Gamesmith94134: Reason and the End of Poverty United Nations General Assembly Open Working Group on Sustainable Development Goals has endorsed the Bank’s anti-poverty target, debate about how to achieve it has revived an old question: Will the benefits of economic growth trickle down on their own, reaching all, or will we need targeted redistributive policies? First of all, I would call the economic growth trickle-down theory is a myth that the data proved that the inequality have reached its epidemic that even in the developed nations. In fact, many found the wages on labor went down through the economic restrain and unemployment; in some cases, the basis of living expanded and savings is shrinking, especially in the low interest rate and low development. Therefore, I hope United Nations should not be fooled by the present system or development; and compromised on the political pressure that we do need a better welfare state application to solve the problem. It is because eradicate poverty is not applicable through the political system. In order to qualify, you must prove yourself poorer is not a well logic in most of the programs in the global forum. Perhaps, we would take India for the recent mishaps in promoting the program, more subsidies for the food and more expensive it will be, because rupees will be much cheaper “relatively” to any other currencies. This was a tragedy for India or Brazil which was fallen off the emerging market Nations, the BRICS crumbles. It was the struggle of power and powerless that the trickledown did not ring and was beyond the free market system as many suggested; because it was the proclivity of the wealthy one who would shift to the powerful one to sustain the level of comfort by undermine the market system to compensate their loss on the control of value. Perhaps, I would take the case in India in achieving the sustainable balance; it must return to its market system that is compatible to its cost of living. In a word, affordability that is free of governmental control and subsidies. Price control in the present mode as in buy food cheaper only cut production if the price is below its cost; it is why there is a secondary cause on inflation after imported more. Many of Indian would question if its government was promoting its plantation scheme on its farmers that turned them into slaves. It was what I heard in the seed exchange program with tremendous rules and regulations that strangled the small framer and workers with its unreal pricing and high cost to keep their production valid. If only government and rubber baron can set price on what they collect, why should Indian produce if their product is not marketable? Perhaps, there is another problem on the monetary system that inundated with foreign funds and subsidies made crisis more inevitable in turn of the rising cost to produce and less jobs is available. In the past, the micro-financing ended with a bang because it is cost more than credit cards and create shadow banking that so severe that shadow banker may dress in military or policeman kicking down your door at night to collect debt or your land. These are just information I got from hearsay from my charity workers; but If they are true only in the rural area, India should be awoke to enforce what law should applied and how the shadow banking could endanger the lives of India. Am I accusing monopoly in banking or institutionalization make the worst case in the financing system India allows? I hope not. Perhaps, I would recommend the co-op system in the thorough sense that UN and India would promote the real market system that the small farmer or middle class can survive by enforcing law and regulations that establishes access for them. Subsidies are tools of the powerful ones that price are not how it would balance the book in the procedures of accountings; but it is how they can create the access to the marketable and allow them to function in its value system that affordability can sustain both growth and prosperity. Therefore, UN and India must open its market system in trade and initiated the legal system to enforce what value can assist whom they failed. Rupees can be earned and it is not how value is restored through its audits in the capital goods or real estate. Advancement in trade is not a valid value system since only Indian can initiate its value through its own marketable events like affordability and sustainability. I am sorry if I would offend India for my single point of view, I would apologize, but these conditions are subjected to review, and I hope Mr. Rajan and Mr. Singh would rethink how subsidies and monetary policy are making the cracks in the value system that inflation will rise unstoppable till everything comes to a halt like recession. Seriously, I think recession would erupt through the present global financial system; and there is no escape to it. However, it is the nature of things that what goes up must come down. It is time to contemplate on what can we do to restore what a marketable system can reestablish it own sense of value that is affordable and sustainable. This is the cycle of life; even for economical growth. Systems revive themselves even regimes and revolutions, but one will never die------humanity and population. May the Buddha bless you?
Posted on: Tue, 15 Oct 2013 01:18:00 +0000
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