Friday, March 08, 2013

Prosperity requires new thinking

THERE is something the Honourable Dennis Lalor always says to me that has a lot of relevance for the country, and individuals. That is: "Bird seed don't make John Crow sing." For any reader who is not Jamaican, a John Crow is the same thing as a vulture. What it simply means is that no matter how much bird seed you feed to the John Crow, it will never sing like a bird simply because it cannot.

Similarly, Albert Einstein said the definition of madness is to do the same thing over and over again and expect different results.

EINSTEIN... said, the definition of madness is to do the same thing over and over again and expect different results.

In effect, what both gentlemen mean by the respective quotes is that if you are doing something that can never produce the result you desire, then doing it over and over again can never give you the result you want. In other words, in order to get the result you want it is necessary to approach the problem with new methods and thinking.

So recently I have heard comments to the effect that the Jamaican dollar is overvalued, and that we need to let it find its true value. There have even been target rates quoted such as J$120 and J$150 to US$1. My question, though, is can we allow the dollar to devalue within the context of the current environment where productivity capacity is limited, where the major component of imports is oil, and where a significant part of our export inputs are imported. Is devaluation going to make us use less oil, if we do not change our energy source first, or are the exporters going to absorb the import cost increases when they price their exports?

Similarly, can we really improve the efficiency of the bureaucracy by just laying off public sector workers, or would it not be more beneficial to approach the problem from the point of view of changing the rules and processes to create a more efficient environment?

As individuals, can we improve our financial situation by the same consumption and investment habits we had before, or do we need to change them?

From both the country and individual perspective, if what we have been doing is giving us the results we want, then obviously there is no need to change it. And you should keep doing what you have always been doing. If, however, you are not happy with the results, then it means that you have been feeding bird seed to a John Crow and expecting it to sing. In other words, if you want to hear singing then you have to realise that it makes no sense feeding the John Crow, as it will never sing. Get rid of the John Crow and get a bird that has the ability to sing.

Only after you have done that do you even stand the possibility of hearing any singing coming from the bird. Note that the John Crow is a bird, but it is not one with the ability to sing.

So, if we want to see a country or individual prosper, then doesn't it similarly mean that we have to ensure that we equip ourselves with the resources that will lead to prosperity? If we change the brand bird seed, and feed it to the John Crow it still won't sing. Even if we increase the quantity, and change the brand, the John Crow still won't sing.

So, irrespective of how much money we get to borrow from multilaterals, and no matter how much tax we put on the people of Jamaica, and no matter how many public sector workers we lay off, or how many wage freezes we have, the fact is that if we continue to make these changes within the context of an environment that is not competitive or productive, it really is nothing more than an exercise in frustration.

The only way for us to see any sustainable prosperity in Jamaica is to fix the structural problems we have. And these structural problems have been with us since Independence, as even the growth in the booming 1960s was primarily because of foreign investments. All the structural challenges existed at that time also.

What are the major structural issues we face? Energy cost, inefficient bureaucracy, law and order, and the need for proper tax and incentive reform. Doing anything else without fixing these is, well, giving bird seed to a John Crow and expecting it to sing.

From an individual's perspective the same applies. If you have financial challenges and it arises primarily because your consumption expenditure is too high for your income, then refinancing any debt you have will not change your financial problems. What you must do is radically change the way you consume in relation to your income. For an individual it is much easier as you can get a good financial advisor to assist. Just make sure you get a good one and follow the advice. In other words, resist the temptation of buying a dog and then do the barking yourself.

In both cases, what is needed for any increase in prosperity has to start with a new way of thinking. This is the first step in changing that paradigm. Regrettably, I do not think that as a country, and as individuals, we have realised that this is the first step. So the old way of thinking persists and what happens is that the same ideas used in the past are repackaged under a different name. And sure, you can always get away with selling a newly repackaged item at least once. But the taste and effect are going to be the same, irrespective of the packaging.

So in order to hear that sweet singing sound that only a bird can make, let us first think about what type of bird can sing, and which one delivers the melody we want to hear, before we start feeding it bird seed.

37 comments:

Anonymous said...

Remarkable! Its actually remarkable piece of writing, I have got much clear idea concerning from this piece
of writing.

my page: http://mysticvistas.com/search.php?q=Garcinia+Cambogia+Supplement&Submit=Go

Anonymous said...

