Who We Are…
American Economist Paul Romer is quoted to have said: “Economic growth occurs whenever people take resources and re-arrange them in ways that are more valuable”
This book is published by the SFE Foundation, a community development foundation chartered for the purpose of empowering and re-booting economic engines. The foundation does the heavy lifting of working with individuals, families, communities and nation-states to turn-around financial viability. In this case, the motivation of the foundation is not profit, but rather love, as the foundation is comprised of individuals that stem from different Caribbean countries of all language groups.
The SFE Foundation is not a person; it’s an apolitical, religiously-neutral, economic-focused movement, initiated at the grass-root level to bring change back to the Caribbean homeland – no one Caribbean State is favored over another. The SFE Foundation is not affiliated with the CariCom or any of its agencies or institutions. This movement is not an attempt to re-boot the CariCom, but rather a plan to re-boot the Caribbean. This movement was bred from the frustrations of the Diaspora, longing to go home, to lands of opportunities. But this is not a call for a revolt against the governments, agencies or institutions of the Caribbean region, but rather a petition for a peaceful transition and optimization of the economic, security and governing engines in the region.
Quotation – American Economist Paul Romer: “A crisis is a terrible thing to waste”
The peak day of the recent global financial crisis was September 15, 2008. On this day, Wall Street giant Lehman Brothers filed for bankruptcy protection, and eventual dissolution, after succumbing to the weight of over-leverage in mortgage-backed securities. There is an old observation/expression that states that “there are 3 kinds of people in the world, those who make things happen, those who watch things happen and those who wonder ‘what happened?’“. Principals of SFE Foundation were there in 2008 … engaged with Lehman Brothers; on the inside looking out, not the outside looking in. Understanding the anatomy of the modern macro economy, allows the dissection of the processes and the creation of viable solutions.
The book was initially composed in Omaha, Nebraska, the home of one of the world’s richest men, Warren Buffet – the “Oracle of Omaha” – CEO of corporate giant Berkshire Hathaway. While the United States experienced boom and bust during the Great Recession, Omaha remained a stable, consistent model of prosperity (in March 2008 the unemployment rate in Omaha was 3.9 percent). This was no accident. This community embraces a certain ethos that is fundamental for stability and vibrancy: good corporate citizenship. Omaha is home to other corporate movers-shakers in addition to Berkshire Hathaway. This community example is purported as a model for assimilation by the Caribbean region.