WEBCommentary Guest

Author: Kamu Budhathoki Sarup
Date:  August 5, 2018

Topic category: 

Strong economic growth is important in a democracy

Published in Nolanchart.com

A good economic system features selfish incentives for creative and hardworking people. It is a system where selfishness benefits both the producer and the consumer, since the latter is the final arbiter of what is sold, as "the consumer is king." Since a bad economic/political's economy will lack adequate incentives, its workers will not produce well.

Furthermore, in the good economic system endeavor to provide jobs for everyone, labor costs will not escalate, thus making prices competitive in world markets. Therefore, the economy will be competitive, and it will be able to import goods and services in sufficient quantities. The result will be that its people will continue to be rich.

Another problem with bad economic/political system is their lack of providing incentives to the people. It has been shown time and time again that people will not work hard when the product of their efforts mainly benefits others rather than themselves. People are selfish in this way. However, we know that we need the intellectual and physical labor of people in order to benefit the community.

If bad economic/ politicle system succeeds, the subsequent history of this beautiful world is likely to follow the history of many countries that adopted bad economic/political system for a while, only to reject them later, after their failures became obvious. The governments of many countries have adopted bad system as a strategy. All have failed.

To develop economically, one must have something worthwhile to sell to the people of other countries.

Therefore, we have to build an infrastructure including electric power, communications, water supply and transportation, as well as provide education. This takes time and money. Therefore, after some success, the people would continue to be rich.

Eventually, the general population would become so satisfied with good economic/political system. The people would be better off than before.

Kamu Budhathoki Sarup
http://mediaforfreedom.com/ (http://mediaforfreedom.com/author/kamala-budhathoki-sarup)

Biography - Kamu Budhathoki Sarup

Journalist and editor Kamala Budhathoki Sarup specializes in reporting news and writing stories covering Freedom, Peace, Public health, Democracy, Women/Children, development, justice and advocacy from her location inside the United States. Human rights, anti-terrorism, and economic development are also part of the work. She is an editor for mediaforfreedom.com. (To promote freedom, democracy, anti-terrorism, Literature, women rights, public health, peace and empowerment (http://mediaforfreedom.com) has a strong role to play). Its activities support in societies undergoing crisis and changes. Ms. Kamala Budhathoki Sarup has also written numerous reports which includes "Women's Empowerment", Prevention of Trafficking in Women Through Media," and "Efforts to Prevent Trafficking for Media Activism." You can see her work online now via her website http://mediaforfreedom.com/. Kamala is a regular contributor to Cape May County Herald. Kamala also was a regular contributor to UPI- Asia News. She also published two Stories collections and several poems. Her interests include philosophy, feminism, political, socio-economic and literature. She also is experienced in organizational and community development. http://mediaforfreedom.com

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