I'll right away snatch your rss feed as I can't in finding
your email subscription link or e-newsletter service.
Do you have any? Please permit me understand in order that I
could subscribe. Thanks.

my webpage :: http://puregarciniacambogias.com

Anonymous said...

Hi to every one, the contents present at this site are really amazing for people knowledge, well, keep up the nice work fellows.


Check out my webpage ... roboticsworld.org

Anonymous said...

Thanks , I've just been looking for info approximately this topic for a while and yours is the best I've came upon
so far. But, what about the bottom line? Are you positive concerning the
source?

My weblog: how Much should i Weigh for my age

Anonymous said...

Thanks in support of sharing such a pleasant
thinking, article is pleasant, thats why i have read it completely

my blog post ... diets that work

Anonymous said...

It's very straightforward to find out any topic on net as compared to textbooks, as I found this post at this site.

Also visit my homepage safe Diets

Anonymous said...

Attractive component of content. I just stumbled upon your web site and in accession capital to say that I
get in fact enjoyed account your weblog posts. Any way I will be subscribing
for your augment or even I fulfillment you get right of
entry to consistently rapidly.

my webpage; calories walking

Anonymous said...

When some one searches for his vital thing, thus he/she wishes to be available that in detail, thus that thing
is maintained over here.

my blog post - registry cleaner review

Anonymous said...

Hello there! Do you know if they make any plugins to assist with SEO?

I'm trying to get my blog to rank for some targeted keywords but I'm not seeing very good gains.
If you know of any please share. Appreciate it!

my page; height to waist ratio

Anonymous said...

I'm truly enjoying the design and layout of your site. It's a very easy on the eyes
which makes it much more enjoyable for me to come here and
visit more often. Did you hire out a designer to create your theme?

Superb work!

Here is my web site ... waist hip ratio

Anonymous said...

Hmm it appears like your blog ate my first comment (it was super long) so
I guess I'll just sum it up what I wrote and say, I'm thoroughly enjoying your blog.

I as well am an aspiring blog writer but I'm still new to the whole thing. Do you have any suggestions for inexperienced blog writers? I'd certainly appreciate it.


my page easy diets for women

Anonymous said...

I visit daily some websites and blogs to read articles or reviews, but this web site offers feature based articles.


Here is my blog; bmr calculator for women

Anonymous said...

Oh my goodness! Awesome article dude! Thank you,
However I am encountering troubles with your RSS.
I don't understand the reason why I am unable to join it. Is there anybody else having similar RSS problems? Anybody who knows the solution can you kindly respond? Thanx!!

my web blog; bankruptcy laws in florida

Anonymous said...

I know this web site provides quality based posts and extra
information, is there any other site which presents such data in
quality?

my blog post diet plans that work

Anonymous said...

Hello There. I discovered your blog using msn. This is a
very smartly written article. I will make sure to bookmark it and return to learn more of
your useful info. Thanks for the post. I will certainly return.


My web-site - safe diets

Anonymous said...

Howdy! This post couldn't be written any better! Reading this post reminds me of my good old room mate! He always kept chatting about this. I will forward this page to him. Pretty sure he will have a good read. Thanks for sharing!

my web page ... raspberry ketones reviews

Anonymous said...

I know this if off topic but I'm looking into starting my own weblog and was wondering what all is required to get setup? I'm assuming having
a blog like yours would cost a pretty penny? I'm not very internet smart so I'm not 100% certain. Any tips or advice would be greatly appreciated. Thank you

My blog post :: microsoft registry cleaner

Anonymous said...

Have you ever thought about writing an e-book or guest authoring on other sites?
I have a blog based on the same information you discuss and would love to have you share some stories/information.
I know my readers would appreciate your work.
If you're even remotely interested, feel free to send me an e-mail.

Here is my website ... registry cleaner

Anonymous said...

Hey I know this is off topic but I was wondering if you knew of any widgets I
could add to my blog that automatically tweet my newest twitter updates.
I've been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this. Please let me know if you run into anything. I truly enjoy reading your blog and I look forward to your new updates.

My web blog - diets that work for women

Anonymous said...

I am really impressed with your writing abilities as neatly as with
the format to your weblog. Is that this a paid topic
or did you customize it yourself? Anyway keep up
the nice quality writing, it's rare to see a great blog like this one nowadays..

my homepage ... raspberry ketone

Anonymous said...

