Entries in the 'Economy' Category

A Little Provocation

Dr. Michael LaitmanOpinion: (Matteo Cazzulani, journalist): “London is often accused of connivance of the U.S., of the alleged conspiracy against the implementation of the United States of Europe. These theories are fashionable among anti-American minded people and various movements against globalization.

“What if the solution to the problem is not a closer union of the EU, but the strengthening of trans-Atlantic relations, given that the economic crisis in Europe is shared by the United States?

“Maybe in the economic jungle of the globalized world, ruled by developing Asian tigers, Brazilian cougars, and Russian bears, in short, by the so-called BRICS, it makes sense for Western countries to unite in a common movement in the interests and values ​​that underpin our civilization, such as free market and initiative, competition, democracy, human rights, separation of powers, social justice, protection of property, and private initiative?”

My Comment: No decision will survive and become successful if it is against somebody, rather than for somebody. Connection is always commendable, but it must be open for everybody to truly ensure complete unification. Only then will it lead us out of the crisis, from the path of suffering towards complete unity through conscious universal integration.
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Japan’s Finances Are Getting Worse And Worse

Dr. Michael LaitmanIn the News (from Bloomberg): “‘Japan’s finances are getting worse and worse every day, every second,’ Takahira Ogawa, director of sovereign ratings at Standard & Poor’s in Singapore, said in an interview. Asked if that means he’s closer to cutting Japan, he said it ‘may be right in saying that we’re closer to a downgrade. But the deterioration has been gradual so far, and it’s not like we’re going to move today.’

“S&P has had Japan on a negative outlook since April. Ogawa said the nation needs a ‘comprehensive approach’ to containing its debt burden, which the government projects will exceed 1 quadrillion yen ($13 trillion) in the year through March as the nation pays for reconstruction.

“‘The events in Europe show us that when you lose market confidence at some point, the situation deteriorates fast,’ Ogawa said. ‘Politicians need to act with the understanding that they’re running out of time’ to fix the nation’s finances. ‘If you don’t act early, it’ll become even more difficult’ to maintain market trust, he said.”

My Comment: During 2012, many countries will “catch up” to Japan and the U.S. The general crisis will force the world to reconsider their attitude towards life, that is, to balance giving and receiving, to live in order to be filled with the highest fulfillment, the revelation of the existence at the level of Adam—common bestowal and reception into the common desire. In this, humanity will reveal the next level of existence: the world of eternity and perfection.
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The Poverty Of Nations

Dr. Michael LaitmanIn the News (from Business New Europe): “It can be miserable living in an economy in transition. Hyperinflation might destroy your life savings in a matter of months. Your job may be pointless and pay badly – until you lose it that is. And then you could be condemned to poverty because there’s no social safety net to speak of.

“In October, the US Census Bureau announced that one in seven Americans, or 49m people, are now living in poverty, the highest number since records began 53 years ago. Two weeks later, the UK’s Office for National Statistics announced that the number of people out of work has hit its highest level in 17 years and youth unemployment is at an historic high… And Spain capped off the round of bad news saying unemployment is currently 23% – its highest level ever and the highest in the EU. A catastrophe is unfolding among the nations of the developed world.

“The West went through most of this sort of pain centuries ago, supposedly bringing to an end the scourges of hyperinflation, chronic unemployment and poverty. But now all three of these problems have reappeared – and most of them were visible even before the 2008 financial crisis broke.

“To conclude, evidence suggests that new and old Europe are moving in opposite directions, but isn’t this all just down to the hangover after the borrowing binge that western banks went on since the start of this century?

“…the monopoly that the West has enjoyed for the last 500 years over the most important factors that lead to prosperity has been broken, and the feisty young economies of the emerging world are undermining the comfortable western way of life.”

My Comment: The evolution of civilization is an objective process, and it is impossible to ignore it. Neglecting changes in society lead to mistakes that persist, and ignoring objective laws bring the entire developed world to the collapse.

It turns out that a one-sidedly developed world cannot realize nature’s new attitude towards civilization; the fact is that it forces us to establish integral connections, the society of mutual guarantee.
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The Architect Of The Single Currency: Euro Doomed From Start

Dr. Michael LaitmanOpinion: (Jacques Delors, the former president of the European Commission, a key architect of the euro): “The euro project was flawed from the start and the current generation of European leaders has failed to address its fundamental problems…

“In an interview with The Daily Telegraph, Jacques Delors claims that errors made when the euro was created had effectively doomed the single currency to the current debt crisis. He also accuses today’s leaders of doing ‘too little, too late,’ to support the single currency..

