Ideas are
capital, the rest is just plain money – Deutsche Bank
All
achievement, all earned riches have their origin in an idea – Napoleon Hill
In the pre –
industrial and even up to the industrial age, the wealth of a people or nation
is measured by the size of its physical structures such as land, minerals etc.
In those
days, if your family didn’t own a large expanse of land for agriculture,
mineral deposits or large plantation of economic trees, you will be poor,
because you could then only work for those who had those physical resources and
get paid for your labour. And there is only so little labour can give you in
terms of remuneration.
This meant
that you were limited totally by your place of birth. If your parents worked as
laborers in the farmland of the wealthy, you would likely work in the same
farmland when you grow up.
But today
the story has changed. Now, ideas and Knowledge rule the world. You can be born
in a ghetto and you move instantly to a palace by the power of your idea or knowledge.
The place of
your birth does not matter again after all. You don’t need money anymore to be
rich, all you need to generate wealth is one powerful idea that will affect many
people.
Today the
wealth of a nation is no longer measured by the size of its land or the mineral
resources it has buried within its soil. The wealth of a nation and or any
individual is now measured by the power of idea or knowledge.
It is this
idea or knowledge that drives technology which in turn drives the world. Today,
the wealthiest nations or individuals are not those with abundance natural or
mineral resources but those with technology which is a product of human wisdom.
Africa today
is the poorest continent on earth despite the fact that it has over 70% of the world’s
mineral resources. If these were true measure of wealth, Africa would have been
the wealthiest continent on earth.
Despite being
endowed with enormous mineral deposits, majority of Africans, still live below
poverty level. This is because, Africa leaders did not understand the power of
knowledge and ideas, and as such did not invest in the development of its human
resources.
Their emphasis
was on tapping the abundant mineral resources that is buried in their soil
without any emphasis on people development.
It is saddening
that even the technology to tap these mineral resources is imported from
overseas and African countries pay billions of dollars to the western world for
helping them tap even the natural resources they have in their soil.
Nigeria for
instance has paid over 300 billion dollars to Netherlands, Britain, and United
States of America for helping us tap our oil.
The western
world understand the power of knowledge and as such invested heavily in the
development of its citizens while most Africa leaders placed more emphasis on
picking up cheap money from natural resources without adding any value to such.
Is it not
painful that gold is extracted from African soil, exported in its raw form,
polished in the west and imported back to Africa at very high premium?
Africans will
export a container of cocoa and use the proceeds to import two or three cartons
of chocolate.
We are permanently
shortchanged by the developed world because of our leader’s lack of foresight
to develop our people and hence develop the economy.
The poverty in
Africa today is induced by lack of knowledge or ideas.
The leadership has not
placed emphasis on the superiority of knowledge over guns and power and this is
why in most African countries, a colonel in the army earns more than a university
professor.
Africa is
suffering from the consequences of its leader’s rejection of knowledge as
inscribed in the Holy Scriptures,
Isaiah 5:13 –
“therefore my people are gone into captivity
because they have no knowledge, and their honorable men are famished, and their
multitudes died up in thirst.”
This implies
that our poverty in Africa today is induced by lack of knowledge and can only
be solved by our collective pursuit of knowledge and the celebration of the
power of knowledge.
I want to
believe that this was what prompted our own son, the very eminent Professor
Phil Emeagwali to say,
“The potentials for progress and poverty
alleviation in Africa, relies on capital generated from the power within our
minds not from our ability to pick minerals from the ground or seek debt relief.
Knowledge and ideas are the engine that drives economic growth.”
To confirm
the power of knowledge or ideas over mineral resource or even money, let us
look at nations like Japan, Singapore, and even recently India.
What India generates from information
technology export is probably more than what we get from the very oil we have been
killing ourselves over.
Japan became
a great nation and one of the great powers on earth without a single natural
resource. I learnt they probably import water.
Singapore,
an island that was considered economically unviable has been turned to a
country of envy by the understanding of the leaders of the nation who started
from beginning to invest in its human potentials – the only unlimited resource
available to any nation or organization.
Before the
coming up of Microsoft, Bill Gates was unknown wealth – wise and worldwide. But
equipped with the power of ideas, he went on in a few years to become among the
wealthiest men on earth.
The Google
guys, Larry page & Sergey Brin wouldn’t have been noticed anywhere until
the force of ideas pushed them to the front stage of fame and influence.
Steve Jobs
was relatively unknown, except probably his immediate family until the power of
ideas behind the apple computers propelled him to limelight.
What can we
say of our own Professor Phil Emeagwali whose knowledge of information
technology has transformed from an ordinary immigrant from Africa to a force to
reckon with globally.
You cannot
talk about the super computers without talking about the intellectual giant.
The world
today is ruled by men and women of knowledge and ideas. Knowledge and ideas
rule the world.
Go get
ideas. Pursue knowledge for your life depends on it. In coming years, your
level of influence will be measured by the impact of your ideas or knowledge. Men
and women will seek you for what you know.
Your knowledge
will attract wealth to you. You will be able to sell your ideas and become
wealthy with it.
Therefore get
ideas, get knowledge!
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