Monday, September 16, 2013

Of Destiny and Destination




The following is an essay written by me about destiny which has been extracted from my book - The Universe - A Personal View ( page 188 to 193 )

Link to my book :-  https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxqa2hjbGlmZXN0eWxlfGd4OjM5NmM2NTViMjAzY2M5MTk

Of Destiny and Destination

There has always been a firm traditional belief in the existence of a destiny or fate in our life in one form or another regardless of cultural background. That is the reason why the fortune telling business is thriving the world over. Even top world leaders like some past presidents of USA and their better halves are frequent patrons of fortune tellers. There have even been rumours concerning some important foreign policy decisions having been made on the so-called advice from spiritual medium or fortune tellers. Silly as it may sound, it is very probable that such things did happen. When we are uncertain about our own future, we are susceptible to such mystical influences. The basis for the claimed validity of spiritual predictions is, of course, the existence of our destiny like a spiritual book of our “ future history “ that can be read by the spiritual medium. My own interest in this topic actually concerns the issue of free will rather than superstition or mysticism. Before going into the more serious philosophical issues, let us have a brief discussion on the general or common understanding of the term destiny which some
people would prefer to call fate.
The term destiny generally refers to the claim that all the events that

occur in our life are predetermined in the sense that on the day we are born all the conditions relating to different stages of our life have already been set by nature ( or a deity ) or according to some mystical laws that take into account our behaviour in our previous or present lives ( which will then affect our next life ). Another term for destiny is fate which carries similar meaning and connotation. There are even some farfetched theories which claim that by invoking some magical powers the course or destiny of one's life could be changed for the better but only at a price as a matter of course. On the less superstitious level, many people feel that there are some unexplained influences at work behind many important events in their lives which, from their personal point of view, have changed the expected course of their lives altogether. That is why they feel that destiny really exists for each and everyone. Not that I have any preconceived ideas about mystical issues because I do keep an open mind even on things that are beyond the scientific realm. However, I have to say at this particular instant that I do have serious reservations on the existence of a destiny for all of us.

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I would categorically state that the idea of a set destiny in our life is an illusion. This last term is defined as a false or misleading impression, idea, belief or understanding. Something that appears to be true but, in fact, it is not consistent with the reality. Furthermore, I maintain that this illusion of a destiny for everyone is mainly the result of the Selection Effect and the unavoidable bias on our part in favour of the materialized portion of the history of our life. This last mentioned bias is in turn due to a lack of complete understanding of the implications and interpretation of the relevant personal history. Let me elaborate my points a bit further. My salient points must be put into the context of the meaning of the term, destiny which can either be good or bad and the ex post ( on hindsight ) nature of its connotation. Take my own life for example, destiny seems to be kind to me in that I somehow made the correct ( on hindsight ) decision to change to the arts subjects in my matriculation class ( despite my traditional belief that boys should always study science ) or else I most probably ( note the word probably which could be taken to mean surely because I might not have taken up my present profession had I not been admitted to university ) would not have successfully gained entry to the university because of my weakness in mathematics. Before I proceed further with my example, I must make a slight detour to go into the hypothetical case of my failing to enter the university ( which did not happen ) because it will illustrate my point on the built-in bias in favour of the materialized portion of history. If I were a believer in destiny, I would simply say that my destiny is such that I am destined to have a reasonably good career because the good thing did happen in my life. This is the bias I have referred to above. On the other hand, if I was unlucky enough to have made a decision to go for the science subjects, there is no guarantee that I was bound to fail my matriculation examination or the university would be a no go zone for me ( which admittedly would be more probable if I had taken science subjects ). There could be other possibilities and, in fact, an infinite number of possibilities according to the Many Worlds Interpretation of Quantum Theory when we are faced with any decision. You always end up with only one, the materialized portion of your life history which most people call your destiny ( it is actually your personal history ). I might still be lucky enough to enter the university on science subjects or failing that I might still have a reasonably good career as say, a teacher, although it might have been less rewarding financially. If this had been the case, I would have simply said that I had a bad destiny in life if I were a believer and the actually materialized portion of my life history would never be known to me. Then, there would not have been any comparison between the two different life histories. So, you will see that in either event ( i.e. good or bad destiny ), the notion of destiny applies depending on your attitude or state of mind regarding your career. For ambitious people, they are more likely to pay attetion to the good destiny and to ignore the bad ones while the opposite applies to people with no ambitions who would simply chalk their failure up to bad destiny. Conversely, coming back to my own real life history, I would just feel lucky to have had a good destiny if I were a believer. This is the working of the Selection Effect. You only pick out the facts you like to pay attention to based on your social and cultural background and previous conditioning of your brain. This is the lesson we have learned from the Science of Networks regarding history. You can never envisage other possible scenarios that did not happen or what could have been. May be they could have been better. Take my personal case. Had I taken science subjects and were lucky enough ( or worked hard enough ) to enter university all the same, then I might have become a successful research biologist because it is also one of my favourite subjects for which I got good grades but required less mathematical skill. I am not saying that this scenario had to happen but it might if I were to do my utmost to achieve this career goal because I had both the ability and temperament to succeed in this regard. My point is that the outcome of my life history also depends a lot on my personal attitudes where positive ( a necessary condition for success ) and negative ones could substantially account for my success or failure respectively. Of course, success and failure in one's life is also contigent upon luck ( which is the sufficient condition ) and there is also an additional one I call the final condition ( i. e. favourable quantum disposition ) to ensure success in anything. Because of the Selection Effect and the built-in bias towards the materialized portion of my life history I have come to feel grateful as it is a good destiny while ignoring what might have been ( that can be equal to if not better than the actual outcome ) which is understandable. Depending on whether

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your attitude on life is positive or negative, the fish that got away ( the unknown outcome ) may either be smaller or larger than your materialized catch respectively. It is anyone's guess and the same principle applies to that portion of the history of our life which did not materialize. Your feeling of what could have been depends mostly on your attitude on life. Therefore, the greatest problem in achieving success in anything is to overcome yourself in psychological terms. That is to maintain a positive state of mind.
This is not the end of the story on the issue of destiny. As a matter of fact, there are specific reasons why the term destiny is so miraculous and even fascinating to some people in more dramatic cases of life history. To start with, terms such as destiny or God ( a detailed discussion on this very important subject is forthcoming in the next section ) have some unique qualities. They are ex post statements meaning they describe a situation which had already happened ( no predictive content ) and they are also a truism meaning they state some obvious truths. Truism or tautology refers to words or statements that only have relevance in themselves and does not refer to anything outside of the system in question. In other words, they are self-referencing and have no empirical contents in the sense that they cannot be proved right or wrong by reference to facts outside of themselves because they do not relate to anything other than themselves. Take the statement :- “ My parents are the people who bring me into this world. “ It is a truism or tautology because this statement is simply setting out the obvious truth. It does not say anything more than just this :- “ my parents are my parents.” It is a mere definition of the term parents. There is no real proposition that can be challenged or proven one way or the other with reference to any facts outside of the proposition itself. Ex post statements are a description of history. It has no predictive power or content unlike their counterpart which are known as ex ante statements which make definite predictions about something. For example, the statement :- “ When interest rates go up, house prices will go down. “ This ex ante statement has a definite prediction that can be put to the test by some future events. Therefore, ex ante statements are generally more useful and have a richer predictive content than ex post ones which are wisdom after the facts or hindsights. A corollary flowing from ex post statements ( or terms ) is that they are true by definition and say nothing more than their own face value. Destiny is such a word. Unless and until we can size up all the possible outcomes and compare them with the materialized portion of our life history we cannot say with confidence ( or on any logical basis ) that our life history is predetermined or that there is a destiny for everyone. For destiny means that we cannot change the course of our life because we surely can. Remember the example I gave earlier in this book about free will. All things living and non-living are subject to the laws of nature (OR) but we can also choose to end our lives ( physical existence ) by suicide at any time and to cease to be governed by those rigid laws. Whether or not we wish to face up to life's perils in our time of trial and hardship or simply quit by taking our own lives is really up to us and us alone. It is clearly a matter of personal choice and free will. This hypothetical case gives support to the claim that our lives are not predetermined and that we are not automata responding mechanically and blindly to our set destiny. But, of course, we may still be caught by the catch-22 situation of the all embracing and ex post meaning of the definition of the term destiny which can be said either to be good or bad on hightsight. Fatalists ( the name we give to those people who believes in fate or destiny ) can still maintain in the foregoing hypothetical case that we had fufilled our good destiny if we choose to face our difficulties and live on or they can equally say that we have met our bad destiny if we actually commit suicide to avoid facing our problems in life. One way or the other, the term destiny will apply because it is an ex post concept and a piece of wisdom after the facts or simply a statement on hindsight. What destiny really means in practical terms is this :- “ your life history is your life history “ which the reader must agree to be a self-referencing tautology or truism. The bottom line is that it has said nothing useful or meaningful in the predictive or empirical sense. It does not tell us anything more than that which is already known to us within the isolated content of the statement itself. It is isolated because it refers to nothing else but itself. It actually begs the confrontational retort question of “ so what ? “
The very vital point on people's feeling about some miraculous or mystical influences in the course of their lives must be addressed here since this feeling is very often cited as a reason for their belief in destiny or fate. It is my contention that such

