PoorNoMore — ஏழைகளே இல்லாத உலகம்

Welcome to PoorNoMore.  PoorNoMore has evolved over several years through a series of interconnected articles. While each article may be read independently, the ideas progressively build upon one another. The following roadmap is the recommended reading sequence for understanding the evolution of the Resource Standard, its implementation framework, and its practical applications. FOUNDATIONAL PAPERS OF THE RESOURCE STANDARD: PoorNoMore Podcast: "The Myth of Inevitable Poverty" ஏழைகளே இனி இல்லை' இயக்கத்தின் போட்காஸ்ட் வலையொலி Poverty Amidst Plenty: A Policy Choice Before You Condemn Welfare The Monetary Transition Nobody Wants to Discuss Taxation and Government Borrowing Once Financed the Nation’s Budget. But Not Anymore Countries Are Trigger-Happy with Massive Credit-Money Creation - Yet Shy Away from Direct Money Creation for Development Fiscal Consolidation and Fiscal Prudence in the Era of Unlimited Fiscal Power Acemoglu Asks What Makes a Nation Prosper. But Is There a...

How France and the Eurozone Can Escape the Austerity Trap by Re-Anchoring Economy to Real-Resource Deployment 1. The Echoes of 1971: The Fallacy of Paper Anchors In August 1971, President Richard Nixon unilaterally ended the convertibility of the US dollar into gold, dismantling the Bretton Woods system in an event history records as the "Nixon Shock." What is often glossed over in orthodox financial history is what forced Nixon's hand: it was France’s refusal to accept a monetary illusion. Under President Charles de Gaulle, France recognized that the United States was issuing paper claims far beyond its real-resource capacity, using its reserve currency status to export domestic inflation while absorbing the tangible physical assets of other nations. When France dispatched navy vessels to convert its dollar reserves into physical gold bullion, it exposed a fundamental law of political economy: a monetary standard built on paper claims that cannot deliver real phy...

Why can't the basic sectors producing the universal essential needs be freed from profit-seeking private sector participation? 1. A question we rarely ask Every human being needs food, water, shelter, energy, healthcare and other essentials to live with dignity. These are not optional consumer preferences. They are universal human needs. Yet the production and provision of these necessities are largely organised through an economic system in which access depends on purchasing power, while production and investment are substantially influenced by the pursuit of profit. Why should this be the organising principle for meeting universal human needs? Why should the ability of people to obtain life's necessities depend on whether supplying them offers an attractive commercial return? This is not an argument against private enterprise. Nor is it a proposal to place every economic activity under state ownership. It asks a more fundamental question: Should the production and pr...

Counter to the 2026 Nobel Prize Framing: Why Real-Resource Deployment - Not Individual Agent Optimization - Is the True Micro Foundation. The 2026 Sveriges Riksbank Prize awarded to Robert E. Hall and Michael Woodford recognizes important technical advances in building macroeconomic models from the optimising behaviour of households and firms (forward-looking consumption, sticky prices, expectations).  Their New Keynesian framework improved the toolkit for interest-rate based stabilisation policy. Yet it remains incomplete, and ultimately not solution-oriented, because it still treats the core problem of the modern economy as volatility around a market-determined path rather than as the systematic under-deployment of real resources. 1. The Nobel micro foundations still leave resource allocation to the market Hall and Woodford derive aggregate outcomes from individual decisions under constraints.  Policy then acts mainly by adjusting interest rates to influence those decisio...

The Myth of Inevitable Poverty | Part 1 | PoorNoMore https://youtube.com/shorts/g061EhVrmqo?si=CMU1C56n4dMglJd- The Myth of Inevitable Poverty | Part 2 | PoorNoMore https://youtube.com/shorts/YP8V8ZqcsVI?si=JxejVtV6wWGR0VnQ The Myth of Inevitable Poverty | Part 3 | PoorNoMore https://youtube.com/shorts/jo1vjocFldA?si=JsGzjCNGhNycrXDS The Myth of Inevitable Poverty | Part 4 | PoorNoMore https://youtube.com/shorts/gj_8zOhAatU?si=YuRvjmR0XvP69170 The Myth of Inevitable Poverty | Part 5 | PoorNoMore https://youtube.com/shorts/T1QP9hzewpA?si=DhcIN7VupBYeYYmQ The Myth of Inevitable Poverty | Part 6 | PoorNoMore https://youtube.com/shorts/oewWATh_Bmk?si=td1xORXrTY0wznF1 The Myth of Inevitable Poverty | Part 7 | PoorNoMore https://youtube.com/shorts/0KLXScyYdFA?si=0MKSVI-KykVTwQ0p The Myth of Inevitable Poverty | Part 8 | PoorNoMore https://youtube.com/shorts/Z2MTEgLzX0U?si=S-f6MFEN7R5Er8rh The Myth of Inevitable Poverty | Part 9 | PoorNoMore https://youtube.com/shorts/bXOSh5dlBiM?si=zpOxpEBP7...

Shashi Tharoor's recent article raises an important warning. Over the coming decade, around 1.2 billion young people in the Global South are expected to reach working age, while current projections suggest that only about 400 million viable jobs will be created. The World Bank itself describes this as a defining economic and strategic challenge. Lack of viable jobs is given as the reason for the resulting gap of nearly 800 million jobs. Viable Jobs - Is that the Criterion? Viability is applicable to commercial ventures, not to nations building their productive capacity. This is the difference between the magical growth of the Chinese economy and much of the rest of the world. China did not build its extraordinary productive capacity by first asking whether every factory, railway, port, energy system or industrial ecosystem was commercially viable. It built them as part of a national productive-capacity project . China accumulated factories, machine tools, shipyards, ports, e...

Nobel Laureate Daron Acemoglu has raised a series of questions about Artificial Intelligence. Each goes beyond the usual discussion about how powerful AI will become. The questions are about intelligence. Democracy. Investment. Inequality. Health. And now, decentralisation. These are important questions. But perhaps they lead us to one larger question: Who should control the extraordinary productive power that Artificial Intelligence is creating? And an even more fundamental one: How can that productive power be used to improve the lives of everybody? The First Question: Is AI Really Intelligent? Acemoglu asks whether Artificial Intelligence is moving towards superintelligence or whether much of what we call AI is actually a form of “distorted intelligence”. He questions whether systems designed to pursue specified goals autonomously should necessarily be described as intelligent in the broader human sense. This distinction matters. A system can become extraordinaril...