<br><br><div class="gmail_quote">---------- Forwarded message ----------<br>From: <b class="gmail_sendername">Kamran Mofid</b> <span dir="ltr"><<a href="mailto:k.mofid@gcgi.info">k.mofid@gcgi.info</a>></span><br>Date: Sun, Nov 6, 2011 at 12:44 AM<br>
Subject: The world is riveting toward a possible turning point and we hope that you are able to stand with us in this call to action<br>To: Kamran Mofid <<a href="mailto:k.mofid@gcgi.info">k.mofid@gcgi.info</a>><br>
<br><br><div class="gmail_quote"><span style="font-family: Calibri;"><font size="4">Dear friends and colleagues,</font></span></div><div class="gmail_quote"><div><div></div><div><div class="gmail_quote"><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><b><u><span style="font-family: Calibri;"><font size="4">The world is riveting toward a possible turning point and we hope that
you are able to stand with us in this call to action.</font></span></u></b><font face="Times New Roman" size="4">
</font></p><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">We, the undersigned, have
co-authored the document noted below. We are now writing to seek your
endorsement. Please if you wish to support our statement and are willing to
stand in solidarity with us, then, by return of this email, add your name and
affiliation to the signatories. As the current global crises have clearly
shown, the whole world is waking up to the value of co-creation and harnessing
of knowledge from diverse sources, disciplines, experience and expertise. We
plan to publicise this document widely and forward it to many relevant national
and international agencies and bodies tasked with formulating new policies for
a new type of world economy.</font></span><font face="Times New Roman" size="4">
</font></p><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">In anticipation of your
support and endorsement, please kindly return your email to: Kamran Mofid at </font><a href="mailto:k.mofid@gcgi.info" target="_blank"><font color="#0000ff" size="4">k.mofid@gcgi.info</font></a><font size="4"> </font></span></p>
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</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><font size="4"><b><span style="font-family: Calibri;">Kamran
Mofid PhD (ECON), </span></b><span style="font-family: Calibri;">Founder, Globalisation for the Common Good
Initiative (</span><span style="font-family: Calibri;">UK</span><span style="font-family: Calibri;">)</span></font></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><b><span style="font-family: Calibri;"><font size="4">�</font></span></b></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><font size="4"><b><span style="font-family: Calibri;">Jamshid Damooei PhD (ECON), </span></b><b><span style="font-family: Calibri; font-weight: normal;">Co-director,
Centre for Leadership and Values, </span></b><b><span style="font-family: Calibri; font-weight: normal;">School of Management</span></b><b><span style="font-family: Calibri;">, </span></b><b><span style="font-family: Calibri; font-weight: normal;">California</span></b><b><span style="font-family: Calibri; font-weight: normal;"> Lutheran University, </span></b><b><span style="font-family: Calibri; font-weight: normal;">USA</span></b><b><span style="font-family: Calibri;"></span></b></font></p>
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</font></font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><b><span style="font-family: Calibri;"><font size="4">�</font></span></b></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><font size="4"><b><span style="font-family: Calibri;">Steve
Szeghi PhD (ECON), </span></b><span style="font-family: Calibri;">Dept
of Economics, </span><span style="font-family: Calibri;">Wilmington College</span><span style="font-family: Calibri;">, </span><span style="font-family: Calibri;">Ohio</span><span style="font-family: Calibri;">, </span><span style="font-family: Calibri;">USA</span><b><span style="font-family: Calibri;"></span></b></font></p>
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</font></font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><b><u><span style="font-family: Calibri;"><span style="text-decoration: none;"><font size="4">�</font></span></span></u></b></p><font size="4">
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</font></font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><font size="4"><b><u><span style="font-family: Calibri;">The
World Is Revolting Against the </span></u></b><b><u><span style="font-family: Calibri;">US</span></u></b><b><u><span style="font-family: Calibri;"> Economic and Business Model:
A Call to Action</span></u></b></font></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">Hundreds of thousands of
people, young and old, employed and unemployed, black and white, men and women,
have come together in a continuing and lasting global unity, partaking in a dialogue
of civilisations and peoples in consideration for the common good.<span>� </span>This global movement has risen in a thousand
cities, in 82 countries on six continents, from Zuccotti Park in New York to
Oakland, California; Wall Street to St. Paul�s in London; Frankfurt to Madrid,
Rome to Athens, Chicago to Sydney and more, rejecting neo-liberalism as
depicted in the US�s economics and business model, demanding a better, kinder
and more humane world. The crises of ecological devastation and glaring social
and economic inequality are pushing the planet to the brink of catastrophe.
