What can we do as individuals to help the economy?
How much do we need?
Individuals who sincerely want to find ways to make the economy better could study the subject matter of economics in detail. Economics is not just about money. Economics is about how to satisfy unlimited needs an wants with scarce resources. Money is just the median of exchange, I find that too many people confuse the mean with the ends. Case in point if I am hungry and I need to eat and I have a garden that produces enough fruits and vegetables for me to sustain myself it it not the money I need it is the food. I would just have to have the time to take care of the garden.
People really need to realize that there are over 6,000,000,000 people on this planet and there is enough food to share. There is enough water to share, and if we focused on working together better as a human species then we could provides enough shelter for all people over time. Once people have their basic needs met then they are easier to reason with and educate.
What we have is mismanagement in this world. When people waste in abundance and hoard resources while other go without we create problems that will eventually manifest in the society. I mean world society not just America. We need to do our best to not waste what we have and learn to share. Car pooling for example is one great way to maximize the utilization of resources. Recycling paper, cans and bottles is another way to help the economy and the ecological system simultaneously.
Globalization is here people need to awake and internalize the fact that we share this planet. Companies will hire people willing to work and pay them less for the best interest of the company, law of demand and supply. The companies will get people who are grateful for the opportunity and those people are likely to be loyal to the company. This is the reality.
Individuals with idle resources should be encourage to either distribute freely are at least loan with lower interest rate. I am amazed at how many cars some people have, I would love to see them drive them all at the same time. How much clothing and how many shoes some people own. On this planet there is too much greed and hoarding that is why the "economy" is " bad" because those are harmful actions. As individual all we can do is our part not to engage in those activities. The bottom line is you cannot take it to your grave, and if you do eventually some will rob your grave, history has shown that to be fact.
Over 6,000,000,000 people on the planet and this is information I am finding.
"Socially and economically, we have created great disparities of wealth. A minority of the world's population (17%) consume most of the world's resources (80%), leaving almost 5 billion people to live on the remaining 20%. As a result, billions of people are living without the very basic necessities of life - food, water, housing and sanitation
Specifically, 1.2 billion (20%) of the world population now lives on less that $1/day, another 1.8 billion (30%) lives on less than $2/day, 800 million go to bed hungry every day, and 30,000 - 60,000 die each day from hunger alone. The story is the same, when it comes to other necessities like water, housing, education etc. On the flip side, we have increasing accumulation of wealth and power, where the world's 500 or so billionaires have assets of 1.9 trillion dollars, a sum greater than the income of the poorest 170 countries in the world."
When I was in college studying economics I was amazed from studying how the currency system actually works. How closely economics relates to politics, religion, culture, government, the environment etc is fascinating.
Then as I got older I came to this conclusion: Food, water, air, shelter, good health and peace of being is all one should need to be happy. Anything other than what is listed is a want not a need, and to get what you want you must be willing to work for you desires. This applies on an individual level as well as sociological level.
Thank you for you time
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- 2Faith without work is useless. The Faith should give yout the strenght to make the needed improvements.
Just believing and not taking action is not they way to make the best manifest. It takes hard work and determination as well as faith to make the good life happen.