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feelings are a normal reaction to the complicated nature of human affairs. The ultra complex multi-lateral interactions between numerous socio-human factors ( most of which operate on the rules of Chaos and Complexity ) will very likely give rise to the mystical touch in the outcomes of events that can create a sense of fate and destiny in the observer, especially in the person involved in the particular outcome. The sense of complexity coupled with our inborn inquesitive mind to find a reason for everything ( but which we cannot in this particularly complicated issue ) very naturally lead us to the mystical conclusion of a predetermined destiny as a possible explanation for the sometimes strange and apparently unexplicable course of events. I must again draw the reader's attention to Nietzche 's saying :- “ Any explanation is better than none ! “ The important lesson we can learn from the scientific theory of Chaos and Complexity is the misguided idea of the conservation of complexity. The useful and crucial moral to be learnt here is that complex phenomena may have a very simple origin and, conversely, simple phenomena may have a highly complex origin. I strongly recommend a revision of chapter ( v ) on the Theory of Chaos and Complexity by the reader to facilitate an easier understanding of the arguments at hand. There are two things that are worthy of noting as far as this miraculous or mystical feeling is concerned. Firstly, as mentioned at the beginning of this topic, when we are at the cross roads in our life facing serious decisions we are prone to seeking divine guidance. Anyone with some religious background will feel inspirations of some sort from their brain's previous conditioning hence the mystical feeling. Secondly, the materialized portion of your life history is known to you. Regardless of whether or not it is good or bad, you are bound to be more familiar with it. On the contrary, what could have been your life history belongs to the set of infinite number of possibilities that are unknown to you. Therefore, you are very likely to have imagined or created a mental image of the possibilities in your mind which can give rise to the mystical feeling that you actually experience when you are reminiscing your past life history.
However frivolous the claim of the existence of destiny may be there can, nevertheless, be very important consequences flowing from the acceptance of such a concept. The real danger in believing in destiny lies in the negative implication that you cannot do anything about it ( since it is supposed to be predetermined ). Worse still, some fortune teller may take advantage of your vulnerable mental state to recommend costly remedies to improve your future fortunes. As regards using the service of a fortune teller, I have the following advice to suggest. If there really is such a thing as destiny, it serves us best not to know about it. For it will not matter when a good destiny takes its course without your knowing it in advance. On the contrary, knowing about a bad destiny will give you more pain and mental suffering if you knew it before hand. Since destiny is supposed to be predetermined why endure more pain than is necessary before its arrival. On the other hand, if there is no such thing as destiny ( in the predetermined sense ), then your life could be adversely affected by being told a lie and through suffering from some imaginery psychological blow that may, in the worst case, become the nightmare of a self- fufilling prophecy. This could happen because your predisposed attitude towards an unchangeable future could easily have been relied upon as an excuse to sit on your back side without making any real efforts to achieve your intended goals. Having sounded the above warning, I do have to say that if you are not really 100% superstitious the fortune teller can assume the role of a court jester to provide you, and may be your lover, with some lovers' entertainment of sweet nothing talks. I and my wife used to seek advice from the fortune teller regarding the auspicious date for our marriage on the bidding of my mother-in-law when we decided to get married back in 1979. Our marriage life has been so far so good but, of course, we will not give the fortune teller the bulk of the credit. We decided to be married out of love and of our own free will and we will definitely take full responsibility for our decision and common goal in life – destiny or no destiny ! Having discouraged people from using the service of a fortune teller, I do have one last kind word for this mystical or dubious profession ( depending your point of view ). When people are faced with difficult decisions or spells of bad luck in their lives I do understand that their emotional stress needs venting or relief. Perhaps getting some encouraging advice ( you usually get the ones you like to hear - that is why people like to visit fortune tellers ) from the fortune teller is justified. This is alright as a psychological pain killer and temporary relief for the emotional stress. As long as you remain level headed and not misled into

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following such advice to the last letter, I think it should be a harmless exercise or an alternative pseudo psychological therapy. I also have a message here for young lovers with respect to destiny. Just consider this. What is more precious to people involved in a loving relationship – an unavoidable destiny that tie you two together or a conscious and irrevocable choice made out of love and of your own free will that forge your union ? Which idea is more romantic – the mutual and personal choice between you two out of love and to pick each other out of millions of people in this world to tie the knot or an inevitable act of history ( destiny that is your own life history ) that has created your personal love story as if by legal mandate ? Answer me that you prefer your loving relationship to be forced by the circumstamces of your life history and I will grant you the existence of destiny in the predetermined sense.
Let me now tell you two stories from my own experience on the illusion of destiny. Both concern myself and my friends. The first story is my personal experience. While I was attending university, all of us had part-time teaching jobs. We used to rush to some private schools between our lecture hours to teach. We also changed jobs very often depending on the remunerations offered by those private schools. Back in the university were a few pretty female undergaduates everyone dubbed as beauty queens ( simliar to the prom queens in high school days ). On one occasion, I had to stand in for my room mate at a teaching assignment. As if by divine intervention, I ran into one of the beauty queens who happened to be standing in for her room mate as well. I, being a lad of 20 years of age at the time, instinctively thought that I was destined to meet this beauty queen alone. She was one year my junior which by university etiquettes made it obligatory on her part to pay respect to me as a senior. She was in the same faculty as I and was an active member of many academic clubs ( as I was also a committee member of my faculty society ). With such similar backgrounds, we had a lot to talk about. So, I was able to invite her out for afternoon tea in a classy coffee shop of a five star hotel and a dating game blossomed. To cut a long story short, there was a brief interlude with this lovely young lady lasting some three months. It was quite an experience at the end of which I was devastated to find out that she was also dating my room mate who was my good friend and a few others of my classmates as well. Luckily, I was level headed enough to opt out of the relationship on account of my strong sense of responsibility towards my family and dedication to my studies but not without the penalty of losing a few friends and getting some bad grades. So much for an unavoidable destiny which I had fortunately chosen to change. This is just one out of a number of episodes I encountered in my early life that sounded the alarm bell for me on having a sense of
destiny.
A second more tragic case happened to one of my classmates. It had a similar setting as my own frolic but it involved another socially over-active young lady. The failed romance had such a devastating effect on my classmate that he had to defer his study for an extra year to recuperate from the emotional damage. Under the rigid British university system that was very strict on conferring honours on graduates, my classmate was ulitimately given an R.P. or recommended pass in his degree which became a stigma for life ( with the R.P. Initials being permanently attached to his degree title ) and this had adversely affected his later career all through his life one way or another. Well, I did not know the exact circumstances relating to his misfortunes but many of my classmates including myself had heard him boasting about his good destiny during the failed romance. So, there you have it. A blind attachment to the idea of a predetermined destiny could be hazardous to your well being !
I hope the reader is now convinced on the disadvantages of having a blind and superstitious belief in destiny. But I think that the concept of destiny can also be utilized to our advantage if we are wise enough to overlook the emotional implication of a predetermined history in life. For one thing, I think we can turn destiny into a destination in life by setting ourselves a meaningful goal that can motivate us to create a successful life for ourselves. This is also one of the main aims of my book. By setting a predetermined destination in life of our own choosing we can achieve the ideal situation of having personal control over our own destiny ( to me it means life itself ) and can turn a bad situation into a winning venture. For every journey, there must be a destination or else one will become a lost traveller. It would be a great personal disaster, especially in the context

