The Problem with Economics

The problem with economics is that it is a lie.

It is a lie followed by the inability to answer the most basic question.

Superlative Phrases

the most basic question
the most basic of questions
the inability to answer the most basic question
the inability to answer the most basic of questions

At high school I was taught economics from a textbook called “Brown’s Student Economics”.

Exclamation

What a pack of lies!

This: “!” is an exclamation mark.

It adds force and intensity to your statement.

Definitions

In volume one of Brown’s book, which every school child who studied economics had in his or her bag, there was a definition of man.

Man is a creature with unlimited wants.

Then a definition of economics.

Economics is the science of satisfying man’s unlimited wants with the limited resources available (on earth or off it).

This picture of humans as insatiable animals that must consume is the crisis of identity that we must identify and resolve.

We are not insatiable animals.

Identity and Freedom – a crisis and a choice

We are humans.

As humans, we are part way between animals and angels and we can evolve upwards towards spirituality and intelligence and love and light or downwards towards egotism, selfishness, darkness and annihilation.

We can evolve upwards or we can evolve downwards.

Will and Do

Man is a spiritual being. Humans are spiritual beings which have incarnated in human bodies.

Will we incarnate again after this physical body dies?

Will you?
Do you want to?

Economics does not answer the basic question of economics:

Why is it that there is enough to go around five times yet five per cent consume eighty per cent of the wealth and forty per cent exist in poverty?

The Big Five – what we need

food, clothing, shelter, health, education

Transport and entertainment are closely connected.

The Total Product – the whole thing – what we have

world gross product – total value of world production – world GNP – world GDP

Divide the total product by the big five and you get enough to go around five times.
We could feed, clothe, house, educate and medically treat every human five times over at least with the resources that we have.

But we have not done it. It has not been done so far.

the reason why it is a failure
the reason why it has been a failure so far

The answer is political.
It is a political problem.
It is not an economic problem.
It is a political problem.

Existence Phrases – Inability to solve a Problem

There is a lack of will.
There is lack of political will.
There is lack of people who want to do something about it.
There is lack of people who will do something about it.
There is a lack of people who can do something about it.

Economics tells us that we have enough to go around but the political problems of the world make us hoard and waste and limit and we cannot share. It tells us that there is an insoluble problem and it refuses to tell us the answer to a really basic question. At least that was my experience. No teacher could explain it to me. No parent of any friend could tell me the answer.
Nobody could answer my question.
Nobody was able to answer my question.

Where does money come from or more precisely “how do you start a money system?”

In the beginning when there was no money, how do you start a monetary system?

Gold

People say use gold to back the money.

But we don’t use gold to back paper money nowadays.

How can a system of paper money start?

Nobody could answer the question.

The reason is because nobody will look at that embarrassing fact.

Phrases – Present Participle as Adjective and Relative Clauses

an embarrassing fact
a somewhat embarrassing fact
an embarrassing fact which is never mentioned
an embarrassing fact which is not usually mentioned
an embarrassing fact which is usually not mentioned
an embarrassing fact which is often overlooked
an embarrassing fact which is usually overlooked
an embarrassing fact which is always overlooked

THE PERSON WHO SETS UP THE MONETARY SYSTEM HAS AN INCENTIVE TO MAKE IT BENEFIT THEM.

Bankers like money.

The dentist is happy when he sees a cavity.

Idioms with Money

They like to line their pockets.
They like to line their pockets with money.

They like to make money.

They like to increase their cash flow.
They like to increase their stock of property.
They like to increase their stock of property and cash.

They like to get richer.
They like to get wealthier.

Re-iterating a Point

That is what they like.
That is what they do.
That is what they like to do.
That is what they have always done.

The Origin of Money

So where does money come from? What is the origin of money?

The monetary system as we know it at the moment started in 1913 and was changed a little in 1933.

It is run by a private bank.
It is operated by a private bank.
It is managed by a private bank.
It is administered by a private bank.
It is controlled by a private bank.

It is based on the Great Depression. It is based on the system that was created to pay off loans from the Great Depression.

The system was created by bankers.
It was created by the same bankers who manipulate markets.

I think economics is a lie followed by the inability to answer the most basic of questions:

It gives a false definition of humankind then it does not explain the reality of the origin of money.

