Saturday, March 15, 2008

economics

economics is the theory of market dynamics involved in buying and selling goods and services. It presupposes that the goods are already in the market it does not call into question what resources were used and how these resources were employed in bringing the goods and services to the market.

Who produced it and how it was produced is not of concern to economics.
Economics is about the market dynamics involved between willing buyers and willing sellers.

If the goods and services are in the market then there is an economics to it, if absent from the market, then that goods or service does not exist which is absurd but economic has severe limitations which are not often stated.

Which get us to a moot point that economics is about 'profit' or rather the economic incentive to trade. in the absence of this economic incentive there is no economics involved. The economic trade arises by the fact that the goods or services are in a market of willing buyers and sellers, which means someone is making money and so the goods are in the market and ergo it is about the 'profit'.

Which is what capitalism is all about.
Capitalism is about free trade about free supply and free demand not calling into question how a supply has been made or where it has come from.

Capitalism is based on such economic theory which does not value how the goods were made or where they were made from. Which implies that capitalism has a tacit criteria of non-responsibility.

For capitalism to work, the country has to be a democratic institution.
Or rather capitalist countries are those that have democratic political institutions.

A derivative of the non-responsible economic theory that has brewed capitalism has provided for a democratic freedom of right which we enjoy today.

Could I say then, that such freedom has a tendency to be non-responsible in many ways as our non-responsible capitalistic society which is based on a non-responsible economic theory.

Maybe there is a cost and value on things beyond our general perception from the way we act towards others to the way we do business with others and a sum value has not yet been put to it. Maybe such a sum value cannot be calculated, I mean how do we calculate the value of the air we breathe(as on date it is free), and how can we penalize when industries pollute the very air we breathe (we don't as on date).
I mean for sure, economics ignore such value and does not or rather cannot consider such a value on account of its limitations.
Maybe if we can figure out the individual drivers that make up this sum value for us humans to live we can very clearly state the right and wrong in our manner of living (moral as well as professional).

I think this would involves not just of professional trade but also of human inter-relations, subjects of homosexuals, fornications, abortions and in the purview of business of manufacturing, trading, constructions, power generations, etc.

As everything has a cost as long as we live in this world, if not a cost to us a cost to the next generation or to the immediate populace itself. We don't wash our clothes and drink water of the same bucket. Which implies that there are somethings we can do and some we cannot or rather shouldn't though we have the potential to do so, as it bears a cost to someone if not us.

Which means the rules of life are in black and white, though we choose to ignore it or are unaware of these rules. If not us, society bears that cost.

Or we can say, in the end it does not matter, we are all dead which surprisingly is the way we have chosen.

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