordi XUCLÀ I COSTA, member of the Spanish delegation to the

Parliamentary Assembly of the Council of Europe

Jordi Xuclà i Costa headed the Convergència i Unió list for Congress for Girona in the

2004 general election and was re-elected in 2008. He is the spokesman member of the

Spanish Parliament on the Foreign Affairs Committee and Defence Committee, and

member of Constitutional Committee and European Union Committee. Mr Xuclà i Costa

is a member of the Spanish delegation in the Parliamentary Assembly of Council of

Europe and Vice-Chairman of the Alliance of Liberals and Democrats for Europe. He is

a lawyer and associate professor of Administrative Law at the University of Girona.

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What Everybody Needs to Know First About Economics

Economics designs peoples futures but this depends on what logics are analysed- here are the logics The Economist used in the early 19080s when it discussed how the net gneration could be the most productive time for youth


A nation/place cannot sustain growth unless its capital is structured so that family's savings are invested in their next generation's productivity. Norman Macrae's 1954 book on The London Capital Market provides chapter and verse. Historically it was timely as London's industrial revolution had planted most of the developed world's laws and financial instruments. Futurewise this book became a source for Norman's forty years of leadership challenges including 3000 editorials. THese became branded in the 2 genres of entrepreneurial revolution and future history of the net generation genre which he focused on from 1972. They script in practical details most of the changes that economists would need to make to historic rules if globalisation is not to collapse the worldwide financial system of 2010s

Norman framed his writings on future purposes huan most wanted around the idea that The Net Generation to 2024 would face change on a scale never previously experienced by our human race. To prevent risks and celebrate job creating opportunities Norman proposed in his 1984 book (The 2024 Report) that the world should unite around youth's most exciting millennium goal. He explained why economics would design the most popular futures if the goal was chosen as racing to end poverty everywhere. Reasons included: its possible, its exciting, it creates jobs post-industrial generation will need to design around collaborative technology, it can empower youth to joyfully unite cultures as we become borderless (more connected than separated), it aligns economics principles with nature's exponentially (compounding) rules of evolutionary selection which are community-up and open.

 download more profiles of 100 collaboration leaders of 2010s = youths most productuive decade 


We are shocked how few people know of the main findings of the renowned economist Maynard Keynes- increasingly only economics riles the world and the greatest risk to the future working lives of our children comes from elderly macroeconomists who hire themselves out to the biggest who want to get bigger.

Historically when faulty systems of macroeconomists ruined civilisations they fell one by one. But Einstein took Keynes logic further and hypothesised that the first generation to become more connected than separated by technology would be subject to a final exam. Now if we let erroneous macroeconomists rule whole continents of nations will collapse.

By 1976 my father (Norman macrae) -probably the last student of economics mentored by Keynes-  was writing at The Economist why the next half century would see the net generation tested - he called upon the genre of Entrepreneurial Revolution (ER) networkers to sort out the greatest  innovation challenge economics - and so the human race - will ever face .




The opportunity of 10 times more productivity for the net generation (with million times more collaboration technology than man's 1960's race to moon)

.The THREAT is preventing the threat of collapsing continent-wide system of value exchange. By 2020 the (exponential track impacting future) sustainanbilyty of every village around the globe will likely be lost or won

..logo3responsibility.jpg...How could we be experiencing record youth unemployent when we are living in a time of a million times more collaboration tech than a generation ago? According to research by Entrepreneur networks started at The Economist in 1976, we are 36 years off track in compounding 2 unustainable systems whose follies multiply each other
  • that caused by non-economic media which also distracts us with glossy images and soiundbites instead of future realities and integrated cross-cultural and inter-generational understanding - full briefing here
  • World's biggest maths error compounded by macroeconomists and all global professions with a ruling monopoly - see below
Discuss: what does everyone need to know about the way economists think and behave. Understand 2 opposite segments of E : The Unacknowledged Microeconomist and the Fatally Conceited.MacroEconomist

Keynes - because economics will incresingly rule the world, the greatest danger to the futures of youth is elderly macroeconomists where fame maks them compete to superpower over peoples  

 Boulding: ****the historic significance of capitalism is precisely a society in which exchange has become a more important source of power than threat**** in his book economics as science