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of our life in which case one would certainly become a nomad for life. Without a set destination that is our ultimate goal and our personal meaning in life, one will only end up as a drifter. Can you imagine how tragic this can be ? There is one final word on the issue of destiny. I started the discussion by stating that my main concern with destiny is the question of free will. Now it is the right time to address my concern in this regard. Having set out my arguments on the illusion of destiny, I trust you will agree with me that our free will is well and kicking. Otherwise, there would have been a crisis on our hands because free will is what makes all of us human. It is this defining characteristic that differentiate us from other species of animals although this privilege has carried with it a grave responsibility. That is how to use it wisely and to our own advantage and that of society. Rights and obligations always go hand in hand. It is the law of nature. These are just another pair of complementary qualities out of many in this universe that are inextricably attached to each other. It is part of the natural law and it must be obeyed if the universal order is not to be up set to our own detriment. In my opinion, the pitfall in the interpretation of the idea of destiny is to ascribe to it some predictive content ( for example, to try to read our future destiny through fortune telling ) based on our emotional state while the idea itself is, in fact, of an ex post nature without any ex ante content. So long as we can avoid this pitfall, we will be on home ground. 

Saturday, August 31, 2013

Of Education and Educators


The following is an essay written by me about education which has been extracted from my book - The Universe - A Personal View ( page 165 to 169 )

Link to my book :- https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxqa2hjbGlmZXN0eWxlfGd4OjM5NmM2NTViMjAzY2M5MTk


Of Education and Educators

As I consider ignorance to be the greatest of all mortal sins, I naturally hail a good education system as mankind's saviour. As a matter of fact, I myself am a beneficiary of the education system in old Hong Kong. However, please do not misinterpret my statement as a compliment to the past colonial elite education system in Hong Kong back in the 1960s and 1970s. Notwithstanding the fact that the said elite system had provided me with the basis for my career, I do not support such an elite system which is only advantageous to the running of an impersonal and unjust colonial system. Such a system only takes care of the brighter group of students and ignores the needs of the majority. The great Chinese educator and philosopher, Confucius said that :- “ Education should not distinguish between different classes of students. “ It means that a good teacher is to try his or her utmost to impart knowledge and skill into the mind of every student regardless of their level of intelligence. I totally agree with such a noble and visionary principle of education. In my own case, I sincerely pay my unreserved homage and express my heart-felt gratitude to the Brothers of the Christian Schools, the De La Salle Brothers who labour their heart and soul constantly throughout their saintly lives to open up our minds and souls to reason and compassion. They are unconscious followers of Confucius' educational philosophy and have provided the underprivileged children like myself in my younger days and others a chance to better ourselves and make a difference to our lives. I have come a long way, though modest by general standards, since my childhood days which were spent in our literally humble home and environment at the fringes of the infamous Walled-City ( Kowloon City ), a place well-known for criminal activities, delapidation and untouchable by British colonial laws due to its jurisdiction being covered by the Qing Dynasty Unequal Treaties. Of course, I like my siblings owed my mother a lot for bringing myself and four of my brothers and sisters up working hard as a teacher for some thirty years day and night ( taking up evening classes as well ). I was able to enter Hong Kong University in 1968 as an undergraduate student in accounting and economics mainly because of my adequate intellectual training provided to me by the Christian Brothers and partly due to my luck on the spark of inspiration in making the right decision to change to the arts subjects. The British system at the university was both rigid and not conducive to developing personal initiatives and intellectual agility. It was again by sheer luck and competent basic training in my secondary school days that had pulled me through to graduation. Therefore, I do have some bitter and sweet experience with the education system that has enabled me to develop some particular insights into this all important system which is the locomotive that pulls society forward.
Unlike traditional thinking of aiming at students' success in their

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future in society, I am inclined to the view that they must be educated in the defensive techniques of handling failure. Nor is this simply a pessemistic view of reality. Let me ask you this question. How many students are number one in their class ? Surely, there is only one ! What happens to the rest ? Are they to feel sorry for themselves and quit trying ? Of course not. But before they can achieve that, they have to be able to get over their initial failure first. The highest position I ever got to in my class was during year seven which was second spot in my class of 45 and eighth spot in the whole of year seven totalling 270 students ( 6 classes in total graded by their results ). I never got to the top spot which is generally viewed as absolute academic success. So, you cannot argue with statistics that failure outweighs success by a huge margin but that depends on how you define success. If it is defined in terms of improvement, then it will be a different story. It is all a matter of expectation and the selection effect as in scientific research.Therefore, I am glad to learn that recently public organizations in Hong Kong and elsewhere have contributed to certain academic awards called award on progress instead of the traditional awards to the top students only. Those students who have made the biggest improvements during their academic year will be recognised regardless of the position where they have started in the beginning of the year. This is definitely a more sensible and encouraging approach. Students should be given the realistic picture of life which is this failures do very often occur. This is to be expected as the rule rather than the exception.The most important thing to bear in mind is that they must do their personal best to achieve the academic goals set for them by the education system. If the unfortunate scenario of failing an examination arises students should find out the reasons why and, may be with some help from their teachers and parents, to learn from their mistakes. Then, they must accept the reality of their failure and move on, putting their earlier failure in the proper perspective of their whole life as just one of the unavoidable falls in one's life. A failure in one examination among numerous academic tests and other emotional and physical trials throughout one's life can be meaningfully compared to a little painful fall in the process of a child learning to walk. The sensible and logical thing to do about such a mild set-back is to endure the pain. Cry a bit if you like to relieve the pressure and stress ( I have always opposed the wrong attitude of adults in stopping children from crying when the young and gentle soul feels like it- crying is Nature's way of dealing with stress ). Then stand up and try once more. Learning to muster enough strength in one's character to put the past behind oneself and to pick up whatever pieces in one's life to endure failures and improve oneself should be the top priority in the education process. After all, to beat the overwhelming odds is the defining hallmark of life with a capital L. Therefore, take strength from the emergence of life in this universe and try your very best to beat the odds. You will be surprised at what you can achieve through your will power. It can be a case of mind over matter if you so decide.

