The world is constructed in a frame of WORK. Therefore, it is world of work. It also logically follows that everyone is created in a peculiar format who fits into a particular frame of work. Thus, the SELF that is the inner being of a person is specifically shaped in a frame of a particular profession in the society. Hence, every person is a useful creature. On the basis of these, everyone should endeavor to seek for the profession that corresponds to his/her frame of work.
It's against this background that one could aver that not all medical doctors are doctors, not all lawyers are lawyers, not all teachers are teachers etc. If this logic follows, then most educated personalities are mere disjointed BEINGS arising from the admission errors offered them at tertiary institutions.
Therefore, the underdevelopment of a particular nation, is it this mismatch of the content of the self and the knowledge given such fellow by educational institutions? Or could these anomalies be managed to bring better results in all societies?
What is the place of unemployment in this matter?
I would want the public in this forum to contribute to this great debate. Thanks. I'm

I thought this forum is an educative one or a complete semblance of a higher educational institution where scholars and reseachers of different disciplines would visit to acquire knowledge, and I do pray that it should be so that the forum would be taken seriously.
But I'm very much surprised that someone of the status of legend in the forum would consider this piece of work that is of both master and doctorate standard a work of idiot.
If this is the way senior academicians would be rubbished by virtue of illiteracy, hatred for sound academic works, malice and mere juvenile deliquency in this forum, then there would be palpable fear for those of us in the academia to participate effectively.

Students are peculiar people in any society of the world. The most vibrant and articulate social class in contemporary capitalist societies. The repository of both ancient and modem knowledge which could entitle them to top hierarchy positions in work places. Which means management cadre is an exclusive preserve of the students in this world of work.
But this ideal trajectory could only be manifested by the students when there exists a vibrant and articulate student Union in the society that puts pressure on the state and it's management team to provide the blueprint for implementation.
Because the crisis of Capitalism could  only be ameliorated through the equal access to power for negotiations by all social classes aggregated on the criteria of Unionism, which the students are entitled to the game.
In the European countries, the United States of America and other advance countries, the student Union as a distinct body is recognized and accorded the privileges for Good Life all over. It enjoys social security packages and other palliatives so that they could withstand the abrasive crisis of Capitalism.
But in the third world nations, students Unionism are more of the words than actions. The students are factionalized on ethnic and religious boundaries. These primodial particularities are the causes of the failures of the students to obtain a better bargain from the state.
I would like the population of this forum to contribute to this great debate. Thanks.

Philosophers of both ancient and modem all agreed on the meaning of the concept of LIBERTY. It connotes the inherent and innate potentialities of the individuals in the society. And that these potentialities should be granted unfettered access to expressions, realization, actualization and fulfilment for all individuals in the society. It is the achievement of this development that JUSTICE is done.to the individuals, then EQUALITY is promoted. This triangular philosophical geometry is the formula to promote human capital development in any society irrespective of historical development.
It connotes that all individuals in the society occupy a unique position different from the rest. Every individual should be able to realize his/ her naturally endowed potentialities and develop oneself on the basis of this SELF knowledge.
But leadership all over the world has tampered with this natural trends of individuals. It is either a conspiracy or lack of knowledge, certain individuals have been nurtured on a different field of endeavors from their innate potentialities. I most cases, the individuals themselves are ignorant of the self, what its content carries.
The most common arena where this social casualty takes place is the school. Academic campuses have failed to give the individuals the particular discipline that correspond to their innate potentialities in life. It has relegated the fact that technology per se first exists inside the individuals, so what is expected of leadership is to engage the individuals on the basis of this development.
So, there exists two major challenges that leadership and individuals face when it comes to human capital development; the knowledge of the self, and the actualization process.
However, the only solution is to enhance Justice and equality for the individuals in the society. Hence, a lawyer should be a lawyer indeed, this is applicable to the doctors, teachers, engineers and all disciplines and Professions in the society.
I would want the public in this forum to contribute to this great debate. Thanks.6

