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Malaysia Must Rethink Economic Future Amid US Trade Tensions
As US trade tensions intensify, Malaysia must seize the moment to redefine its economic path, says economist Dr Mohamad Idham Md Razak of Universiti Teknologi Mara. He warns that without immediate support, vital sectors like electronics and palm oil could suffer, along with SMEs and low-income workers. Malaysia Must Rethink Economic Future Amid US Trade Tensions Short-term solutions should…
Unsustainable Burden: The Growing Weight of U.S. National Debt
Wh4t’$ 0n My M1nd T0d4y? Unsustainable Burden U.S. national debt and Imagine waking up one day and realizing you owe over $100,000—without taking out a loan, buying a home, or even swiping your credit card. That’s essentially where we stand as Americans today. With the U.S. national debt now topping $36 trillion, every single one of us carries a share of that burden, and it’s growing fast. This…
In the past two hundred years, technology has transformed the human environment more than in the thousand years before.
The problem that we face is not the threat of unemployment. The real problem is that social resistance against the loss of certain jobs may emerge and an anti-capitalist mindset may prevail and hamper economic progress.
But in a free society, robotization is not a threat but a boon. A better future does not only require the continuation of robotization, there must also be a parallel move to free capitalism.
The great benefit that the new technological tools potentially offer is not only to deliver us from toil and unpleasant labor, but also from politics. By greatly reducing the cost of basic goods and services, the new technologies can make the political apparatus obsolete and allow the privatization of the functions of government, of the public administration, and of the judicial system. In a world with highly automated production, and without a state in the conventional sense, the cost of living would be only a fraction of that of today and obligatory contributions would take only a negligible part of income.
In a free economy, productivity would rise so high that the purchasing power of the salaries would do away with the anxieties about job security and paying the bills for basic needs.1 This vision of an anarcho-capitalist order with a highly productive economy and a stateless society stands in stark contrast to the contemporary social-democratic, "liberal" system of governance which marches on to more government spending, more public debt, and more regulation, lower productivity, and less purchasing power.
The inner workings of the present social-democratic system lead to higher taxes and more contributions. Public debt continues to rise. The endpoint of the existing system of party democracy, social welfare, and state capitalism is not stability, wealth, and liberty but state bankruptcy, misery, and suppression.
The dominant policy agenda in most modern democracies asserts that government could prevent and cure unemployment, economic crises, recessions, depressions, inflation, deflation, and inequality and that the state could provide education, healthcare, and social security for all. The promises of rising incomes and employment dominate the political campaigns.
The traditional policies have not worked, and they will even less so function in the new millennium. The answer to the challenge is not more of the old.
In order to avoid a new totalitarianism, the answer is more free capitalism and fewer politics. Such a libertarian order would do away with party politics through a system called "demarchy" or "sortition," which has the legislative body selected by lottery. A political system free of party politics together with a market-based monetary order and the private provision of law and security would minimize and finally abolish the state as a monopolistic organization of dominance.
Delaware County, Pennsylvania, is playing politics with pipeline infrastructure critical to the economic future of the region and the Commowealth as a whole
5 Steps BEFORE You Retire
5 Steps BEFORE You Retire
By Ken Jorgustin – Modern Survival Blog
Are you thinking about your future, your retirement? Are you wishing that you could retire sooner rather than later? Are you wondering how it will even be possible to retire?
Well here are five steps to consider before you retire – five things that will help get you there sooner…
1. Get Out Of Debt BEFORE you retire 2.Downsize your expenses BEFORE you retire
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The United States as 100 people Thanks, Barry Ritholtz
South Africa improves infrastructure for economic future
In South Africa, improving the country’s infrastructure is a vital part of its economic future. That goes for much of the rest of Africa as well. But complex regional relationships are an important part of making that happen. Angelo Coppola explains.
Rising costs in some countries have large manufacturers looking at outsource options. One Chinese firm believes South Africa is the key to expanding…
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