Perhaps this revolt against the US Economic and Business model is occurring
just in the nick of time.</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">Given the context of the
times, we invite you to reflect on the two very important points highlighted
below:</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">1-<span>��� </span>On October 13th 2011, The Economist in its
ninth ranking of international MBA Programmes, ranks the world�s top 30
programmes, and identifies the top 20 to be from the US. </font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">Source: </font><a href="http://www.economist.com/node/21532270" target="_blank"><font color="#0000ff" size="4">http://www.economist.com/node/21532270</font></a><span><font size="4">� </font></span></span></p>
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</font></font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">2- The first Nobel Prize in
Economics was awarded in 1969. Between that year and 2011, 42 Nobel Prizes in
Economics have been awarded. Out of these prizes 26 have been awarded outright
to US citizens (62%) and a further 9 have been awarded to US citizens jointly
with other nationalities.</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">Source: </font><a href="http://www.britannica.com/EBchecked/topic/416856/Nobel-Prize/273432/Economics" target="_blank"><font color="#0000ff" size="4">http://www.britannica.com/EBchecked/topic/416856/Nobel-Prize/273432/Economics</font></a><font size="4">
</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><font size="4"><b><u><span style="font-family: Calibri;">At this point the pertinent Question is</span></u></b><span style="font-family: Calibri;">: if
20 of the 30 top MBAs and Business Schools are in the US, and 62% of the Nobel
Laureates in Economics have been awarded to US Citizens then why is it that the
US business, economic, social, environmental, healthcare, education, banking
and finance, politics and international relations, Wall Street,..., and much
more are all so discredited? Why is it that the policies, thoughts, and values
that shape and guide the </span><span style="font-family: Calibri;">US</span><span style="font-family: Calibri;">
economic system and Business school model are so unable to explain either the
scope or severity of the crises we face, so ill-equipped, out of touch with,
and unable to explain the revolt which is permeating the globe?</span></font></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><font size="4"><span style="font-family: Calibri;"><span>�</span>In our judgement, </span><span style="font-family: Calibri;">Business</span><span style="font-family: Calibri;"> </span><span style="font-family: Calibri;">Schools</span><span style="font-family: Calibri;">,
MBAs, and top Economics programmes have failed in three distinct ways.</span></font></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">They have failed to
adequately address questions of values, ethics, social customs, traditions, and
spiritual dimensions and their role in under girding a healthy economic system.</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">They have failed to inculcate in students a
sufficient appreciation of market failure in the cases of a lack of
competition, asymmetrical knowledge, public goods, and externalities.</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">Finally they have failed to adequately instil in
students the understanding that even when markets are efficient, that they will
likely lack social and ecological justice and that these extra-efficiency
standards are worthy social goals.</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><span><font size="4">� </font></span></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">We need to question the
functionality of the existing economic system that has created a massive and
widening gap between a few super rich and the many in abject poverty. We need
to examine the soundness of extracting growing profit from a highly leveraged
and unsustainable real sector in the face of massive numbers of disenfranchised
people who are deprived of a potentially prosperous economic life. We need to
question the ability of mother earth to support the extravagance of our blind
and ignorant consumerism.<span>� </span>We also need
to put self interest in perspective, and balance it with concern for the common
good and for other species and the earth.</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">We should recall the wisdom
of Adam Smith, �father of modern economics�, who was a great moral philosopher
first and foremost. In 1759, sixteen years before his famous <i>Wealth of
Nations</i>, he published <i>The Theory of Moral Sentiments</i>, which explored
the self-interested nature of man and his ability nevertheless to make moral
