Design | Intuition at Design | IntuitionI would love to see an overlay of 1870-1950 to this chart to see if the present day trend is similar to the 1920s. is there a report with that sort of comparison somewhere?8 months ago
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MONICA BEATRIZ CAMPI, Professor After read the last slideshares about figures, I connect two ideas, with this presentation, You could take the public works (about the bridges which needs maintenance, and new jobs) as a source of new jobs. Meanwhile you invest in SME's and micro-enterprises.9 months ago
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David Sugar, Chief Facilitator at GNU Telephony @AmbassadorHope The credit issue I do consider essential and has been a problem for a long time. When I helped organize a silicon valley startup, OST, we had a business model that tended to generate a high accounts receivable, eventually growing to the 50K+ range each month, which is rather large for a small enterprise.
Each year we were rather profitable, but we could not secure financing for that ar. Banks were only interested if we wanted to borrow 1 to 10 million, not say 100K. We ended up carrying it on credit cards each year because there was no other option available, and this of course was not very sustainable. So in 2005 we finally had to close, and 8 people became unemployed, not because the market failed for us, or our products were wrong, or that we could not grow, but simply because we could not secure credit to meet continuing business needs.
Credit though is only one issue. Unlike my generation, who had looked at places as Silicon valley as the future and 'the place to be', when I speak with younger people today, they speak with the same excitement and wistfulness about Taipei Towers. Those working now try to get themselves there any way they can. That is where many of the new generation of the best and brightest now see the future. And business credit is just one part of the problem.
A lack of industrial policy, and a political culture that now clearly favors the law of rule over the rule of law also drives what is clearly becoming a growing exodus. I am quite familiar with this as well. While I have found no support nor opportunity for developing anything original in your United States in almost a decade now, some of my ideas, including how to change delivery of emergency medical services, have already been openly embraced and adopted by both national governments and commercial entities elsewhere. Your United States is truly destroying it's future to protect present entrenched interests, and I think it will take much more than a simple executive order to fix that.9 months ago
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Ambassador Hope, G-192 Director General, Presidential Advisor at G-192SBA used to work well when the entrepreneur needed the capital to start and the Government gave the guarentee. This triangle served the needs of the entrepreneurs, created cash flow, jobs and profit. Now the banks want a guarentee from the entrepreneur AND the government in order to lend! the entrepreneurs have knowledge, energy and a dream not portfolios of real estate or gold stashed away. So the banks by expecting 200% cover block the flow of capital to the knowledge and everyone looses. I want President Obama to sign an Executive Order insisting that the banks fulfil their fiducary responsibility to the Small Business Community or get out of the way and let someone who loves and understands small businesses to fulfill this role in a simple, fast and efficient way. Social enterprises and micro-enterprises can put millions of people back to work and serving the needs of their community and country!9 months ago
David Sugar, Chief Facilitator at GNU TelephonyOn the reservations in your United States per capita income can be as low as $4,000 ANNUALLY and more than 97% of the population is already living below the poverty line. So what you call a recession is hardly even noticed from the already very miserable conditions our peoples already experience directly and daily. However I will comment directly on Ambassador's comments because they are the first intelligent and actually useful things I have heard said by anyone in your United States in over a decade.
The current conditions in your country create extreme dis-incentive for new capital and new business formation in many ways. Some are through entirely artificial blockades in market participation that have been created by your existing corporations to protect existing concentrations of wealth against competition and changing conditions as they cling to a past that destroys the very future of this nation, and this is where normally these micro-enterprises would have formed in times past. Supporting these micro-enterprises, as you call it, is also, I agree, a way to create opportunity and move forward. This is not done today by the SBA, because it's mission is to maximize the profits and security for banks on the backs of would-be entrepreneurs, who often get trapped into a degrading form of indentured servitude to banks by it. This inability to form new businesses is one reason class mobility has become so low in your United States.