Then, there is the issue about humlilty and absolute respect to the teachers that are to be traditionally demanded of students. While there is little doubt that humility and respect for the older generation are great virtues, blind adherence to such ideas regardless of the relevant circumstances will reduce such virtues to farce and even demerits. Take the process of learning in the class room, for example. We all agree that by tradition, students with oriental cultural backgroumds take less initiative in asking questions in class. Firstly, they are unreasonably inclined to the view that asking questions indicates disrespect and implies potential challenges to their teachers' instructions or competence. Secondly, the students may be under the mistaken impression that asking questions also reveals their own ignorance. It is obvious that the students are wrong on both counts. The correct attitude in learning is to clarify any doubts that may adversely affect our understanding of the truth and knowledge at hand. The question of disrespect for the teachers does not arise in this proper procedure of the learning process. Students should show their respects in their manners and body language in and outside of classes instead. Also, it is naïve on the part of students to feel embarrassed in asking questions which they may feel will reveal their ignorance. On the contrary, asking more questions ,in fact, shows that the students know a lot about the subject being discussed. If they do not know anything about the subject in question, they would not have been able to raise any relevant issues in the form of queries to the teacher in the first place. So, students should ask as many questions as they possibly can. It shows that you are really smart and works to both your advantage and personal image if you feel that is important to you. It will give

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you better self-confidence, too in public speaking and improving your ability to articulate your thoughts and verbal ability.

It appears to me that the virtue of humility has a lot to do with building up the students' self confidence. Always being humble regardless of the circumstances is counter productive insofar as it erodes one's confidence. When students are certain that they are right on particular issues they should be encouraged to express their points politely but forcefully. This will build up their confidence in sticking to their own principles. That is why the extracurricular activity of debating is a very good way of training in logical thinking and articulate verbal ability. I was once a member of the school debating team and I did enjoy the experience very much. On the other hand, humility comes in when the students should always be reminded of their proper place in life and society and ultimately the whole universe when they mature. The point that no one is all powerful and indispensable must be hit home in the students' mind. Similar to dealing with failure, students should be taught not to lose their head in excitement, pride and over-confidence with themselves in their successes as pride goes before a fall. Again, no one is invincible.

Let me tell you a very subtle tale told by a great Japanese master in Zen philosophy. There was once a very clever young man who heard of an old and wise Zen master from whom the young man wants to learn more wisdom. So, the young man paid a visit to the Zen master's humble dwellings. Upon entering the the entrance the young man was asked to crawl through a very low gate as a symbol of humility to access the study where the Zen master practised his meditation. After they were seated on the straw mattress, the old master performed tea ceremony and poured some tea into a cup held in the hand of the young man. He was specifically asked by the old master to pay attention to the tea pouring procedure so that he might learn something. As instructed, the young watched the cup slowly filling up with tea but he noticed that the old master continued to pour tea into the cup even after it was full and overflowing. He could not stand the pain of the hot tea burning the skin of his hand and let go of the cup which subsequently shattered to pieces on the floor. Without apologizing for his clumsiness, the old master asked the young man to leave. He was astonished by the rudeness and protested about the pain caused him by the old master. In the young man's mind, he felt cheated by the old master's claimed reputation of being a wise philosopher. He thought that the Zen master was nothing but a useless and clumsy old fool. So, the young man demanded that he be given some advice by the old master before he would leave him in a move to try to embarrass the old master and to discredit his reputation. Whereupon, the Zen master spoke in a slow but self- assured tone of voice :- “ I had already given you some excellent advice only you were too preoccupied with your own ego and complacency to have missed it. “ But the young man retorted that the Zen master was nothing more than a sham and his remarks were a poor disguise of the old master's total ignorance of any Zen philosophy. Without being upset in anyway, the old master said :- “ If your cup of thoughts is already full, how can you acquire any more knowledge to enrich your wisdom further ? “ The young man realized there and then that the whole scenario was an elaborate lesson to teach him humility. He felt so ashamed of his own arrogant attitude that he knelt down in front of the old Zen master in great humility to beg for his forgiveness. He was subsequently accepted by the old Zen master to be his follower and became an accomplished Zen philosopher himself in due course. There you have it. The little tale I have just told you is known as a Koan in Zen terminology which is similar in nature and purpose to the parables of the New Testsment of the Bible. It is really a telling episode.

Teachers occupy a very high and honourable position in oriental cultures and so did they under the ancient Greek tradition. This is not an accident of history but rather a reflection on the important responsibilty they bear in educating the younger generation who represents our future hopes and dreams. This being the case, teaching is not just any old job for people to make a living but instead it is a profession of vital importance on which society depends to shape the brains of the future. So, if you are thinking of making teaching your profession for life, please make absolutely sure that you are willing and able to commit your whole heart and soul to it before jumping into such a noble and demanding commitment. Let us examine in detail the ideal requirements of a competent teacher. First of all, teachers must have an affinity and aptitude to deal with the young. This would imply that teachers should have a patient and caring disposition. They

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must also be generous with their time. Expect to be bordered by your students even after classes where the formal learning process is going on. This is because teachers are not only responsible for imparting knowledge on the minds of students but also concerned with their personality and character development in co-operation with their parents. It is equally important to educate students in knowledge as well as in their morals. Students must be taught to be responsible citizens apart from being compassionate human beings. It would be most dangerous to teach students knowledge without instilling a sense of duty to themselves and to society as a whole because power ( that is knowledge ) without control ( that is moral responsibility ) would be potentially destructive.

Secondly, teachers must have a sense of mission because the education system is not run on the commercial principle implying that the pecuniary remuneration cannot be comparable to the commercial sector which operates on a profit motive. Without a sense of mission and generosity, mediocre teachers may tend to cut back on their time and commitment to their students to an extent that is commensurate with the limited financial rewards teachers are getting. This kind of commercial attitude has no place in the education profession. Once you begin to have such an urge to measure the efforts against the remuneration, it is time for you to consider quitting your job so as to prevent yourself from making a fool out of yourself as well as your students. As soon as such an attitude has developed in you mind, you would be wasting both your own time and that of your students if you continue to engage in teaching. The real reward from being a good teacher is to see the tangible results of your dedication materialize in producing successful key personnels in different walks of life who were once your students. If you are lucky enough, you may have lent a helping hand in the emergence of one or two Nobel Prize winners. That would be the pinnacle of your success. Failing this ideal situation, the mere thought that you have not produced any student who is a menace to society can be a source for satisfaction. Even such a scenario would be a consolation. That means that, at least, you have prevented the breeding of criminal elements in society.

Thirdly, teachers must have the virtues of fortitude and perseverance. In the Chinese tradition, educating the young has very often been compared to planting and nurturing a tree. There is a Chinese saying that goes like this :- “ It takes ten years to nurture a tree to maturity but it will take a hundred years to complete the education of men.” The meaning to be read between the lines is that it will take generations ( a hundred years are about five generations in duration ) to instil wisdom and good habits into the minds of the population. One properly educated generation will have positive influence on the next until the ideal moral standards can take roots in society after a number of generations. Therefore, teachers must have confidence in their mission and must persevere in their noble goal of shaping the minds and souls of their students. Do not expect immediate results for your efforts. The fruits of your labour will ultimately be reaped by society in the long run. Such belief and conviction has to be constantly refreshed in your hearts and minds to provide energy and support for you unceasing struggle in this vital mission.

