HRH Muhammad Sanusi II for Age of Economics - Full interview

Age of Economics: in the first part of this project a diverse group of global thinkers answers 8 fundamental questions about economics and capitalist civilization. (Interview number 17)
0:00 - Prologue
01:32 - Intro
01:49 - 1. Why does economics matter?
04:18 - 2. What are the differences between economic science and economic engineering?
09:36 - 3. What role does economics play in society? Does it serve the common good?
12:48 - 4. Economics provides answers to problems related to markets, efficiency, profits, consumption and economic growth. Does economics do a good job in addressing the other issues people care about: climate change and the wider environment, the role of technology in society, issues of race and class, pandemics, etc.?
18:47 - 5. As we live in an age of economics and economists - in which economic developments feature prominently in our lives and economists have major influence over a wide range of policy and people - should economists be held accountable for their advice?
24:48 - 6. Does economics explain Capitalism? How would you define Capitalism?
31:13 - 7. No human system to date has so far been able to endure indefinitely - not ancient Egypt or Rome, not Feudal China or Europe, not the USSR. What about global Capitalism: can it survive in its current form?
36:52 - 8. Is Capitalism, or whatever we should call the current system, the best one to serve the needs of humanity, or can we imagine another one?
About HRH Muhammad Sanusi II
Nigerian. Economist, former Governor of the Central Bank of Nigeria, former Emir of Kano
His Highness Muhammad Sanusi II became the 14th Fulani Emir of Kano in 2014. Born July 31, 1961, Sanusi descends from a lineage marked by its combination of royal blood and public service. Numerous imams and judges are to be found among his forebears. Sanusi’s father was a pioneer career diplomat of Nigeria and served in Canada, Belgium and China. After childhood, Qur’anic studies and elementary school, Sanusi entered King’s College Lagos, then earned a bachelor’s and master’s degree in economics at Ahmadu Bello University, Zaria. In 1985, he launched a distinguished banking career at ICON Ltd. Merchant Bankers, a subsidiary of Morgan Guaranty Trust and Baring Brothers. Later, he joined United Bank for Africa, running its credit and risk management division and then rising to the position of general manager. In 2005, he moved to First Bank, where he was appointed group managing director in 2009. Alongside this work in the financial industry, Sanusi never ceased pursuing his scholarship in Islamic history, thought, and law. After years of private study under the tutorial of a number of learned ulama', he left banking to enrol in the Africa International University in Khartoum, Sudan, where he earned a degree in Islamic studies and fiqh in 1997. In June 2009, Nigerian President Umaru Musa Yar’adua appointed Sanusi governor of the central bank. In 2014 he was suspended by President Goodluck Jonathan after raising the alarm on the US$20 billion NNPC scandal. Since then he is living in exile, teaching as an academic fellowship at the University of Oxford.
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Interview by Fabio Dondero and Julian Karaguesian
Music: J.S. Bach, from The Well-Tempered Clavier. Kimiko Ishizaka, piano. Video by Fabio Dondero

[@psikeyhackr6914]

"Economists humble?" I asked a PhD economist from the University of Chicago to explain how an automobile engine worked. He couldn't even start. How much do consumers lose on the depreciation of durable consumer goods each year? How does planned obsolescence affect that? Economists do not talk about NDP. Check the NDP equation. Only the depreciation of capital goods is subtracted.

[@Tk1NE]

Brother Sanusi is a brilliant “Sankara-like” African Leader; of whom sadly; Our African continent and indeed the world; has lost a great opportunity, to recognise his astuteness and vision. Denied greater opportunities by the Nigerian Establishment; upon the higher wishes and demands of their Western benefactors. Nation-State Efficiency; Self-Dependence and Sovereignty for Our Africa, are against both the interests of Nigeria’s local elites, as well as the broader capitalist Western plunderers; whose ultimate domination, is their only concern. Brother Sanusi would have been a major bulwark, to their neo-colonial agenda/s. Sanusi as Sankara before him; was a threat to their graft-laden partnerships. Ergo; his political persecution; due to also his integrity and principles; which he would not compromise or put up for sale. If he could have arrived to the State House; his model from conception to execution; would have cut down their decades long Control and his leadership’s example, policy and programs; would have certainly been regarded, just as dangerous, as Sankara’s Pan-African/ No Debt Repayments or more Western Debt acquisition, with less military purchases but advocated a self-reliant United Africa; is just too bright a vision; for their dark dastardly deeds to remain untouched; in the face of such internally driven, Continental True Progress. Our progeny will ask why we did not listen to this African Exemplar Leader 🫡 🙏🏾