28 QUESTIONS FOR ECONOMISTS
Will someone dare to answer?
Author: Jozef Stasík, Slovakia, e-mail: info@belgof.com
The 28 questions are intended to motivate the most respected economists to offer their views and solutions. It is also an appeal to their responsibility to society. Society has never needed economists more than today. I would be grateful for any response that might help in today's situation.
It seems that Brexit was not a warning. The majority of Brits clearly did not think they were living in prosperity. If economists continue to refuse to see reality and offer no new solutions to politicians, we face serious consequences. Electoral victories for ever more extremists and exotics and crime at the level of Central America. Many countries have already had their first experience of this.
1. Why doesn't an open market economy bring prosperity to all?
2. Post-communist countries have implemented all market reforms. Why, after 30 years, is their economy not at the level of, for example, Austria?
3. East Germany introduced all market reforms + got 2 trillion euros. Why doesn't it work?
4. Do economists have a formula for a prosperous economy that will applies in every country of the world?
5. Does the economy serve the people or the people serve the economy?
6. How to eliminate homelessness?
7. How to eliminate poverty?
8. How to eliminate unemployment?
9. How to prevent the depopulation of regions?
10. How to ensure prosperity in each region?
11. Should robotics and automation bring benefits to all?
12. Is GDP the best indicator?
13. Can we find an indicator to show the true level of welfare of citizens?
14. Why has competition - price cutting - stopped working?
15. Does lowering the cost of credit help the economy? Will a firm take a loan just because it is cheap?
16. Have stock markets become a Ponzi scheme?
17. Is it right to corrupt investors with tax breaks? How to bring manufacturing to poor areas?
18. Where are the trillions of euros from the ECB's quantitative easing (€10,000 per resident)?
19. Is the economy functioning properly when most of its entities are in debt?
20. Is it normal for people to repay a mortgage all their productive lives?
21. A consumer can buy goods from all over the world. Where he will get the money for his purchases?
The market is a competition. And competition has winners and losers.
22. The winner is Western Europe, the loser is Eastern Europe. - The losers are the poor areas of Italy, Spain, France. Has the EU learned its lesson?
23. Banks are the winners, health, services, farms are the losers. - What does society need more?
24. The winners are managers, the losers are creative workers, health workers, labourers, social workers. - Who does society need more?
25. Winners are companies, losers are consumers. - Why doesn't competition and price cutting work?
26. Investors are the winners, employees are the losers. - However, the company consists of employees.
27. The winner is business, the loser is production. - But the product must be produced.
28. Health insurance companies win, hospitals lose. - Do we really want these rules of competition?
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