Within my limited experience from our voluntary education project in China, my friends and myself have also endured some of the agony and enjoyed some of the esctasy in being teachers. We made it a point to request a verbal undertaking from the older students ( in year 8 and 9 ) to assist their younger schoolmates in their studies the same way as we have unconditionally helped them, especially in their English language skills. Most of them have subsequently honoured their promises. The agony we experienced had surprisingly come from the school administrators some of whom are Communist Party members. The students themselves were very eager to learn but the only trouble was the limited resources provided by the state run schools. Once we tried to hold English revision classes in the evening in preparation for public examinations which were very important to the year 9 students' future working careers. The school administrators objected on the grounds that they had to switch off all the lights at the officially set time of 8 p.m. to save on electricity which is quite expensive in China. So, we had to offer to pay for the extra costs out of our own pockets to get the evening classes going. There were other incidents like sporting equipments for which official funds had already been approved 2 to 3 years before but had not been made available due to the unexplained disappearance of the funds in question. The reader should be aware that

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there are no independent audit systems in China both at the governmental and the private enterprise levels. This is the working of absolute power in action. The party cannot tolerate the operation of an independent auditor whose power to investigate into financial affairs of the state would be tantamount to asking the party to give up its monopoly on absolute power which it has always been guarded with great jealousy. So much so that the party was willing to risk everything including its reputation and credibility to turn the army against its own people as it did on the 4th of June, 1989. True to my earlier statement of the adverse effects of not recognizing the rightful place of the individual in society, such totalitarian system of government will and does affect the livelihood of the people, even little people who are the future of our society. The only thing to be done in this particular case was again our own money that saved the day. Fortunately, we also experienced the ecstasy when our efforts were recognized by the students and ordinary members of the local farming community ( who are mostly parents of the students we helped ) by having been invited to participate in their local mid-autumn festivities of songs and folk dances followed by simple but delicious local cuisines. It was an experience that I would find great difficulty in forgetting. Now that some of my friends had been successfully appointed to the provincial People's Consultative Committee whose responsibility is to make annual recommendations on local governmental affairs including education, our work has been made a lot easier. That is the political reality that the school officials have no choice but to face! So, this is the story of my own adventure in Chinese education. Suffice it to say that even within the seemingly monotonous process of teaching, one can still become the richer in spirit despite the meagre financial rewards offered to the professional educators which is the rightful and honourable name I prefer to call all teachers. So, three cheers for teachers all over the world including my mother from whom I had the benefit of her guidance ! 

Wednesday, August 28, 2013

Of Money and Men

The following is an essay written by me about money which has been extracted from my book - The Universe - A Personal View ( page 154 to 159 )

Link to my book :- https://docs.google.com/viewer?a=v&pid=sites&srcid=ZGVmYXVsdGRvbWFpbnxqa2hjbGlmZXN0eWxlfGd4OjM5NmM2NTViMjAzY2M5MTk

Of Money and Men

The most practical of all issues is, of course, money, money, money.... which makes the world go round. If you still recall our newly learned know-how, you will realize that money as we use it in our financial system of a market ( or capitalistic ) economy is a man-made Hybrid Reality (HR). Money by itself is merely pieces of paper or some plastic material such as in the case of the Australian currency. It is only by human institutional power ( in this case the Australian Legislature empowering the independent Reserve Bank of Australia ) ascribing financial values to the currency that money carries its assigned value usually based on the laws of supply and demand on Australian goods and services. In short, the Australian currency is the i.o.u. issued by a legal entity brought into being by the Federal Parliament in Canberra, ACT ( Autralian Capital Territory ) which is democratically elected by the citizens of the Australian Commonwealth. This kind of managed currency is also known as fiat money ( “ by fiat “ means in the place of ) meaning it is a stand-in for the real values money represents. As such, it is not as rigid as the physical laws of nature. That means HR can and should be changed to keep in step with the requirements called for by the relevant circumstances. This is lesson number one.
In the olden days of a barter economy, all resources are distributed or passed around by physical exchanges among the owners of such resources. Only the right buyers and sellers can strike a deal. This is obviously cumbersome and money was invented by some clever merchants as a medium of exchange. Older forms of money are not fiat money because the issuer of fiat money must have a good credit standing and trustworthiness on account of the i.o.u. nature of fiat money. There were no such persons or entities around. Therefore, most early monies have intrinsic and tangible values in themselves such as gold which is precious and scarce or sea shells that are rare. Even today, gold is still the safest kind of money but with a carrying cost in terms of the foregone interest income if an equal amount of value is held in the bank as money deposits. This is the opportunity cost for holding gold instead of money but gold is the only kind of money that is not someone else's liability. Therefore, it is the safest money available since the user need not investigate the credit standing of the previous owner. You can simply rely on
gold's face value.
It is precisely this nature of money as a medium of exchange that has given rise to a lot of undesirable side effects. Since money is only a means to an infinite number of ends ( i.e. to exchange for other goods and services ), it can represent endless goodies and this gives rise to greed for money which translates into greed for all material stuff. Money is the power of access to everything worldly. Very few people can resist the temptation of money. Show me a person who does not like money and I will call him a saint. At the philosophical level, human beings should not be greedy if they really understand the true reality of the physical world and their own limited capacity to enjoy physical goodies. This is the reason why I consider IGNORANCE the greatest of all mortal sins because the failure to understand this world and oneself leads to the second greatest mortal sin which is GREED. All other sins are derived from ignorance and greed. Consider the usual misdeeds we call mortal sins such as fornication ( greed for sexual gratification ), gambling ( greed for easy money ), alcoholism ( greed for consuming alcohol ), gluttony ( greed for food ), pride ( greed for other people's admiration and recognition ), cruelty ( greed for blood and other people's suffering ), injustice ( mostly done out of greed both for physical things and perverted mental satisfaction ), jealousy ( greed for obsessively possessing one's loved ones or precious goods ). All sins are related to greed one way or another. If you only knew how limted human capacity to enjoy was, you will never be
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greedy again. In other words, if you are no longer IGNORANT of your own limited abilities and insignificance in the objective world you will not fall into the evil trap of GREED ever again. Therefore, it is of utmost importance to be well informed about oneself and the world. The word education immediately comes to mind again!
To be able to understand the pitfalls in our financial world, I must acquaint you with the concept of the limited liability company which has become the single most important vehicle for the the serious and inhumane crime of greed that is to adversely affect the lives of billions of underprivileged people of the world. When human beings first organized business ventures there were only sole proprietorships and partnerships which were all with unlimited liabilities. This meant that the owners or co-owners had to be responsible for debts owed by the business to outside creditors without limit. In extreme cases, suppose the owners had previously built up a lot of assets over the years yet a single very large claim made by the creditors in the current year would cause the owners to go bankrupt and lose all the hard earned assets accumulated over numerous years while in business. The concept of unlimited liability was originally based on the sound ethical belief that a real man should face up to his full responsibility no matter what. However, when carried to its logical conclusion in business it would mean that even a debt contracted by one partner in the name of the business would be binding without limits on all the other partners. This could lead to dishonest partners disappearing leaving massive debts to be borne by other innocent partners. In other words, the system of unlimited liability is open to fraud by dishonest elements in the business world. There is another even more serious criticism against the unlimited liability concept and that is nobody would be willing to undertake huge business ventures such as massive infrastructure projects like building airports and cross-harbour tunnels and bridges. Massive projects like these require a pooling of capital involving thousands of people. Even without criminal elements to stage fraudulent schemes to trap other partners the amount of potential and legitimate disputes amount partners would be unthinkable. No individual investor would contemplate taking part in these important project to the detriment of the economy. Such considerations subsequently led to the limited liability concept being introduced after the start of the industrial revolutionary when huge infrastructural projects like railways and grand ocean liners had to be built.
As its name indicates, limited liability allows the investors or the shareholders ( as they are called ) of a company limited by shares to limit their personal liability to the amount of the paid up capital they have invested in the company. Huge limited companies can also subject to stringent securities ( legal terminology for shares listed on stock exchanges ) regulations become publicly listed company to invite investment funds from the public. Other protections for the investors include the legal requirements to appoint independent certified public accountants and auditors to audit or to check whether or not a limited company's accounts truly and fairly reflect the profit or loss positions of the company's business which affect the amount of dividends that can be distributed to shareholders. So far so good, but the main problem with limited liability companies or corporations as they are usually called is the separation of ownership ( the legal owners of the company are the shareholders ) from the management of the company's business affairs. The management responsiblity of the company usually falls on the professional managers generally called board of directors, chief executive officers ( CEO ) and chief financial officers ( CFO ) who may or may not own shares in the company ( i.e. they may not be owners ). Even if they own certain shares, they would be more interested in the remunerations they received for their services rendered which is also partly related to the profits of the company in the form of performance bonus. At first sight, such bonus system seems to lead to a common goal for the professional managers and the shareholders alike to make more profit for the company. But this is not always so. It gives rise to the temptation for the corporate custodians ( which I think is a better name for the professional managers ) to inflate the company's profit on paper such as in the recent US court case of the convicted CEO of the energy giant corporation Enron which collapsed in 2001 due to false accounting. What can we expect from a system that is
totally motivated by greed.
There are mainly two ways dishonest corporate custodians can rip

off the company and the owners. Firstly, by manipulating the company's accounts to the