Von hayek- given the fatal conceit in my profession, I really think you shouldn't be doing this - awarding me a first Nobel Prize in economics 
freedom of speech and everything about the future you want, NOW depends on enough people knowing how to play the value exchange game - and why that isnt exactly what the game of monopoly teaches - an exchange is where each side says I wants something from you so let's work out what I can do for you and purposefully improve on this over time through hi-trust communal feedback
debate difference between true capitalism and phoney capitalism
  • agree on a picture like that on the right- we have seen cases where one of the 10 coordinates shown felt the system had betrayed their greatest trust, and so zeroised the organsaition or network (even ones that accountants had been reprorting record profits ahd $100 billion equity
  •  start discussing multi-win models - see our 4 favorites from 36 years of debates with entrepreneuruial revoltionaries
  • choose say 12 markets whose future purpose is most vital to sustaining your children - and use media to agree what the greatest human purpose and corresponding mkilennium goals are that need investing in to fee each market and youth's working lives in serving the most valuable purpose
  • get those (including all parents?) who save across generations to throw out speculators from banking systems and capital markets - eg next time there is a bailout (which means taking your childrens money to refinance a bank) wipe out shareholders; let them set lawyers on old managers and any politicians their pr's lobbied; keep savings accounts safe; restructure bank so that it invests in youth productivity and sustaining communities not bubbles, and not trapping people in debt

Goodwill explains up to 90% of value impacts of any organsaition in a networked economy- yet no nation yet requires that organisations it licences to audit goodwii. 20 years of research has proved the following reciprocal relationship - the purposeful question" who would uniquely miss what if your organsaition did not exist?, has the reciprocal question why let your organisation contnue to exist if it has broken my life-crtiical trust it promised to serve



valuetrue capitalism maps how each side win-win-win from other sides communal purpose over time -this  goes back over 250 years to the criteria of free markets adam smith demanded freedom of speech questioned - he talked about the transparency of community markets where a rogue trader might fool some of the people but not for long and not for too big to fail! - the journal of social business edited by adam smith scholars at his alma mater Glasgow University advises people of any other tongue how to build up from adam's hi-trust ideas to such constructs as sustainable global vilage networking first mapped by schumacher (another keynes alumni) - we have a library of free articles for you to choose and translate from

phoney capitalism spins a monopoly, a non-free maket - one side rules by saying I want to take more and more from all of you- esentially this is what rules when global accountants audit only how much one side has profited/extracted withouth how much has it sustains other sides- phoney capitalism can only result in exponentai meltdown becuase so much has been extracetd from system that its unsustainable for human lives or for nature or for both

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    - in the 1990s I was working with big 5 accountants; I argued for a missing audit they needed to do as regularly as their monetisation audit; I called this how goodwill modelling multiplies value around a gravitational purspoe ewhise gials all sides want to progress over time; it turns out that in knowlege scetors over 90% of the future is bayesian predicatbale on quality of goodwill relationships-3 yeras before andersen crashed I usd this model to warn them that if they stoped multiplying conflicts around true and fair they would be zeroised by society- I didnt succeed in getting my advice to be acted on but at that time unseen wealth publications made by brookings and georgetwon had just been banned by the incolimng bush adminsitration - who didnt like to be told that without the second aidt risks would compound unseen- every collapse USA has seen a hand in during 2000s (and viralised to other nations since 2008) can be traced to this mathenatical error

    what can be done about this mess
    -debate difference between true cpaitalism and phoney capitalsim
    choose say 12 markets hose future purpose is most vital to sustaining your children - and use media to aggree what the greatest huan purspose and corresponding mkilennium goals are that need investing in
    get thse who save across generations to throw out speculators from bankiing systems - eg next time there is a bailout (which means taking your childrens money to refinace a bank) wipe out sharehilers; let them set lawyers on old managers and any politicians their pr's lobbied; keep savings acconts safe; restructure bank so that it invests in youth productivity and sustaining communities not bubbles, and trapping people in debt
    -if you do this today's millions times more coalbration technology than a generation ago can make the next decade the most productive time and joyful for youty and everyine to be alive instead of the most dismal time where natios led by old macroecnomist put youth out of work
    DO YOU KNOW...
    Q: Original Purpose of Economics? A The Scotland of the 1750s was at the end of a first generation to have found their country taken over by England's Empire., So Adam Smith was motivated to start writing about how to design systems so that peoples could could look forward to their next generation sustaining more productive lives than they had had ... 7 quarters later keynes general theory issued humanity's greatest challenge- economics as a systems science had reached the state that only economics rules the world ... moreQ: What do the man-made systems that rule the world look like? A Purposeful value exchanges composed round 5 main flows of how productively peoples lives are used and 5 main demands human beings make as co-workers, customers, owners, stewards of the globe, stewards of society at the village level - moreQ: Why can't human race in 21st C be sustained with choice of economics made by 20th C biggest banks and govs etc? A Long Story: ER alumni are in their 37th year of offering debating scripts eg1 on wht some industrial age systems after world war 2 were designed to be too big to exist as the first net generation became more connected than separated by geographical borders ... What is known is that 2010s is most exciting decade to be an entrpreneur because our impacts define what will be possible for all our childrens' children more 