decisions based on factors other than selfishness. In The Wealth of Nations,
Smith laid the early groundwork for economic analysis, but he embedded it in a
broader discussion of social justice and the role of government. Today we
mainly know only of his analogy of the �invisible hand� and refer to him as
defending free markets; whilst ignoring his insight that the pursuit of wealth
should not take precedence over social and moral obligations, and his belief
that a �Divine Being� gives us �the greatest quantity of happiness�. We are
taught that the free market as a �way of life� appealed to Adam Smith but not
that he thought the morality of the market could not be a substitute for the
morality for society at large. He neither envisioned nor prescribed a
capitalist society, but rather a �capitalist economy within society, a society
held together by communities of non-capitalist and non-market morality�. As it
has been noted, morality for Smith included neighbourly love, an obligation to
practice justice, a norm of financial support for the government �in proportion
to [one�s] revenue�, and a tendency in human nature to derive pleasure from the
good fortune and happiness of other people. </font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: justify;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">Building a new economics
system will demand challenging and novel ways of thinking, perspectives that
encompass the broad swath of human experience and wisdom, from the natural
sciences and all the social sciences, to the philosophical and spiritual values
of the world�s major religions and of indigenous peoples as well.<span>� </span>The task before us is a daunting one, and
wisdom in how to proceed will come from a multiple of sources, and must embrace
the panorama of cultural and disciplinary perspectives.<span>� </span>Practical steps are of the essence and we
therefore propose some for you to consider.<span>�
</span>We also ask for your suggestions in expanding this list of practical
steps, so that we can begin a dialogue on where we go from here in building a
better world for ourselves and for future generations.</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt; text-align: center;" class="MsoNormal" align="center"><b><span style="font-family: Calibri;"><font size="4">A few practical steps</font></span></b></p><font size="4">
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</font></font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">1, a guaranteed income or meaningful job to all
by society</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">2, a tax on financial transactions</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">3, access by the poor to credit markets</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">4, reigning in executive pay in financial firms</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">5, taxing capital gains and dividends at the same
rate as wages and salaries</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">6, elimination of too big to fail</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">7, massive use of usury free lending to provide
basic human needs, and expand the quality of human life in ways that are
environmentally friendly</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">8, a resurgence of financial regulations to
reduce moral hazard, adverse selection, and to improve the flow of information
to consumers</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">9, a serious global commitment to dramatically
reduce carbon emissions, preserve habitat for endangered species, and to price
goods and services with environmental costs in mind</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">10, an increase in funds for education at all
levels, with education as a right</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">11, the grounding of Business and Economics
education in social, moral, and ethical values and principles</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><font size="4"><span style="font-family: Calibri;">12, a dramatic reduction in global military
budgets and a significant reduction in the </span><span style="font-family: Calibri;">U.S.</span><span style="font-family: Calibri;">
military presence throughout the world</span></font></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">13, creation of an International Fund for Peace,
recognizing approximate words of Pope Paul the Sixth, �that without Justice
there can be no Peace,� that true peace must spring from the access of all to
the means of life and the ability to be fully functioning members of the global
community</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">14, the strengthening of multilateral global
