Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Saturday, 7 December 2019

From Polarisation, Hate and Fear to Community, Joy and Hope: Thankful 1928


I was encouraged by my friend's example to show real life on social media. FB has often been accused of being a platform where people present their picture perfect lives, and others feel horrible because they cannot match up.
Not all the posts on FB are cheery. Recently I've noticed a lot of political posts, often written from a place of despair or anger. People are worried about the economy, they are fret about job security and powerful politicians. It has been easy for me to feel anxious, hopeless about my city and the economy and the future of human kindness and civilisation. 
Polarisation, hate, fear. 
Now for my real life moment. My wife and I went to a Christmas lights display at a golf course. We watched a sort of community form, of families and friends enjoying the lights. As we walked past the tobogganing hill, I heard genuine laughter. True, I don't know the challenges they face. Perhaps the man sliding down the hill with his toddler on him lap just lost his job. Perhaps the friends, each pulling a child on a sled, can't sleep at night, afraid of what the world will be when their children grow up. A couple holding hands. Perhaps they worry that they won't be able to pay their bills this month, so they decided not to put up their own lights. Each person there has struggles and challenges, but at that moment they chose to be happy. Regardless of political situations, economic slowdowns, uncertainties about the future, we can choose happiness. On a cold dark evening, light coaxed people out of their homes, rewarded them with joy and filled me with hope. If they find peace, perhaps I too can choose to enjoy life here, rather than running from the difficulties, dreaming of that stress free place that just doesn't exist. For this experience I am truly thankful.
Community, joy, hope.

Saturday, 23 November 2013

Free Market System – Some Uneducated Speculations.

I say these are uneducated because I really don’t know much about the free market, but I learned some things today, and this is my push back:
Unprofiting endeavours
Children
Profit motivation
And workers.

There are some things which do not create a profit even though they are worthwhile endeavours.  I found out today that my uncle had a cancerous polyp removed so a thought that came to me is cancer research.  One could spend their entire life searching for a cure, find things that point other researchers in the right direction, but ultimate find nothing they can sell. 
A similar concern I have is with Children.  I think they should all get equal opportunities.  I hope they can all have quality education. 
I think in the ideal free market, teachers and researchers would be funded by donations of the people.  It would be neither force nor coercion that made people pay taxes to the system, but out of freewill and goodness people would donate to such noble causes.  Sounds great, but what if people don’t donate very much?  Is it right for a researcher to struggle to get by because people give him little support?  Or what if he takes a pay cut to get cutting edge technologies.  Worse even would be if the leading researchers and top teachers gave up their jobs to become dog trainers because it made them more money.
I think profit motivation is ugly.  It seems to suggest that more money brings more happiness.  I doubt this is the case.  I am not alone in this doubt:

(but how can one measure happiness?)
It seems criminal to me for a society to function by profit motivation.  Perhaps I am unrealistically optimistic in believing motivation could happen any other way.  However, Seeking more money is akin to seeking more stuff in a world of limited resources.  Th more I take for myself, the less there is for others.  As Walter Rauschenbusch wrote in Christianity and the Social Gospel, “The rule of trade, to buy in the cheapest market and sell in the dearest, simply means that a man must give as little to the other man and get as much for himself as possible.  This rule makes even honest competitive trade – to say nothing of the immense volume of more or less dishonest and rapacious trade – antagonistic to Christian principles.  The law of Christ, wherever it finds expression, reverses the law of trade.  It bids us demand little for ourselves and give much service.  A mother does not try to make as rich a living as possible, and give minimum of service to her children.  It would be a sorry teacher who would lie awake thinking how he could corner the market on education and give his students as small a chunk of information as possible from the pedagogic ice-wagon.”  I have a hard time meshing the profit motif with love, generosity or compassion.  Profit maximizing often leads to exploitation.
Two things were mentioned today that I have a hard time reconciling.  “No minimum wage” and “do no harm.”  Let’s face it, people in difficult situations will be willing to work for exceedingly little.  Humans enter into exploitative environments because they feel they have no choice.  Desperation will lead one to work 14 hours a day in unsafe conditions with the hope of feeding the children, even if nothing is left for oneself.  Just because someone, by choice, enters into an exploitative situation does not mean they deserve to be exploited.   Such situations are harmful.  If someone if doing valuable work, they deserved to be paid a minimum wage.  They deserve to eat and feed their family and have a place to live.  To pay them any less is harmful, it’s ugly.  While our system is not free today, such situations still happen.  A successful way of lowering costs (ergo increase profit) is to pay your workers less.  If people can get away with paying their workers less, they will, even if their workers are worth more.  In my estimation, a free market without regulations ensuring the rights of workers to earn a fair wage will exploit the poor for profit.

As mentioned above, I don’t know tons about the free market ideal.  These are just some of my hesitations based on my (mis)understandings.  Please, push back.