“Mr Delors, who led the commission from 1985 to 1995, played a central role in the process that led to the creation of the euro in 1999. In his first British newspaper interview for almost a decade, he says that the debt crisis reflects a threat to Europe’s global role and even basic Western democratic values.”

My Comment: How was it possible to create a single market without integrating everybody into a unified Europe? It is a mockery of the “progressive” part of humanity, when the authors of the European unification project think that it is sufficient to slightly adjust the standards and the markets. Where is unity? It’s not to be found even in a common pocket, not to mention cultural integration, integral upbringing, becoming closer above national and cultural differences, and overcoming contempt and hatred.

Naturally, the project failed, and it is clear that its ignominious end was laid at the beginning. Integration should start with people, and not with a common market.
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Business In The Integral World

Dr. Michael LaitmanThe world economy stands on the verge of global changes, which essentially boil down to the inevitable, deep, and permanent reduction in demand. This means that industrial capacities producing non-essential items gradually will be shut down. First this will hit weak businesses that have low competitiveness in quality, productivity, and innovation.

The main change that is required is to reject the profit motive, which is the objective of business. Profit will continue to play a role in the functioning of the business, but it will cease to be important in and of itself. What matters is its mission, the purpose it serves.

Today, profit is the main thing in any industry and any method is used to attain it. The profits are used to fulfill the desires of a narrow group of people.

Profit should result from effective economic and industrial activity, serve as a measure of its effectiveness, but be directed at raising every member of society above the poverty level. At the same time, businesses and society must see that the profits of each enterprise be allocated to raise living standards to the level required for existence, as necessary for the survival of society under new conditions.

Of course, shareholders are entitled to receive their share of the profit, but they will strive to develop the enterprises necessary for society. Their investments will be recorded in their personal accounts, and society and public opinion will support them. A percentage of profit and investments should be in the development of integral education and upbringing of the managers, shareholders, and employees of the company because a successful business and its correct public distribution depends mainly on them.

In the integral world, only new business working relationships can fit. The company’s staff is a mechanism of control, and the principle “supervisor-subordinate” relationship will continue to exist, but only within a system of friendly relationships, in unity, striving for a common goal within the company, country, and the world.

Thus, the main objective of entrepreneurs will be to engage millions of people in the creation of a common future: the society of mutual guarantee. Due to mandatory integral education and upbringing, everyone who builds his work on these values will achieve correct results. The formation and development of the value base of employees should become the key priority for entrepreneurs.

Since the motivation of man will cease to be based on material factors, due to the support from the community that provides everything necessary for existence, society must find new methods to motivate people to work effectively, such as the desire for leadership to the benefit of society, public recognition, and so on. No enterprise will be able to become part of the new global economic system if it does not pass through inner spiritual renewal, transformation, and accepts new basic values.
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Integration Can Only Be Full

Dr. Michael LaitmanIn the News (from RIANovosti): “The euro’s decline may be closer than the eurozone’s authorities think. Jacques Attali, former chairman of the European Bank for Reconstruction and Development (EBRD), said the euro might not survive beyond Christmas. The Wall Street Journal writes that companies providing software for foreign exchange trading ‘are testing systems that could handle trading of previously shelved European currencies.’

“‘The issue now is: Will the euro still exist by Christmas? There is more than a one-in-two chance that the single currency will not survive,’ the French economist said.”

My Comment: In any case, there are only two ways in front of us:

  • the path of suffering, if we persist in our egoism;
  • the path of enjoyment, if we agree to strive for unity.

Integration cannot be partial, in this case, only economic. It should be general and complete. Otherwise, it is like being a partial virgin, partial thief, partially faithful, and so on. It’s because the parts that are not integrated will break the integrated part.
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Solution: “Global Game Changer”

Dr. Michael LaitmanOpinion: (Gerald Celente, founder of Trends Research, world trend analytic at the Summer Trends Journal): “Celente will continue to make clear that ‘Happy Days’ will not soon be here again. He will continue to explain that, budget deal notwithstanding, no future Fed quick fixes or DC schemes can reverse the ‘Greatest Depression’ – bound economy. No bipartisan miracle will eliminate the budget or trade deficit, restore the dollar to its former glory, or bring back jobs lost to China, India, Mexico, etc. Europe’s financial crisis is equally critical.

“And the EU, IMF, and ECB rescue policies will prove as ineffective as America’s. Those warnings are not ‘alarmism’ or ‘pessimism’ they are just a matter of drawing logical conclusions from hard facts and incontrovertible data.

“Nevertheless, even with a major economic collapse ahead of us, Celente is convinced there is a basis for expecting positive global outcomes in the long-term. The potential ‘Game Changer’ lies in a widespread recognition that the Industrial Revolution mindset and policies will not, and cannot, work in a 21st century world.

