what future of banking does your generation want?
please use comments to suggest resources, actions, spaces to move this debate everywhere that youth leads tomorrows planet
typical action resource -small change, big changes program empowers schools or cleges near you to make a quick start in funding your choice of microbank
wall street journal follows up nine year old's quiz with how did big banks lose a trillion dollars and counting of society's money, and does your community prefer microbanking that invests in citizens productivies insetad of fuelling excess consumption; usa today asks whether it is time to end the division between peace and economics prizes - in terms of deep and united democracy across cultures: are their practices not both about mapping what compound consequences humans want?
ashoka (perversely? partnered by citibank) starts a competition on social banking concepts - phone 301 881 1655 or mail inf@worldcitizen.tv if you love one of these concepts enough to want to co-blog a discussion arpound it lower down
2 comments:
readers Q&A 1 -GB writes form paris -, banks are bad and grameen is part of them. True? I don't want this question to bother you but to me, a bank, whoever it deals with, is and will always be a bank. Grameen was clever enough to diversify its activities, but what works in bangladesh wont necessarly work elsewhere.
chris.macrae@yahoo.co.uk usa 301 881 1655 writes:
I read your question as; why trust Grameen as its in the banking sector - definitely one of the 10 worst sectors for many peoples during globalisation's 20 junk-prone years
so the answer: grameen is the opposite system round from all the big speculative banks that are destroying the world
badwill (or blindwill as I argue its a missing governance system ) http://www.wholeplanet.tv/id32.html banks try and addict you to credit
grameen only tries to lend to increase the productive capacity of the poorest it can reach
badwill banks pays their ceos enormous bonuses for making great quarterly numbers even when they bet the bank's compound futures in a way that is bound to bankrupt them - they doubly dont care because by then the ceo has had his millions in bonuses and no big bank ever goes bankrupt unlike every other sector society always has to bail big banks out - in fact the number 1 reason why japan has made little progress as a society in the last 20 years is that it is still paying off the bankrupticies on property its banks got into in the 1980s- a sign that probably half a generation in the west has no chance of advancing now that several trillions of debt have gone down the subprime casino
badwill banks hire politicians befoer and after they are in power; grameen and microcredit banks keep as far away from politicians as they possibly can - with good reason according to clinton
so the number 1 youth debate among 10000 is what kind of banks do we want around our communities; grameen is in effect an open knowhow conversation on that which even 9 year olds can help 1000 new yorkers make sense of
If you visit Bangladesh you would find that grameen -and sisters like ASA, BRAC - isnt much interested in banking in several surprising ways apart from making sure communal money doesnt go missing which after all any business sector would need to look after if it is trying to sustain communities its in; what grameen really is = 150000 hubs or hives- one village space per every 60 women who wish to commune together and set 16 goals on what they see as an advance their generation can be responsible for
first not being beaten by husbands, or thrown out in a culture where one man can own many wives
secondly keeping children in school
third earning enough bread by serving each other in the community that they gain mutula self-conidence in decision making as well as some asset to do this with
4th so on
since this hub/village space structure is what grameen embedded from its inception in 1976-1980 when the mobile phone came along 1996 it was able to make the biggest advance in ending digital divides and openly sharing knowledge ever- far more than just berners lee's web design ; it connected 150000 centres able to agree the most urgent needs in life and then started asking the bank to find solutions to them which it would franchise in easy pay installments; so now bangladesh is more advanced than any country in installing solar power and expects to create 100000 vilager jobs around that by 2012
dr yunus has a few very sensible microentrepreneur compound goodwill principles - i would say that since they seem to snap with my dad's - rule 1 is any banking system will get taken over by the less poor unless you make sure the very poorest own it; this is actually a very good principle for anything that's life critica- eg a national health service or education
so all the co-partner projects dr yunus looks at with future capitalism goes and challenges global industries - would like to innovate something for those in the most desperate need in the world that you sectir could serve- publishing the innovations that come up from that search are exactly the way to get involved with the most collaborative use of knowhow and medium ever practised by humanity
dr yunus and 100000 bangladeshis have now been having a go at this for 30 years; so they have some nationally scaled franchises ready to fly the world - real microcredit has since 1997 gone from 11 million people to 100 million people; there is no reason why solar energy shouldn’t replcate like that; but even bigger is telling these stories to the most powerful leaders like craig barret of intel and saying hey craig we'll guarantee you no loss but will you let intel people search out one way their knowhow can be matched with the most life-critical needs it can serve
this is a very much better branding bet than intel throwing another 10 or 100 million dollars on ads of intel inside so yup my challenge to you, anyone if you have contacts in an industry sector let's ask them why wouldnt they want to have a free go at innovating the solution to the most desperate need their sector could realise
it happens that HEC in Paris ! is convening 100 leader meetings at a time raising just this subject from fall of this year; so it would be to miss out on that just cos I am bad at explaining this by email or whatever else I am bad at
chris which industry sector next? http://y10000.blogspot.com - come edit/map a sector you wnat to design opoiste system way round in time for 10000 youth to debate with you
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