Wednesday 10 July 2013

Is there order in the current economic systems?

I am no economist. For that matter I do not even know many of the terminologies that are associated with this subject. I do not read the Business magazines to qualify myself as an expert on everyday affairs


Here are some straightforward questions that need to be answered

1. When we talk about some country economies doing well, is it happening at the expense of another country? If so,  is it because the performance of that country has degraded or is it because of cut throat competition? If it is the latter then is not a shame that life is all about competition and not about opportunities? Has that impacted the number of people employed in the other country. Has someone's ability to meet the basis expenses in his or her family been taken away because of that?

2. Is a country or organization making money at the expense of the health and happy social life of its people? A person working for more than half a day , is likely to miss out on so many important things in his life starting from the priority given to health and the priority given to one's family. Broken people do not make a success story

3. What has been the motivation towards generating wealth. Is it well being or is it motivated by acquiring more than what is required to be happy? Which goods produced by the economy is really required? Do we produce all that which is essential for everyone? Do we produce something that is harmful or unncessarily consuming resources difficult to replace. Are there ways of leading a more austere life which puts less strain on the environment?

4. Are some of the technologies which might be helping us out in many ways, because of lack of regulation, being used in ways that exploit the society and also cause disharmony ?

5. Is there a solid argument to suggest that monetary institutions like bank which thrive on loan interests or credits do not actually cause inflation and collapse of economy in the long term?

6. Is there a backup  for the world economies in case some critical raw material used by different products produced to sustain the economies dries out or are we hoping for some good fortune or luck to intervene just before time runs out? In that case can we not term the economy as non sustainable and unpredictable?


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