ECONOMICS WITHOUT ANY ETHICS.

 

 COUNTLESS COUNTING MACHINES  VS  AN UNFORTUNATE FAMILY  ON A STREET

]HOW DOES POVERTY ENTER AND STAY?

·        Can poverty and prosperity grow together?

·        Why should we celebrate the metal- gold alone?

·        HOW CAN ANY INFLATION ‘GOOD’ FOR THE ECONOMY?

·        WILL THERE BE AN END TO THE PRICE RISE?

·        HOW TO END THE PRICE RISE?

·        WHEN WOULD THE PRICES FALL?

·        ‘MORE AND MORE MONEY   WITH LESS AND LESS PEOPLE’; ‘PHILOSOPHY’  OF THE MODERN ERA?

·        SHOULD GROWTH BE SEEN ONLY IN THE INCREASE IN THE BALANCE SHEET?

·        ARE WE GOING TO MOVE A TRUCK LOAD OF CURRENCY TO BUY A LOAF OF BREAD?

·        INCREASE IN SALARY FOR ALL: WORTH THE SALT?

·        WHO SHOULD FIX THE PRICE FOR A COMMODITY, THE PRODUCER /THE BUYER?

·        IF A CORN FLAKE PACK OF 500gms’   RATE CAN BE FIXED BY THE PRODUCER WHY CAN’T THE FARMER FIX THE RATE FOR HIS 5000 KILO CORN?

·        YOU ARE NOT BARGAINING IN A SUPER MARKET WHEN YOU   BUY A TETRAPACK OF MANGO JUICE BUT WHY DO   YOU BARGAIN WHEN YOU PURCHASE A MANGO FROM A FARMER?

·        CAN WE ENSURE EQUALITY AMONG THE PEOPLE WHEN 95% OF THE POPULATION REMAINS AWAY FROM THE UGLY DANCE OF ECONOMICS CALLED ‘MARKET ECONOMY’?

·        The rich and the poor of the world are united in ‘growth’- the only difference being; for the rich, wealth grows and for the poor; poverty grows. How long this would happen? As long as the man lives in his ‘utopian’ world the poor has to suffer while the rich prospers.

·        MAN's best imaginative invention is called, 'shares/equities' in the field  of  trading.

·        The single most reason for the spread of poverty  among the  'masses'  and the accumulation of wealth by a few 'classes' is the result of an unethical, imaginary and cruel practice called 'trading'.

·        A poor farm hand in India gets two dollars for a day’s work. Similar is the status of millions across the world- leave alone the people who sleep on pavements without even a morsel of food.

·        But an ’arm chair magician' sitting before a system connected by internet would place orders for 'BUY' OR   ‘SELL’ a million shares at the click of a mouse.

·        If he  is going to get a million dollars at the click of a mouse who would be ready to toil in the fields? Is this justified? Is this not cruel? Is it not against the humanity?

·        This piece is not to blame the entire system that revolves around and creates private/public limited companies. But to remind the humanity that a class of people are there who deal with this e-money (easy money?) have no sense of  any work 'and indulge in this 'licensed gambling'  which is wrecking millions of poor across the world.

·        To be honest our governments are not having even paper currencies to match the 'zeroes' that are shown in the balance sheets of limited companies.

·        It was reported some of our CEO'S of Indian companies get more than 50,00,00,000 (50 crore/500 million) as their salaries for a year. But the government's most popular scheme promises 100 day work and 100 rupees salary. If a person works for all the 100 days he gets a mere 10,000 rupees. This is the modern economy. 

·        People who bet on an imaginary horse are riding on prosperity and a man who rears and rides real a horse is reeling in poverty. Unless this bubble money concept is stopped the disparities between the rich and the poor will grow menacingly. The growth percentage shown by the economists are not for all but for a few.

·        The concept of the quantity theory of money (QTM) began in the 16th century. As gold and silver inflows from the Americas into Europe were being minted into coins, there was a resulting rise in inflation. This led economist Henry Thornton in 1802 to assume that more money equals more inflation and that an increase in money supply does not necessarily mean an increase in economic output.

·        The quantity theory of money states that there is a direct relationship between the quantity of money in an economy and the level of prices of goods and services sold. According to QTM, if the amount of money in an economy doubles, price levels also double, causing inflation (the percentage rate at which the level of prices is rising in an economy). The consumer therefore pays twice as much for the same amount of the good or service.

·        Another way to understand this theory is to recognize that money is like any other commodity: increases in its supply decrease marginal value (the buying capacity of one unit of currency). So an increase in money supply causes prices to rise (inflation) as they compensate for the decrease in money’s marginal value.

·        Should we return to barter system? NO. Let us not grow greed. In the words of Mahatma ,’the world has enough for every one’s need  but not for even one  person’s greed’.