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Executive Manager socio-economic and finance, with special reference to Sri Lanka
Socioeconomic executive
and the financial economy
with special reference to
Sri Lanka
© 2002 Wendell W. Solomons
____________________________________________________
From the inventor of satellite communications and the concept of World Wide Web
____________________________________________________
FOREWORD
How does it work? by lines of historical time soon? This little book you choose the field credit in a given country to accompany the reader through millennia.
However, the book also offers a service to help the reader to develop issues as preserving the city in the world and its surroundings.
From that perspective, this book seems a godsend for business leaders and those preparing to careers.
Sir Arthur C. Clarke
____________________________________________________
The Governor General Sir Andrew Caldecott. He knew several representations to the State Council on the need for a bank to serve the island British Ceylon.
The first proposed to the State Council elected in 1932 by George E. Kandy De Silva, the motion received a lukewarm support …
However, a commission appointed said that lenders had become the source of funding available commercially to the average of Ceylon. These lending money is now the province of migrants Chettiar clan (of Natukottai, South India) and Pathan clan members (known locally as Afghanistan or Beys Kabul).
As much as 18% would be absorbed in the transfer of cash flows by example – by the sale of black pepper – between the market and hometown Chit Chettiar system (value of the word "sub-continent came into English, Portuguese Caixa" was an adoption even before "Cash "Kars Sanskrit.")
The study by the Commission and the proposal for the creation of a state bank with the help obtained support across the spectrum of local politics. Supporters of the State Council include HW Amarasuriya, SWRD Bandaranaike, Korea Claude, EW Perera, GG Ponnambalam and P. Sundaram.
Someone had to take the chestnuts from the fire while the idea was a government owned 50% of the bank. It there was Futurism to compare, for example, private management, then by Montegu Norman, the Bank of England, known as the Old Lady of Threadneedle Street. Outside the London metropolitan area, therefore, a committee appointed by the private bankers torpedoed the idea that the government UK controls 50% stake in the bank proposed. However, with the support of faithful and articulate men Sir Andrew Caldecott Ceylon Bank opened its doors on 1 August 1939.
HISTORICAL CONTEXT
It is for the island community contained millennia of history.
The story tells the "Eightfold Path" taught by Siddhartha Gautama, the Buddha. In the fifth aspect of the Way, the great master taught that money supply on interest was not a "Right Livelihood" or in the language original Pali – ajiva Samma. His teachings are encapsulated in the Sutta Dhammacakkappavattana, speech wise basic statement and the first in the Deer Park near Benares modern.
In the commandments on Mount Sinai, which appears as "Thou shalt not steal." On the island of Lanka Buddhists put it as "Do not take what does not exist."
Consolidated Resources Buddhists – were told to return home tile – Through savings made in interest-free savings by sharing circles of friends and relations (eg `Seetu). Similarly, without raise loans without interest, the field of community infrastructure such as roads, reservoirs have been identified for the creation through (a) voluntary or (b) royal / clerical gifts mediation work days (for example, `Rajakariya.")
Slokas commitment Pali vernacular (Cf. GK "logos") for the manuscript came several centuries after Buddha. Almost simultaneously with the collection and translation of the Scriptures written in Hebrew in the Greek of the Septuagint was completed. The inspiration came from Ptolemy II (Philadelphus) king whose government of Egypt began in 284 Ave.
The Greek Septuagint was the annals of Christianity. In the New Testament, the only act of violence recorded Jesus of Nazareth is their ability to give a boost to the hand to dislodge the traders money ("kermatistes in the original Greek) of the temple. When the church developed the first Christians, it is also unwise lending at interest. In the British Isles where Christianity had come through Patrick missionaries, followed by the Benedictine abbeys of the missionary Augustine, King Edward I exiled clans borrow money from his kingdom in 1292.
In the seventh century, Islam, emphasizing Prophet Muhammad prohibited the lending of money on interest.
MYSTERY
Today, interest-free loans of money has become no mystery here commonplace.So. What are the factors taken despised?
In millennia that led the three leaders of faith, the money came into use in the cities of the Indus Valley, Mesopotamia, the Nile Valley and other civilizations.
Before the money came into existence, receive a cloth in barter trade, a man would have to buy salt, if the man of the cloth was necessary to modify the product against salt product.
In time for buyers and sellers, always lending money to a clear advantage over barter.
Many forms of money was used for the first time. Black pepper is a major source which is then pepper cultivation in the island (the annual fee paid by the colonial Canada for the last time was the equivalent of a pound of pepper.)