    World Class Brands are in 25th year (as a subnetwork of Norman Macrae's Entrepreneurial Revolution) of helping sustain the most purposeful organsiations or markets in the world. Core to any charter of purpose is a quiz revolving round this question
    - who would uniquely miss what if this didn't exist?. From this Q&A's list of trust-flows, economics maps how to connect producers and demanders of the exchange in multi-win models of purpose. Henceforth, potential conflicts with this goodwill model are audited and resolved at every cycle so that unique purpose is celebrated to lead the future by continuously multiplying the most value and trust. This model provides the simplest benchmark around all exponential impact metrics of sustainability investement can be calculated and the transparency of all multi-win models are webbed around pro-youth economics. Questions welcomed washington dc hotline 1 301 881 1655



    Not youth's economics of the world Not our schools of the worldYouthandYunus.comLeadersandYunus

    Muhammad Yunus expresses faith in entrepreneurs at G20 summit

    Posted on: November 23, 2011
    Category: News

    Microfinance Focus, November 4, 2011: Professor Muhammad Yunus was invited to deliver a key note speech during the G20 Young Entrepreneurs Summit held in Nice, France. Professor Yunus addressed an audience of more than 400 entrepreneurs from all G20 countries. In his speech, he shared his personal entrepreneurship experiences, his faith in young entrepreneurs to be the pillars of society and the need to include poor countries in the discussion process in making global decisions.

    Professor Yunus being an entrepreneur himself started off creating the Grameen Bank that provides microfinance services to the poor who had little access to financial provisions. From that, he ventured into a wide number of social businesses such as Grameen Nursing College, Grameen Eyecare Hospitals, Grameen Shakti, etc.

    He has always considered young entrepreneurs to be the most effective solution for the future. He said “In my opinion, G20 YES is a fabulous initiative, gathering so much energy and momentum from all over the world. Because of their creativity and leadership, provided that they commit to share the value they create, these 400 young entrepreneurs in this room can change the world.”

    Professor Yunus is also a member of the Millennium Development Goals (MDGs) Advocacy Group, advising the Secretary General of the United Nations. Hence, he believes that the next generation of youths should be handed over the process of the MDGs as soon as possible. He believes that entrepreneurs will have a key role to play in fulfilling the MDGs, if they are committed to the social value created by their companies, and social business can be part of the solutions.

    In his speech, he added that the G20 needed to broaden its scope to deal with the current world crisis. It can no longer remain a political forum with economic agendas. The G20 needs to create a social agenda as well. Professor Yunus proposes that ‘social business’ should be brought to the agenda of G20, as one of the concrete and effective solutions to be considered for immediate implementation so as to guide capitalistic investment towards social value and jobs creation, rather than sheer profit maximization strategies. A social business is a cause-driven business where profits stay within the company for its sustainability.

    Lastly, Professor Yunus concluded that the G20 should be expanded into the G25, where poor countries from each continent should be included in the global agenda which they are part of. He added that “Their problems are inter-related with others, and their proposals of solutions should be considered by the most economically advanced countries in making global decisions. A G25 would be a big step toward ensuring that global social issues are raised, and MDGs implementation is fully shared on the global agenda. And finally, because fighting poverty together is the only way to bring long lasting peace in this world.”


