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An Original DocumentThinking vs Reality
Passionate opinions and propaganda

  Understanding the lessons your life is teaching you.  

  Economics Homepage

   Thinking v Reality

  Created by Us

  The USA

  Adopting New Ideas

  Economic Failure

  Driving Change


  Primary Industries

  Self Organisation

  Debt is a Weapon

  Economic Freedoms

  Steady State Economics

Human thinking is part of reality.  But we are too small and our understanding too limited for our thinking to be soundly based.  Our most trusted "knowledge" is often merely propaganda we refuse to abandon.  We cannot escape the consequences of our own decisions in the long run. 

Your thinking affects the thinking of other people.  Our combined thinking can sometimes expose the truth so many of us are trying to avoid.  Knowledge once we recognise it, forces us to action. 

But people prefer happy stories.  Our hopes and dreams encourage us to "believe" that some secret formula is at work that can save us.  If we follow this preferred decision process as we often do, our group thinking diverges further and further from reality. 

"Rock-a-bye baby in the tree top" is a rhyme that tells this story. 
"When the bow breaks the cradle will fall,
  down will come baby cradle and all."

Our understanding is inherently flawed.  When we believe so passionately that we are "right" we so often stand directly in the way of the best decision.  It's only possible to search for the truth if you first admit that you've lost it.  Each of us accepting that "I am most likely wrong" is a sound basis for progress.  Then we can begin to look for better understanding of the problem and for less biased information.  The political process in every country I know about is broken and the politicians prefer it that way because it gives them more power.


How to Ask Better Questions

Jacqueline Novogratz shares stories of how "patient capital" can bring sustainable jobs, goods, services -- and dignity -- to the world's poorest.

Dignity is more important than wealthy.

Traditional aid is not on it's own a solution to poverty.

Markets alone are not going to solve the problem.

She tells two stories about success in Africa, both providing work for local people solving the malaria problem.  Novogratz talks about the power of patient capital, to help people become productive.

In particular they discovered that a mosquito net that cost about $12 to make and distribute had to be given away.  But when the net was sold in the marketplace cost reductions were found that made the market much more secure and less dependent on foreign aid.

Jacqueline Novogratz founded and leads Acumen Fund, a nonprofit that takes a businesslike approach to improving the lives of the poor.