Entries in the 'Economy' Category

A Generation Of Loafers

laitman_926_01In the News (Russian Bazaar): “43% of unemployed Americans do not want to seek employment. 59% of the unemployed are accustomed to an idle life, and have been doing nothing for more than two years. These are the conclusions of experts from the Harris research firm. …

“The country’s social stratum of ‘lifelong dependents’ has dramatically expanded (to about 40 million people). These people are convinced that modern man has a right not to work, and the presence of permanent income is not a cause for pride. …

“According to new trends, nearly a third of Americans between the ages of 18 and 29 are not going to make a living on their own. This category is planning to live at the expense of their parents, and expects to receive an inheritance from their parents. …

“Paradoxically, in the present circumstances is sometimes more profitable to not leave children a penny, than any savings. …

“As long as there is money, they do not even think about work. …

“‘Working Americans are no different from slaves 200 years ago – says the 25-year-old activist BLM Audrey J. – These people have chains and collars. They feel free. In fact, they are simply psychologically zombified. … Hard work – is evidence of weakness and submission to a cruel system. ‘ …

“In the 30 to 39 year-old age group, one in every five Americans is not going to look for a job every five Americans. …

“Federal, state and municipal programs are constantly updated and extended, so the ‘experienced’ people know how to squeeze out the maximum state aid in the form of food, shelter, cash, health insurance and so on. …

“About 40 million people are not willing to work and still another 30 million profit from the fact that these 40 million do not work. …

“If the trend continues …, then in the near future, the number of unemployed will be 3 – 4 times the number of employed (Clinton’s program is destroying the capitalist business model, finally turning the US into the likeness of Venezuela).”

My Comment: The trend is clear. and it is generated by the lifestyle and desire of the elite. On one hand, there is no need for everyone to work. Not working is actually better for nature and the environment. It is more useful for society to study and to be educated. This should be everyone’s mandatory occupation!
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The Frustration Of Globalization

laitman_272In the News (Vesti Finance): “International assistance to poor countries based on the principle of Robin Hood: Take from the rich and give to the poor. …

“Nobel Laureate Angus Deaton, writes about this idea in his article on the Project Syndicate.

“’A more formal term for this Robin Hood principle is ‘Cosmopolitan prioritarianism.’ This is an ethical principle that we need to think about all of the world equally, regardless of who lives where, and to channel their assistance to those who need it most. Those who have less are given priority over those who have more. Directly or indirectly, this philosophy is the basis of the distribution of all allocated to economic development aid, health and humanitarian emergencies. The needs of the people in poor countries are more urgent, and the level of prices in these countries is so low that for every dollar or euro of aid, two or three times more can be done than at home. …

“‘Globalization saving people in the poorest countries, proved to be harmful to the inhabitants of the rich countries, as some businesses and jobs migrated to countries where labor is cheaper. It seems that this phenomenon is an ethically acceptable price, because those who lose from globalization were much richer (and healthier) those who won. …

“‘Yet how much do these Americans suffer from globalization? Are they doing much much better than Asians, who now work in the factories that once settled in their cities? In general, of course, better. But a few million Americans, including blacks, whites and Hispanics, now live in households with a per capita income of less than $ 2 a day. This, in essence, is the same standard that the World Bank uses to determine the level of poverty in India or Africa. With this income in the US it is so difficult to find a roof over their heads, that the poverty with incomes of less than $ 2 a day in the US is definitely much worse than similar poverty in India or Africa. Cities that have lost plants due to globalization, and lost their tax base, are now finding it difficult to maintain high-quality school education, and with it – a chance for a better life for the next generation. Elite schools are gaining rich children to pay their bills, and at the same time fawn the minorities, offsetting centuries of discrimination. …

“‘It annoys the representatives of the white labor class, whose children have no place in this brave new world.

“‘When citizens believe that the elite cares more about those who live overseas, than about those who live across the street, the social contract is broken, we are divided into groups, with those who remain behind experiencing frustration and anger against a policy that no longer serves their interests.’”

