Hello,
More of my philosophy of why the market is first and more of my thoughts..
I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms..
I have just looked at the following interesting video where Benjamin Netanyahu the previous prime minister of Israel says a very important thing that i have also just said previously in my own way, so look at the video here:
https://www.youtube.com/watch?v=Z8NarTCoVF0
And here is the very important thing that says Benjamin Netanyahu the previous prime minister of Israel in the above video:
"You think that mathematicians and computer engineers or mechanical engineers or doctors are first. They are very important, but they are
not first. They are second.
There was a country that had the best mathematicians, the best physicists, the best metallurgists in the world. But that country was
very poor. It is called the Soviet Union.
What comes first is markets. This was the main thing that i tried to bring to Israel economy, in my own way"
So it is why i am highly smart, and i have just said previously that you can think GDP per capita so that to become a rich country, and read my previous thoughts so that to understand how:
More of my philosophy about Dubai and about Israel and about tech and more of my thoughts..
I think i am highly smart, and i have just looked again at the
following video of a jewish that is saying that since Israel is
much more innovative in science and technology than Dubai,
so Dubai is much less successful than Israel( You can look at the video
here:
https://www.youtube.com/watch?v=RuPx61911Oo ), but i think he is not right since Dubai is not thinking it like that, but it is thinking it GDP per capita that is also valued in a currency that is convertible to the US dollar or to gold, and it is
what is making Dubai a rich country, it is by highering GDP per capita, but i say that highering the GDP per capita doesn't come only by innovating in technology or/and science, since it can come for example from Foreign direct investments and from being
the good business that can make you a rich country, as i am explaining below, so read my following thoughts so that to understand how:
More of my philosophy about the how many african countries
will become 1st World countries in about 2 decades and more of my thoughts..
I think i am smart, and i say that there is many african countries
that will become 1st World countries in about two decades and
you can look at them on the following video:
Top 10 Wealthiest African countries by GDP Per Capita that would become 1st World Countries
https://www.youtube.com/watch?v=suEqpuoSxnQ
More of my philosophy about the economic miracle of Israel and more of my thoughts..
I think i am smart, and i say that Israel is an economic miracle,
since even if Israel is relatively "poor" in natural resources,
its GDP per capita is around the GDP per capita of Canada, and it
is 4 times the GDP per capita of Russia, so i think that Israel can
not be economically compared to USA or Canada, since USA and Canada
and Russia too are also really rich in natural ressources, since for example Canada, where i am living, has long ranked among the world leaders in the production of uranium, zinc, nickel, potash, asbestos, sulfur, cadmium, and titanium. Canada is also a
major producer of iron ore, coal, petroleum, gold, copper, silver, lead, and a number of ferroalloys, but i repeat that even if Israel was and is relatively "poor" in natural resources, it is an economic miracle, but so that to know more about the
disadvantages of Israel, read my below thoughts:
More of my philosophy about the GDP per capita and about properity and more of my thoughts..
The ideal GDP growth rate is between 2% and 3%, and we know that economic growth is measured as the annual percent change of gross domestic product (GDP), so notice in the following graphical chart
that Rwanda has highered much more economic growth by attracting Foreign direct investments, and notice in the following chart how the net inflow in percentage of GDP between years 2010 and 2020 was very good:
https://data.worldbank.org/indicator/BX.KLT.DINV.WD.GD.ZS?locations=RW
So i think that the economic miracle of Rwanda comes mainly from Foreign direct investments.
So as you notice that highering much more economic growth by Foreign direct investments is the best way for Morocco too, and i think that
Morocco can be much more successful than Rwanda since Morocco has also a strategic location, between Europe and sub-Saharan Africa and notice that so that to attract much more efficiently Foreign Direct Investments, you have also to ensure good
governance, which includes accountability, transparency and efficiency in deploying scarce resources to key sectors of the national economy.
