Entries in the 'Economy' Category

Europe Has No Strategy For Exiting The Crisis

Dr. Michael LaitmanOpinion: (Robert Zoellick, the World Bank Chief): ‘“There is a total lack of this [leadership] now, and the longer that continues, the more money it will cost and the fewer options will remain’…

‘“The key question is whether people and governments in Europe want to establish a political and financial union to complement the currency union’…

“Zoellick called on the continent’s leaders to provide Europe with political direction as they continue to engage in dialogue.”

My Comment: The following is clear:

  • Europe still has no strategy for exiting the crisis;
  • The crucial question is: Will Europe manage to create a genuine union?

When we talk with politicians, economists, and sociologists about resolving the crisis through the integration of society, bringing it to reasonable consumption, releasing the majority of people from work, and drawing them to mandatory global integral education and training, they argue that this is too general. They want to hear concrete suggestions for how to overcome the crisis, how countries and people can get closer in practice, what can be changed in social and industrial relations, in the relations between a person and the state, and so on.

But these plans should be developed by experts in these areas. We explain the ideology of an integral society. Ideology does not complete the process of the development of a new direction, but only sets a new direction, and then “technologists” come into work. To solve the challenges of the crisis, it is necessary to organize working groups in which leading economists, business leaders, planners, and so on will work together with our specialists on the integrality of the world.

Because we have not yet begun to change our social, economic, industrial, family, and other relationships, the world continues to slide into deeper crisis. So maybe it’s time to notice us and to respond to the call to work together on creating the know-how of transition—the world’s transition to a unified perfect form.
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Rich World “Pessimistic” But Developing World “Upbeat”

Dr. Michael LaitmanIn the News (from BBC News): “BBC World Service survey in 25 countries has found strikingly different attitudes to the economic outlook between rich and developing countries.

“In the rich world, consumers were pessimistic, while in emerging economies people were more upbeat.

“Japan, France, and Britain emerged as particularly gloomy. The percentage expecting good times in all three countries was in single figures. More than half expected bad times.

“In the developing world, optimists outnumbered pessimists in nearly every country surveyed. In Nigeria more than seventy per cent expected good times.”

My Comment: As we transition to equitable reasonable consumption, people in poor countries, of course, look at the future with optimism and happiness because their standard of living, in general, will rise. However, people in rich countries involuntarily look at the future with pessimism because they will lower their standard of living to a reasonable level.

That is why it needs to be explained to namely the citizens of rich countries that the new integral society will give them optimal fulfillment not through material excesses that drain and plunge people into depression, but rather fulfillment on a new level of existence, outside of oneself, in the connection between us—in the feeling of eternity and perfection.
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Seven-Point Plan To Save Eurozone

Dr. Michael LaitmanOpinion: (George Soros, billionaire investor):“‘My seven-point plan to save the eurozone…’”

My Comment: Sure, experts like him will discuss, criticize, and approve these points. But even if they were completely accepted, this would only hasten the economic decline of Europe because they do not contain a single word about correcting the real cause of the crisis: the discrepancy between man, society, and a unified world.
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Even The Sky Is Not The Limit

Dr. Michael LaitmanThe economy is the most important area for a person. Indeed, it is an imprint, a reflection of all other areas of life. It is impossible to build a correct economy if we don’t take into account education, family relations, and the mood of a nation. All these areas impact the economy.

It is similar to a spiritual union (Zivug) through which the spiritual Partzuf fills itself. Everything is included in this union: all desires, all thoughts, all properties, and all interactions between everyone. All of it together comes into contact with the Light, with fulfillment. This is what the correct economy means!

In our usual economy, we sever some small part and deal with it—we are simply unable to make a correct global calculation. Although I have heard that already there are attempts to move from simple numbers and formulas to different evaluations that take into account the human factor.

However, the correct economy for me is “coupling while striking” (Zivug de Hakaa) where you manage to receive the optimal fulfillment for your current state, and the way for reaching an even greater and greater fulfillment is open before you. Like during a spiritual elevation, you will never lose or make a mistake, you will never end up in a crisis.

New “empty areas,” the opportunities for fulfillment, will be opening for you. Essentially, this is exactly what humanity is dreaming about. We want each time to have new opportunities for greater fulfillment, to fill ourselves infinitely, without any limits. As they say: “Even the sky is not the limit.”
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From the Daily Kabbalah Lesson 10/9/2011, Writings of Rabash

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Pay Attention To People!

Dr. Michael LaitmanOpinion: (John Kirton, Co-Head of the G20 Research Group at the University of Toronto, Canada): “‘The Cannes summit has got to, for one, contain the euro crisis. Number two, find a way to generate strong, sustained, balanced growth in the global economy. Third, put in place stronger financial regulations and supervision… and then it has to move on to look at development’…

“Thousands of international activists, with a range of causes, are staging protests in the nearby city of Nice to make sure world leaders focus on people and not just on financial markets.”