I tend not to drop many responses, however after reading through some of the responses on
"Prosperity requires new thinking". I do have some questions for you if
you do not mind. Is it only me or do a few of the comments look like they
are left by brain dead individuals? :-P And, if
you are posting at other places, I'd like to keep up with you. Would you post a list of every one of all your shared pages like your linkedin profile, Facebook page or twitter feed?

Review my webpage: bmi calculator women

Anonymous said...

Hello! I know this is kind of off topic but I was wondering which blog platform are you using for this website?
I'm getting sick and tired of Wordpress because I've had issues with hackers and I'm looking at alternatives for another platform. I would be great if you could point me in the direction of a good platform.

Feel free to surf to my site ... ways to lose weight fast

Anonymous said...

Wow, amazing blog layout! How long have you been blogging for?

you make blogging glance easy. The entire look of your web site is fantastic, let alone
the content!

Also visit my site ... simply click the following post

Anonymous said...

I'm now not sure the place you're getting your info, but good topic.

I needs to spend a while studying more or figuring out more.
Thanks for magnificent information I was on the lookout for this info
for my mission.

Review my blog post diets that work fast for women

Anonymous said...

This is a topic that's close to my heart... Many thanks! Where are your contact details though?

Feel free to visit my web blog - bmr calculator for women

Anonymous said...

Hi there, I log on to your blog daily. Your humoristic style is awesome, keep up the good work!


My blog post ... diets that work

Anonymous said...

Everyone loves what you guys are usually up too.
This sort of clever work and exposure! Keep up the awesome works guys I've incorporated you guys to blogroll.

Visit my web site airplane simulator

Anonymous said...

Why users still make use of to read news papers when in this technological world the whole thing is accessible on
web?

Check out my weblog ... please click the next webpage

Anonymous said...

Pretty nice post. I simply stumbled upon your weblog and wanted to say that I've really enjoyed surfing around your blog posts. After all I'll be subscribing on
your feed and I am hoping you write again very soon!


My homepage :: Garcinai Cambogia Review

Anonymous said...

We stumbled over here coming from a different web page and thought I
should check things out. I like what I see so now i'm following you. Look forward to looking over your web page repeatedly.

Also visit my webpage; Diet pills

oakleyses said...

coach purses, louis vuitton handbags, kate spade outlet online, nike air max, michael kors outlet, michael kors outlet store, oakley sunglasses, burberry outlet online, coach outlet store online, michael kors outlet online, louis vuitton, louboutin shoes, louis vuitton outlet, louis vuitton outlet online, louis vuitton outlet, polo ralph lauren outlet, gucci handbags, oakley vault, longchamp handbags, polo ralph lauren, coach outlet, michael kors outlet online, tiffany and co jewelry, jordan shoes, burberry outlet online, ray ban outlet, nike air max, coach outlet, cheap oakley sunglasses, kate spade handbags, red bottom shoes, ray ban sunglasses, chanel handbags, christian louboutin shoes, nike free, tory burch outlet, christian louboutin outlet, nike shoes, prada handbags, tiffany jewelry, longchamp outlet, michael kors outlet online, prada outlet, longchamp outlet online, michael kors outlet online

oakleyses said...

north face pas cher, louis vuitton pas cher, nike roshe run, hollister, barbour, ralph lauren pas cher, converse pas cher, nike air max, vans pas cher, nike air force, abercrombie and fitch, nike trainers, louis vuitton uk, true religion outlet, mulberry, sac louis vuitton, ray ban pas cher, nike huarache, nike free pas cher, michael kors canada, hollister, timberland, longchamp pas cher, hermes pas cher, sac vanessa bruno, air max, nike blazer pas cher, longchamp, ray ban uk, lacoste pas cher, michael kors uk, chaussure louboutin, air max pas cher, nike free, sac michael kors, louis vuitton, burberry pas cher, ralph lauren, nike roshe, air jordan, true religion outlet, new balance pas cher, lululemon, oakley pas cher, guess pas cher, nike air max, scarpe hogan, tn pas cher, north face, true religion

oakleyses said...