My Comment: Do not be confused: it is not globalization when plants from a rich counter are relocated in poor countries in order to profit from cheap labor.

Globalization is a common, harmonious, mutual relationship that gives the main result of overall interrelations that begin in a small community and spreads throughout the whole world.

The term “globalization” indicates that we are mutually connected, and therefore live harmoniously with nature, which should positively affect everyone. We need to build mutual relations between us in the same way on every level.

The main tool to achieve that is educating people, since by educating them we provide them with the knowledge about the global interdependency of humanity. On the other hand, partial use of the aspects of globalization will only increase the current crisis.
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Far From The People….

laitman_263Opinion (Fyodor Lukyanov, editor in chief of the magazine Russia in Global Affairs, chairman of the Presidium of the “Council on Foreign and Defense Policy” NGO): “The world elite can not understand what is going on with all those whom they, in theory, should operate – their own population is increasingly distancing from these elites. …

“Why is this happening? The world’s elite are globalized. It is a combined establishment – American, French, German, Croatian, Chinese, etc. In fact, the different ‘upper classes’ have more in common with each other than with the national communities that they represent. It repeatedly pops out. The recent ‘Panamanian dossier’ has caused a strong reaction in the world. Why? Because in the worst possible moment another confirmation that this elite community, hides money offshore, while their compatriots are at risk of losing their savings in their homelands.

“So, in my opinion, the world is at a critical turn. The current model of globalization has reached the limit beyond which lies a dilemma: either the real world government, in any case – the government, which controls vast territories, communities and units, or the movement of globalized elites back to its roots, without which they, in fact, do not have legitimacy. …

“The next step is a rematch of people who believe that the elite have detached from them, forget about them and do not want to know what they need.”

My Comment: There is a limit to the control of any system: if the world is interdependent, it needs to be united, universal, and managed by a single institution or divided into subsystems and finding a mutual balance between them. The current situation, in which the elites are united and the lower class is separated, cannot continue for long.

Natural development is toward world government. But in the absence of a method of consolidation, the wisdom of Kabbalah, everyone believes that achieving such a state is impossible. Even though everyone is aware of the need for world government, they prefer to keep their distance rather than entering into a fight.
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The Era Of “Helicopter Money”

laitman_547_06In the News (Market Watch, “Don’t look now! Helicopter money is already being deployed”): “…Torsten Slok, Deutsche Bank’s chief international economist, argues that the Fed has been employing measures similar to helicopter money via its remittances to the Treasury.

“‘The Fed in 2015 paid the U.S. Treasury $117 billion and dividing that by the total number of households (125 million) shows that the Fed is already giving money to U.S. consumers,’ he said in a note on Tuesday.

“That comes out to each U.S. household receiving about $1,000 from the government and equivalent to a 2% tax relief for households falling in the $50,000 median-income bracket, according to Slok.

“Helicopter money in its simplest form calls for a central bank to print money and give it to people, most likely in coordination with fiscal policy like a tax cut or to fund spending. It’s an idea that was first articulated by Milton Friedman in his 1969 paper, ‘The Optimum Quantity of Money.

’“Slok’s main point is that helicopter money isn’t always accompanied by fanfare.“[It] is normally thought of as a big event where fiscal and monetary policy work together to kick-start the economy. Today’s version of helicopter money is more quiet. What the Fed is doing today corresponds to a situation where the Fed sent a check every year of $1,000 to every single household,” he told MarketWatch.

“In other words, sometimes it’s ‘the communication of helicopter money that determines how effective it is in supporting GDP growth,’ Slok said. Traditionally, the concept of helicopter money has been viewed as a policy tool of last resort and sometimes policy makers are reluctant to publicly embrace such drastic measures.

“‘What is at stake here is the risk that people lose faith in money and in the government having things under control. So there are good reasons why policy makers in the U.S., Europe, and Japan are hesitant to do full-blown helicopter money,’ Slok said.

“With the global economy shackled by anemic growth, more economists and Wall Street big shots have called on the Fed to explore creative means to resuscitate the economy. DoubleLine Capital’s Jeffrey Gundlach recently predicted the Fed will have to resort to the helicopters.

