PoorNoMore — ஏழைகளே இல்லாத உலகம்

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...