| | what will the future hold?
will free markets, private enterprise, and global market integration increase prosperity and improve human welfare?
will the world press on with unattended social and environmental problems, such as the growing gap between rich and poor (which we would foresee social instability, rising conflict, and widespread degradation)? or will the future be one that assumes compassion and human ingenuity to extend opportunity and access to all humanity?
the free-market world:
- drop tariffs, privative, deregulate, idolize competitive market forces. promote exports, seek foreign investments, encourage savings and entrepreneurship, emphasize education and health to build up human capital. globalization. heck, tear down corporations, otherwise, it'll be 6 billion folks competing for scraps and the smaller group of others living as citizens under boundary-transcending multinational conglomerates.... more modernized global regulation would probably have to be implemented to contain corruption. there are already the international accounting standards (IAS) in the works for accounting purposes (which really just encourages a tiny bit of transparency and a larger bit of standardized methods in valuing assets, liabilities, expense, and income). the upshot is: will the ideals of human ingenuity and enterpsrise manage to pervade the world and iron out the social/environmental wrinkles and towards progress, or will greed have its way for some, and everyone else will just has to play under un-equalized grounds? Will the free market world find a way to redistribute and equalize or will this world, posed as free market, really become a fortress world (hoarded resources for elite groups only) divided by a well-defined economic strait? the poor, bereft of all prosperity, will only let out a cry for help or find ways to export their misery through crime or violence.
ummm...
ok, back to work...
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| | Posted 7/9/2009 10:59 AM - 6 Views - 0 eProps - 0 comments
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