ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
“When we are dreaming alone it is only a dream. When we are dreaming together it is the beginning of reality.”—Helder Camara
Angel Oak Tree, Charleston, South Carolina, USA
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Generosity Pays Dividends
‘Generosity is paradoxical. Those who give, receive back in turn. By spending ourselves for others’ well-being, we enhance our own standing. In letting go of some of what we own, we ourselves move toward flourishing. This is not only a philosophical or religious teaching; it is a sociological fact. . . . [In] failing to care for others, we do not properly take care of ourselves.’+
In December 2014, I wrote a Blog Economists Stop teaching 'The World's Dumbest Idea'! where I highlighted some of the most hypocritical and questionable teachings of the neo-liberal economists, when they champion profit maximisation, cost minimisation and the highest return to shareholders as a necessary requirement for a ‘successful’ business.
Today, I was pleased to read an article that even Walmart has concluded that this neo-liberal prescription for ‘business success’ is false. Walmart will spend $1bn to boost the wages of half a million low-paid workers, as the largest private sector employer in the US responds to public disquiet over income inequality. According to Walmart 500,000 full-time and part-time workers at its US stores would get pay rises by April, as part of a move to ensure that its 1.4m-strong workforce is paid at least $9.00 an hour — $1.75 above the federal minimum wage. By February 2016, all its existing workers will be paid at least $10.
Given the significance of this, I wish to share some excerpts from the article with you.
- Remembering the economist Bernard Maris (1946-2015)
- A Plea to address Global Youth Depression
- My Guest Blogger Fred Dallmayr: A GLOBAL STATE OF NATURE?
- Paradise Lost: Why are we turning our paradise into hell?
- “Economic Woman”: The Time is Now
- Thank you Archbishops for speaking truth to power
- Can 'Middle-class economics work'?