Economics

[AndyHB]

Over the last few years, it has been fashionable for left-winger commentators in Britain to blame Margaret Thatcher for the ailing economic situation we find ourselves in, whilst it has been the fault of profligate Labour Chancellors like Healey and Brown asfar as the more right-wing commentators are concerned.

I am not a economist, so would not claim to understand Keynesian, Reaganomic or even 'Marxist' theories in depth.  However, what I do know of these varied theories suggests that, whilst very different on the surface, they are still based on a similar premise - that of ensuring the best for a specific element of the world's population, be that the bankers, the 'governing' or the 'governed'.  Since long before the Industrial Revolution, let alone Keynes or Marx, the West's economy has been dependent on how much it can plunder from other, material-rich but development-poor parts of the world - be that minerals from Africa, oil from the Middle East or the cotton industry from India.  Everything is predicated on the ability to improve the lifestyle/living standard of one's own people regardless of the impact that might have on others in the world.

The result has been the ever-increasing divide, not so much between the rich and the poor within a particular nation or region (though that is undoubtedly there), but across nations and regions - leading to the division of the world into developed and developing (or, in one or two cases such as Zimbabwe, undeveloping).  Unfortunately for the West, several of the previously plundered economies have take over the mantle of high growth - think, for instance of China and India - leaving the West to struggle as they get their own back and start to plunder our economies.

Until we, in the West, realise that our economies are based on an effectively bankrupt approach (whether that is Keynesian or Marxist bankruptcy), blaming one or other political party or party leader for our problems will be pointless.

Yes, it will take time to realign our thinking - and a huge effort of political and social will; are we really willing to make the change or are we so set in our ways that it will prove impossible?  Can we ever reach a stage that mirrors the situation recorded in Acts 2

All ... had everything in common.  Selling their possessions and goods, they gave to anyone as they had need.

[ecuworrier]

Over the last few years, it has been fashionable for left-winger commentators in Britain to blame Margaret Thatcher for the ailing economic situation we find ourselves in, whilst it has been the fault of profligate Labour Chancellors like Healey and Brown asfar as the more right-wing commentators are concerned.

I am not a economist, so would not claim to understand Keynesian, Reaganomic or even 'Marxist' theories in depth.  However, what I do know of these varied theories suggests that, whilst very different on the surface, they are still based on a similar premise - that of ensuring the best for a specific element of the world's population, be that the bankers, the 'governing' or the 'governed'.  Since long before the Industrial Revolution, let alone Keynes or Marx, the West's economy has been dependent on how much it can plunder from other, material-rich but development-poor parts of the world - be that minerals from Africa, oil from the Middle East or the cotton industry from India.  Everything is predicated on the ability to improve the lifestyle/living standard of one's own people regardless of the impact that might have on others in the world.

The result has been the ever-increasing divide, not so much between the rich and the poor within a particular nation or region (though that is undoubtedly there), but across nations and regions - leading to the division of the world into developed and developing (or, in one or two cases such as Zimbabwe, undeveloping).  Unfortunately for the West, several of the previously plundered economies have take over the mantle of high growth - think, for instance of China and India - leaving the West to struggle as they get their own back and start to plunder our economies.

Until we, in the West, realise that our economies are based on an effectively bankrupt approach (whether that is Keynesian or Marxist bankruptcy), blaming one or other political party or party leader for our problems will be pointless.


up to this point i am a little confused by your agenda  nice to hear you blame everyone instead of just a few for a change

Yes, it will take time to realign our thinking - and a huge effort of political and social will; are we really willing to make the change or are we so set in our ways that it will prove impossible?  Can we ever reach a stage that mirrors the situation recorded in Acts 2

the language you are using is very much the language of the pamphlet .....i kind of feel that this is a bit of 'party political propaganda is this stuff copied or borrowed from elsewhere if so it would be better to state sources....

All ... had everything in common.  Selling their possessions and goods, they gave to anyone as they had need.

and so far i feel marketed at and worse still by an unnamed unknown sourced person... the word 'scientology' comes to mind

 ....about politics so AndyHB now for argument's sake in the best traditions of our democratic thought structured system what is this thing you are offering and how would selling possessions set us free from economic systems ? how would it help the world in it's economic systems?  and why should we do something that the writer is not doing?

GOD BLESS!

Peace and Love,