Category Archives: Economics

The demise of Sparta. And the rebirth of Greece.

Ancient Greece is a complex topic but from what I can summarise about Sparta, it was a wealthy state with a strong education system called the Agoge where elite boys would take part in physical training to mould them into the strongest and most disciplined soldiers. Spartan girls were also brought up to be strong and supportive so they could provide strong babies to continue the Spartan lineage. But Sparta ruled over the Helots – peasants who farmed the land and provided food for their wealthy Spartan overlords. Over time, resentment between the Helots and the ruling Spartans led to a war. Even though the Spartans won the war, this class struggle plagued and weakened them for a long time until eventually they had a war with Athens over the city of Thebes which led to Sparta’s demise.

Similarly, fast forward a few thousand years to modern Greece with huge levels of inequality and impoverishment leading to the election of Syriza on an Economic platform. Greece is saying “we’re going to be playing by our rules now and we will no longer be subjected to EU humiliation and Economic imbalances”.

To me, there’s a few lessons in Authenticity and Equality that my University Professor Yanis Varoufakis – the newly appointed Greek Finance Minister demonstrates.

  1. We can’t solve problems using established systems and entrenched models of thinking. We must be trailblazers even though it might ruffle some feathers along the way.
  2. The solutions we design must be based on symbiosis and nurturing a win/win scenario. The current mess that the world is in can be attributed partly to the inequality that many feel at the hands of the few.

If we want to improve our situation – or that of a corporation or brand – we should add real value to society, we should be authentic and we need to be fearless. References: Inequality isn’t inevitable, it’s engineered. That’s how the 1% have taken over. By Suzanne Moore

Are we in for another Financial Crisis?

Are we in for another Financial Crisis?

Transition Economy

Not another dinosaur.

Image from andren.tumblr.com via Pinterest David Webb

As an ambitious young student searching for a career to pursue, it seemed a paradigm shift was happening away from manual / technical labor, production, agriculture. The future belonged to those with a profession, the service industry, those who had ‘intellectual property’.

But this bit of forward planning didn’t predict the Internet & digital boom, the population explosion, the effects of the environmental meltdown, endemic global economic woes, global inequality or various political rumblings.

We are living in recession weary yet technologically driven days. Data and knowledge is easily accessible and what we do with this is what sets us apart. Publishing and communication has never been easier. Any industry which is opportunistic and relies on the success or failure of others will remain stagnant. Anthropologist David Graeber calls these the ‘Bullshit Jobs’ which tend to be concentrated in “professional, managerial, clerical, sales…

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