Economic crisis , heading towards poverty?
July 19, 2007 8:10pm CST
Modern economic systems may end up generating great poverty: the following points may help: 1. repetitive, manual, easy flow, clear inputmanipulationoutput type labor is slowly disappearing, or is getting autimated or is being done increasingly in poor countries at least until they remain relatively poor compared to the so called rich the west. what happens when all countries start reaching survival levels of income which today is between 100 to 1200 dollars a month? note that many countries are starting to come close to this income, brazil, Russia are not too far example. 2. Most labor in modern economies deal with manipulating information which is vague by its very nature, but especially manipulating some kind of aestetics, entertainment, manipulating and dealing with other people, thier minds, like call centers or slaes, trying to sell things to people. 3. the real economy is ultimately based on some really solid fundamentals like water, energy, food homes, minimum health care, ans some basic services like police. The rest is a bunch of fluff, inventions, quirks, finance things we do without and really never notice. But the future of work is all in the absurd fluff. 4. what will happen is that the real fundamentals will cost more and more the fluff will be payed less and less, since it is mostly useless. Hence maybe that is the reason why health care cost so much? maybe that is the reason homes have prices so much and so with energy. the will generate widespread poverty, wildly divided class structures the end of any real wealth. How many people can produce fluff? excluding maybe some areas like doctors or dentist some science-technology guys, the greater bulk of many offices produce huge amounts of useless meeting and fluff.
25 Jul 07
I agrree with you .With th development economy,the gap between the rich and poor is smaller and smaller.This is th eresult of globle economy.Many poor countres can make use of the skill and investment of the developed countres which can help them to accelorate the speed of thier economy.
22 Jul 07
I agree with your post, especially with the automation part. However I think that even automation is not bad in itself. What I think the problem is the ACCUMULATION of wealth. And again, I don't think that wealth in itself is bad (myself have very limited money). What I think the problem is that those (companies and individuals) that have wealth do not really share. By sharing I not only mean giving to the poor but also investing in the poorer regions of the world, so that more and more people would have jobs and thus could support their families and also themselves. Just the fact that those countries that give most, give around 1% of their total GDP annually. I think that if people and companies kept only the tithe (tenth of all your first earnings each year) which was adviced by God, there would be much less poverty in today's world.