The Poetry in Prose of Economic Thinking

I have to announce a recent discovery. I first came across the name of Warwick Powell while keeping up to date with the World Affairs in Context site of CPA Lena Petrova on Rumble. She is obviously quite taken with his work and I also became a fan while watching this video (which unfortunately will not load here, but the link works)…

Massive WIN: 2025 Summit Just ALIGNED China, ASEAN Bloc and Gulf States | Warwick Powell

While that was what first alerted me to the importance of the recent ASEAN – GCC – China summit meeting, and a recognition of Dr Powell, it was the following video in which I was particularly drawn to his viewpoint and his lucid descriptions of fairly complex matters (economists are not often good at that).

[This one is on Youtube, but if that doesn’t work for you, use the Yandex link below it.]

Economic Reset Begins: Global South Is Ushering in New Post-Dollar World Order

Please also read this. It encapsulates what I meant by choosing the title of this piece…

Supply chains are vectors of data-enabled value flows, in which information asymmetry has historically defined the perils of business and cross-border trade. Information about things and people flow one way, so that money data flows the other way. Through various initiatives, China is envisaging and building a data-enabled world of economic value circuits, in which supply chains are reconceptualised as circuits of value in motion.

…and it is a sample of the work, in the form and writing, of Dr. Warwick Powell. In fact it seems he is an Adjunct Professor at Queensland University of Technology and a Senior Fellow at Taihe Institute, Beijing. He is the author of the books “China, Trust and Digital Supply Chains” and “Dynamics of a Zero Trust World”, who was, during the Prime Ministership of Kevin Rudd (currently Australian Ambassador to the US) an advisor to the PM.

The above quote (it is ‘poetry in prose’, is it not?) is taken from his Medium article…

‘A new era of digital currencies with Chinese characteristics’ – Dr Warwick Powell – Medium – Sep 3, 2020

…which, while it may now be several years old, illustrates that what China is doing (has been planning and doing for a long time), is no simple economic thought-bubble – which is of what most Western thought on the subject consists.

Which is just by way of expressing that I like what the Doctor is doing, and will be watching for more from him as time goes by.

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Superfluous wealth can buy superfluities only.
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what I do, I understand.
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We have already seen cuts to services and increases in taxes and user fees, and we can expect a great deal more of that dynamic as central authorities emulate hypothermic bodies. In other words, they will cut off the circulation to the fingers and toes in order to preserve the core. This is of course, a survival strategy, from the point of view of the core. But it does nothing good for the prospects of ordinary people, who represent the fingers and the toes.
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The Poetry in Prose of Economic Thinking

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