“Economist Nouriel Roubini also has urged central banks to deploy more ‘unconventional’ monetary policies as ‘desperate times call for desperate measures.’”

My Comment: All points to the fact the money will no longer play a role. Ensuring each person receives all necessities will be possible and required. But his participation in society will also become necessary, his participation in the public educational process, which will transform everyone into a participant in one single society.
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“The US Will Repeat The Fate Of The Roman Empire?”

400In the News (Vesti Finance): “Former US Federal Reserve Chairman Alan Greenspan, one of the few who consider the growing social costs of direct threat to the country’s economy. …

“the truth is that social spending now exceeds even military spending: it accounts for more than $1.75 trillion, that is, half of all federal spending, while the needs of Pentagon spending is approximately $700 billion per year. This is an exemplary picture of what happens when the military and social spending beyond the capability of the state, the state collapses. And a perfect example of this -. [In] The Roman Empire … the huge costs of ‘bread and circuses’ practically exhausted the imperial treasury. Initially it was assumed that this would facilitate the suffering of the poor. A free food program was designed for 40,000 residents of Rome in 71 BC. e. and 320,000 (about one-third of the entire population of Rome) under the emperor Augustus… .

“The expensive entertainment, bloody gladiator fights that took place during the holidays, were common in the sunset of the Roman Empire, depleted state treasury. …

“The situation is similar in the United States: social expenditures exceed the resources of the economy, they take half of the federal budget. This is compared to 20% in 1970. Furthermore, expenditures will only grow. … To pay for social benefits, federal tax rates have doubled. It is unlikely that the elite, to get the most benefit from their status quo, will deduct 80% of their income as federal taxes. From a comprehensive analysis it becomes clear that the economic elites and corporate groups representing the interests of business, have quite a strong influence on the US government , while ordinary citizens have little impact on the political process. no one dares to encroach on the ‘third pillar’ of US policy. So, if there is no free lunch, it is better not to talk about them, than to engage in populism.

“The Romans were not interested in solving this problem. As soon as people were used to free bread, riots began to occur in cases of delayed delivery of the grain. The authorities are faced with the unrest, growing demand, depleted coffers, and weakened currency, it was necessary as a politically expedient ‘solution.’ American elites are trying to solve problems with the help of an uncontrolled release of money to subsidize the federal budget deficit, stubbornly unwilling to notice the final fall of the currency, which it inevitably will.”

My Comment: It is impossible to stop the evolutionary process of society; egoism must prove itself as the gravedigger of the reign of the self, like a cancer that devours the body and ultimately dies together with it. Salvation is only with introducing Integral Education among to the public and its implementation in society. This is the path of the Light.

Otherwise it will be the path of suffering, not through curing egoism, but through the death of the entire body, the empire of the ego.
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The Introduction Of Guaranteed Basic Income

laitman_626In the News (Independent): “A leading artificial intelligence (AI) expert believes that societies may have to consider issuing a basic income to all citizens, in order to combat the threat to jobs posed by increased automation in the workplace. …

“Dr Moshe Vardi, a computer science professor at Rice University in Texas, believes that a basic income may be needed in the future as advances in automation and AI put human workers out of jobs. …

“In Dr Vardi’s view, governments and societies around the world may have to consider a ‘basic income guarantee’ – a system in which all citizens or residents of a country receive an unconditional sum of money, in addition to any income they bring in elsewhere. …

“If technology-induced mass employment does become a reality in the future, a basic income may be one of the solutions. Governments around the world will be keeping a close eye on the experiments in northern Europe to see just how feasible the concept is.”

My Comment: Capitalists themselves will begin speaking socialist slogans because life will obligate them. So gradually a whole system of relationships based on the unity of all in one system will be implemented. After all, fighting would be to our own peril!