Many other elements have been used for the movement until the money and gold is it the priority. The two metals change in quality or weight significantly when stored in damp areas (for example, traveling by sea in dhows and small boats navigating the early civilization of the Indus Mesopotamia and the Nile Valley).
The popularity of metals led to the emergence of skilled trades. Metals must be analyzed or purity test. If the coins in a different city Republic came, then the parts must be taken to a changer Money Exchange Specialist in local currency. Another characteristic of the coin is that it can be stored for year. It support the professional development of ATMs that specializes in lending.
SILVER DEALER
Impact on City
From the study of Hindu temples past, we find that in a division of labor, books of accounts are not maintained by scholars and priests – but often by money dealers. Sometimes, the meetings of donors are held in a hall of the temple.
Study of Hindu temples and Jews reveals that dealers of money at a time arranged for store their gold stocks and money for security in the temple precincts. Dealers also gave money received objects value and cemented ties with the underworld of thieves.
In modern times, the metro ring Moe Dalitz and Meyer Lansky called on the esplanade collect enough money for gambling made famous Las Vegas in the Nevada desert. Even more recently, "Reforms in Latin America directed by Dr. Jeffrey Sachs of Harvard (which you'll see depending on the final round of this account, the role of a vendor for the rich bankers), which led to several companies companies to the wall and change for the trade of crack. Thus, Dr. Sachs and the crime syndicates that import of the new drug in the U.S. contributed to hit the crack epidemic in the United States in recent years. It is the very heritage that created several private banks in Hong Kong, Shanghai and other parts of the Far East through the sale of opium in China, the strength of the War of Opium (1839-1860).
In the first urban settlements, if the money distributors created a force created by the merger and cumulative then, unlike other dealers and other sectors, lenders could exert undue influence on the priesthood.
In a temple where accounts were controlled by drug traffickers to the money the priest ends up being diverted to serve the community whole. A priest could not undermine the larger community in ruins from the unified force of lenders (in this case is separate from the market from inside the temple.)
Undermined priests could not keep intact a community that has been reduced to slavery security. The population that the products are sold to foreign countries. The community and the city fell into decay.
Now we can take up a story that can be found in many of today a shelf.
When Siddhartha Gautama, the sage began His teachings, the Persian Emperor posted near Nehemiah that the Jewish leaders in exile to rebuild the walls of Jerusalem. Here Nehemiah complains in the reconstruction:
"After careful thought, I rebuked the nobles and rulers, and said:" Everyone is requiring the wear of his brother. "So I called a great assembly against them. And he said:" According to our capacity, we redeemed our Jewish brothers who were sold to the nations. Now, you can even sell your brethren? Or should be sold to us? "
"… I beg you, let them wear this. "
"… Then he pulled up my robe and said, "God shake all the men of his house and property, which contains no such promise. However, it can be shaken out and emptied. '"(Nehemiah 5:5-13 NKJ)
The decline of a City and impoverishment of its population to an extent where families could be exchanged against slaves who helps us to lend money why is taboo by Nehemiah and Siddhartha Gautama despised where he taught in India during the reconstruction of Jerusalem.
The drama is written in these lines. A division in the ranks of lenders weight can cause a split in the community. In 70 AD, then rebuilt in Jerusalem fell to Eye of the Roman general Vespasian, who waited until the decline in stocks with a domestic match in which two Jewish leaders supported currency competition, a silver medal – and other – copper.
Regulation of credit
AND INTEREST
This debate should now move quickly through the history of the British period.
The period of maturity when the British Transport and communications will not preclude the maintenance of a common currency and credit system. A bank Central has been authorized by law in 1694, and although English was deprived (Nationalization was conducted by a Labour government 1946), the bank does not cut the branch on which he sat. It has helped to unify the interest rates throughout the country.
Although Uncle-niece financial clans have married into a powerful force with executive authority in England was now in the hands of a Prime Minister is not a hereditary chief. The positions of Prime Minister and members of Parliament were to be filled by elections every four years. This gave in Great Britain for a better balance between city and countryside.
As a result of these and other state and civil society, the wear and lending of money has declined. Great Britain has become a factory in the world, has thrived on foreign trade and conquest. It is in the new context Today banking giant systems are in place and the world again.
The reform of the credit system
CEYLON ISLAND E
Ceylon known system of banking reform and interest in him. Sir Andrew Caldecott and his predecessor, Governor General Sir Reginald Stubbs, with the support of that interest.
This has led Bank of Ceylon facility in 1939, but there were large events. World War 2 intervened. Then came in 1948 granting the independence of the island.
