image missingTrue Value Metrics (TVM)
Meaningful Metrics for a Smart Society
image missing Navigation ... HOME
SITE
NAV
CONTEXT
ISSUES
POSSIBILITIES
HOW THE
WORLD
WORKS
SECTOR
PROCESS
IMPACT
STATE
ALL THE
CAPITALS
ACTORS
PEOPLE
ORGANIZATIONS
PRODUCTS
STUFF
CONSUMPTION
PLACE
COMMUNITIES
COUNTRIES
PEOPLE
QUALITY
OF LIFE
NATURE
SOURCE of
all VALUE
ECONOMY
MONEY
LIQUIDITY
TRUEVALUE
DATA at
the CENTER
ABOUT
VISION
STRATEGY

HOME
INDEX
ISSUES
CONTEXT
PROGRESS
PERFORMANCE
POLICY
POSSIBILITIES
GLOBAL
SYSTEM
STATE
CAPITALS
FLOW
ACTIVITIES
FLOW
ACTORS
MANAGEMENT
TVM CONCEPTS
PETER
BURGESS
SiteNav SitNav (1) SitNav (2) SitNav (3) SitNav (4) SitNav (5) SitNav (6) SitNav (7) SitNav (8) SitNav (9)
Date: 2019-07-17 Page is: DBtxt001.php list0300-Need-1

Definitions for TrueValueMetrics
Need

Needs, wants, market demand and poverty are all linked together.

Needs. Human beings in rich countries have little appreciation of the difference between basic needs and the many “wants” of a rich society.

Those that live at the $1 a day level know how important it is to have water to drink, some food to eat, some clothes to keep warm and some shelter from the elements. This population knows something about family and children secure the future.

Somehow, this population understands the importance of education and the need for healthcare. Above all this population is incredibly entrepreneurial and are survivors against all odds.

The definition of basic needs changes as the wealth of the society increases ... but it is worth remembering that there are many layers of need. Below the lowest of the basic needs ... the outcome is death.

What people want! Human beings are conditioned to want things that are essential to survival ... it is part of the human biology. But beyond the basics for survival wants take on a very different set of characteristics.

Market demand.

Poverty. It is confusing to hear the one liner that “people living under $1 a day” are the ultra poor, and ordinary poverty is merely “living with under $2 a day of income”.

But worse, the very idea that so much of the world's population, maybe 2 billion people or about one third of the world's population, live at this level of poverty is disgusting. Until these levels of poverty are eliminated, the world should consider the national and international processes of governance and relief and development an abject failure.

Poverty is not caused by the laziness of poor people as much as it is caused by a systemic failure of the economic apparatus. People work hard ... but they get little reward, and there is little progress.

A paradigm shift is needed that allows a productive economic system to work and makes it possible for poor people to be included.



The text being discussed is available at


TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative.
It has been funded by family and friends plus donations from well wishers who understand
the importance of accountability and getting the management metrics right.
SITE COUNT
Amazing and shiny stats
Blog Counters Reset to zero January 20, 2015

The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2019 Peter Burgess. All rights reserved.