And the money will not be worth anything; everything is going to be reset when when everything that is beyond the basic necessities loses its value. Beyond the necessities will be discovered only the possibility of discovering and fulfilling the soul.
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“Future Of The State: National, Irrational, Catastrophic”

laitman_220In the News (spiegel.de): “It is not long ago that the progressive opening of the borders was a certainty. A worldwide movement wanted to tear down the narrow confines of the law. An unstoppable globalization progress, was prophesied. …

“Data, product and capital flows would ensure that the state would become weaker, and in addition that cultural barriers would fall was hoped.

“Now a backlash has begun: EU-members are closing and fortifying borders that they previously wanted to keep absolutely open. …

“Priorities have shifted dramatically. Citizens are concerned about the security the state provides, especially in Europe. … Surprisingly many people view protectionism positively (38 percent) and globalization negatively (39 percent).

“This change in mood is understandable. Hopes for unlimited rising prosperity were not realized, at least since the onset of the recession from 2008 and 2009 respectively. Prevailing since then is a permanent crisis mode with exacerbated conflicts over distribution. Where these are ideologically charged, terror and war thrive. Accordingly, the security needs of citizens rises. …

“A state that can not secure its borders, loses its statehood. …

“The role of the state has grown over the centuries. The more complex societies were, the more institutions they needed to manage collective problems – judiciary, army, police, education, social security, environmental protection, privacy …

“Especially in the 19th century, the state responsibilities grew enormously. Within a few decades, rural agrarian societies developed into large-scale industrial companies. Large-scale transport networks were needed to transport industrial goods between the newly created cities. Schools and universities equipped the industry with qualified employees. … Companies were bigger and more anonymous. …

“To effectively perform public duties, States unified and enlarged their territories. …

“International cooperation intensified. …

“Humanitarian disasters such as in Syria , the damage to the global climate from greenhouse gases, wild fluctuating capital flows – all that exceeds the capabilities of today’s nation-states. Therefore confidence wanes in their institutions. Therefore fail national leadership figures. Whether there are rulers, the opposition, or extremist, they cannot deliver on their promises of salvation.

“Rationally considered, we would do everything possible to overcome the nation state today. Because its scope is no longer enough. To solve the problems, parts of sovereignty to international levels are displaced. One approach, that of Western Europe has gone on for decades, through the deepening of the EU and the euro.

“But the unresolved permanent crises in recent years – from the financial- about the euro – to the refugee crisis – have battered the credibility of the EU institutions. Instead of perfecting the European order, we are now experiencing a reference back to ever smaller government units.

“It is the triumph of national feelings over reason, an aberration, considered rational.”

My Comment: People act instinctively. So it is a natural tendency in a time of crisis, terrorism, and wars to gather again into their nations, become isolated, contract, and tackle their own problems. But the inexorable laws of nature are pushing us toward full unity. The solution is in understanding the laws of nature and following them. The wisdom of Kabbalah leads us to this.
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David Cameron In A Struggle Against Corruption

laitman_547_05Comment: British Prime Minister David Cameron convened the first summit to combat corruption in London with the goal of creating a global movement that will defeat corruption. It seems that humanity is not learning anything; after all, these endless summits and forums like the G8 and G20 always collapse.

Answer: A politician of the stature of David Cameron cannot think otherwise. He can never be imbued with any idea other than how to take hold of the “steering wheel.” According to his understanding, everything revolves and exists only to attain this goal.

Question: Which is to say, the world will not fight corruption?

Answer: The world will not, can not, and does not want to fight corruption. For a person in power, nothing is sacred except two things: his children and his money. A person has no control over death, yet he wants to control his money and his children.

Question: How would you deal with corruption?

Answer: I personally have no one to fight. I understand the abominable egoistic nature of humanity, that there is nothing worse, and I see how weak we are against it. It “plays” with us.

Yet there is a method that makes it possible for us to rise above our nature, at least to such a degree that a more or less respectable “institution” could be created from worldly society that would live according to good laws. Otherwise the world will deteriorate into an abyss. But we can make a good, comfortable, beautiful, and happy life. Then it will be good for all, including Cameron.
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From KabTV’s “News with Michael Laitman” 5/15/16

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Japan: Robots Are Replacing Farmers

Laitman_405Question: The world is approaching robotization (the replacement of people by robots) more and more. In Japan, for example, robots have begun to replace farmers, and toward the end of 2016, they are planning to build a completely robotic farm. It is interesting to see that a Japanese literature competition held recently finished with a novel that was written by a robot. So, gradually, robots are replacing people.

