Three types of countries:
The matched country - this is the country that has symmetry over the sectors of the country. Such that one doesn't over-extend or under-extend one's nations finances. The primary sectors are cared for properly and technology is prudently applied in order to provide happiness and satisfaction to the population. This enables great levels of production, all the way from low-tech production to high-level production.
The top-heavy country - this type of country seeks power through technology and is typically a dictatorship where poverty strikes the workers of the primary sectors in order to seek technology and finance military capacities. One example: Soviet Union.
The bottom-heavy country - this type of country has large primary sectors and much corruption and entertains dictatorships as well. One example: North Korea.
Cases: Soviet Union, North Korea, South Korea, Cambodia, Thailand, Australia, New Zealand, Germany, Norway, Denmark, Sweden, France, Italy, Russia, -(others)
The Financial Crises - A call for economic rationality
ReplyDeleteRespecting fundamental "rules" of the economic science should provide for economic rationality, including the professional ethics, mind you, as well as (duty to) providing utility.
Then 2 examples of 2 financial crises of irrationality:
1. The financial crisis of 2007–2008, also known as the global financial crisis
Failure:
- unrestricted/unqualified lending of money from banks, mainly in successful USA which may have been a kind of (fraudulent) deliberation or thereof.
2. The dot-com bubble, the burst of the bubble lasted from March 11, 2000 to October 9, 2002
Failure:
- unhinged/unqualified investments into information technology stocks, buying "pixels" from "internet companies", also from companies with people who were poorly trained for the commerce potential. Greed for earning money really fast. Some say "unfounded" growth of stock prices. Either, in hindsight, the longterm, serious investment into expertise and technology would probably have paid of regardless, almost, I happen to think.
So, this is a calling for economic rationality. With today's mature information era, there are rich opportunities to do the right thing, even though you may be outperformed "on paper" by other investors, bankers, companies, whomever...
"The future looks bright!" Doing the right thing, being rational should by my experience carry you through hell and all other difficulties! (Where the greedy, criminals are now "swimming" the sewers, if they do not live there, outright!)
#Evil by any crime whatsoever has no guarantees, has no protection, has no protection! Indeed, is subject to #legal #persecution at any point in time!
ReplyDelete#Justice #Morality #KantianEthics #The4Factors #LegalSystem #Law #Decency - Also the Black Money issues, difficulties with using money from crime, sending people out on the streets as homeless, possibly. "Curse", adverse quantum physics, on Human Rights infringing countries, the poor, moronic leaders doing even more damage to the country in question.