Other than that i have to speak about the GDP per capita so that
to understand wich of the countries are much more prosperous,
so i think that the GDP per capita of Israel is around the GDP per
capita of Canada, and it is 4x times higher than Russia, so i think that
the GDP per capita is so good in Israel since Israel has efficiently highered economic growth by attracting Foreign direct investments and
by its good labour resources and also by its good scientific and technical progress that promotes the efficiency growth of all resources,
but the disadvantages in Israel is that its cost of living is so high and you can also notice it by reading the following article:
https://www.thetravel.com/tel-aviv-worlds-most-expensive-city/
And the other disadvantage of Israel is the following:
I have just taken a look at the average wage by countries, here it is:
https://en.wikipedia.org/wiki/List_of_countries_by_average_wage
So notice carefully that the average wage of Canada, where i am living, is greater than Israel by 30%, and i think it is a disadvantage in Israel.
More of my philosophy about the other factors of competitiveness and innovation and more of my thoughts..
As you have just noticed i have just talked about how Morocco can
higher much more productivity and has a higher "competitive" market
by being high economic "integration" with the other Maghrebis or Maghrebians countries such as Algeria and Tunisia etc., but as you have just noticed i have not talked about innovation more deeply, but i think that Morocco can enhance much more its
living conditions by following the way of my thoughts below, but of course you have to notice that it is "inherent" to my thoughts below that Morocco has to have a well diversified economy so that to be a "resilient" economy, so read again carefully my
following thoughts:
More of my philosophy about economic growth and about economy and more of my thoughts..
I think i am highly smart and i say that we have not to simplify too much the Macroeconomic model , so we have to take into account the most important
factors, so i think that the economic growth is provided by attraction of the investments, and by the labour resources, also by the scientific and technical progress that promotes the efficiency growth of all resources, it is why i think that Morocco my
country has to much more efficiently attract Foreign Direct Investments that is so important for economic growth, not only that, but Morocco has to higher productivity by also providing a good education for its people, but i think that Morocco has a
young and relatively well-trained population and a relatively low labour cost, so i think that the best way for Morocco is to attract Foreign Direct Investments that enhance quality and productivity and Morocco has to higher much more productivity, but
so that to attract much more efficiently Foreign Direct Investments, i think Morocco has to also enlarge its market by being high economic "integration" with the other Maghrebis or Maghrebians countries such as Algeria and Tunisia etc. and it has to easy
much more the administrative burdens that slow down business activities, and i also think that Morocco's debt-to-GDP is not so bad, other than that i think we can be optimistic about capitalism since capitalism is not a zero sum game, since with a
reasonable level of growth, capitalism can both deliver rising living standards for most, and still ensure a relatively high rate of return to the owners of capital. Also here is how i have also explained how to higher much more efficiently productivity:
I think i am highly smart, and i have passed two certified IQ tests and i have scored above 115 IQ, and i will now talk about another important idea of Adam Smith the father of economic Liberalism, and it is about "specialization" in an economic system,
since i say that in an economic system we have to be specialized in doing a job so that to be efficient and productive, but not only that, but we have to specialize in doing a job in what we do better so that to be even more efficient and productive, and
we have to minimize at best the idle time or the wasting of time doing a job, since i can also say that this average idle time or wasting time of the workers working in parallel can be converted to a contention like in parallel programming, so you have
to minimize it at best, and you have to minimize at best the coherency like in parallel programming so that to scale much better, and of course all this can create an economy of scale, and also i invite you to read my following smart and interesting
thoughts about scalability of productivity:
I will talk about following thoughts from the following PhD computer scientist:
https://lemire.me/blog/about-me/
Read more here his thoughts about productivity:
https://lemire.me/blog/2012/10/15/you-cannot-scale-creativity/
And i think he is making a mistake:
Since we have that Productivity = Output/Input
But better human training and/or better tools and/or better human smartness and/or better human capacity can make the Parallel productivity part much bigger that the Serial productivity part, so it can scale much more (it is like Gustafson's Law).
