Who's economy? / "Wem sein Volkswirtschaft?"
                                     Ronald John Bartle

Newsgroups: uk.politics.economics, de.soc.wirtschaft
Date: Sat, 15 Oct 2005 17:34:14 +0200
Local: Sat, Oct 15 2005 11:34 am
Subject: Who's economy? / Betreff auf Deutsch "Wem sein Volkswirtschaft?" 

In much of the mainstream media, one get's the impression that the 
definition of a "good economy" that is being used is basically: "a 
good economy is one that allows maximum return with a wide choice of 
investments."

They would appear to totally ignore that, even in the industrial 
nations - it is often only 4-6% of the population who are in a 
position to hold any significant investments.

Even less attention goes to the (for me quite apparent-) fact that 
high/excessive profit-taking can mean that the mass of the population 
is suffering from the exploitative aspects of such relationships.

When those quoted in the media call for a "reduction in the massive 
unemployment" <here in Germany for instance-> but pay no attention to 
the fact that often a major reduction in unemployment simply means 
creating an army of the "working poor" this is quite transparently 
disingenuous.

Surely the goal of a national/regional economy should be that a 
maximum percentage of the total population should be living as well as 
is possible.

Calls for economic reforms that are thinly disguised calls for "more 
exploitability" and/or further transfers of the wealth from the less 
well-off into the pockets of the relatively few rich individuals 
sitting at the top tables of society, need to be recognised for the 
sham that they are.

Am I one of a small minority who sees things this way (especially 
since 1989?)

Alternatively - can you explain to me why my - perhaps rather 
_jaundiced_ - assessment of things is fundamentally flawed?


ron b.
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