    inquiries chris macrae info us tel 301 881 1655 ; us office 5801 nicholson lane suite 404, North Bethesda, MD 20852 USA - skype chrismacraedc
     Mapping is a process of discovery. Crucially maps are only as usable as updating correctness of bottom up information. Think of your own use of a map. You look for the "you are here arrow". You want to be directed to somewhere/someone you dont know how to get to; you want your return vist to be safe as well as a value multiplying win-win.
    Does anyone remember the simplest findings of einstein and jon von neumann. Einstein proved that to innovate more value you need to go more micro in what you model; von neumann showed that there is more value to be networked by interfacing safe flows across systems instead of ruling over separation of boundaries. There isnt a single global metrics profession that gets these mathematical -and natural - principles right. Unless we change this global markets will cycle through ever greater collapse and more and more communities will lose sustainability. Mapmaking is that critical an idea to what the net genration will achieve in 2010s; but its also one that children from primary age up can action learn. Its simple. Its just that it works the other way round from top-down people's fatal conceit.
    It explores how to make the invisible principles and practices of real wealth creation visible, and therefore useable. Our planet needs case studies underline the search for new win-wins that build ‘system integrity’
    Trust-flow is the unseen wealth to invest sustainability in. Tranpsarently mapped it develops a goodwill gravity  tyhat invites with roleplayer in a community to multiply goodwill while sustaining their own cashflow.. Trust is not some vague, mushy, abstract warm-hearted sentiment. It is an economic powerhouse – probably just as economically and socially important as oil.
    The point is, there are specific things you need to do to get trust flowing, just as there are specific things you need to do to get oil flowing. And like oil trust has a dark side. Right now, the world is awash with the carbon emissions which threaten the stability and sustainability of its ecosystems. Right now, the world is also awash with the ‘carbon emission’ of trust – mistrust. Indeed it may well be that our ability to tackle the one issue – the threat of environmental catastrophe – depends on our ability to tackle the other issue: how to generate, deepen, extend and sustain trust.>br>But what is the best way of doing this? One thing is for sure. You don’t build and sustain trust via some sentimental exercise of goodwill to all and sundry. There are three very simple principles at the heart of effective trust generation. 
    First, trust is generated via win-win relationships. It’s virtually impossible to generate or sustain trust without mutual benefit for those involved. But beneficial outcomes are not enough in themselves. For trust to be built and sustained, both sides need to signal a demonstrable commitment to finding win-win ways forward. Such a  commitment may require real changes to what we say and do. Second, real ‘win-wins’ are hardly ever purely financial or material. You don’t build trust simply by walking away with more cash in your pocket. Trust works at all the dimensions and levels of human exchange. Yes, it’s about financial and material rewards. But it’s also about purpose (what people want to achieve). It’s about politics with a small ‘p’: the use and abuse of power, the crafting and application of rules of fair play. And it’s about emotions: the sometimes overwhelmingly strong emotions, both positive and negative, that are generated when people deal with other peopleWhat’s constitutes a ‘win’ – a sense of real improvement – is therefore highly specific. It depends absolutely on the details of who the parties are, what they are trying to achieve, in what context. Building trus, therefore involves discovering these specifics. Just as oil doesn’t flow out of the ground, get refined and pump its way into motor vehicles automatically and without effort, so identifying and doing what is necessary to get trust flowing requires dedicated, skilled effort. It requires a disciplined, structured process, not a vague sentiment.

    3) Third, even if we do steps 1) and 2) there’s still a good chance it won’t succeed. Why? Because it ignores an invisible third factor. In the real world, purely two way bilateral relationships don’t exist. There is always a third party whose interests or outcomes are affected by what the other two parties do but who is not a party to the contract. The environment is a case in point. Producers and consumers may both benefit from buying and selling to each other – but what happens if, in doing so, they destroy the environment they both depend on?

    This raises a hugely important question. When two parties pursue win-wins and build mutual trust, are they doing so in a way which creates a win and builds trust for the third party at the same time? Or are they simply pushing the problems – and the mistrust – further down the line on to this third party? Building vigorous, healthy networks of trust is a different kettle of fish to ‘you scratch my back and I’ll scratch yours’ win-win conspiracies. It requires a Map of all the key relationships plus careful consideration of knock-on consequences. It requires a different perspective.

    These three simple, basic steps do not happen automatically. They need to be worked at. The territory needs to be deliberately Mapped and explored. What’s more, there are obstacles in our way – mental and practical obstacles that need to be cleared. Prevailing economic theories about ‘rational economic man’ for example, deny the need to commit to win-win outcomes. Instead, they promote supposedly ‘rational’ (i.e. narrowly selfish behaviours) which actively undermine trust The same theories insist that the only valid measure of human benefit is money, thereby excluding from consideration many of the biggest opportunities for improvement. Meanwhile many vested interests do not want to extend the circle of trust to third parties and complete networks because their positions of power depend on their ability to take advantage of the weaknesses of these third parties. That’s another job for Mapping: helping to identify and mount such obstacles.
    The potential benefits of doing so are unthinkably huge. They start with a simple negative: the relief that comes from when you stop banging your head against a brick wall. Mistrust breeds wasteful, wealth destroying conflict that tends to feed on itself. Anger and hatred engender anger and hatred. Simply easing or stopping the terrible waste of mistrust would transform prospects for many millions of people. We desperately need to find ways of doing this. Then there are the positive benefits. Understanding the real nature of human wealth – all those dimensions of purpose, ‘politics’ and emotion as well as money and material comfort – means we can start being human again; human in the way we think, and act. What’s more, many of these intangible benefits won’t cost a penny. They’re there for the taking, if only we puts our minds to it.
    But there’s more, because trust is also an economic superpower in its own right. In the pages that follow we will show conclusively that material and financial riches are also dependent on trust. In fact, we will argue the case for going one step further. We will say that material and financial riches are a by-product of trust: the visible fruits of invisible, intangible human exchange. Once you understand that sustainable cash flows are a by-product of sustainable trust flows, your understanding of what makes a successful business is transformed.
    Separately, each of these three fruits – reducing the waste of conflict, unleashing the potential intrinsic benefits of human exchange, and energising the sustainable creation of material wealth – are massive in their own right. Put them together and they represent a vast new continent of opportunity.
    As we said, this book is addressed to entrepreneurs and system  innovation revolutionaries. Wherever you happen to be, whatever the change you want to make is, the principles explored in this book apply. The wish to change and the will to change are not the same as being able to change successfully. For that you need to understand your territory. You will need new Maps


