Post
Topic
Board Economics
Merits 1 from 1 user
Re: How can we make this world economically better?
by
Clara.Wilfred
on 08/05/2018, 09:43:02 UTC
⭐ Merited by amishmanish (1)
The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?

I think its important to provide equality of opportunity first and foremost. Even though your outlook does seem quite doom and gloom, on a whole living standards are increasing massively and have done for the last 200 years so I'm quite optimistic that we are heading in the right direction.

I think institutional charity is one of the biggest things holding back economically poor countries. I think its a tactic used to control these countries by the superpowers of the world. We are keeping them on life support instead of letting natural growth and innovation. This may seem contradictory because 'charity' has so many positive connotations but I don't think it is doing anything for these poor societies you are referring to.

Also the introduction of crypto will hopefully go along way to solving some of these issues by decentralising big corporations. The wealth will be much more evenly distributed which is all we can hope for. Financial inclusion is the name of the game for me, especially over the next century!