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: Poverty Amidst Plenty: A Policy Choice Before You Condemn Welfare The Monetary Transition Nobody Wants to Discuss The Great Misunderstanding About Government Debt 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 Bigger Question? Bond Crisis: A Great Opportunity for Russia Public Debt: The Mistake That Distorts Almost Every Debate About It The Real Barrier t...

Institutions matter. Technology matters. But what happens when a society already has the people, skills and productive capacity needed to prosper - and leaves much of that human and productive capacity unused? The world is debating Daron Acemoglu again. A recent Economist article asks why one of the world's most influential economists is "oddly unconvincing." Whatever one's assessment of his conclusions, Acemoglu's influence on modern economics is undeniable. He is a Nobel laureate whose work has profoundly influenced how economists think about institutions, prosperity, technology and inequality. The question is whether his framework tells us enough. I think there is a question beneath the institutional question that deserves much greater attention: What happens when a society has the resources to provide a much better life for its people, but fails to use them? That is a different question. And it may be one of the most important economic questions of...

If Tamil Nadu has people ready to work, materials, skills and productive capacity, why should the lack of money in the Treasury stop the State from using them? There is a question that deserves a much more honest answer than it usually receives: When a government wants to improve the lives of its people, what does it actually need? Does it need money? Or does it need people, materials, skills, land, technology, infrastructure and the capacity to organise them ? Think about what a government actually does. It wants: teachers in schools, doctors and nurses in hospitals, engineers and workers building roads, people producing food, equipment for public services, housing, clean water, electricity, public transport, environmental restoration, care for children and the elderly. Take a simple example: improving the school lunch so that it is on par with the best school lunch anywhere. What does it need? Money? Or more cereals, vegetables, fruits and other ingredients to ...

A Response to Michael Froman’s “The Next Global Economic Crisis Could Be Made in China” China's extraordinary productive capacity is now being described as a potential threat to the global economy. Michael Froman's widely discussed Foreign Affairs article warns that China may have produced so much that the world can no longer absorb it. The warning deserves to be taken seriously. But it leaves a much more important question unanswered: How did productive capacity itself become a potential economic crisis? The warning is serious. China produces enormous quantities of electric vehicles, batteries, solar panels, steel, machinery and other manufactured goods. Its trade surplus reached almost $1.2 trillion in 2025. Its manufacturing capacity has reached a scale without historical precedent. And now, according to a widely discussed Foreign Affairs article by Michael B. G. Froman, the world may be approaching the point at which it can no longer absorb China's output. The...