The Papua New Guinea Futurist

This can become a danger for PNG's political system if there are too many graduates who dont have anything meaningful to do with their knowledge yet they have an expectation that after all the hard work of going to school and getting good grades and graduating from University, they too should benefit from the bounties of PNG. This has been extracted from the Economist and published with no edits. Free Exchange – Can Too Many Smart People Be a Dangerous Thing? | Finance & Economy   by   financialfe     October 22, 2020   in   general finance  0 0 SHARES 51 VIEWS Share on Facebook Share on Twitter October 24, 2020 T. DE YEARS  before Peter Turchin, a scientist at the University of Connecticut, made a surprising prediction in  nature . “The next decade is likely to be a period of growing instability in the US and Western Europe,” he said, pointing in part to the “overproduction of young graduates with advanced degrees.” The ensuing rise in populism in Europe, the unexpected votes

THE COMING APOCALYPSE The world has witnessed the largest creation of wealth ever in history since the industrial revolution. Especially in modern times, we have witnessed huge wealth being created by such great organisations as ExxonMobil, General Motors. There were only a handful of billionaires in the early 20 th century, now there are approximately 1,210 billionaires in the world. As an indication, the world’s largest asset manager is BlackRock Inc. with $3.65 trillion in assets under management. This huge growth has been funded by debt. Governments borrow to build infrastructure and fund social programs with the intent to pay back the borrowings from the future tax revenue streams. Consumers borrow to pay for homes (mortgage), house hold items (retail credit) and miscellaneous luxuries (credit card). This then feeds a vicious cycle whereby the investments from the borrowed funds creates more demand and although in the short term, this will be see as robust economic gro

We read in the newspapers of large funds being paid out by the government to individuals for contracts etc. We hear of public funds being diverted into personal accounts and misused. We see overnight millionaires. We see the games being played by both sides of parliament; we see the lack of development in the provinces. Yet the people of PNG just sit and watch. We elect MP’s during election time and then spend 4 years complaining that we are not getting services. Then we elect the same type of MP again and spend the next 4 years complaining. We, the people, deserve better. “NO CARE” mentality Why doesn’t anyone care? The root cause for the "I don't care" mentality is the issue of PERSONAL RELEVANCE. Someone steals K10million from Government funds, how does it apply to me individually? I don't really know. That is why I am not out there protesting. If it was my savings in the bank that was misused by a bank manager - you bet, I would be out there protesting. My MP bypa

Imagine a manager applying for a CEO role in a large, successful organization, he/she would not be given the position because of how well he can speak and whether he threw a feast for all the shareholders and gave them K100 each. He would go through a formal recruitment process 1. His CV would be made known What is his background? Is he an achiever, leader – this can be seen from the results of his involvement. E.g. did he build a business, did he manage a large organization. 2. He would go through an interview covering some of the following points What is your experience and qualifications? [The interviewer wants to know about his experience and details about his CV] What were the challenges you faced and how did you overcome them? [The interviewer wants to know if he has experienced hardships and what decisions he made. A man who is experienced in life can be trusted to make good decisions especially decisions involving lots of money or implications on people] What experience do you

CURRENT 2011 POLITICS - stable party system is now fragmenting. - National leadership vacuum – no clear successor to the Chief Somare ECONOMICS - LNG & high commodity prices fuelling economic growth. - Higher Government revenues has ▲ allowing more spend into rural areas? - dispersion of wealth not equitable SOCIAL - ▲ in population putting a strain on current infrastructure that was geared for 1980’s population levels. - youthful population demographic - Development is evidenced in rural areas only – specifically POM. - still no clear national identity. TECHNOLOGY - Mobile technology ▲ impact throughout population. - High speed internet access allowing better access to information around the globe. - Beginning of mobile commerce ENVIRONMENT - Rising sea levels & changing weather patterns impacting on food crop yields. LEGISLATION - very short sighted legislation more focused on creating channels for funds to be approved and spent then on creating the machinery that will truly

How do we think and understand concepts? Most people think through a form of self talk or having a dialogue with yourself. Therefore, using a language that gives you a lot of flexibility in disecting an idea/concept is much better than a limited language that can only. Explain an idea in one way. An example is like eating food. You eat better if you have the proper knives to cut the food into bite size chunks. Pidgin is not a true language. It is a basic language used by early traders and colonisers who needed a language to get the natives to carry out their demands. It is not a language that can be easily used to express ideas or describe mental concepts. How do our people who can't speak English really understand the concept of democracy or nationalism? The pidgin explanation still does not fully cover the power and depth of these concepts. It is like trying to eat a chicken with an axe. It's messy with large chunks that can't be properly digested. On the other hand