“‘It’s not just Model T economics that’s outmoded, so are our approaches to education, healthcare, politics and, yes, the military,’ says Celente. ‘The old adage “Generals fight the last war” is as valid as ever. While the technology may have changed, the mindset hasn’t. The conviction that brute force can prevail in an occupied country defended by guerilla combatants has proven a multi-trillion dollar, decade-long failure. Yet even as old wars drag on with no victory in sight, new wars are started such as “Operation Odyssey Dawn” launched against Libya five months ago, a “kinetic military action” that was supposed to end in ‘day’s, not weeks.’”

My Comment: Victor Hugo once said that: “There is something mightier than all the armies of the world, and that something is an idea.” Education of the masses is needed to reveal this idea. According to Kabbalah, this is most important. As Baal HaSulam writes, we all need to sit behind school desks for a few months, and we will begin to understand our world and our state in it, and realize that we need to unite to attain equality and balance: equality between us and balance with nature. We attain eternity and perfection by carrying out these two conditions.
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The Revolution In Energy Sector

Dr. Michael LaitmanIn the News: “Andrea Rossi’s energy catalyzer, or ‘E-Cat’ reactor, is intended to produce large amounts of energy from a reaction between nickel and hydrogen. Rossi said the reaction produces heat to heat water, which produces steam that can be used to generate electricity.

“If the technology works, it could enable a new generation of power plants to provide safe, cheap, and virtually unlimited nuclear power, without fossil fuels or radiation concerns.” (Source: The Boston Globe)

“Cold fusion technology is in the nascent stage, and Mr. Rossi’s steam generator is the first step in a wide-open field of research and development that will generate new roles and jobs for people worldwide.

“As a thermal energy generator, the Energy Catalyzer can be used for heating work spaces or as a hot-water heater at a fraction of current costs, and its clean, a welcome development for environmental programs which have seen their budgets slashed too.

“The fuel is hydrogen, the main element in water, and the reaction occurs in a powder made of nickel, the same metal that is in a US 5 cent piece. There is no carbon dioxide emitted by this reaction and there are no radioactive materials used.” (Source: coldfusionnow.wordpress.com)

My Comment: When humanity ceases to pursue profit as the main purpose of its existence, it will begin to explore the inventions that were unprofitable for corporations and thus not implemented. We will hear about many wonderful possibilities if the goal is not profit at any cost, but to bring public good.
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There Is Only One Solution: Complete Unification

Dr. Michael LaitmanOpinion: (French President Nicolas Sarkozy): “He [Sarkozy] said France and every other euro zone country needed to enshrine a budget-balancing ‘golden rule’ in their constitutions, to force stricter fiscal discipline as the bloc strives to reform itself or get left behind.

“‘Europe is no longer a choice. It is a necessity. But the crisis has revealed its weaknesses and its contradictions. Europe must be rethought,’ Sarkozy said.

“‘Let us not hide it, Europe may be swept away by the crisis if it doesn’t get a grip, if it doesn’t change,’ he said, warning that a collapse of the euro would make France’s debt unmanageable and wipe out people’s savings.

“Sarkozy promised that reforming Europe would mean closer inter-governmental cooperation, not handing control to a supra-national body.” (Source: Reuters)

“‘The reform of Europe is not a march towards supra-nationality.’ …’The integration of Europe will go the inter-govermental way because Europe needs to make strategic political choices.'” (Source: Reuters)

My Comment: Of course, it is necessary to pursue a greater integration, as the times demand. The world is getting closer, while countries and people are not, and the lack of balance of society in relation to nature is manifested as a crisis—the crisis of society, not financial and so on. As soon as the EU will decide to unite fully and begin this long process, we will feel how the crisis eases and see new opportunities.
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European Debt Crisis Threatens The Core Economies

Dr. Michael LaitmanOpinion: (Juergen Stark, Member of the Executive Board of the European Central Bank): “ECB policymaker Juergen Stark has warned the sovereign debt crisis had spread from the eurozone’s periphery to its core economies and was affecting economies outside of Europe.

“‘These are very challenging times. The sovereign debt crisis has re-intensified and is now spreading over to other countries including so-called core countries. This is a new phenomenon,’ Mr Stark said in a speech to Ireland’s Institute of International and European Affairs in Dublin.

“‘The sovereign debt crisis is not only concentrated in Europe. Most advanced economies are facing serious problems with their public debt.'”

My Comment: That is why the world is said to be global. But besides that, it is also integral: All countries, economies, and people are completely interrelated in it. We will not be able to break this connection even in a world war. This connection can only be corrected to good: mutual guarantee!
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