Answer: It is possible to replace people in everything, except spiritual work.

A point in the heart is within each one of us. This is a spiritual point, a connection with the Creator, or our resemblance to Him. This point in the heart cannot be created artificially because this attribute is given to a living person, a biological entity, and we cannot transfer and implant this in a robot.

So, we should not worry about the loss of work that robots will carry out.

We must do what people must do: develop this point of divinity within us to the point of full resemblance and equivalence to the Creator. The resemblance that is developed in us is what is called Adam (Man). Everything else is a body on the animate level, not on the level of Adam. Robots were created only to push us toward this work.

Question: What does “becoming like the Creator” mean?

Answer: Becoming like the Creator is developing the internal and hidden desire within us that attracts us toward oneness, friendship, mutual help, and connection to the mutual merging of everyone into one single image called Adam, from the word “Domeh” (similar to the Creator). It is up to every person, all of humanity, to reach this state.

We can do this. For this, there are unique forces in nature. The wisdom of Kabbalah speaks about this, and helps in discovering and using them so that we will become like the Creator.

The future of humanity is a society in which all of the physical work will be carried out by robots and machines, while people will be involved with spiritual work. This is the human level.
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From KabTV’s “News with Michael Laitman” 4/24/16

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The World Economy Is Falling Apart

laitman_272Opinion (TheGuardian): “All is calm. All is still. Share prices are going up. Oil prices are rising. China has stabilised. The eurozone is over the worst. After a panicky start to 2016, investors have decided that things aren’t so bad after all. …

“Fears of a $20 oil price have receded. Prices have stopped falling in the eurozone. Employment growth has continued in the US. The International Monetary Fund is forecasting growth in the global economy of just over 3% this year – nothing spectacular, but not a disaster either.

“Don’t be fooled. China’s growth is the result of a surge in investment and the strongest credit growth in almost two years. There has been a return to a model that burdened the country with excess manufacturing capacity, a property bubble and a rising number of non-performing loans. The economy has been stabilised, but at a cost.

“The upward trend in oil prices also looks brittle. The fundamentals of the market – supply continues to exceed demand – have not changed.

“Then there’s the US. Here there are two problems – one glaringly apparent, the other lurking in the shadows. The overt weakness is that real incomes continue to be squeezed, despite the fall in unemployment.

“For a while, consumer spending was kept going because rock-bottom interest rates allowed auto dealers to offer tempting terms to those of limited means wanting to buy a new car or truck. In an echo of the subprime real estate crisis, vehicle sales are now falling. …

“Europe’s big problem, over and above the fact that the euro was a disastrously flawed concept, is that the banking system is not fit for purpose. As the IMF noted last week, a third of eurozone banks have no prospect of being profitable without urgent and meaningful reform. That requires two things: to reduce the number of banks and to do something about the €900bn (£715bn) of bad loans sitting on their books at the end of 2014. …

“Central banks, of course, swear blind that they are fully in control and that there is nothing to worry about. Perhaps not, but something doesn’t smell right. The fact that economists at Deutsche Bank published a helpful cut-out-and-keep guide to helicopter money last week is a straw in the wind.

“As the Deutsche research makes clear, the most basic variant of helicopter money involves a central bank creating money so that it can be handed to the finance ministry to spend on tax cuts or higher public spending. There are two differences with QE. The cash goes directly to firms and individuals rather than being channeled through banks, and there is no intention of the central bank ever getting it back.”

My Comment: The world is obliged to change its complete format because the economy expresses not only economic connections, but all the connections of humanity that are calculated with money, the universal parallel of the connections between us.

If the system ceases to operate, we must replace it, otherwise there will be a collapse! But how to change the system that is built on our nature, on egoism, and win? There is only one way: to change our nature from egoistic to altruistic! And that is how we reach the victory of the wisdom of Kabbalah.
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