In the 1950s, when Afghans Chettiars and pay 10% a month or more, the Bank of Ceylon was the granting of commercial loans at around 4% per year. It can be seen in a world of difference rates, the first fee and the second one month – a year.
Even if the benefit is clear, the Bank of Ceylon, transferred to the local management of Great Britain, it was not the opening of branches to increase the benefits for business development in the community. The reasons for this need for research slow separately, but there was a senior banker at the Bank of Ceylon, the inspector of branches, which has been prepared to meet the technical basis for the creation of another bank.
Trained at the School of RE Blaze ", the creator of the safety of the road Island the first season, Wilmer H. Solomon, sports, scholar, organist and lay preacher in 1961, has accepted an appointment as Director General of a proposed state bank. Conducted several other banking professionals from the People's Bank again. Dozens of branches and then in a few years, hundreds of people. Who releases the energies of the bankers at the Bank of Ceylon and they also extended to several hundred branches.
No service agencies while others are spread more rapidly than the banks were on the island. If they are taken compared to the size of the population, speaking at the international level there is a visible record activism – and the public sector.
With the rise of banking, manufacturing and operate several businesses have been created. At that time, speak once again at international level, there was no possibility to the island's economy to grow by the formula of the East Asia and Western Europe. The fastest known for Development Economics is a priority, the formula for the manufacturing industry, mainly used in Japan and shortly after Korea.
But nations later a strategic objective to contain the Soviet bloc nations. The island of Ceylon fell into another category – The United Nations is not strategic.
The first method post-World War 2 dealers money used for tactical strikes out of control British Parliament, was to reverse the economic progress in non-strategic, including Sri Lanka.
In its first report in 1952 for Island World Bank began to promote the disposer of the virgin forest at public expense to distribute blocks of two acres of land to individual farms. In Great Britain, was then an average of 80 hectares to the difference (in the context of a country agriculture holding focuses on agricultural land fragmented.) In United States the average was found with thousands of hectares. The use of tractor tillage, combine and crop spraying air for a competitive agriculture, 5% of the population is then fed through the United States.
In 1948, the new state of Israel, kibbutzim type of concentrated holdings, intensive agriculture has achieved to exist. This competitive agriculture was removed from the base of economic calculation of Ceylon. The medical report from the World Bank on development of Buffalo yoked plow through was paid in the gorges of the state of the island after independence.
informed opinion on the island asked about the investment in terms of the future children of farmers walking barefoot in the mud deep tilling the soil with water buffalo plow yoke and culture rice. In the history of agriculture is known to release the young person in employment in cities. So in tribute to the individual voices recorded for all time in the Journal of Parliamentary debates, whether we are young people who have been expelled from more and more hungry for work – and used in the hands of insurgents and the army, which hit the island.
For twenty years the country has experienced a slow growth chart. Consequently, students of economics has begun to consider the first model of the World Bank – charlatanism.
Model current
control system BELIEF
Triumph end then left.
Media Network was saturated literature by the words "free world". In 1977, the World Bank and the IMF began to tingle with the words "freedom of choice."
The The title was created by a series of videos that the name of Milton Friedman and his wife. Friedman had climbed to the rostrum of the United States Presidential Adviser. I had no intention to launch its series of videos on the financing of taxpayers.
From this rostrum, the group could also send trainees to take control of university professors from the United States and international organizations like the World Bank and IMF headquarters in Washington DC These trainees came to be nicknamed the Chicago Boys (i) for the Chicago School (as a discipline Friedman) and (ii) to the Chicago Boys famous criminal Al Capone (Italian Mafia) who were beaten by the crowd subordinates Meyer Lansky (Maier Suchowljansky, 1902-1983, Khazar Ashkenazi).
model Friedman was initially called "Voodoo Economics" to the United States. In a specific country addressed Friedman "Freedom" as a means to adapt the system to determine the value of people spitting in the community, so (an idiomatic expression in Hebrew and Russian), or poison the well.
To this end, standing on a platform at taxpayer expense, Friedman began an attack on the "collectivist" third class public sector because the sector Private, unique and is the only engine of progress. A community group enters the second-class compartment when it is absorbed by a private company. A body in the Community between first-class compartment, if supported by an individual.
A predecessor The Chicago Boys have settled in Margaret Thatcher's Downing Street office. The philosopher in residence chosen to redefine the system of beliefs for Blair Allan Walters. A subsequently renovated exclaimed: "There is no such thing as society – not just individuals and families."