The emergence of industrial capitalism which commenced in Europe in the second half of the eighteenth century heralded two social phenomena such as; pervasive commodification ( all productions geared for sale), and monetization (the centrality and  the use of money for transactions). Sequel to this development, the entire human society became polarized into two social classes; the owners of production and labour. The latter became decomposed into different social classes such as; the middle class, working class, lower class, under class and lastly at best, though more often than not is never recond, the peasantry.
Thus, production is organized within these social complexities which is characterized with antagonisms arising from inequality, poverty, unemployment, inflation and hunger. These are the causes of the miseries in the human society in recent times.
The Great Depression in Europe in 1929 is as the results of these macroeconomic indices as stated above. Classical liberalism was not able to address the crisis, so there was a shift for the adoption of the neo- liberal paradigms such as; fiscal policy and monetary policy. These were operationalized to help manipulate aggregate demands as to minimize unemployment and inflation in Europe. It was achieved through Budgetary framework which shows the ratio of recurrent expenditures and capital expenditures and the directives of expenditures are specified accordingly.
Ever since the European countries, the United States of America and other advance countries are helped by this neoliberal permutations.
On the basis of these ideological persuasions, what really is happening to the African continent and other underdeveloped continents. Why are they not been able to liberate their continents from the contemporary crisis of global capitalism.
I would want the users of this forum to comment and contribute to this great debate. Thanks.

Nevertheless, those issues that you have raised as challenges of the educational system in Nigeria need to be taken seriously by those in authorities.
But I see it differently from your opinions as stated above.
Firstly, lack of self knowledge and disjointed admissions of students. Most students don't know the potentialities of the self that is in them. The very content of what they carry is not known to them. Those of science content aspire to be admitted in to the social sciences and vice versa. This phenomenon is complicated by the very university authorities granding admissions to students into faculties and departments that are not of the interest of the students.
Secondly, most of the lecturers are indeed not lecturers in the making. It is just that there is no available jobs in the country to absorb them that is why they found themselves in the teaching job. In such a situation, proper knowledge could not be impacted to students inside the class room.
So, if the nation Nigeria could get these better, then the major challenges of the educational system are resolved drastically.

Political participations in the developing nations for the sake of democracy is more of a militarized version of a musical chairs game. It is a trend that predates independence of most nations that experienced colonialism. The ruling class is addicted to the use of thugs and assassins during elections to gain victory. It is perpetrated to gain access to state power for just two reasons;
Firstly, the state power is a veritable asset to control the people and to suppress the opponents. This leads to continuity of regime.
Secondly, the state power is an entrepot and repository of wealth. So the capture of it gives one the undue advantages to engage in primitive accumulation, that is inordinate selfish acquisitions of billions of money at the expenses of the populace.

This political senerio is not applicable to Africa alone. It is a universal phenomenon. It all depends on the maturity of the mind of the people holding certain political beliefs and attitudes in respect to the proper functioning of democracy in their clime. For democracy can't just succeed in any nation except primodial particularities are cleased from the political climate, and a vibrant civic culture and attitudes are injected into the space.
I hope the democratic challenges in the African continent arises from this particular dilemma, and at best from the abrasive class dynamics over the distribution of the wealth of the society.

Well, your piece of work attempts to evoke emotions from a certain segment of the population in this forum. I mean those who would consider the plights of the underdeveloped nations as a result of Western imperialists.
Nevertheless, ownership begets leadership, and the latter directs the entire society composed of followership. So if the ownership is not interested in the welfare of the society, what can the leadership do, except revolt. The latter works for the interests of the former.
Except the ownership is indigenized and there emerges a benevolent leadership, the developing nations would still be in the polyphemus cave of the developed nations, and subsequent leadership of any guise would be a great failure.

I hope the solutions to improve on the welfare of the poor in the society rest on massive production of agricultural crops and other things. The growth and development of any society takes this formula.
The currency options would encounter difficulties and opposition.

Yes, your post has shed more light on me. Thanks alot. Undoubtedly, this forum seems a difficult one, mostly to those who are just coming in. I would like to know certain things from you now.
In my area of expertise, should I be highly technical, moderate, or less technical in the expression of ideas and language?. Assuming I'm a political economist or a political Theorist.
Again, should my post bear the colourations of Bitcoin investments ideas or not?. Because one is scared of writing and there after it is cancelled due to certain reasons beyond one's understanding.
Lastly, should one's grammatical usages be simpler enough to accommodate all social categories of people in all works of life?

Your arguments on the thorny situation of the economic downturn of the country Nigeria is highly pathetic in all ramifications. Though, the dollar factors are part of the woes, yet the government and those of the business community could be held responsible for the inconveniences caused in the nation.
What the government of Nigeria would have done was to put certain measures on ground. The capital expenditures of the budget would have gotten a certain larger percentage to assist commercial farmers for massive production of goods and services, at best for exports. This shows that sufficient products would have saturated the domestic market to deal with artificial scarcity.
Again, a strong political will to direct the activities of a consumer protection society, a body created to control abnormal rises of prices of goods and services in the nation.
If these are done in Nigeria, the situation would be pleasant for all social classes.

