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OpEdNews Op Eds    H4'ed 4/9/19

Evolution and a market economy

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Message Kamala Budhathoki Sarup
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I want to stress in this article how increasing development will increase the production rate. How it will increase the commodities produced and delivered. In a market economy, competition among businesses will push down the cost of goods and services and consequently make more of goods and services affordable.

Even I am focusing here why it is important to apply to development programs like schools, and, agriculture, etc., is also important. The trend of investing in such development plan needs to be strong. It will contribute greatly in improving the quality of life. Even in particular, countries with too many mountains like Nepal with an unfavorable geography, or the economy is seriously handicapped. Although in that respect can be hope to become richer because of the inevitable trade of cheaper goods and services.


I always believe that leadership role in identifying the long-term and short-term projects uniting people and enhancing the economy. Development program requires cooperation with the local body.


Even if that geography, and leadership are against amending the economic conditions, local body can alter the situation. Our investment should be in technical training, like programming, which is labor-intensive. However, investment must improve the technical competence. I want to emphasize that the economics of the system depend not on any one side, but on all sides. Wanting it and compromising to reach it.

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Fixing the economy is not inevitable because of countervailing events: economic depressions, depletion, product replacement and more. Linking development and securing economy, including accounting and financial, economic programs among people operating good reconstruction. All reconstruction must affect the economic evolution plan. Greater efficiencies, and development of industries usually result in higher standards of living. By reducing the costs of production and the prices of delivering goods and services is a good policy. But in that respect are always some waste or defects.

Development and reconstruction must focus on with sufficient competition.

Economic depressions, fewer available resources, have caused declines in growth. If we see in the U.S. before the remainder of World War II (1945), the northeast and midwest regions, then known as the "industrial heartland", but now experienced as the "rust belt", had higher average incomes than other U.S. regions; today they do not. Horses and blacksmiths were replaced by tractors and machinery where producers and consumers benefited from the changes.

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I just want to say it again.
Increasing development will increase the yield rate; that is, it will increase the number of goods or services produced and delivered per time unit. In a marketplace economy, competition among businesses will drive down the cost of commodities and services and consequently make more of the goods and services affordable.

 

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Kamala Budhathoki Sarup 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

Journalist, poet and editor Kamala Budhathoki Sarup specializes in reporting news and writing stories covering Freedom, Peace, Public health, Democracy, Women/Children, development, justice and advocacy from her location inside the United (more...)
 

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5 people are discussing this page, with 7 comments  Post Comment


Eric Arnow

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In a non profit economy, dedicated to creating real value, the prices will not be distorted by the profit motive. And cutthroat competition, which all too often results in cuts in quality will not exist. That is what motivates most sane countries to have government funded and managed healthcare. And why Russia makes better weapons far cheaper than the US does. Market economies also encourage dishonesty. As a business person. I know all this first hand. "Market Economy"=Dog Eat Dog World.

Submitted on Tuesday, Apr 9, 2019 at 8:18:37 PM

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BFalcon

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Reply to Eric Arnow:   New Content

What is a non profit economy?

Submitted on Wednesday, Apr 17, 2019 at 2:45:35 AM

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Chuck Nafziger

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I could never understand economics because all theories I have heard violate the laws of nature. This growing, growing, growing thing can be described mathematically by an exponential function demanding ever more resources and energy. When humans were a few ticks on an elephant, that worked, but now the ticks are covering the elephant and it cannot breathe. Who can still deny that crazy consumer economics is killing us (while making us richer)?

Submitted on Wednesday, Apr 10, 2019 at 6:09:57 PM

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Pat Gallagher

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To instigate growth for the purpose making stuff cheaper might be a very messy path. In the US and Europe growth of anything, everything is bogging down. Maybe due to simple market saturation. In a finite biosphere it is counter intuitive to seek unlimited growth especially of things that foul that limited space.

Things like localism can form the basis of a working economy, but not growth for cheaper prices.

Submitted on Wednesday, Apr 10, 2019 at 7:26:51 PM

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Derryl Hermanutz

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"In a market economy, competition among businesses will push down the cost of goods and services and consequently make more of goods and services affordable."

"Affordable" is meaningless, unless people have money to pay the "everyday low prices".

Businesses pay their cost-money to their workers and suppliers; which becomes workers and suppliers spendable earned incomes.

People spending their incomes buying stuff from businesses becomes businesses' sales revenues, service fees, rents, etc.

If all the money remains in circulation, then costs = incomes = sales revenues.

Reducing business costs = reducing workers' and suppliers' spendable earned incomes.

Reducing spending = reducing business sales revenues.

Reducing sales revenues = reducing the money businesses can payout as their costs, which reduces earned incomes, which further reduces spending, in a downward spiral into Depression.

A buy-sell for money economy does not work like the "barter economy" that is modeled and taught in mainstream economics.

In a barter economy the goods themselves function as the exchange media - the "money". By producing more stuff, producers produce more exchange media, more 'money'.

In a barter economy, "costs" are measured in inputs of workers' time and suppliers' resources; not in money.

More efficient use of time and resources enables more production, which means more exchange media to trade for other exchange media. The Supply of stuff that is produced by one producer, is "distributed" by trading it for the Supply of stuff that is produced by a different producer.

There are no "consumers" buying stuff in a barter economy.

There are only producers trading their surplus supplies of stuff with each other in the village marketplace.

But none of that works in a buy-sell for money economy where buyers' money-spending is the entire Demand side of every Demand-Supply, buy-sell, spend-earn transaction.

Where do buyers get their buy-money? They earn it by working for producers. Where do producers get their cost-money? They earn it by selling stuff to consumers.

Where does "the money" come from in the first place?

Don't ask a mainstream economist, because they have no clue about how a money economy works; or who creates the money.

Commercial banks create the money by lending it into existence; which systematically creates unpayable debts; which causes financial crises of creditors' uncollectable money owed as debtors' unpayable debts: like 1929, and 2008.

Almost all economic recessions/Depressions are caused by financial problems in the commercial banks' debt-based "repayable bank loan and bond purchase" money supply creation monopoly.

During Depressions the businesses and their workers and suppliers are still "there" ready to go to work producing everything that everybody needs and wants.

But the people who need to buy the stuff have no money to pay the people who need to earn money by producing and selling the stuff.

So the spending-driven productive economy just sits there doing nothing, for want of the money-spending that puts the productive economy to work producing stuff "for sale" to earn the buyers' money-spending.

Trying to accomplish economic reform without monetary system reform - breaking the banks' monopoly of debt-based money supply issuance - is an exercise in futility.

Submitted on Wednesday, Apr 10, 2019 at 11:13:05 PM

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Pat Gallagher

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Reply to Derryl Hermanutz:   New Content

Vigorous de-centralization of everything is a good first step in breaking the money monopoly. We have the machines and technology to fulfill most needs locally. Decentralization in the electricity market brought to us by cheap PV panels is breaking the electrical grid monopoly as we speak. It can be done. Local barter should be Chapter One.

Submitted on Thursday, Apr 11, 2019 at 4:25:00 AM

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Reply to Pat Gallagher:   New Content

As the economy deteriorates for the 99%, barter is raising its lovely head. It is inspiring to watch people learn how to do it.

Submitted on Saturday, Apr 13, 2019 at 4:19:23 AM

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