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maximum stretch of the limit allowed by law. Although this is not strictly illegal it is definitely unethical. According to my fuzzy logic, they are fuzzy criminals to the highest degree or virtual criminals in everyday language. Secondly, they can charge to the company so called legitimate expenses ( such as entertainment expenses ) excessively and provide themselves with outrageous perks such as luxurious holiday bungalows and expensive cars. Theoretically, this is also subject to scrutiny by the auditors but the custodians can also find ways to legitamize such expenses on the grounds of promoting the company's business or maintaining the corporate image. The separation of ownership and management of the corporation is the single most devastating weakness of the limited liability concept. Due to human greed, there is a tendency for high ranking custodians to build up a huge bureaucracy of supporting staff and purposely to pay them high salaries to justify their even higher remunerations. There are plenty of outrageous examples of corporate abuses by their custodians. Recently, in Australia certain big banks announced the retrenchments of hundreds of jobs and branches to cut back on their expenditures only to pay out millions of dollars in “ performance bonus “ to their CEO and golden handshake payouts to retiring and early retiring high ranking officers who were connected to dubious transactions causing huge financial losses to the corporation in question. Even worse cases of similar scandals are very often reported in the USA where much larger financial stakes are involved.
The main reason for the persistence in this unfortunate state of affairs can be attributable to the lack of ownership loyalty to any public corporation by shareholders in general. Unlike the traditional small businesses where there is usually no separation of ownership and management, shareholders of modern public corporations merely holds the shares or equities in a corporation mostly for speculative gains in the increase in share prices. Only when the increase in their equity prices is not enough to justify a sale will they keep the shares for the distribution of dividend which is usually a bit higher than the interest receivable from term deposits in the bank. This is because the risk factor in holding equities is considerably higher than putting your money in a bank. Risk and return is always directly proportional to each other. Thus, shareholders do not usually hold their shares for the very long term. Even for non-speculative investors they will change their holdings to other corporations without hesitation if there is a better return on their capital investments. Being only temporary owners of the corporation, the shareholders ( who are the actual legal owners of big public corporations ) very often have less loyalty to the corporation in which they hold shares than the custodians who make their careers in the corporations for which they work. Over a considerable period of time, the custodians may gradually feel that they themselves have more claim to the corporations assets than the legal owners. This kind of misguided psyche of some custodians very often leads to a mentality that is conducive to putting their own selfish interest before that of the corporation or the shareholders. This is the direct but undesirable consequence of the separation of ownership and management ot the modern public corporation. Again, I must emphasize that I am not accusing all corporate custodians across the board of fraudulent practices but I do maintain that some bad elements and the particular culture of the corporate world do contribute to various abuses of their power by virtue of the inherent weaknesses of the corporate machinery. Power tends to corrupt and absolute power corrupts absolutely. So said Acton, First Baron of England (1834-1902 ). I used to admire the powerful CEO s and their stylish ways of life when I was a kid. I was foolish enough to think that they deserved the huge resources they can control and enjoy with apparent impunity purely on account of their talents until I learn of the pitfalls in the operations of the limited companies from my economics and accounting disciplines. Now, I totally detest crooked corporate custodians. They are worse than thieves and thugs because they prey on poor old pensioners and small investors who desparately depend on their meagre amount of dividend income for their daily needs. Crooked corporate custodians obtain both financial resources and power with all the related trimmings by deception. The kind of excessive remunerations and fringe benefits ( sometimes known as benefits in kind ) pocketed by some crooked corporate custodians can run in to the tens of millions. Such excesses are simply outrageous by whatever standard by which one cares to gauge them. Unfair distribution of income in favour of these crooks is to be denounced on both moral ground of justice and economic ground of wastage and unfavourable dispositon for

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consumer spending because the marginal propensity to consume is much lower for ultra- high income earners.
You may be surprised to learn that the same kind of malpractices discussed in the previous paragraph are also being carried out even in charitable and non- profit making corporations. To start with, custodians of charitable organizations are in the privileged positions of not requiring to make huge amount of profits and yet be able to hang on to their custodianships. Although their remunerations may not be as ludicrously excessive as that in the business world they can nevertheless take advantage of their organizations in other ways. One very common practice by some delinquent custodians is to engage in extravagant spending to boost their inflated ego. I have this personal experience with our own education project in China which I have mentioned in the prologue. It was our original intention to refer one well-known international charity group to take over of the project at the very beginning since we had doubts about our resources and commitment. When we request them to visit the location the high ranking custodians proposed to charter a helicopter for the visit because the drive from Hong Kong to northern Kwongtung Province would take five hours and deemed by them to be too time consuming to fit into their busy schedule. Their suggestion infuriated us so much that we finally decided to take up the project on our own. We are angery not only because of the criminal extravagance but also because of the painful realization that even custodians of such charitable organizations which are supposed to do their utmost to help the underprivileged can be so arrogant, egocentric and have a complete disregard for their declared ideals. I am not suggesting for one second that all charities work that way but we were totally terrorized by the possibility that there could be many of these irresponsible custodians out there. Another way irresponsible custodians can rip off their organizations is to receive benefits and perks from suppliers of their organizations' materials and services like going on study trips which are actually of a holiday nature to conferences and seminars conducted by these suppliers. These are tantamount to bribes given to custodians for ensuring the charitable organization's continued patronage of the suppliers' goods and services. The extra expenditures incurred by the suppliers will without a doubt be reflected in increase in the prices of their products. In worse cases, unethical suppliers may even pay monetary kick-backs to the custodians to enlist their support. Again, such illegal and unethical practices are to a large extent the result of greed on the part of the irresponsible custodians coupled with the opportunities provided by the separation of ownership and management of the organization concerned. Most important of all, we must realize that all illegal and unethical practices can only be eradicated from society by replacing a partly corrupted population with a new younger generation of high ethical standard through a sound education system. The police force and the legal system alone are not up to the task. It takes time and resources and perseverance to achieve this long term objective. A democratic and accountable government with ethical and respectable statesmen ( as opposed to politicians ) with strong leadership and foresight is desparately needed before
this noble and ultimate goal can be attained. This is our next topic of discussion.
Before we leave the topic of money, I wish to remind the reader of the limited capacity of human beings to enjoy earthly goods. The understanding of this particular aspect of our physiology will lead you to the sensible conclusion that greed is

both futile and not worth the price to be paid on both the individual and social levels. To enjoy life is our inborn right. But like all rights, the right to enjoy life is not absolute and must necessarliy carry with it the corresponding responsiblities. Furthermore, all individual rights must be subordinate to the natural laws and all just human laws enacted by any constitutionally appointed legislature elected through due democratic process. Regardless of the amount of wealth you own, there are just a finite amount of goods and services you can enjoy. How many times can you eat in a single day ? Three, four, five or six times is the best one can manage. Even if you ignore the adverse effects on our health resulting from excessive eating, your digestive function is liable to a total breakdown within a day or two upon uncontrolled intake of food. That is why ancient Romans used to performed self- induced regurgitation to make room in their stomachs for consuming more food. That sounds more like torture than enjoyment to me. Again, greed is the culprit.
As for clothing, housing and locomotion or travelling which are the other three major areas of our daily living, it is simply a question of your expectation. It can

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never be enough or it can be sufficient at a minimal but generally acceptable standard. Imagine ladies fashion. There are all sorts of new styles every season and countless number of designer labels. The issues of affordability and suitability aside, there is only 24 hours a day. How many times can a lady change her attire in a single day ? How many sets of clothing are enough ? Again, the sensible answer is countless sets or a few dozens or fewer depending on one's own expectation. One very common argument put forward by ladies in defense of stockpiling clothes is that one must not be seen to be wearing the same set of clothing on different formal occasions. This is really a matter of subjective perception. if the ladies assume a more objective view, they will realize that this argument of theirs is not completely valid because not all their friends had been present on all previous formal occasions when a particular dress was worn. In your view you may be repeating the same dress but from others' point of view you may be wearing the repeated dress for the first time. Everyone's frame of reference may be different and they may hold different but equally valid views with respect to their own perspectives ( c.f. Special Relativity ).
Now, let us consider other mental or intellectual enjoyments. Take going to the movies or concerts for example.You will feel tired after a few hours of watching a movie or enjoying an opera. Most large scale public entertainment programs like rock concerts and other opening or closing ceremonies of popular sporting events also generally last for 3 to 4 hours because there is a finite amount of information or external stimuli a human being can meaningfully take in and enjoy. Anything beyond the tolerance limit is a waste of resources. Typically the human brain can only pay attention to between 6 to 8 unrelated items of information and make intellectual sense out of them at a single moment. Anything more than this limit will result in a jumbled up mess of meaningless signals. Besides, there is the question of time that can be spent on such entertainments.There are only 24 hours in a day and generally one third is spent in our sleep for recuperation of our energy. So, you will see that spending most of our life working like a dog to earn money for the sole purpose of enjoying earthly goods is not an unassailable proposition. In fact, it may prove to be an unwise one because I have often come across cases among my own friends who used to say that they would have time to enjoy all they want upon retirement if they could mass enough money during their working life. Alas, a poor few were recalled by the Almighty soon after their retirements and some had worked themselves to ill health that further considerably reduced their already limited capacity to enjoy earthly goods as everybody else is for reasons cited above. The Uncertainty Principle decrees that nothing can be 100% certain. Therefore, you serve yourself best by living each day as if it were the last day of your life. Only by so doing can you enjoy life to the utmost.
I remember a funny but telling story told me by my good friend Frank. A rich and powerful aged banker once went for a holiday in Tahiti, French Polynesia. He went on a fishing trip in a boat captained by a lay-back Polynesian. After they had spent a day with some good catch, they chatted with each other on their return journey to their island resort. The banker lamented that his polynesian captain could have amassed huge fortunes if only he could be more enterprising and had spent more time and effort in expanding his single fishing vessel into a whole fleet of sight-seeing and fishing boats under a huge public corporation by inviting investment capital from the investing public. As the banker was enjoying the satisfaction of being smart with his know-how in the financial market, he got the following unexpected response from his Polynesian captain. The captain responded by saying that if the banker could answer just one question from him he would follow the banker's advice to form a corporation. The banker said :- “ Just Shoot ! “. Then the captain calmly asked :- “ Where are you now ? “ The banker immediately retorted :- “ I'm in Tahiti enjoying a great holiday, of course. “ Then the captain replied :- “ You are exactly right but I have been here enjoying the beautiful sun, sea and sand all my life free of charge. Why should I bother myself like you did working so hard for 30 years and then start coming here to enjoy the same beautiful scenery that Mother Nature has provided to me and everyone else for free? “ Who is the smart guy ? It is so true. Some of the best things in life are really free only if you have the time and wisdom to find them !
After involving ourselves in the money game for a while, we tend to make money for its own sake and, most of the time, we do not even have the spare time to

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enjoy the money or family values. I am both devastated and deeply saddened by the audio tape recordings of mobile phone conversations between the victims of the September 11 terrorists attack on the World Trade Centres in New York City back in 2001 with their families during the final moments of their lives. How they wished they had spent more time with their families instead of making money all the time. It is really heart-breaking. In the course of our wealth creation process, sometimes, it becomes money for money's sake. Still remember the bottom line I told you earlier. When you leave this world you cannot take a single dime with you. Worse still, you may create some lazy and good-for-nothing off-springs because they think they can rely on their parents' pecuniary legacy. So be wise with your money and strike a healthy balance in spending it and making it. Enough is enough but be smart about your standard of having enough money. It is all a matter of expectation. So be reasonable and yet realistic about your own expectation with money. There is only a marginal difference between an extra million when you are fortunate enough to have a few in hand already. The economic law of diminishing returns has got to have its effect even with money only few people are willing to accept this phenomenon when it happens. When this stage is reached it becomes purely a number game. So, be a bit generous with your own money. You have taken it from society give some back when you are on your way out. Be compassionate with the less unfortunate as we are all from the same stardust of this universe and all face the same harsh reality.
The very last issue about money on which I wish to comment is the Scrooge Syndrome. Everyone of us must have come across Mr. Scrooge or his close cousins at some point during our lives. The main argument put forward by Mr. Scrooge in support of his behaviour is usually this. One must be conservative and accumulate as much personal wealth as possible to increase one's protection against every possible contingency. I put it to Mr. Scrooge very strongly that he is not being conservative at all. Quite the contrary, he is taking the greatest of all risks and must end up in overdoing the act of “ Scrooging” ( a word coined by me to describe his actions ) which would lead to much greater loss in terms of personal relationships that could translate into tangible and adverse effects on him. In short, his action is bound to backfire. How so ? Well, as I see it, the only way to make sure that he had already squeezed every possible bit of benefit for himself out of a given situation is to reach the breaking point. Take buying stock and shares for example, the only sure way to confirm that the highest price has been reached is when it starts to fall and to get one's confirmation on hind sight by the drop in the share price. Otherwise, there would still be a theoretical possibility that the peak price is still to come. Scrooge would still not be satisfied at this point until the confirmation of a drop in price albeit, on hind sight has actually materialized. In terms of human relationships, Mr. Scrooge would withhold any consideration or price he would have to pay to obtain the desired return ( or reaction ) from the person he was interacting with to make sure that Scrooge need not pay a bit more than he really had to. Again, the only sure way to confirm that this absolute necessity has become unavoidable is the breaking point. The person Scrooge interacts with would protest before Scrooge could be sure that he had reached this breaking point. Unfortunately, by virtue of the most powerful Second Law of Thermodynamics of increasing entropy when something is broken the resultant entropy or disorder can never be fully restored. Scrooge cannot have the cake ( an amicable relationship ) and eat it ( and not having to pay any price to maintain such relationship ) as the saying goes. My advice to Scrooge is that the related pair of values - having the cake and eat it are another classical pair of complimentary values just as predicted by Quantum Physics. You can only have one of them materialized but never both at once. So forget about your frivolous attempt to have the best of both worlds. This is against the laws of nature. This is greed pure and simple. It is an undertaking of the highest risks you can engage in. It will certaintly lead to disaster ! Take money at its face value. Never read more into it than it can offer. You will ultimately lose all your close friends although you can still retain some who share the same kind of values as yours. I always wonder why people enjoy taking advantage of their neighbours. May be it is the evil aspect of our nature. Why can't we derive satisfaction out of giving and not taking ( advantage or anything) from others. It is more blessed to give than to receive. Taking advantage without contributing is just like a low down animal the biologists has classified as a parasite. How hideous and pathetic can it be. Respect yourself and others as human beings that are supposed to be

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endowed with more noble attributes of love and sacrifice. Down with the bad Mr. Scrooge who ultimately realized his despicable behaviour and was finally reconverted into humanity at the eleventh hour as a happy ending in Charles Dickens' memorable Christmas epic, A Christmas Carol. Therefore, the evil spirit of Scrooge must be exorcised, Scrooge, be gone ! 