    0.1 Has a continental or worldwide search solutions on job creation that can be replicated across communities been organised before this EU launch of Nov 2011?
    While alumni of entrepreneurial economics have always valued job creation searches- we know of no clear evidence that this has been top of mind in the way that continental-wide government has operated since 1984 even though it was scripted by The Economist's Unacknowledged Giant as the number 1 question the first net generation would need to mediate if sustainable futures and humanity's most needed millennium goals are to be served
    what's different about nov 2011 is 4 top directorates of the EU have nailed their future reputation to this search -more
    1mobamauniobamauni@obamauni bon mots hillary zero sum thinking leads to negative sum results
    1hHCL TechnologiesHCL Technologies@hcltech Press Release: #HCLT listed for the fourth consecutive year in the @WorldBlu's "Most Democratic Workplaces" list. Retweeted by Traci Fenton
    49mAl RobertsonAl Robertson@al_robertson About last night's British Council @time_image film collection launch, with three of my favourite BC films! #WhoWereWe Retweeted by Lloyd Davis

    The End of the EU part 1

    TRANSCRIPT: 'The Unthinkable'
    Video above.

    Tom Ashbrook: You're talking about, writing about the end of the EU, the end of the common currency.

    Paul Krugman: it's unthinkable except that continuing down the current path is unthinkable. Spain is actually the epicenter. The Spanish government did nothing wrong. Spain was running a budget surplus before the crisis. It had low levels of debt. But it had a monstrous housing bubble, as did a lot of places, largely financed by the way by German banks which were lending to Spanish banks, which then lent on. And when the housing bubble burst you were left with a severe, extremely severe recession, and so the answer has been government austerity which just makes the slump deeper.

    The alternatives to a breakup of the euro have to be Europe-wide solutions. And so the solution, if there is one, involves accepting a higher rate of inflation for Europe as a whole and that particularly means higher inflation in Germany.
    --Paul Krugman

    What are Spain's alternatives here? Well, if they still had their currency, their own currency, the answer would be devalue, let the peseta drop, Spanish exports would become a lot more competitive, they'd be well on their way to recovery. They don't have their own currency, so people are saying: Well, you have to do all this stuff to stay within the Euro. At some point you say: Well, you know if your answer to our problem is just ever more suffering, ever more you know... 25 percent, 50 percent youth unemployment. If that's your notion of a solution, then maybe although it would be a very terrible thing to have the Euro breakup, maybe that's better than what we're doing. So that's becoming a real possibility now.

    The alternatives to a breakup of the euro have to be Europe-wide solutions. And so the solution, if there is one, involves accepting a higher rate of inflation for Europe as a whole and that particularly means higher inflation in Germany. Talk to the Germans about this and of course they go crazy, but you have to say to them: What is your answer? What you're doing right now is just a path to the collapse of the euro with enormous damage and radicalization and a lot of things that you don't want to see happen in Europe happening.

    TA: If the Germans can't take their foot off the brakes, they're just intrinsically and against history and everything else, Weimar, if they can't do it, what happens?

    PK: Then Europe breaks up and... No, I mean I think it's that stark. It really is, it really is that extreme because you know it's one of those things, you can't be saying that, but then you say: Well, let's talk this through. You know, let's as it said in the original edition of the Godfather - Let us reason together. Right? What are the ways that this can work out? And the current path is not one that can work out.

    It's like an irresistible force hitting an immovable object. On the one hand it's unthinkable that they'll allow the euro to fail because the euro is a terribly important thing, it's not terribly important economically, it would have been better off if they'd, if they had never done it, but now that it has been done, for it to fail is a defeat for the European project, the whole project of bringing peace, democracy, integration to a continent with a terrible history. So it's unthinkable that they'll allow it to fail, but it's also unthinkable that the Germans will accept moderate inflation which is the only solution any of us have been able to come up with. So one of two impossible things is going to happen. Your bet.


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