Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 5 Share on Twitter Printer Friendly Page More Sharing
Exclusive to OpEdNews:
OpEdNews Op Eds    H3'ed 7/6/12

The Crises of Costs and Social Costs

By       (Page 4 of 8 pages) Become a premium member to see this article and all articles as one long page. (View How Many People Read This)   1 comment
Author 72056
Message Farid Khavari



By reversing all those steps mentioned above or by doing just the opposite would help to some extent in resolving our economic problems. However, the core of the problems, the continuous rise of cost, would still exist and would come back to haunt us every time imprudent measures were repeated.


Their impact would be growing larger with fewer choices to combat them as time passes and only result in postponing the problems temporarily without an effective resolve--a new cycle of downward spiral income/revenue and rising cost would start all over again.


Therefore, we must realize that if the core of the problem is the rising cost, which would eventually exceed the income/revenue, we must take a refuge to inept and imprudent measures such as outsourcing jobs to maximize short-term profits, or exercising cut throat methods of generating more income/revenue, or else we would just be compounding the problems even more.


We must seriously implement a process that would reverse the adverse relationship between cost and income. In other words, we should follow economic and technological policies that would decelerate the process of costs, and there are many areas that this process could be started and implemented successfully.




The first most important thing would be to realize that the rising income/revenue could not be used as a counter measure to rising cost on a permanent basis because it is simply unsustainable in the long-run. Just think about these facts:


-         Income cannot rise permanently, but cost does.

-         Even though revenues could be raised by imposing taxes, fees, penalties and the likes, there is a limit to them. Revenues derived from these sources would eventually dry out, which would lead to further escalation of cost and would send the economy on a faster tailspin to collapse.

Next Page  1  |  2  |  3  |  4  |  5  |  6  |  7  |  8


Must Read 2   Inspiring 2   Valuable 2  
Rate It | View Ratings

Farid Khavari Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Farid A. Khavari, Ph.D., is a noted economist and independent candidate for Florida governor in 2014. He is the author of 10 books including Environomics: the Economics of Environmentally Safe Prosperity (1993) and Toward a Zero Cost Economy (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Seniors on Medicare overpay $1,000 per year for drugs thanks to corruption in Congress

Don't buy the big lie about the legalization of the medical marijuana in Florida!

A $10.10 or higher minimum wage will boost Florida’s economy, create more jobs and reduce government social costs.

Why war is no option against the Shia-Mullah regime of Iran?

Why corruption in Miami-Dade County must be rooted out?

What is the best kind of government for Iran? Zerocracy

To View Comments or Join the Conversation: