 |
|
|
|
|
|
|
|
 |
|
||||||
|
|||||||
you are here: > Self > 18.
EKELOS
| 18.7 | Economics- the science of "madness" | |
| Moving past the text book definition of economic theory, the reality of experiencing economic decisions is quite different. | ||
| The economic theory of global competition and trade improving living standards, flies squarely in the face of millions of Americans laid off work from global corporations who now see reduce trade restrictions as an easy way to get their goods manufactured in cheaper labour markets such as China and Korea. | ||
| To whole communities that have lost their prime means of employment and economic prosperity, such "economically rational" decisions seem both heartless and insane. | ||
| 18.7.2 | The cheaper economic decision to destroy food than distribute food | |
| Remember when we said that many millions of people are starving from lack of food? then why does the European Union continue to this day with farm practices that pay farmers not to produce, or for food that is never ultimately used? | ||
| Again on the surface, to the starving people around the world, such wastage seems complete madness until you hear that economists in the European Union and European countries rationalize the process as a way of protecting vital national industries and "saving" money by avoiding having more people on welfare. | ||
|
Copyright © 2010 UCADIA. All rights reserved. |
||