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HOMESTEAD: Re:response to Turnbull re proposal to World Bank and Ellerman involvement



Shann:

        I added the following at the end of the section now entitled " Use of Central Banks to Spread Ownership". The section begins with the Capital Homestead Act material and has the following paragraph at the end of that section, followed by footnote 28 also excerpted here.
" Shann Turnbull developed another proposal for using central banks to broaden ownership for the May 2001 COG meeting. He also presented it to the President of the World Bank He explains how client countries could establish self-financing economic development on a democratic basis consistent with the mission of COG and that of the World Bank to "eliminate poverty" and provided a basis for terminating the need for the World Bank and other international lending institutions when foreign exchange was not required in a development project./28

 28/ "The Use of Central Banks to Spread Ownership", http://papers.ssrn.com/sol3/papers.cfm?abstract_id=277508"

I did not include the information about the actions of Ellerman and the Pres. of the World Bank because on this deadline I do not have time to vet them with the other sources.Based on a conversation I had with Ellerman last spring, I thought he might have a different perspective on those events. I  am sending this to him to see if I misunderstand.

Deb

At 03:14 PM 9/9/01 +1000, you wrote:
At 01:34 PM 9/9/2001, you wrote:
2. Before the section on the Capital Homestead Act on page 14 -17 could you add a new short Section with the heading along the lines as follows:

There was no room to add all of this but I did add a sentence and a short footnote citing your paper.

Dear Deb

I cannot accept your above decision without question and challenge.

I believe that the creditability and significance of COG activities and its contribution to making a real difference towards achieving its mission is substantially diminished with its sponsors and potential sources of funds in not finding room for the suggested three paragraphs. As I mentioned earlier there is much descriptive material that could be eliminated to not just making space for the three paragraphs but also in providing a much more focused presentation.

What other parts of your document provide more creditability than having the President of the World Bank not just taking notice but also making his own contribution to proposals and facilitating action?  Please indicate how you defend your editorial priorities?  Please consult your co-author.

Regards




Shann Turnbull  Ph.D.
P.O. Box 266 Woollahra, Sydney, Australia, 1350
Ph: +612 9328 7466 office; +612 9327 8487 home; Fax: +612 9327 1497;
Life long E-mail: sturnbull@mba1963.hbs.edu  Alternate:sturnbull@optusnet.com.au
http://members.optusnet.com.au/~sturnbull/index.html
Papers at: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=26239
with other papers & book at http://cog.kent.edu/library.html