My Comment: These protests begin to show that more people are starting to believe not in an economic but in a social solution to the crisis, not in further industrial growth needed only for the rich to become richer but in fair distribution of the existing resources, which will be enough for everyone with equal distribution of surplus.
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Sony Slashes Annual Operating Profit Forecast By 90%

Dr. Michael LaitmanIn the News (from Reuters): “Sony Corp on Wednesday [November 2, 2011] slashed its full-year operating profit outlook by 90 percent to its lowest level in three years as Thai floods disrupt camera production at the Japanese company, which is already struggling with a soaring yen and sluggish television sales in the U.S. and Europe.”
My Comment: This should happen in the production and marketing of all but necessary goods. Rampant production and unlimited consumption will no longer exist!
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Europe Should “Shoot” At The Crisis

Dr. Michael LaitmanOpinion: (Nouriel Roubini, chairman and co-founder of Roubini Global Economics LLC): “‘I’m very concerned of things getting out of control,’ Roubini said in an interview at Bloomberg’s Dubai office yesterday. ‘You need a huge bazooka of at least 2 trillion euros, but you can’t wait three months. You have to do it in the next few weeks.’

“‘The problem isn’t that Greece is insolvent, but that the fact of having two big elephants in the room – Italy and Spain,’ Roubini said. ‘They’re too big to fail but also too big to save. Even if they are illiquid, but solvent given austerity reform, they’ve already lost market credibility.’

“‘The steps that need to be taken to avoid a dissolvent situation are massive,’ said Roubini….

“‘What is the likelihood of all of these things occurring in a coherent, consistent and realistic way to avoid the mess?’ he asked. ‘I think it’s a low probability because of the political constraints.'” (Source: Bloomberg.com)

“‘I thought a few months ago that the perfect storm would be 2013…. But now, the economic weakness in the US, euro zone and the UK is front loaded. So we’re going to double dip earlier. The climax of it could be 2013, or it could be already earlier.'” (Source: Bloomberg.com)

My Comment: To solve the problem, it is necessary to see the future and what it has in store for us in each of the following scenarios:

  • Delay until the phenomenon itself manifests clearly;
  • Failure to render help;
  • Help.

Even if the future is not clear and there are various opinions, the trend of our advancement has to be understood: Human development leads to its full integration. And although this development towards unity takes place contrary to our personal, state, and national egoism, we must accept this natural evolution as an obligation, as a fact, and make decisions in accordance with it.

Europe united partially as it feared the recurrence of war, rather than desired integration. But today, not only the EU, but the whole world should ponder over the necessity of integration, according to the evolution of human society. We are facing the fact that integration is the next form of humanity and we cannot ignore it.

With each passing day, we are becoming closer, and we must rebuild our relationships at all levels accordingly. Otherwise, the whole humanity will collapse, in all its relationships and institutions. And Europe should set us an example.
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Rigidity Without Love

Opinion: (Jürgen Ligi, Estonian Minister of Finance, from rus.err.ee): “Rigidity is one of the main problems of the European job market, thinks the Minister of Finance Jürgen Ligi.

“‘In general, labor laws are the greatest hindrance to European competitiveness…’

“‘But rigidity is observed in something else as well (apart from legislation). For example, very destructive unions can provoke a way harsher situation than the laws themselves.’

“According to Ligi, Europe must implement a number of reforms, including in labor-management relations and refrain from printing money, the strategy chosen by the US.

“‘Inflation should not be used to come out of the debt crisis.'”
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The World Of The Unemployed? No, The World Of The Freed

Dr. Michael LaitmanIn the News (from the UN Radio): “Growing unemployment, resulting from the 2008 global economic crisis, is threatening to cause social unrest in a number of countries around the world.

“That’s the warning issued by the International Labour Organization (ILO) on Monday.

“In a new report, the ILO says that globally over 200 million people are without jobs as the slowdown in economic recovery continues.

“If the current trends continue, it adds, it will take at least five years to return employment in advanced economies to the pre-crisis levels.

“Raymond Torres is the Director of the ILO International Institute for Labour Studies: ‘The slowdown is happening in a very fragile social context. We estimate that 40 per cent of the countries for which we have information are facing the risk of increased social unrest.’

“The ILO’s ‘World of Work 2011’ report has been issued on the eve of a summit of the world’s major economies, known as the G20 to be held in Cannes, France later this week.”

My Comment: The world unemployment rate is expected to rise constantly. Nature will force us to come to a society of reasonable consumption, when we produce and consume only what is reasonably necessary.

We will discover that with existing and emerging technology, it is enough for each grown up resident of the Earth to work 1-3 hours a day, and the rest of the time the entire population of the Earth, regardless of age, should constantly study how to live in a new integral society. For this work and studies a person will receive everything necessary for existence. Moreover, studying is mandatory for everyone.
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The Makeup Of The Occupy Wall Street Movement

Dr. Michael LaitmanOpinion: (Yury Rubinsky, Director, Centre for French Studies, the Institute of Europe of the Russian Academy of Sciences, from beta.tvc.ru): “The Occupy Wall Street movement is not the beginning of the world proletarian revolution, which Marx dreamed of. On the other hand, they are not bums, riffraff, or anti-social elements. They are not homeless or the proletariat. They are the younger generation of the middle-class.

“As a result of the global economic crisis, in real terms young people earn less than their peers did after the World War II. Many of them are denied their basic benefits package and severance pay. In the United States, the unemployment rate for young people under 25 is 17%, in France – 20%, while in Spain – 46%.

“This is a time bomb. Realizing this, the authorities began to flirt with the ‘occupants’ movement.  …Obama and Soros express their sympathy, but there is no solution!”

My Comment: The government needs to get ready for the waves of layoffs and decide what to do with people who have no work, and for a long term. Until we all learn to live in a new integrally connected world, it will not become better. On the contrary, it will be constantly deteriorating to force us to change, as it happens according to the regular law of evolution.
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