Power of Story Send a Tweet        
- Advertisement -
Exclusive to OpEdNews:
OpEdNews Op Eds

The Crises of Costs and Social Costs

By       Message Farid Khavari       (Page 1 of 8 pages)     Permalink

Related Topic(s): ; ; ; ; ; ; ; ; , Add Tags  Add to My Group(s)

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

opednews.com

Author 72056
- Advertisement -

THE CRISES OF COSTS AND SOCIAL COSTS

 

By Farid A. Khavari

 

- Advertisement -

IT'S TIME TO IMPLEMENT THE CONCEPT OF A ZERO-COST ECONOMY?

 

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

- Advertisement -

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.

 

- Advertisement -

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

 

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.

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

 

- Advertisement -

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

opednews.com

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 Share Author on Social Media   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
- 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