Dead capital is made up of assets that are not recognized in the financial economy. It is an economic term used to describe property which has no legal recognition.
It is a world where the ownership of assets is difficult to trace
and validate. It is governed by no legally recognizable set of
rules; where the assets’ potentially useful economic attributes
have not been described or organized; where they cannot be used
to obtain surplus value through multiple transactions because
their unfixed nature and uncertainty leave too much room for
misunderstanding, faulty recollection and reversal of agreement.
Where most assets, in short, are dead capital.
Hernando De Soto, The Mystery of Capital
Agriculture is not just a food-producing industry. It is the backbone of the
rural livelihood system and a major source of employment. Moreover, smallholder farmers fill the major share of the global food production.
But, many rural farmers may not even have a savings account. They are located in remote areas and are not high income earners. Banks find it inconvenient and costly to provide services to those unbanked. Continue reading
If you got a teeny-tiny mole on your forehead, would it make sense if I claim that the sole purpose of your whole body is to give birth to that tiny mole?
Likewise, would it also make sense if I claim that the sole purpose of the immensely and unimaginably vast universe is to give birth to a teeny-tiny mole of a planet called earth? Continue reading
The meaning of politics according to the Oxford dictionary.
- The activities associated with the governance of a country or area, especially the debate between parties having power.
- The activities of governments concerning the political relations between states.
- The academic study of government and the state.
- A particular set of political beliefs or principles.
- The principles relating to or inherent in a sphere or activity, especially when concerned with power and status.
- Activities aimed at improving someone’s status or increasing power within an organization.
The keywords seem to be government, state, country, power, status, parties and political beliefs or principles. I find this shallow and merely technical. I would say that politics must be build upon the land and nature that sustains lives including humans. It must not be made for administrative borders and the well being of just humans.
If we don’t work to save and secure the environment and ecology, human survival will become uncertain and then politics will be futile. Continue reading
We know that people have been sharing and bartering since the earliest civilizations began. So, there is nothing innovative about farmers sharing their tools and we letting our friends to stay over at our place for a night or two. These have more to do with sharing and nothing in terms of business.
It’s different when people do similar things with strangers for a fee. Technology has delivered ease of use and convenience for organizing a wide range of peer-to-peer commercial exchange that has given birth to Airbnb, Uber, Lyft, TaskRabbit and many more.
Uber and Lyft, for example, enable individuals to turn their own cars into taxis. These individuals have the liberty to decide when to drive and for how long. For some of them it’s a gig and for many others it’s the main source of income. Airbnb enables residential property owners to turn their properties into hotels and TaskRabbit is your errand boy. Continue reading
Does money matter? Does wealth make us rich any more? These might seem like odd questions for a physicist to try to answer, but Britain’s referendum decision is a reminder that everything is connected and that if we wish to understand the fundamental nature of the universe, we’d be very foolish to ignore the role that wealth does and doesn’t play in our society.
By Stephen Hawking
Read @ https://www.theguardian.com/commentisfree/2016/jul/29/stephen-hawking-brexit-wealth-resources
REIC is an example of how a community could take charge of its place and with that its culture and destiny. It is a community organized real estate investment fund where everybody from the community could invest and become a member-owner. It’s barn-raising 21st century style where all members have a vote in decision making. REIC is formed upon the belief that when none could do it alone, it could be done by leveraging contribution of a community. Continue reading
I despise political parties. I wish for the demise of them all. But then political parties and politicians are the norm of politics and state leadership in the present context.
Having accepted this bitter pill, in my opinion a political leader must never assert himself or herself as a religious leader. A political leader who takes up position in the administration of a state or nation must always discuss ideas and programs that would bring social and economic progress to the community he or she serves. This goes to all political parties too as a whole. Continue reading
Social Progress Index (SPI) is a new framework used to measure the state of social progress of a country or a region. It has 52 measurement indicators defined within 3 major aspects, these are, Basic human needs, Foundations of well-being and Opportunity. It basically defines what it means and what it takes to be a good society. Continue reading
Vernacular schools and English proficiency are two issues of Malaysian education system that crop up time and again. These topics have been and still are the juice for a cacophony of debates and discussions over the national media. I too have wondered long on these issues and now ready to add another string of complexity to this matter in tangles. Continue reading
It is easily understandable when Malaysians celebrated the day of independence in 1957 and repeated it for a couple of following decades. It was real freedom after centuries of occupation by colonizers. Freedom to move forward with our own free will and to decide our own destiny. It’s a great thing to celebrate. However, celebrating it beyond a couple of decades in the same format we have today is, according to me, not acceptable. Continue reading