Each society has its own problems and unique circumstances which must be overcome or mediated, leaving each nation with a somewhat myopic view of the world. Building a common approach even within a single country is difficult, and it is easier to ignore others to satisfy domestically. But if the people of the world all adopted certain social recommendations, all could benefit in the expanding accumulated human knowledge.
One of the greatest problems on a national level is determining what is the best way to use the resources of a nation for the betterment of its people. Some believe the best way is to allow the results of supply and demand to control resource allocation within the free market. Others believe the best way is to have rational control over assets to ensure equitable distribution.
Unfortunately, this approach heavily favors those who already have much and can afford more. Thus the much vaunted free market has a natural consumer reviews built into it providing the powerful the means to remain powerful. Only when nation or international groups can see beyond individual nations and envision global equity can there be consistent global harmony.
The richer nations have what they need for society to flourish, and are often most generous to their own citizenry. This makes it all the more difficult when circumstances change and the economy which supported the beneficence stumbles. Oil serves as a good example illustrating how even powerful countries can suffer when their access is limited or threatened.
Some nations have opted to increase government revenue with high individual taxation, assuaging the population with sweeping benefits in education and health. In some communities this has worked very well, but in others it has come close to causing an economic meltdown locally serious enough to threaten the global economy. The key again is maintaining steady growth.
With the welfare of the global population most affected by the continuous mechanisms of trade and commerce, the health of a country economy is nearly equal to the quality of life of the people. In developing and developed nations alike, an expanding economy with solid production translates into a generous government and a good society. When events lead to a decrease in production and there is an economic contraction, times become difficult.
Some believe that in these cases, the best answer is to tighten the proverbial belt and suffer through the lean times for the benefit of the future. Others argue that when times are tough nationally, the government must take the lead and invest in its own manufacturing sector to the benefit of all. In practice, a blending of approaches seems to have the greatest impact on success.
The answer lies in taking the social recommendations of political analysts. Instead of viewing world finance as we versus they, the world needs to become more generous and understanding. The global economy is irreversibly interconnected, and the only way anyone wins is if everyone does; instead of seeking the biggest piece of the pie, it is more important that everyone have some.
One of the greatest problems on a national level is determining what is the best way to use the resources of a nation for the betterment of its people. Some believe the best way is to allow the results of supply and demand to control resource allocation within the free market. Others believe the best way is to have rational control over assets to ensure equitable distribution.
Unfortunately, this approach heavily favors those who already have much and can afford more. Thus the much vaunted free market has a natural consumer reviews built into it providing the powerful the means to remain powerful. Only when nation or international groups can see beyond individual nations and envision global equity can there be consistent global harmony.
The richer nations have what they need for society to flourish, and are often most generous to their own citizenry. This makes it all the more difficult when circumstances change and the economy which supported the beneficence stumbles. Oil serves as a good example illustrating how even powerful countries can suffer when their access is limited or threatened.
Some nations have opted to increase government revenue with high individual taxation, assuaging the population with sweeping benefits in education and health. In some communities this has worked very well, but in others it has come close to causing an economic meltdown locally serious enough to threaten the global economy. The key again is maintaining steady growth.
With the welfare of the global population most affected by the continuous mechanisms of trade and commerce, the health of a country economy is nearly equal to the quality of life of the people. In developing and developed nations alike, an expanding economy with solid production translates into a generous government and a good society. When events lead to a decrease in production and there is an economic contraction, times become difficult.
Some believe that in these cases, the best answer is to tighten the proverbial belt and suffer through the lean times for the benefit of the future. Others argue that when times are tough nationally, the government must take the lead and invest in its own manufacturing sector to the benefit of all. In practice, a blending of approaches seems to have the greatest impact on success.
The answer lies in taking the social recommendations of political analysts. Instead of viewing world finance as we versus they, the world needs to become more generous and understanding. The global economy is irreversibly interconnected, and the only way anyone wins is if everyone does; instead of seeking the biggest piece of the pie, it is more important that everyone have some.
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