The world is in a sort of turmoil and it is purely man made. We know that the world's basic resources are limited and may remain sufficient to cater to need of humanity if there is right distribution and judicious exploitation. Here lies the need to look back at the socialistic philosophy that had a bad beating towards the end of last century.
The crux of the matter is that the mechanisation and automation devised under the break-through in the shere of science and technology have rendered the world's resources very very short of the requirement of feeding the industry.
The technology is no more helping us, it is in fact pushing our world society in stressful times. Such times have come at juncture where some nations have still to taste the fruits of modern production and process and some find theopinionmselves incapable to go beyond the level achieved so far. The financial system adopted by the world's advanced nations have started to back-fire. The post retirement provisions in develo
The first step has to be that the govts stop accepting to provide any more than the life sustaining income to people in retirement or people out of employment. This level can be different for every country depending on the level of development achieved. The delivery of relief for such sections of population should be in most straight manner and with minimal expense entailed in distributive exercise. The rest of the people should be taxed enough to cover such expenses on the need based basis without any transfer of liability to future or to future generations . This will do away with issuance of public debt paper for this or that. Indebtedness of state will always unduly benefit some and punish some today and also later. The responsibility will also be difficult to fix as who distorted how much and when if the taxing power of the state will be mis-used in the it has been done.
The second step for the order in society is to have limits imposed on individual consumption irrespective of the income generated. This is a difficult area to be looked into but unless it is done the policies will be so manipulated that eventually stressful conditions arrive. It has never been the case the incomes have been earned in proportion to service rendered to society. Much of the incomes earned come due to being at right place at right time or being at the right side of a faulty policy or scheme or by purely conniving deceitfully.
The markets of the world have become positive after the Jackson Hole summit. Bernanke hasn't used the QE 3 tool but has indicated that it remains a tool in his hand if there is need for it later on . I told you earlier and I am telling you now also that the predicament that Europe and US find themselves in can only be tackled by use of quantitative expansion. The regain of health would come when there is no further mis-use of state's taxing power to back the borrowing programmes. I have talked at length in earlier posts about the need to have a world currency that will not be expanded at will and also the need to keep interest rates in line with the market without any overt influence . My basic ideas may not be liked by people as opinions differ but I can assure you that more you would reflect on them more value will be found by you. I say this because what I have been saying for last many years in respect of these matters have not been out of tune with the developments later on ...kbk
The technology is no more helping us, it is in fact pushing our world society in stressful times. Such times have come at juncture where some nations have still to taste the fruits of modern production and process and some find theopinionmselves incapable to go beyond the level achieved so far. The financial system adopted by the world's advanced nations have started to back-fire. The post retirement provisions in develo
The first step has to be that the govts stop accepting to provide any more than the life sustaining income to people in retirement or people out of employment. This level can be different for every country depending on the level of development achieved. The delivery of relief for such sections of population should be in most straight manner and with minimal expense entailed in distributive exercise. The rest of the people should be taxed enough to cover such expenses on the need based basis without any transfer of liability to future or to future generations . This will do away with issuance of public debt paper for this or that. Indebtedness of state will always unduly benefit some and punish some today and also later. The responsibility will also be difficult to fix as who distorted how much and when if the taxing power of the state will be mis-used in the it has been done.
The second step for the order in society is to have limits imposed on individual consumption irrespective of the income generated. This is a difficult area to be looked into but unless it is done the policies will be so manipulated that eventually stressful conditions arrive. It has never been the case the incomes have been earned in proportion to service rendered to society. Much of the incomes earned come due to being at right place at right time or being at the right side of a faulty policy or scheme or by purely conniving deceitfully.
The markets of the world have become positive after the Jackson Hole summit. Bernanke hasn't used the QE 3 tool but has indicated that it remains a tool in his hand if there is need for it later on . I told you earlier and I am telling you now also that the predicament that Europe and US find themselves in can only be tackled by use of quantitative expansion. The regain of health would come when there is no further mis-use of state's taxing power to back the borrowing programmes. I have talked at length in earlier posts about the need to have a world currency that will not be expanded at will and also the need to keep interest rates in line with the market without any overt influence . My basic ideas may not be liked by people as opinions differ but I can assure you that more you would reflect on them more value will be found by you. I say this because what I have been saying for last many years in respect of these matters have not been out of tune with the developments later on ...kbk
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