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A Way Out

June 26, 2011

Starting here I have talked some about the state of the US economy in the summer of 2011.  One of the conclusions is that we are trapped in a self-reinforcing system designed to benefit speculators at the expense of a stable economy.  Another conclusion is that another crisis is not far off or, in any case, the current depression will not be ending any time soon.  It is quite likely that these greater economic pressures on society will force some type of drastic change.

The problem is that our society can change in many different ways.  I cannot tell what the changes will be and some of them are quite frightening.  It does provide an opportunity for positive progress to be made.  One must be careful in wanting too much change though; things only change a little bit at a time.  A problem is that changes in governments fallow changes elsewhere in society.  Changes are already happening out of the scope of news coverage that will dictate how society will change in response to the coming crisis.

As demonstrated, the economy for at-least 40 years has been focused on growing the economy for the benefit of the wealthy.  There has been some benefit for others as well but far less and that benefit is offset by increased demands placed on the working class.  This is overall bad for the economy as it is the working class that both operate and drive the economy forward.  If things remain as they are, economic growth for all will continue to slow.

There needs to be an economy that seeks to rebalance society in order to generate contentment amongst all.  There needs to be an economy that works for those who make the economy work.  Throughout modern history, when the working class didn’t advocate for itself, the benefits of the economy became fewer and fewer to them but when they did advocate for themselves (through government, unions, or other) the economy adjusted to benefit them.

If positive progress is going to be made in the economy, the working class needs to advocate for the whole working class.  Sings of this are seen when people work to the benefit of their community, when people are willing to work for the benefit of those less fortunate then they, when people are willing to advocate for what’s right even with no personal stake in the matter, and other such activities.  If these activities are prevalent today, the change in the near future will be for the better and the more one can do in advancing these activities the better that change will be.

Conversely, if people do the opposite and ignore problems in their communities as far as they’re not affected, work tirelessly for their own benefit without the thought of others not related or friends, only take a position on matters directly affecting themselves, and other such activities the change will be for the worse.  If these are the activities that are prevalent today, these ethics will be reinforced when the economic structures change and economic progress will reverse for most people.

The future lies in the strength of the community at all levels.  Strong communities make for strong economies while weak communities make for weak economies.  Strong communities can only form where there is a notion of shared responsibility for all in the community, but when responsibility mean looking out for one and one’s own, then weak communities are the result.  In any event, I do what little I can to see positive outcomes and the stakes are high enough that I have no choice but to continue no matter what the near future will hold.

From → Economics

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