It is a lie followed by the inability to answer the most basic of questions.

What is economics?

So what is economics?

I went on to study a rainbow of views of economics:

Marxist economics (Das Kapital),
Buddhist economics (Small is Beautiful)
Bhutanese economics (gross national happiness)
economic philosophy
micro-economics
macro-economics
commerce
business
accounting
mercantile affairs
industry
the market

Market and Business Vocabulary

It all comes back to the market. Link to The Market Page

We are taught that the market is good and we must overcome our natural impulses and inclinations to foster a sense of community and share in order to make money. We must pretend that fair is foul and foul is fair.

The famous economist John Maynard Keynes sad:

We must pretend that fair is foul and foul is fair.

Do you think that is good advice?

Write your answer in the comments section at the bottom.

Economic Philosophy – Adam Smith

Another economic philosopher is Adam Smith. He said:

There is an invisible hand.

If we act in our own interests to increase our money, then an invisible hand will guide the market to make it all fair and just for everybody?

Do you believe that?

The market is manipulated.
The only hand that controls the market is the hand of Rothschild.

The problem with economics is that it is a lie designed to obscure the truth of economic reality. We are all controlled by the financial system.

Expanding Drill

We are controlled by the financial system.
We are all controlled by the financial system.
We are all increasingly controlled by the financial system.
We are all ever-increasingly controlled by the financial system.

We are all more and more controlled by the financial system.

Economics and Politics

So what is the connection between economics and politics?

This is called “Marxist economics”. It is taking note of the fact that economics influences politics.

It is not that the system of relations between men gives rise to a certain type of economy.

Freedom leads to capitalism.
Totalitarianism leads to communism and planned economies.

That is a lie. It is just propaganda. The truth is that:

It is the system of economic relations between men that causes the system of political relations to exist.

Noun Phrases

This embarrassing fact.
This fact of life.
This unfortunate reality.
This uncomfortable fact.
This unavoidable reality.

Conditionals

The dentist is happy when you need a filling.
The doctor is happy when you are sick.
The teacher benefits when you are stupid.
The lawyer gets rich when you are in trouble.
The builder benefits if your house falls down.
The salesman likes you if you buy his stuff.

We all rely on the people and institutions around us so we have to have smooth political relations and a system of communication so that the supply of goods and services is not disrupted and the business of life is not disrupted.

Idioms and Metaphors – Money

It all runs on money.

Money is the oil.
Money is the grease.

Money is the oil that turns the wheel.
It is the grease that keeps the engine running.

It keeps the engine running.
It keeps the engine running smoothly.
It keeps the it running smoothly.
It keeps it running.

A Cynical View

Does this sound cynical?
Does this sound cynical to you?

It is. Economic theory, all economic theory is based on the view that economics is important and that economics encompasses life.

Phrases – General Statements

Economics does not include every aspect of life.
Economics does not have power over life.
Economics cannot control life.
Economics cannot contain and include and describe and regulate life.

You cannot put a monetary value on everything.

Expanding Drill

But that is what it is doing.
That is what it is trying to do.
That is what it is actually doing.
That is what it is actually trying to do.

If you study economics and think from the point of view of economics and development, then everything becomes monetized.

Everything becomes monetized.
Everything has a value put on it.
Everything becomes a part of the monetary system.
Everything is included in the monetary system.

Expressing Agreement and Acknowledging Agreement

You may say that is OK.
You may say that that is OK.
You may say that that is alright.
You may say that that is to be expected.
You may say that that is just to be expected.

But look deeper.

Look a little deeper.
Peer a little closer.
Examine it more closely.
Look at it more closely.

Come a little closer now.

Everything has a value.
Everything has a value put on it.
Everything has a monetary value put on it.

If everything has a monetary value put on it, then it can be spoken of in context with other things and compared to other things and interchanged in the mind with things of equivalent value or more or less value according to the market.

things of more value
things of greater value
things of the same value
things of equivalent value
things of less value
things of lesser value

The act of putting a monetary value … not just acknowledging the value or worth of something .. but the act of putting that figure on it, allows the thing or quality or whatever it is to be spoken of as the figure in other contexts:

It allows it to be compared.
It allows it to be evaluated.
It allows it to be discussed in abstraction.