Tuesday, August 27, 2013

Facebook Three Reasons Zuckerberg’s “Internet For All” Crusade Rings Hollow


Three Reasons Zuckerberg’s “Internet For All” Crusade Rings Hollow


By Alex Fitzpatrick - Aug. 27, 20131 Comment

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Last week, billionaire Facebook founder and CEO Mark Zuckerberg introduced a new initiative, Internet.org, aimed at greatly expanding Internet access throughout the developing world — a goal that he said would spark dramatic economic growth in the world’s poorest countries. But is Zuckerberg’s claim really true? And is Internet.org really the humanitarian effort that Zuckerberg painted it to be?
None other than Nobel Peace Prize winning economist Muhammad Yunus, founder of the Grameen Bank, has endorsed the project. “Extending Internet access, in an almost costless way, to the next 5 billion people is key for solving all social problems,” he said in a statement issued by Facebook. “Using the combined power of technology and social business will enable any individual anywhere in the planet to change the world in the fastest possible time. Internet.org will help transform a small piece of solution of a giant problem, in one unknown location, into a global solution.”
But the majority of reactions have been far less kind. The criticism of Internet.org breaks down into three basic points.
1) “Internet for All” really means “Facebook for All.”
That’s the message of David Sasaki, a Latin American open web advocate. But Sasaki is hardly alone in essentially calling Internet.org a thinly disguised Facebook marketing scheme. Writing in The Atlantic Wire, for example, Rebecca Greenfield makes plain what she says are Zuck’s true motivations: “Facebook wants more Internet customers because it has exhausted the connected world and it needs to grow.” Indeed, having already signed-up some 1.15 billion users, Facebook’s growth is now slowing — and many believe that the vast majority of the approximately 2.7 billion people worldwide with Internet connections who want to sign up for Facebook have already done so.
As Greenfield points out — and as Zuckerberg himself touches on in his essay — Facebook is already heading down this path with its “Facebook for Every Phone” web app, which delivers Facebook content on the less advanced “feature phones” common throughout the developing world.
Zuckerberg himself acknowledged Facebook stands to “benefit from” improving global access to the Internet, though he rejected as “crazy” criticism of that reality. “The billion people who are already on Facebook have way, way more money than the next 6 billion people combined,” said Zuckerberg in a Monday interview with Wired. “If we wanted to focus on just making money, the right strategy for us would be to focus solely on the developed countries and the people already on Facebook, increasing their engagement rather than having these other folks join.”
2) The Internet does not cause economic growth.
Pointing to graphs drawn from a McKinsey study that purportedly show the Internet is increasingly contributing to GDP growth in developing countries, Zuckerberg presented a vision of a world in which low-cost Internet access, innovative business models, and highly efficient apps for mobile devices would grow the economic pie in developed and developing markets alike.
If he’s right, Zuckerberg’s motivations would arguably be besides the point — and could even be seen as an example of capitalism at its best, lifting all boats through the power of self-interested economic behavior. It is possible, after all, that Facebook’s interests just happen to align with those of the developing world.
But the growth-boosting power of the Internet appears less clear-cut than Zuck suggests. Jen Schradie, a sociology doctoral candidate at the University of California-Berkeley who researches digital democracy, posted a widely linked open letter to Zuckerberg criticizing him for overstating the relationship:
Where you get stuck, really stuck, is in your neat bar charts from McKinsey in which you talk about how technology is associated with GDP growth in developed countries. Write this down: correlation is not causation. It’s a neat phrase to throw around at cocktail parties. But for our purposes, the Internet in and of itself will not solve the structural problems in the developing world. Think about it this way – the economic advantages that the developed world has, often on the back of the developing world, could be fostering Internet growth, rather than the other way around.
Even the McKinsey report itself was careful not to overstate the cause-and-effect: “Of course, these are just correlations. Causality still needs to be fully proved and we welcome additional work in this field.”
Research into this very question has further called Zuckerberg’s economic claim into doubt. In a June Bloomberg Businessweek article, for example, Charles Kenny, a senior fellow at the Center for Global Development who studies the link between technology and economics, poked holes in a 1999 Federal Reserve Bank of Cleveland study that’s often used to establish a causal link between Internet use and economic growth. The study does indeed demonstrate “a positive relationship between the number of Internet users in a country in 1999 with gross domestic product growth from 1974 to 1992.” But, he adds sarcastically, “Usually we expect the thing being caused (growth in the 1980s) to happen after the things causing it (1999 Internet users).” And in a 2003 paper, Kenny specifically discredited the premise on which Internet.org is based, concluding: “Beyond the scarcity of physical and human capital needed to benefit from the Internet, the institutional environment in [less-developed countries] is not conducive to rapid and successful exploitation of the technology.”
3) Internet access may be important, but it’s not a right. 
Zuckerberg has repeatedly asserted Internet access to be a human right — an assertion that, even more than his economic claims, has the power to moot all criticism of Internet.org. But is Web access really an inalienable human right alongside life, liberty, and the pursuit of happiness?
The vast majority of global Internet users and the United Nations Human Rights Council say yes. But the question continues to be hotly debated by both human rights experts and the tech community. Some are concerned that labeling the Internet a human right cheapens other, more basic rights. ”There are only 30 articles in the UN Declaration of Human Rights, the most widely accepted list of human rights,” wrote Brian Skepys, a Google employee, in a research paper on the topic. “The rights listed are all basic rights that are arguably instrumentally necessary for membership in a political community. On the other hand, there are plenty of things that we are tempted to claim as human rights, such as Internet access, that are not human rights in themselves.”
The legendary computer scientist Vint Cerf, often called “the father of the Internet,” has been careful about calling the Internet and other technologies an enabler of rights, not rights in and of themselves. “Improving the Internet is just one means, albeit an important one, by which to improve the human condition,” Cerf wrote last year in the New York Times. “It must be done with an appreciation for the civil and human rights that deserve protection — without pretending that access itself is such a right.”
Suw Charman-Anderson, a journalist and former executive director of the Open Rights Group, agrees with Cerf. “Cerf points out that making the Internet a human right is akin to making a horse a human right in the 19th Century because it was the primary form of travel. However, focusing on the horse rather than the freedom of movement exalts one particular technology, rather than digging to the core of what basic human needs require protection,” she writes.
Meanwhile, none other than Bill Gates recently went on the record questioning the value of a Google initiative to bring the Internet to the developing world using balloons as floating hotspots. “When you’re dying of malaria, I suppose you’ll look up and see that balloon, and I’m not sure how it’ll help you,” Gates told Businessweek earlier this month.
None of this is to say that Zuckerberg has an obligation to commit his wealth — let alone Facebook’s resources — to furthering humanitarian causes. (Or that he has entirely failed to do so — to his credit, Zuckerberg donated $100 million to the Newark public school system in 2010 and $500 million in Facebook stock to a Silicon Valley community nonprofit in 2012, moves that don’t have a clear tie to Facebook’s business interests.)
And of course Zuckerberg has a fiduciary duty to his shareholders to push for expanding Internet access simply because it would help Facebook.
But his exaggeration of the economic benefits to developing nations, and his failure to acknowledge how much his company (and personal fortune) would stand to gain, make the grandiose claims of his Internet.org presentation ring pretty hollow.


Read more: http://business.time.com/2013/08/27/three-reasons-zuckerbergs-internet-for-all-crusade-rings-hollow/#ixzz2dB0pUotn