78 online
Most Popular Choices
Share on Facebook 34 Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 8/21/16

Why an intelligent economic plan is needed to jump-start the economy toward prosperity and economic security?

By       (Page 1 of 1 pages)   1 comment
Message Farid Khavari

Why an intelligent economic plan is needed to jump-start the economy toward prosperity and economic security?

By Farid Khavari

With a coherent and comprehensive economic plan, a government in any country in the world, in cooperation with the private sector, can create a new robust economy simply by deciding to do so.

Millions of idle workers can be employed and mobilized to build or rebuild cities, infrastructure, agriculture, manufacturing, and countless other wealth-producing activities.

The money earned by these workers would enable them to buy the goods and services they need, consequently creating millions of additional jobs.

But, the problem is that no government and no other candidate have a coherent and comprehensive economic plan.

Healthy economies are driven by demand. The reason economic "stimulus" programs in western economies always fail is that they attempt to solve demand-side problems with supply-side solutions. This always fails to achieve any meaningful improvement and only increases deficits and debt. Building a modern factory to produce a great product is useless if people don't have any money to buy the product. You can't even sell water in a desert if people don't have money to spend.

Ironically, the poorest economies with the highest unemployment have the greatest amount of the most important resource in any economy: demand. Demand for housing, water and sanitation, food, clothing, energy, health care, transportation and everything else is inherent in any population that lacks these things. This demand represents a great opportunity for massive job creation and massive wealth creation for families and the national economy as well, which can be accomplished at a net cost of zero.

When one good wealth-creating job is created, the worker has money to spend. This creates more jobs automatically. Those workers spend money, and more jobs are created. An intelligent economic plan serves as a catalyst to start an economic chain reaction to bring prosperity and economic security to all of the people. The only practical limit to the wealth that is created is how many people are put to work creating wealth.

Must Read 1   Valuable 1  
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     OpEd News 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 corruption in Miami-Dade County must be rooted out?

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

What is the best kind of government for Iran? Zerocracy

To View Comments or Join the Conversation:

Tell A Friend