Your piece of work is too economical of words. You would have stated the obvious. But that would not stop me from contributing my ideas.
Marriage perse is a Divine contraption contracted by God almighty. So no person could put it apart except death. I'm coming from the christain perspectives. Though the couples come from different background, God has the ability to unite them together, and such unity is binding for life.
But where there is a disagreement between the two, major or minor, leading to divorce, reunion is permissible by the Almighty God. So what God allows, no societal ordinances could contravene, it becomes null and void in it's entirety.

The OP discussion of farming is presented in an open sphere, the country ought to be specified. Because in an advance society, farming is imperative. One need not to lay emphasis on it.
Farming is an activity in the agricultural sector. It entails the production and cultivation of crops (cash/food), animals, vegetables, fishes, birds, etc.
The engagement of these activities could enhance the Gross Domestic Product GDP of a nation which improves the foreign exchange earnings of the nation.
But some nations play lip service to these agricultural activities. On the basis of this, poverty and hardship penetrate to all the social classes of the society. The situation worsened when there is no segment of the population that volunteers to engage in commercial farming, at best for exports.

Undoubtedly, the socioeconomic dimensions in Nigeria is deteriorating on a geometrical progression and solutions to it is in an arithmetical progression. Even as the American dollars used as the standard for evaluation of the degree of cost of living and standard of living comes down or up, the prices of goods and services are always high.
I hope that in no distant time, the government would put things together to alleviate the plights of the entire citizens of the country. That doesn't mean that the individuals should not engage in productive activities to earn a living for themselves.
Both parties should put their hands on deck to procure alternatives to generate money in this hard time.

My brother, you are very correct on this note. The entire world as is created by God is cast in the form of various activities to be taken place. It is a world of work set up to enable everyone to get involved in the production of goods and services to earn a living.
Therefore, whatever activities one is engaging that is not geared towards procurement of incomes is at risk. It would lead to his/ her poverty and hardship in the society.
That doesn't mean that one should not engage in social media commentaries, but should be the one that would generate knowledge for further exploits for wealth generation.

My brother, you should understand that in all ages, production of goods and services are the antidotes to poverty and the hardship you are talking about here. So, it's not peculiar to this present time. The global arena has remained same in the historical epoch of all ages in respect to inequality in all ramifications.
So, the only way to come out from this abrasive inequality, poverty and hardship is to engage oneself in the production of goods and services to earn a living in various capacities of income in the society.

Round 1

1. Re: The Prices of Labour.
Category: Good Thread
Section: Economics

2. Re: My idea on business strategy
Category: good reply
Section: Nigerian local board

3. Re: Economic Implications of War on Individuals
Category: opinion
Section: Economics

4. Re: Isn't it all about money?
Category: Good reply
Section: Economics

5. Re: What class of an investor are you?
Category: Good reply
Section: Economics

When I was in class three in the year 1983, my economics tutor taught us in the class the fundamentals of the subject. Till now those topics such as; definition, market forces, opportunity cost, scarcity, comparative cost advantage, laws of returns, productivity and so on are more often than not a reflection of my mind.
Again, in this recent times, another topic has caught up my reflection such as Import Substitution as was one of the topics of yesteryears in the class. It is an economic device to remedy the continuous fall of the demands and earnings for primary products, mostly oil and gas. On this basis, it inadvertently brings about the fall of foreign exchange earnings. With this development, budget is affected which creates room for externalities, this means much suffering and woes.
The import substitution device makes room for two solutions; the curtailment and limitation of foreign imports, secondly, the massive production of local substitutes such as agriculture, local content products etc. However, within the space of one year, this device is able to provide sufficiently all the goods and services needed by the people of the country.
Is this what is happening in Nigeria or there is another economics device not being taught in the class rooms?. The Almighty God should help calm the fray nerves of the disappointed citizens, or otherwise.
I would want the public in this forum to contribute to the body of knowledge on this serious matter on ground so as to ventilate violent conflicts in the country.

In fact I'm always restless whenever there is elections in my country. The final results are different from what the electorate decided at the various polling units. Elections are features of democracy which enhance representative government in the modern society.
But recent developments have shown how elections litigations have made the elections Tribunals and Superior Courts of Records to determine the elections results and the Winner of the contestations. The trial Judges are less than five by law.
Therefore, on the basis of this eventuality, elections outcomes have now become a contest between the electorate and the judges. So, is it still democracy or Oligarchy in the first place?
I would really want the public in this forum to provide a final digest of this serious matter. Thanks.