babyliss pro, p90x workout, valentino shoes, canada goose pas cher, rolex watches, canada goose outlet, abercrombie and fitch, mcm handbags, lululemon outlet, canada goose outlet, new balance outlet, soccer shoes, bottega veneta, wedding dresses, insanity workout, hollister, canada goose, jimmy choo shoes, ugg outlet, ugg boots, north face outlet, uggs outlet, ghd, asics shoes, marc jacobs outlet, giuseppe zanotti, ferragamo shoes, longchamp, reebok outlet, birkin bag, north face jackets, canada goose uk, celine handbags, vans outlet, nfl jerseys, uggs on sale, ugg, moncler, mont blanc pens, roshe run, canada goose outlet, moncler outlet, mac cosmetics, chi flat iron, herve leger, beats headphones, moncler, ugg soldes, soccer jerseys, instyler ionic styler

oakleyses said...

christian louboutin uk, cheap oakley sunglasses, prada outlet, ugg boots, longchamp outlet, burberry outlet, tiffany jewelry, longchamp outlet, oakley sunglasses, michael kors outlet online, polo ralph lauren outlet online, christian louboutin shoes, tiffany and co, michael kors outlet online, michael kors outlet, oakley sunglasses, chanel handbags, michael kors outlet online, polo outlet, uggs outlet, ray ban sunglasses, louis vuitton outlet, longchamp outlet, tory burch outlet, louis vuitton, louis vuitton outlet, kate spade outlet, michael kors outlet, ugg boots, oakley sunglasses, nike free, prada handbags, burberry handbags, louis vuitton, ray ban sunglasses, christian louboutin outlet, louis vuitton outlet, uggs outlet, christian louboutin, oakley sunglasses wholesale, jordan shoes, uggs on sale, michael kors outlet online, nike air max, nike air max, nike outlet, ray ban sunglasses

oakleyses said...

timberland pas cher, north face, nike free run, coach outlet store online, polo lacoste, kate spade, sac vanessa bruno, mulberry uk, hollister uk, nike air max uk, true religion outlet, burberry pas cher, north face uk, polo ralph lauren, lululemon canada, ray ban uk, oakley pas cher, michael kors outlet, hollister pas cher, coach purses, michael kors, nike roshe run uk, sac longchamp pas cher, nike tn, vans pas cher, nike blazer pas cher, michael kors pas cher, converse pas cher, ralph lauren uk, coach outlet, sac hermes, jordan pas cher, nike free uk, replica handbags, michael kors, true religion outlet, guess pas cher, true religion jeans, air max, nike air force, nike air max uk, new balance, nike air max, longchamp pas cher, abercrombie and fitch uk, true religion outlet, ray ban pas cher, nike roshe, hogan outlet, louboutin pas cher

oakleyses said...

nike air max, s6 case, ralph lauren, instyler, nfl jerseys, vans outlet, soccer shoes, oakley, iphone 6s cases, nike roshe run, iphone 6 plus cases, mont blanc pens, hollister, nike trainers uk, herve leger, iphone 6s plus cases, north face outlet, beats by dre, hollister clothing, chi flat iron, timberland boots, ferragamo shoes, iphone 6 cases, iphone cases, abercrombie and fitch, ghd hair, asics running shoes, valentino shoes, insanity workout, babyliss, jimmy choo outlet, longchamp uk, celine handbags, iphone 5s cases, mcm handbags, nike huaraches, ipad cases, p90x workout, reebok outlet, bottega veneta, north face outlet, hermes belt, wedding dresses, lululemon, soccer jerseys, giuseppe zanotti outlet, new balance shoes, mac cosmetics, baseball bats, louboutin

oakleyses said...

barbour, converse outlet, swarovski crystal, moncler, canada goose, hollister, louis vuitton, links of london, juicy couture outlet, gucci, moncler, louis vuitton, pandora jewelry, pandora jewelry, moncler, canada goose outlet, montre pas cher, supra shoes, ray ban, hollister, ugg,uggs,uggs canada, ugg, pandora uk, moncler outlet, ugg uk, louis vuitton, moncler uk, lancel, converse, moncler outlet, moncler, barbour uk, thomas sabo, ugg pas cher, replica watches, canada goose outlet, canada goose uk, marc jacobs, doudoune moncler, canada goose, nike air max, toms shoes, swarovski, wedding dresses, ugg,ugg australia,ugg italia, coach outlet, canada goose, juicy couture outlet, vans, karen millen uk, louis vuitton, pandora charms