Allan Walters was given residence time to persuade the Prime Minister to take Britain "collectivist third class" first-class compartment.
If collectivism is deplored by the Chicago Boys, so not only denounce Israeli kibbutzim adopted, direct development of 19th century Tsarist Russia farming communes.
the logic of the Chicago Boys condemned as collectivist – Scientific Societies scientists and engineers. It is the logic censorship every church, mosque, temple or synagogue. To listen and make a scientific society a limited liability company gives a second-class status. To go further and convert the company in possession one person who poses unparalleled excellence ideal first-class Chicago Boys.
Ayn Rand script associated with Friedman execution in this way in his book "anthem" of the 1930s.
"The word 'lime is that we paid on men, which defines and hardens to stone, and crushes all beneath it, and what is white is black and who are also lost in the same gray. "
When the British obtained a particular mix of public and private sectors (for example, Bank of Ceylon was established under the auspices the public sector), the mid-1970s, Friedman and his Chicago Boys began their encouragement of private sector against the public sector. The mania for privatization has been induced. Songs filibusters, fly-by-nights and marauders are emboldened to attack community facilities in the public sector.
A trigger attacks property social, a first objective has been elected to Sri Lanka. We have chosen a development scheme of the book – has designed a decade earlier by a team United Nations consultant. Free tiles filibusters office until the night "to become builders of dams," the equipment suppliers "," Transport and other contractors. Free starter overhead cream manufacturers, while the real advantage of construction was carried out by foreign firms. However, to reduce the significant costs of local and foreign, the United Nations team technical design provided for the construction for a period of 25 years.
A Friedman let `engine of progress" running at full speed, the time interval was reduced to nine years. In addition to the huge increase in costs to taxpayers, the rush caused damage to the environment by design engineers protected by the creation of the initial plan of 25-years.
The DEBT SELLERS incursions
During the decades of 1977, when the Friedman model has been implemented with a vengeance, we have seen poisoning the common good to be intense. During the same period in Singapore (which sent the children to education in Colombo in the 1950s) obtained classification as a developed country.
In August 1998, Milton Friedman had this to say in an interview on CNN on the agenda as their own practice for students in their offices Fund
"… We talked about the IMF rescue in Thailand, the IMF is not to save Thailand. It is to help the poor in Thailand and is now suffering a recession are in. It is to save the bankers in New York and London and Berlin made loans to Thailand. "
With every crisis, and all induced an increase in national debt, sellers Friedman Chicago Chico debt to the World Bank and IMF to grant a license other arm twisting of the economy of Sri Lanka. From interest 4% in 1950, businesses are now paying over 20% of the money from banks. It is as if the pawnbroker, for suppliers Friedman, broke the ceiling and confuses the growth of companies in Sri Lanka, unlike in Singapore.
A calm has returned to the island after two decades of civil war. The war was preceded and accompanied by the fanfare around joking economic reform.
In 2002, the lull in fighting and future peace talks has been completed, the Chicago Boys of the World Bank and the IMF was out with his new mechanical Brass Friedman preaching reform scam. Do not expect peace talks be held before specifying their pound of flesh next to the population?
In the scam, the "privatization" is a boomerang rebound in the private sector that the higher labor costs for medical expenses and transport, which can not be financed by bank debt by 20%. In addition, the morality in the individual enterprise is hampered by incitement to spit in your own business as well.
The friction and jealousy affect cooperation and productivity of work and, therefore – Service customer. For best results, we find that for the last quarter century the Chicago school has been promoting through his art sell the macabre dependence on public sector lending and private banks. The formula is little David against Goliath depend. But there is no more. Given that the IMF acts as a proxy for large banks – in the estimation of these banks own mammoth Friedman win all the possibilities of access to information within the IMF on future interventions. This way, you get a chance to attack unfair currency countries markets Goliath. In Brazil, money siphon was abroad at the rate of
300 million dollars a day.
To be in Japan and Singapore to meet the import bill of the country of scarce natural resources to pay their way through the export of goods and services.
In Sri Lanka, fraud privatization is always a goal. Incitement to poison the evacuation of energy and industry and government. It eliminates the possibility of targeting 18 million people in Sri Lanka in a group of products or services that may be exported by a competitive city of its size.
Capacity limits stupor are met. To renegotiate the debt owed by 25 years of grass to the right recipe, a large part of Sri Lanka must wake up and realize both feet. Millennia of history should remind the island to protect its control of the deadliest disasters he has seen.
About the Author
mafia wars down for planned maintenance