institutions and structures, the development of new ones, and the gradual
elimination of the right of veto by major countries at the UN</font></span></p><font face="Times New Roman" size="4">
</font><p style="margin: 0cm 0cm 0pt;" class="MsoNormal"><span style="font-family: Calibri;"><font size="4">�</font></span></p><font size="4"><font face="Times New Roman">
</font><span style="font-family: Calibri;">We call upon you to support this "Call to
Action" by adding your name, affiliation and the country of residence, and
any suggestions for additional practical steps to the end of this message and
send it back to Kamran Mofid. Please forward this message to your friends and
network.<span>� </span>We suspect that you are as
concerned as we are with these alarming trends in environmental destruction and
growing inequality yet are finding encouragement in the chorus of voices rising
against the existing financial and economic system. Please join us.<span>� </span></span><br clear="all"><br></font>-- <br><div>Kamran Mofid PhD (ECON)<br>Adjunct Professor, Dalhousie School of Business, <br>
Dalhousie University, Canada<br><a href="http://sba.management.dal.ca" target="_blank">http://sba.management.dal.ca</a><br>Founder, Globalisation for the Common Good Initiative(GCGI)<br><a href="http://www.gcgi.info" target="_blank">www.gcgi.info</a></div>
<div>GCGI 2012 Conference, Dalhousie University, Canada</div><div><a href="http://management.dal.ca/news/CommonGood/" target="_blank">http://management.dal.ca/news/CommonGood/</a></div><div>Member of the International Coordinating Committee (ICC), the World Public Forum, Dialogue of Civilisations</div>
<div><a href="http://www.wpfdc.org/" target="_blank">http://www.wpfdc.org/</a></div><div>Founding Member, World Dignity University, and�Global Advisory Board, Human Dignity and Humiliation Studies, Norway</div><div><a href="http://www.humiliationstudies.org/education/education.php#foundingmembers" target="_blank">http://www.humiliationstudies.org/education/education.php#foundingmembers</a></div>
<br>
</div><br><br clear="all"><br>-- <br><div>Kamran Mofid PhD (ECON)<br>Adjunct Professor, Dalhousie School of Business, <br>Dalhousie University, Canada<br><a href="http://sba.management.dal.ca" target="_blank">http://sba.management.dal.ca</a><br>
Founder, Globalisation for the Common Good Initiative(GCGI)<br><a href="http://www.gcgi.info" target="_blank">www.gcgi.info</a></div><div>GCGI 2012 Conference, Dalhousie University, Canada</div><div><a href="http://management.dal.ca/news/CommonGood/" target="_blank">http://management.dal.ca/news/CommonGood/</a></div>
<div>Member of the International Coordinating Committee (ICC), the World Public Forum, Dialogue of Civilisations</div><div><a href="http://www.wpfdc.org/" target="_blank">http://www.wpfdc.org/</a></div><div>Founding Member, World Dignity University, and�Global Advisory Board, Human Dignity and Humiliation Studies, Norway</div>
<div><a href="http://www.humiliationstudies.org/education/education.php#foundingmembers" target="_blank">http://www.humiliationstudies.org/education/education.php#foundingmembers</a></div><br>
</div></div></div><br><br clear="all"><br>-- <br><div>Kamran Mofid PhD (ECON)<br>Adjunct Professor, Dalhousie School of Business, <br>Dalhousie University, Canada<br><a href="http://sba.management.dal.ca" target="_blank">http://sba.management.dal.ca</a><br>
Founder, Globalisation for the Common Good Initiative(GCGI)<br><a href="http://www.gcgi.info" target="_blank">www.gcgi.info</a></div><div>GCGI 2012 Conference, Dalhousie University, Canada</div><div><a href="http://management.dal.ca/news/CommonGood/" target="_blank">http://management.dal.ca/news/CommonGood/</a></div>
<div>Member of the International Coordinating Committee (ICC), the World Public Forum, Dialogue of Civilisations</div><div><a href="http://www.wpfdc.org/" target="_blank">http://www.wpfdc.org/</a></div><div>Founding Member, World Dignity University, and�Global Advisory Board, Human Dignity and Humiliation Studies, Norway</div>
<div><a href="http://www.humiliationstudies.org/education/education.php#foundingmembers" target="_blank">http://www.humiliationstudies.org/education/education.php#foundingmembers</a></div><br>
</div><br><br clear="all"><br>-- <br>P2P Foundation: <a href="http://p2pfoundation.net" target="_blank">http://p2pfoundation.net</a>� - <a href="http://blog.p2pfoundation.net" target="_blank">http://blog.p2pfoundation.net</a> <br>
<br>Connect: <a href="http://p2pfoundation.ning.com" target="_blank">http://p2pfoundation.ning.com</a>; Discuss:�<a href="http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation" target="_blank">http://lists.ourproject.org/cgi-bin/mailman/listinfo/p2p-foundation</a><div>
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