Linguistics – Naming and Context

If a thing has a value put on it, then in the realm of the mind it enters a new context. The territory has become the map. The human being has become the document or the contract. The thing has become exchangeable.

Things change in the mind first. Then they become reality. Putting a figure on an immaterial unquantifiable phenomena allows accountants and economists and finance ministers and CEOs to manipulate that quality or thing as a concept and slowly erode it.

Some things should not come into the market.

Notes on Asset Theft

THEFT OF PUBLIC ASSETS

Theft of Public assets takes place by means of a three step process:

naming and containing – defining

valuing and assessing – monetizing

trading and exchanging – theft

This process can be nipped in the bud by eliminating the first step which takes place when incorporation takes place. The first step in the process is insurance to prevent public liability and this leads to incorporation and registration. The naming and registering of an entity creates an abstract entity then that entity systematically replaces all the functions and identity of the thing it replaced or named and is eventually traded and broken up or amalgamated with other entities as assets.

Any organisation private public charity sport etc is compelled to incorporate.

1. get insurance policy to prevent public liability
2. register group as corporation in order to get insurance policy
thus
3. introducing framework of president treasurer etc

ie framework of organisation ultimately dictates outcomes

Structure dictates Outcome

A committee of paid servants will deliver as expected to deliver – in favour of the hand that feeds them.

The idea of budget rather than kitty and donations leads to paid positions for employees and assets acquisition (trucks and buildings) and the idea that profit and development are good.

The new mens group will be monetized and make a loss or a profit entailing raids by bankers or managerial executives.

The outcome either way is sale of assets and loss of functions.

The enemy is the idea of development as growth and growth as a monetary item.

The solution is to resist registration and incorporation and naming by commercial legal entities and to investigate these entities and expose them.

Vocabulary (Lexicon) – Business English

Now we enter a new realm of vocabulary. Look at these key words:

charges
commissions
costs

running costs
maintenance costs
upkeep costs

development costs
implementation costs

expenses
accommodation and food
travel

travel expenses
living expenses
a living allowance
a daily living allowance

The fact is that economics cannot contain all of life in its totality but by putting a monetary value on things it seeks to do this. It seeks to put a value on all things and make them exchangeable in the market and this is done in the name of freedom.

This desecration and destruction and rape and erosion of morality and dignity and spirituality is done in the name of freedom.

THE FACT IS THAT ECONOMICS CANNOT CONTAIN LIFE BUT BY PUTTING VALUES ON THINGS WE ARE CONTAINING THEM IN THE PARADIGM OF ECONOMICS WHICH SEEKS TO CONTAIN ALL THING AND PUT VALUES ON THEM IN THE SERVICE OF THE MARKET. ECONOMICS IS RULED BY THE MARKET.

link to the market page

Norman Dodd and the Education System

Norman Dodd found that we are being dumbed down by so-called charitable organizations which fund textbooks and worldviews like the one in “Brown’s Student Economics” so young people are taught in school and in the media that they are insatiable animals with many wants and desires and they will grow up to consume lots of resources and they will not be surprised when the natural environment and the dignity and nobility of human culture and human achievement is reduced to something that is for sale in the market place because money is the great medium and the market is the great arbiter (judge).

Family and human relationships mean less and life. Everything is interchangeable. Everything is for sale. You are free to buy anything if you have enough money. But who controls the money?

link to Norman Dodd

Are you being dumbed down?

World English Course

There are lots of things you can learn in the World English Course. There is a place where you can talk about work and there is also a place where you can find a job and a place where you can find staff. There is a place where you can have fun and there is a place where you can talk about food or family. There is also a place where you can talk about money or love or philosophy. You can study anything you want anytime you want. You can do it once a week or every day or any time you like. Have fun! Work hard! Tell your friends and family members! Enjoy!


Link to conversation about economics and money in New York.

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3 Responses to “The Problem with Economics”

Read below or add a comment...

  1. Saleh says:

    You are great. Your way of teaching is truly thrilling.

    Please correct the typo in the word “annihilation”

  2. Shovit Khadka says:

    I am happy to go through the reading stuff emailed by you. This sort of stuff is truly helpful to collect knowledge and information about diffrernt fields. Thanks a lot.

    Shovit

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