“Economic Models And The Apologetics Of Greed”

Dr. Michael LaitmanOpinion (John Kozy, PhD, professor): “Offshoring production to underdeveloped nations gives needy people jobs, increases their incomes, reduces poverty, and expands their nations’ GNPs. It also enables people in developed nations to purchase products produced offshore at lower prices enabling them to consume a wider range of things…

“Yes, the wages were better than those that could have been earned before, but they weren’t much benefit. Why? Because when the paychecks began to arrive, the local landlords and vendors increased prices on everything, so just as before, all of their incomes went to pay for basic necessities. The landlords and vendors got the money; the workers were not better off… But, of course, the country’s GNP was better, which is all that matters to economists who still claim that economy is improving…

“Two conclusions follow from this scenario: employment alone is not a sufficient condition for prosperity; full employment can exist in an enslaved society alongside abject poverty, and an increasing GNP does not mean that an economy is getting better… Those numbers mean nothing.

“Economists build models by what they call ‘abstraction.’ But it’s really subtraction. They look at a real world situation and subtract from it the characteristics they deem unessential. The result is a bare bones description consisting of what economists deem economically essential. Everything that is discarded (not taken into consideration in the model) is called an ‘externality’… Since externalities are excluded from all economic models and can be expected to change after any model is implemented, all economic models necessarily fail.”

My Comment: We are in the process of exposing this system and due to our realization of the laws of nature and the law of business opposite to it, we will understand the system in which we want to live. Such a system can be only one: a society with equitable distribution of reasonably limited goods and services.

Fulfillment is achieved by integrating and understanding the meaning of life and raising the whole society to the next level: an integral society in which everyone feels the next level of existence in total unity.

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One Comment

  1. yes,the company are doing well but the hole is doing bad,,,,the monetary system is going to face a very hard time until the monetary system is going to vanish without a trace one day,,there is no magic you know,cause and consequence in every level…at the end we are going to see with our own ayes and not with the ayes of foreigner…profit is our problem i economy egoism i the human level and our society…love peace and light…

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