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    The Legatum Prosperity Index.......

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    papa_umau
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    The Legatum Prosperity Index.......

    Post by papa_umau on Tue 31 May 2011, 12:03 pm

    The WHAT? I hear you say !

    To start to understand this, find out about it HERE.

    A comment on Scottish independence by Professor John Kay - see THIS article - suggests that Scotland would have little to gain from independence but The Legatum Prosperity Index - unlike with other systems that measure such success - is not simply based on wealth alone, the LP-Index bases this kind of success on the very foundations of prosperity; those factors that will help drive economic growth and produce happy citizens over the long-term. The top three nations in this index have similar or smaller populations than Scotland; Norway, Denmark and Finland, ( Estonia is a Finnish state ), with the UK in thirteenth place. This index has proven that small is indeed "beautiful" as smaller nations have the flexibility and nimbleness to quickly respond to their economic environment and to adjust policy accordingly.

    Well folks, after reading about the LP-Index what do YOU say about this postulation ?


    Last edited by papa_umau on Sun 05 Jun 2011, 9:04 am; edited 1 time in total


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    Angie baby
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    Re: The Legatum Prosperity Index.......

    Post by Angie baby on Sat 04 Jun 2011, 1:33 pm

    Now there's something that I have never heard of before !

    Mind you, I think that it is great that there is a way to measure happiness and contentment that is not just based on wealth. Money is important, but there are a lot of other things that are just as important too.

    Thanks for that Papa.

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    Re: The Legatum Prosperity Index.......

    Post by Guest on Sat 04 Jun 2011, 6:03 pm

    I am sure the good citizens of Estonia would beg to differ.

    As to your postulation you sound like ex banker Alex Salmond and his 'crescent of prosperity' following which Iceland spectacularly came unstuck!

    Leave the forecasting to the experts.

    Prosperity is proportional to the productivity of the workforce - if the population are lazy, unemployed or work for the state then there is little hope of any prosperity
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    Re: The Legatum Prosperity Index.......

    Post by papa_umau on Sun 05 Jun 2011, 9:30 am

    Clapco wrote:I am sure the good citizens of Estonia would beg to differ.

    As to your postulation you sound like ex banker Alex Salmond and his 'crescent of prosperity' following which Iceland spectacularly came unstuck!

    Leave the forecasting to the experts.

    Prosperity is proportional to the productivity of the workforce - if the population are lazy, unemployed or work for the state then there is little hope of any prosperity

    I am surprised that you take the "good citizens of Estonia" tack as previously you have shown that you do not care a fig or a jot for the welfare of the "citizens" of any country.

    I have not attempted to forecast ANYTHING, I am just highlighting a different way to calculate general prosperity.

    Did you even look at that link ?

    Iceland IS part of that circle of small but vibrant countries but it spoiled it's future by flying too high in the money game. As well as "flexibility and nimbleness" these small countries need to be governed correctly and the finances of these macro-states are no less vulnerable to the global pressures to excel than the larger ones are. It was the financial mismanagement of Iceland - and Ireland BTW - that made them fall outside the group of the best states in the LP-index.

    I agree, though, that financial prosperity IS "proportional to the productivity of the work force" but I have to augment that statement with the statement that a happy and content workforce is a productive one. When the employers drive their workforce to ever-higher attainment without any pro-rata rate of compensation and/or fair-treatment for their efforts we very quickly find that these workers are going to go to their unions for support and we will find that an unhappy workforce is a very inefficient one.

    The once again - stereotypical statement - that "if the population are lazy, unemployed or work for the state, there is little hope for any prosperity" crack is going to be listened to then the ones that listen to such rubbish are simply going to be driven by the muddy thinking behind such a conglomeration of unconnected and valueless words.

    If you want me - or anybody else - to value your words here, Clapco, then you are going to have to stop talking in dogmatic, rightist, cliche's and start talking in simple common-sense.


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    Re: The Legatum Prosperity Index.......

    Post by Guest on Sun 05 Jun 2011, 12:57 pm

    Wow - And you said Estonia was Finnish.

    So let me get this right - if anyone disagrees with you they are dogmatic and rightist?

    You are not related to Gadaffi by any chance are you!?

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    Re: The Legatum Prosperity Index.......

    Post by papa_umau on Mon 06 Jun 2011, 3:37 pm

    YES...Estonia ARE a "Finnic" people - to use the correct description - and if you do not believe me then take a look HERE and read ALL of the first paragraph that will present itself.

    No, to disagree with me is not necessarily always to be "dogmatic and rightist" but some who DO disagree with me certainly are !

    Although most of my values in life are gleaned from a "centralist" - if Social-leaning - stance, I am always willing to listen to the arguments that might be presented for some different sources of living values. Sadly, most of the people that try to persuade me to embrace the right-wing thinking only succeed in spouting dogmatised arguments. I try very hard not to be dogmatic about being a Socialist as I examine my daily values within that code minute-by-minute. I have yet to find a better way to try to treat my fellow-man even although I do keep looking for the possibility of some "better way".

    NB.... I have to make clear that while I am a working Socialist in my daily life I DO NOT embrace the hard-line fundamentalism of Marxism or of Communism, as like any other hard-line views - whether they be political or religious or ethnic - I feel that the extremist view is always an extremely flawed one.

    Don't you agree ?


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