My other observation is that your country was most economically productive at times when the marginal tax rates on wealth were highest. Tax cuts by contrast seem to only have created conditions for accumulation of stagnant wealth and have reduced availability of credit for business formation (a problem that actually began in the 80's), economic activity, and employment.
I suspect the reason why is that back in the 50's and 60's, the best way to avoid taxes was through investment, and hence a kind of bargain existed with the existing wealthy where one could either 'use' or 'loose' wealth, and thereby provide the resources for new industries through investment. Intelligent tax policies combined with raising marginal tax rates could do this again.9 months ago
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Ambassador Hope, G-192 Director General, Presidential Advisor at G-192Yes, the statistics are depressing but the solutions are empowering. I have been affected by the recession but i haven't participated in it! We have kept building our network, resources and capacity..with our IPO this month we will be empowering 200 million poor to live green and sustainable lives.9 months ago
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Alex Kavanagh at Tinwood LtdReally depressing stuff, and the UK seems to be following in the US footsteps.9 months ago
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Ambassador Hope, G-192 Director General, Presidential Advisor at G-192Alan a great set of slides that demonstrate the economic impact of the technological shift to knowledge economy. Tax cuts never work if liquidity is low. We must invest in SME's and micro-enterprises to empower the poor in America and all over the world to create income for themselves and not be reliant on Government or companies . I have advised President Obama on the NEW Foreign Empowerment Policy and we can create jobs for Americans overseas and apply it in the USA also.. Thank you for this important work you are doing on Inequality .9 months ago
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Design | Intuition
Each year we were rather profitable, but we could not secure financing for that ar. Banks were only interested if we wanted to borrow 1 to 10 million, not say 100K. We ended up carrying it on credit cards each year because there was no other option available, and this of course was not very sustainable. So in 2005 we finally had to close, and 8 people became unemployed, not because the market failed for us, or our products were wrong, or that we could not grow, but simply because we could not secure credit to meet continuing business needs.
Credit though is only one issue. Unlike my generation, who had looked at places as Silicon valley as the future and 'the place to be', when I speak with younger people today, they speak with the same excitement and wistfulness about Taipei Towers. Those working now try to get themselves there any way they can. That is where many of the new generation of the best and brightest now see the future. And business credit is just one part of the problem.
A lack of industrial policy, and a political culture that now clearly favors the law of rule over the rule of law also drives what is clearly becoming a growing exodus. I am quite familiar with this as well. While I have found no support nor opportunity for developing anything original in your United States in almost a decade now, some of my ideas, including how to change delivery of emergency medical services, have already been openly embraced and adopted by both national governments and commercial entities elsewhere. Your United States is truly destroying it's future to protect present entrenched interests, and I think it will take much more than a simple executive order to fix that. 9 months ago
The current conditions in your country create extreme dis-incentive for new capital and new business formation in many ways. Some are through entirely artificial blockades in market participation that have been created by your existing corporations to protect existing concentrations of wealth against competition and changing conditions as they cling to a past that destroys the very future of this nation, and this is where normally these micro-enterprises would have formed in times past. Supporting these micro-enterprises, as you call it, is also, I agree, a way to create opportunity and move forward. This is not done today by the SBA, because it's mission is to maximize the profits and security for banks on the backs of would-be entrepreneurs, who often get trapped into a degrading form of indentured servitude to banks by it. This inability to form new businesses is one reason class mobility has become so low in your United States.
My other observation is that your country was most economically productive at times when the marginal tax rates on wealth were highest. Tax cuts by contrast seem to only have created conditions for accumulation of stagnant wealth and have reduced availability of credit for business formation (a problem that actually began in the 80's), economic activity, and employment.
I suspect the reason why is that back in the 50's and 60's, the best way to avoid taxes was through investment, and hence a kind of bargain existed with the existing wealthy where one could either 'use' or 'loose' wealth, and thereby provide the resources for new industries through investment. Intelligent tax policies combined with raising marginal tax rates could do this again. 9 months ago