Alexander Sharov’s Post

Here is the first economic law: "Money + new debt obligations = goods + new goods = income + profit". This profit formula works everywhere and always where there is a social system. Details here https://lnkd.in/d9mKcc4K

#Mondayreflection What are some factors that restrict #economicgrowth in a country? ⚡ Lack of appropriate institutions and a poor legal and political environment restrain #growth, especially in the #developingcountries. ⚡ Factors such as internal #competitivestructure; poorly developed #financialmarkets; a country’s openness to #trade; and its #politicalstability, #propertyrights, and rule of law can influence #innovativeactivity and economic growth. In times of #slowgrowth here are some possible actions to be taken: 1️⃣ Crying and critize the government 😭 2️⃣ Train yourself to saving and investing your money 🙂 3️⃣ Start your business and explore new opportunities 🏋♀️ What option would you choose? Leave me your #comments! 👀

What are the social and economic benefits of trusts? In our Trusts Information Centre is our report into the ways in which trusts can be, and are, used for wider societal benefit. Download the report: https://bit.ly/3LWbGRl #STEPCPD #Trusts

Rt Hon Rachel Reeves: from my perspective, there is a great deal to respect and admire. I recommend this podcast to those interested in both UK politics and the economy. I am a great admirer of Rory Stewart as a politician, academic and commentator. However, I strongly disagree with his criticisms of her performance and approach in this interview. A successful Chancellor primarily needs to have the ability to develop and implement economic policies and lead the Treasury. Conversely, they do not need to be able to lead the debating society at Eton or Winchester. I would take aptitude and character in a politician over presentation skills. The NHS, one of the largest employers in the world, is hugely challenging to fund and manage. However, her core message about a focus on growth is the main viable alternative to the current economic dilemma. The UK has a range of characteristics and qualities that could once again make it important both geo-politically and economically. The UK benefits hugely from the common law legal system, a stable political system, world-class universities and the protection of being an island nation with no common borders. While I was not a supporter of Brexit, it has to be accepted, and any UK government must develop policies and strategies that deliver growth based on the current framework. I would ask people to have patience with Rachel Reeves and the likely new Labour government. In 45 years, she has accomplished an awful lot and appears to have the intellect and character to develop the policies and implement the meaningful change that is necessary for renewed growth in the UK. As an investor, there is a strong possibility that the UK will become a more attractive market from here.

Concerned about economic justice? Economic equilibrium is the power that brings it about. All economic intervention is unjust.

Is more regulation really the answer? Is a bigger government better? Do politicians know how to run your business better than you do? Do you need more rules to abide by? What is 'fair' anyway? When I hear these terms and the belief that 'fair' is something you can measure; an outcome you can determine, it makes me very agitated. You can't. Yet we want 'fairness' in the system. 'Fairness' in the world. Sorry folks, there's no such thing as 'fair'. You have to make your own 'fair' and ensure that you educate yourself and grow to learn what your rights and freedoms are, and yes protect them with the weight of the law! Further regulation is further taxation. This we DO NOT NEED. The UK GDP is already at incredibly low growth levels, and teetering on the edge of another recession. We need to help businesses grow and expand. 'A rising tide lifts all boats' as JFK once famously said. When did we lose that belief that growth and trade can be our ticket to freedom? When did we decide that we we have to impose 'fairness' and further regulation to achieve the best outcomes? This is a socialist idea that ends up the way of all socialism - in a collapsing economy where everyone struggles and no one is happy. As Maggie once said 'the problem with socialism is that eventually you run out of other people's money'.

Nice article by John Carlisle on MMT - which is not really some modish and wildly radical theory - it is just a recognition that the management of money creation (and desctruction) is a basic task of good government, critical to the economy and progressive social values. The challenge is to rescue ourselves from private capital systems that merely generate debt and redistribute resources to the wealthy. https://lnkd.in/ewMn_VVy

"The true fact is that we need a moral – profound systemic shift. If we look to the root causes of the injustice – and face the economic system we all live in, we must recognize that it has distorted all relationships into financial or material transactions. As stated in the book, this economic model can only thrive when we are abusing nature and people. It requires a severe power imbalance where certain small groups of people win and the others lose. This is in fact a losing model. A transformation is required – because we cannot continue in the same system – and the good news is that alternatives exist! Catholic social teaching – especially recent teachings by Pope Francis – Laudato Si' and Fratelli Tutti – remind us not only of the interconnectedness of all things – all crises – human and non-human, but also our interdependency – how much we need and belong to one another. This makes us responsible for all that we do – how we look at each other, value each other, and treat each other, and how we look upon, value, and treat Creation as a whole. [Josianne Gauthier, CIDSE Secretary General at the Righting the Economy book presentation, organised by ACT Alliance, Eurodad - the European Network on Debt and Development and Financial Transparency Coalition]. ℹ️ More info: https://lnkd.in/ewVX9hNq  

“The economic miracle that has been the United States was not produced by socialized enterprises, by government-unon-industry cartels or by centralized economic planning. It was produced by private enterprises in a profit-and-loss system. And losses were at least as important in weeding out failures, as profits in fostering successes. Let government succor failures, and we shall be headed for stagnation and decline.” -Milton Friedman #liberty #economics #government #politics #business