And it looks like the following:
About parallelism and about Gustafson’s Law..
Gustafson’s Law:
• If you increase the amount of work done by each parallel
task then the serial component will not dominate
• Increase the problem size to maintain scaling
• Can do this by adding extra complexity or increasing the overall
problem size
Scaling is important, as the more a code scales the larger a machine it
can take advantage of:
• can consider weak and strong scaling
• in practice, overheads limit the scalability of real parallel programs
• Amdahl’s law models these in terms of serial and parallel fractions
• larger problems generally scale better: Gustafson’s law
Load balance is also a crucial factor.
More of my philosophy about moroccan inventors..
As you have notice i come from Morocco so i am moroccan
and i invite you to read the following about moroccan
inventors:
In Switzerland, Mohamed Yalouh won the gold medal for his invention "Aerial fluid disturbance method without parasitic loads for supersonic flight", during the international competition of inventions and innovations, held from 18 to 20 July, the Moroccan
association said in a statement.
In the United States, Imad El Hana and Mohamed Yalouh won two gold medals at the AII American DAVINCI International Innovation and Invention Expo, respectively, for their inventions "Sun Power Revolution" and "Aerial fluid disturbance method without
parasitic loads for supersonic flight," the statement added.
In Canada, Mustapha Oubouhouch won the gold medal and the award of excellence for his invention "Underwater Free Breathing Apparatus" at the International Invention Innovation Competition iCAN 2021, it noted.
In addition, during the IWA 2021 Innovation Week, organized from September 8 to 12 by OFEED Morocco, Moroccan inventors won 14 awards, including 6 Gold, 1 Silver and 5 Bronze medals.
Read more here:
https://www.mapnews.ma/en/actualites/general/invention-morocco-stood-out-four-international-competitions
Also i have to talk about a researcher in Artificial intelligence
that comes from Morocco and that is called Yoshua Bengio, and In 2017, Bengio was named an Officer of the Order of Canada.[27] The same year, he was nominated Fellow of the Royal Society of Canada and received the Marie-Victorin Quebec Prize.[28][29]
Together with Geoffrey Hinton and Yann LeCun, Bengio won the 2018 Turing Award. and In 2020 he was elected a Fellow of the Royal Society, you can read more about him here:
https://en.wikipedia.org/wiki/Yoshua_Bengio
I am also an inventor of many scalable algorithms, you can read about some of them in the following web link:
And you can read more about my education and my way of doing here:
Here is more proof of the fact that i have invented many scalable
algorithms and algorithms:
https://groups.google.com/g/comp.programming.threads/c/V9Go8fbF10k
And you can take a look at my photo that i have just put
here in my website(I am 53 years old):
https://sites.google.com/site/scalable68/jackson-network-problem
Yet more philosophy about how Morocco is advancing quickly..
Morocco Wins 2 Gold Medals in Pan African Mathematics Olympiads
Morocco was ranked first in the competition, with 147 points,
outperforming South Africa (142 points), and Tunisia (133 points).
Read more here:
https://www.moroccoworldnews.com/2019/04/269989/morocco-wins-2-gold-medals-in-pan-african-mathematics-olympiads/
And look at the following video about the Aerospace Industry in Morocco
https://www.youtube.com/watch?v=aEqdgBU7KEE
More philosophy about how Morocco is advancing quickly..
I invite you to look at the following interesting video:
Immersion dans la future cité Mohammed VI Tanger Tech
https://www.youtube.com/watch?v=HLAFNgXb87U
China’s challenge in Morocco’s Africa-to-Europe commercial corridor
Read more here:
https://www.eastasiaforum.org/2020/08/01/chinas-challenge-in-moroccos-africa-to-europe-commercial-corridor/
More of my philosophy about the Market equilibrium and about the Macroeconomic models..
I am a white arab from Morocco, and i think i am smart since i have also invented many scalable algorithms and algorithms..
