Economy Thoughts
What do you think the entire World’s 100 economic priorities should be?
If economic means anything to do with money, needs, buying goods and services, material items, government services, the economy, etc.?
What do you think your local region’s 100 economic priorities should be?
You might only be able to name 4-10, but these give you an idea of what matters most and what matters more, out of all potential goals.
Have a look at the column on the right for examples for what could potentially be prioritized the most.
Let’s suppose there are a hypothetical 100 economic priorities (although we only know a few of them), and we think that preventing recessions is usually the most important goal (because it prevents a lot of other flow-on effects).
We can do this for the World or for our local region.
Then suppose there are 100,000 mini-solutions, that, when combined, reach perfection on all 100 of the priorities. Some will be large %s and some will be small %s.
We should also remember that some of the solutions, combined with the others, will make things worse. So we should try and create mini-solutions that we are confident enough will mix with the other solutions for the better. We can also create ‘super-solutions’, which are made up of a lot of other solutions and are way more effective.
So what are ways to apply the above?
There is a figure of speech ‘there is no quick fix’, and this is applicable here. However, each of the 100,000 solutions will move things forward, many solutions will merge, and, built on the understanding of previous economic solutions, we could even end up with two ‘super-solutions’ that are 50% and 40% solutions, and the rest of the solutions are mini-solutions.
You could apply this to the world, to a specific economic problem, or to your local region.
Let’s start by trying to apply it to the world…
What are 5 potential solutions and are they good enough to be part of the best 100,000?
To create these, how many solution stimulators do you need? You could research up to 20…
Examples of what could matter in terms of World economic goals could include:
Preventing recessions (and economic growth), which cause a lot of flow on effects, especially downward spirals
Fixing world poverty
The ability for each family or group to pay for most of their needs and wants
The ability for governments to collect enough tax to do their job properly
Governments being effective, ethical and efficient- because they are spending taxes
People working in ‘Level 20’ jobs- i.e. jobs that pay highly enough AND are safe AND are not too uncomfortable AND are interesting AND are good career fits for that person for 1 year, 5 years, 10 years, AND let that person help the world etc.
People working in at least ‘Level 7’ jobs and AT LEAST in ‘Level 4’ jobs… i.e. meets basic monetary needs, safe, not too uncomfortable, meets some wants, etc… i.e. the whole world meeting this
If you look at the Sustainable Development Goals, you will find No Poverty, plus 5 areas that families & governments with enough taxes need to cover- zero hunger, affordable clean energy, clean water, quality education, good health and wellbeing.
Some of the above can also be made cheaper by increased supply- if more businesses provide these, competition will push prices down
Industry, innovation, infrastructure
Decent work- creating work shouldn’t be just about money, it should also be about providing safe, interesting work with qualitative benefits where people can contribute more
Responsible consumption and production- e.g. individuals and organizations should work to reduce climate change emissions, waste and pollutants when producing and consuming goods and services; this is both part of the environment and economy sections
