Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment
Exclusive to OpEdNews:
OpEdNews Op Eds

The Crises of Costs and Social Costs

By       Message Farid Khavari     Permalink
      (Page 1 of 5 pages)
Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 2   Inspiring 2   Valuable 2  
View Ratings | Rate It Headlined to H3 7/6/12

- Advertisement -


By Farid A. Khavari


Regardless of which economic concepts are employed to run an economy, (Marxism, Keynesianism, Monetarism or any other concepts) they all have one thing in common--eventually, the cost will exceed income/revenue, leading to an overall economic decline

and to poverty; if continued, it will lead to an economic collapse!

The biggest shortcoming associated with these economic systems is the permanently rising cost. The rising cost is an integral part of these economic systems and is reflected in every service and product. Even with periodical downward trends, rising costs continue.

Even if income/revenue initially rose faster than cost, income would eventually be surpassed by the continuous upward trend of cost, which naturally experiences an acceleration process.

This process of continuous rising cost affects every group in an economy:   governments, businesses and the private households, and results in creating deficits.

- Advertisement -

For each of these groups the outcome at first is belt-tightening and downsizing ( austerity), but eventually leads to deficits, bankruptcies, foreclosure, unemployment, shrinking inventories, and rising social costs that impact the economy in every negative way possible. This leads to stagflation, recession, and finally depression until the economy collapses in its entirety if prudent countermeasures are not implemented.

Since we cannot combat the costs caused by the conventional economic concepts, we need to introduce and implement a new economic concept that yields just the opposite results by reversing and decelerating the process of cost! In other words, the new economic concept should achieve these three goals:

-         Freeze the cost

-         Reduce the cost, and

-         Eliminate the cost, wherever it is possible.

- Advertisement -

This economic concept is called: The Concept of a Zero Cost Economy, or Carefreeism.


Once the economy finds itself in a tailspin as a result of the conditions described above the last and the most fatal step would be to implement imprudent measures such as those mentioned below that would create a renewed cycle of rising cost and/or would accelerate the increase of cost even more. These devastating measures are not only implemented by inept and incompetent governments, but also by the greedy banks and businesses:

Next Page  1  |  2  |  3  |  4  |  5


- Advertisement -

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

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...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting
/* The Petition Site */
The views expressed in this article 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
- Advertisement -

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?

"ISIS" is not the only problem in the Middle East