I will talk more about the Market equilibrium and the Macroeconomic models:
So i think that a market is considered free if the next
conditions are satisfied:
- the market is not regulated by authority directly or indirectly;
- the criminal pressure is absent;
- there is no price collusion between monopolistic suppliers.
And of course the most important thing in the free market is also self-interest or egoism that is most of the time regulated by "competition" to not lead to corruption, fraud, price-gouging, and cheating, as has said it Adam Smith the father of economic
Liberalism, so the commodity price in a free market with the right competition depends on the demand and the suggestion only, so then sellers stimulate the demand by lowering the price if the commodity is in plenty. In so manner they can force sale and
avoid the loss of perishable commodities. If the commodity is in shortage, sellers do not miss the opportunity to rise the price, and when above mentioned mechanism works, a dynamical balance of demand and supply takes place in some time and the price is
stabilized at a definite level. But notice that there is also the other mechanism that permits to control "inflation" and it is the by the supply of money and by interest rates, read about it in my below thoughts:
More of my philosophy about the modern economics and about Keynesian economics and more of my thoughts..
And i invite you to read the following interesting article:
Does Keynes’s theory still hold up?
https://www.weforum.org/agenda/2016/02/does-keynes-s-theory-still-hold-up/
More of my philosophy about the Keynesian economics and more..
I think i am highly smart and i will invite you to look at the following new video about how the governments of Europe and USA have spent more in the economy and were following the Keynesian economics in the period of economic Crisis of Covid-19, since i
think that Keynesian economics even if it is not the modern way by using the supply of money and by interest rates, can still has some "advantage" in this kind of economic crisis, and the macroeconomic theories and models of Keynesian economics is about
how aggregate demand (total spending in the economy) strongly influences economic output and inflations, so i invite you to look at the following new video so that to understand the how of it:
The EU's New Plan to Transform the Economy - VisualPolitik EN
https://www.youtube.com/watch?v=N2-HqLZJIhU
But i will say that Milton Friedman, an American economist awarded the 1976 Nobel Memorial Prize in Economics for his contribution to consumption analysis and to monetary history and theory, including his observations of the complexity of stabilization
policy, was the founders of the modern monetarist school of economics, that held that the business cycle is determined mainly by the supply of money and by interest rates, rather than by government fiscal policy - contrary to the long-prevailing view of
Keynes and his followers. So then you have to understand that the modern way in economics with wich we manage inflation and unemployment is no more using keynesian economics, but it is by using for example the following way using the supply of money and
by interest rates:
I think i am highly smart, and i think that the Federal Reserve policymakers of USA are trying to slow down the economy and subdue inflation by highering interest rates, and highering interest rates make money costlier and borrowing less appealing and
that, in turn, slows demand to catch up with supply, which has lagged badly throughout the pandemic, but that's the macroeconomics of it, and its potential effects include lower wages, a halt or even a drop in home prices and a decline in stock market
valuations etc., but notice that the highering of interest rates reduces the demand, so i think it has a macroeconomic effects of balancing by creating lower prices in one side and part of the economy and this compensate much more for the higher prices
in the other side and part of the economy, but notice that it doesn't mean that the highering of interest rates solves all the problems.
And now i will talk about the macroeconomic models:
The central place in the economic theory are taken by the dynamic
items, namely – the long-term market equilibrium and the growth of the national income which is a main base for well-being of the people. The
economic growth is provided by attraction of the investments, the labour resources, also by the scientific and technical progress that promotes the efficiency growth of all resources. On this reason the economical models consider the very important components – the investment, the manpower resources and the productivity of
labour. The growth indicators are the joint product output and its important part – public consumption funds. And of course you can take a look at my thoughts in the following web links about competition and about the welfare system and about how
competition regulates egoism and selfishness and more:
https://groups.google.com/g/comp.programming.threads/c/KLEJuMnN3Ho
And read here:
https://groups.google.com/g/alt.culture.morocco/c/sw5EarahFo8
And now here is a part of my philosophy about how to be self-confidence and about how to be the positive energy and how to be hope so that you notice how my philosophy is smart:
https://groups.google.com/g/alt.culture.morocco/c/RNxOWBpkHkM
More of my philosophy about the american dream and more of my thoughts..
The American dream was initially conceived by Thomas Jefferson as each citizen’s right to the pursuit of life, liberty and the pursuit of happiness, this american dream is not about guaranteed outcomes, of course, but the pursuit of opportunities, so
notice carefully
that i have just spoken more and more about those kind of opportunities
that we have to have and that makes the american dream, like for example
my talking in my below thoughts about Progressive Capitalism of Joseph E. Stiglitz, since Joseph E. Stiglitz is saying in his videos below that he has advised the democratic party about his reforms of his progressive capitalism, so read my below thoughts
carefully so that to understand:
And I have just looked at many videos on youtube of Joseph Stiglitz and
i have just understood him well, but i have just quickly found the following interesting video of him that explains well the reforms that we need so that to be progressive capitalism, and he is saying in this video that he has advised the democratic
party about his reforms of his
progressive capitalism and i think that he is a democrat, so i
invite you to look at his following interesting video so that
to understand:
Joseph Stiglitz on People, Power, and Profit | Munich Security Conference 2020
https://www.youtube.com/watch?v=sym4UZOjhJc
And more precision about more of my philosophy about progressive capitalism..
I invite you again to look at the following interesting video of Joseph E. Stiglitz that speaks about some thoughts of his interesting book “People, Power, and Profits: Progressive Capitalism for an Age of Discontent.”:
Joseph Stiglitz on People, Power, and Profits: Progressive Capitalism for an Age of Discontent
https://www.youtube.com/watch?v=jLJksgMIDdI
And read his following interesting article in The New York Times so that
to understand:
Joseph E. Stiglitz is a university professor at Columbia, the 2001 recipient of the Nobel Memorial Prize in Economics, a former chairman of the Council of Economic Advisers, a former chief economist of the World Bank and the author, most recently, of “
People, Power, and Profits: Progressive Capitalism for an Age of Discontent.”, and i invite you to read his following interesting article in The New York Times:
Progressive capitalism is not an oxymoron
Read more here:
https://www.nytimes.com/2019/04/19/opinion/sunday/progressive-capitalism.html
More of my philosophy about the exponential progress and about capitalism and more of my thoughts..
I think i am highly smart, and of course i have to talk more about why i am optimistic about capitalism, and here is why , read the following thoughts about the Ramez Naam’s new book so that to understand:
The Limits of the Earth, Part 1: Problems
"In my own new book, The Infinite Resource: The Power of Ideas on a Finite Planet, I challenge this view. The problem isn’t economic growth, per se. Nor is the problem that our natural resources are too small. While finite, the natural resources the
planet supplies are vast and far larger than humanity needs in order to continue to thrive and grow prosperity for centuries to come. The problem, rather, is the types of resources we access, and the manner and efficiency with which we use them.
And the ultimate solution to those problems is innovation – innovation in the science and technology that we use to tap into physical resources, and innovation in the economic system that steers our consumption.
The situation we’re in isn’t a looming wall that we’re doomed to crash into. It’s a race – a race between depletion and pollution of natural resources on one side, and our pace of innovation on the other."
Read more here:
https://blogs.scientificamerican.com/guest-blog/the-limits-of-the-earth-part-1-problems/
And i also say that we have "just" already attained the knee
of the exponential progress curve, this knee of the curve is the place
where growth suddenly switches from a slower to an even faster
exponential mode, so now the curve of exponential progress of our
humanity has "just" already started to go exponentially even much
faster, this is why i say that in about 10 years from now we will become so powerful because of it. And you have to look at the following video so that to understand this exponential progress of our humanity:
Exponential Progress: Can We Expect Mind-Blowing Changes In The Near Future
https://www.youtube.com/watch?v=HfM5HXpfnJQ
Thank you,
Amine Moulay Ramdane.
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