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| | Myself | |
I am a retired academic economist. This will be my 59th year on this planet.
I have written a book on Consumer Capitalism. It covers the consequences of the failure of the efficient market hypothesis . It also covers the economic events since 2008; and tries to give alternate solutions rather than just more of the same orthodox platitudes. John Maynard Keynes, Milton Friedman and their folllowers have dominated economic debate for too long . In thisTwenty-First Century new answers are urgently required. Nothwithstanding this, all new ideas will be formulated from the heights already scaled by these eight great economic thinkers: Francoise Quesnay, Adam Smith, David Ricardo, Karl Marx, Alfred Marshall, John Maynard Keynes and Milton Friedman. Of these geniuses, I am more closely aligned with Karl Marx, but I have a lot of respect for the published work of John Maynard Keynes. I live in Sydney, Australia. Having retired from work but not from life, I need new mental challenges. This year (2012) will be a "Me Time" year! I recently finished nursing my father for over four years. When he died (in November, 2011) I had a lifestyle choice to make. I decided to follow my dream of writing a book and running my own business. My hobbies include writing fast stories, posting story ideas, writing love poetry and walking for fitness. My favourite sport is cricket, but I also like Rugby. I am not married and do not have any children. I do have a large extended family. One of my direct ancestors came from England, but was not a convict. All my other ancestors came from Ireland. Those Irish ancestors were all farmers!
Having recently visited both England and Ireland (May 2012); I have seen the great literary tradition that comes from those two countries. The English have a great ability to use comedy, in all its facets, to make us stop and think about life. The Irish see comedy in tragedy and use comedy to help them cope with a. at times. bleak existence. Both countries have given the world great writers. Dublin, Ireland is the city of writers and authors. Any budding writer should go there and experience the craic. This will free up their writing and enrich it with humourous experiences. Serious playwrights must go to England and throw themselves into the London theatre scene. This would be both an enriching and frightening experience. Actors that go on stage in London will have the greatest scripts to display their talent.
For the romantics, my advice is go to Paris. The inspiration, provided by this city, is legendary. It will not help your writing per se but it will give you experiences that are unique in my experience. Such experiences allow a writer to draw on a deep well for their characterisation and plot developments. For example, I was on the Metro in Paris in May of 2012, I looked around and saw the most classic Gallic person I had ever seen. He was squat, bull necked and had a face that could stop a thousand cannon balls. I imagine that this type of Frenchman would have formed the solid core of Napoleon's grande armies. Alternatively, his features could match those of a senior NCO with the French Foreign legion.
To round off your experience as a writer, can I suggest that you travel to Asia. Here there is little romance, less time for writers and dreamers and more stark reality than most Anglo-saxons can handle. The grim realities of life in Asia should not dissuade budding authors. Look behind the desperate struggle for survival and you will see a people happy to be alive and determined to make their life richer and more serene. It is a great gift to be able to stare starvation in the face with fortitude and courage. This can be witnessed in Asia on a daily basis. The pace of life is faster in Asia, but no less envirgorating, than it is in Europe and America.
Simply put, time poverty exists all over the globe. In Asia,it has been that way for centuries and they are used to time deprivation. In Europe (and Britain) it is an acquired taste that people cannot now escape. In America, it has become a necessity.
i chose this social network site because it stimulates and develops my writing. Travel also stimulates and develops the writers ability to reach their readers in their minds and on the fields of imagination. No writer can ignore inspiration because from this dam comes the waters of enligthenment.
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| Welcome to this Researcher's Journal. If you'd like to comment on anything they have written here, just click the relevant 'Discuss this Entry' button. Capitalism
Oct 23, 2008
The events of 2008 have illustrated the weaknesses of capitalism.
Not that communism is doing any better. But the real need is to
reform, if possible, capitalism. The first reform should be the
elimination of self-regulation. Either have no regulation, or, impose
government regulation. To pretend that an industry, like the finance
industry, can be self-regulated is to confuse people. One critic from
the USA said that the global financial system was now too complex
to be regulated. I disagree with this and argue that the global
financial system is certainly more cluttered but not more complex.
Sure there are a lot a financial derivatives out there but they all
involve money in some shape or form. If experts "follow the money" they
will be able to work out the various derivatives. Behind the financial
derivative scene is some subsidiary (or sub-subsidiary)of some bank. If
you regulate the banks you are indirectly regulating the derivative
market. Instead of setting up a whole lot of regulatory bodies,
governments would be best served by regulating the banks and the stock
exchanges. Some role for the World Bank will have to be created. The
contagion effects cannot be handled by any one country or region.
Abolish the IMF (it is completely out-of-date) and set up a global
regulatory body under the control of the World Bank. If necessary, set
up a world civil court to prosecute any breaches of international
financial law. The UN General Assembly can be used to discuss and make
such laws. Once ratified by the UN Security Council, these civil laws
can stop wild movements due to unregulated financial markets. By the
time this financial crisis is finished, very few countries will be left
untouched. Whilst this memory of financial horror is still vivid, some
action needs to be taken. If this is not done another global financial
disaster will occur in our future.
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Last posted: Dec 10, 2012
