Sound Mind Economics #1: “equal right”

Sound Mind Economics and Application Issues #1

Dear Millennials and others: Because I was once your age I know how you currently struggle with many pertinent issues. Why economics? It is the main issue that divides many in this world of “inequality”. I believe when we go deeper in economics we shall find some solutions together.

Today we touch on the issue of “equal right” in the practice of economics.

Economics is neutral. It is a set of principles and concepts that describe the way human “trade” with one another in order to satisfy needs and wants.

The first thing I learned in my school economics is the law of supply and demand. Supply is based on demand. but every supplier has the right to supply to the target customers who are willing to buy his goods according to the supplier-seller’s condition of sales. Similarly, a customer can choose to buy or not to buy based on the same set of condition of sales.

A civil democratic (majority-rule) society normally has sales and purchase agreements with checks and balances based on recognized and legalized laws and practices by the majority of the legitimate legal citizens/residents who have legitimate voting rights of that society. Ideally such a system will ensure that the majority of needs and wants of the majority in the society will be met according to the original social “contract” of gathering together as a legal entity called nation/state.

The issues you may face today come from one predominant source: some individuals want to claim more right than others by demanding exemptions from the set social contract.  

In an economic system without exemption, everyone shall abide with the same terms and conditions of production and sales. You cannot force someone to produce and give/sell their products to you even if you have the required money to buy. The terms of exchange have to be met in full. Your ability to provide the monetary value is only one of the terms of the total sales and purchase agreement.

In a neutral civil economic society, the legitimate owner and seller of the resources, produces, goods and services has a legal upper hand than the person who wants that goods and services. It is therefore a crime to forcibly take what the owner does not want to give or sell to you. You cannot covet another man’s property. For example, I cannot ask you to remove your branded watch or shoes or bag from your possession and hand them to me just because I like to have or need to use them. It will be a robbery subject to punishment.

Similarly, no man can trespass another man’s property. That is what legal boundaries and demarcations are for.

The civil democratic constitution and law of “unadulterated” interpretation and implementation normally protect the right of the majority of the legitimate components of the society.  People in a society can create and/or encounter many social issues because they are ignorant or choose to ignore, misrepresent, misinterpret, misjudge, miss-apply and miss-execute the law.

Does a neutral economic system result in inequality? My question is: “inequality” in what? Don’t you honor patent right for the fruit of the inventor? In the same principle, remember and honor the one who produces a good and service. He has the right to decide to sell or not to sell. To give or not to give. A very simple guide is: do not rob or steal from others when you do not want others to do that to you or your loved ones. What honor and esteem you gain by taking what is not yours?

How then shall individuals who deem themselves as “under-privileged” function in a civil economic society? The group of individuals who form the civil society can come together and agree on some rules and regulations governing the common good in any ethical social system.

Who decides what is common good and what are considered ethical? In a democratic system there are established and tested ways to do this effectively. I believe the common moral and ethical values of a society influence that society’s decision making processes and choices. Normally this is influenced by the worldview of individuals, derived from family culture, education and their religious system. Can experiences and knowledge change our worldview? Yes. Definitely. My advice for the younger individuals is to remain open to views and really go in depth and study and understand economics and ethics. For those who are chronologically young, it is wise to know that the older individuals are learning knowledge and developing wisdom too and many are advancing in an accelerated speed and better focus because of the wider and deeper scope they have already gone through in life.

History has shown that taking without paying the due rewards for any goods and services from one man’s possession to another man has resulted in regression instead of progression of mankind. Such a system results in oppression and depression in which mankind do not feel motivated and challenged to do better for himself and/or the community. Social ills such as corruption, poverty and a general economic depression set in together with crime, abuses, violence, destruction, and brokenness in many aspects of the society. When an economy breaks down, the shortage of funds generated from taxation which otherwise would have maintained, up-kept and even improved the common amenities, facilities and security often results in loss of the general wellbeing of individuals and society.

I would therefore urge you to read economic history in the context of the history of mankind. I would define the history of mankind as a history of economics. The depth and breadth of its knowledge, effective application and faithful unbiased implementation is really the key to maintain, sustain and further advance a civil society.

None of us will be around forever on this earth. We need to know and live with each other through genuine knowledge and cooperation with one another. Many great men and great women had lived before us and left behind tested economic principles, ethics and values which have ensured the effective and well functioning of human community. Their positive contributions have laid a foundation for human to work together peaceably and effectively. The evidence is the sustained and improved general human livelihood despite the exponential increase of the population of the world. Food for thought, don’t you think?

I hope this letter will clarify some thoughts and challenge you to widen your thinking scope. During my writing of this, I too have been challenged and decided to know more and think wider on this subject.

From: a sound-mind-economic being.

Postscript: I will attempt the subject of “ownership” of resources, “wealth” and related “equal right” in my next blog.

What is Wealth?

Wealth measures the value of all the assets of worth owned by a person, community, company or country. Wealth is determined by taking the total market value of all physical and intangible assets owned, then subtracting all debts. Essentially, wealth is the accumulation of resources. Specific people, organizations and nations are said to be wealthy when they are able to accumulate many valuable resources or goods. (Investopedia)

Proverbs 13:11

Proverbs 13:11Wealth gained by dishonesty will be diminished, But he who gathers by labor will increase.

Steve asks, “How can we operate from a position of love?”(Mid-term election live cast)

Guilty criminals experience paranoia
even though no one threatens them.
But the innocent lovers of God,
because of righteousness,
will have the boldness of a young, ferocious lion! Proverbs 28:1 The Passion Translation (TPT)

John 10-1John 10:1 [ The Good Shepherd and His Sheep ] “I tell you the truth, anyone who sneaks over the wall of a sheepfold, rather than going through the gate, must surely be a thief and a robber!

John 8:26 I have much to say about you and much to condemn, but I won’t. For I say only what I have heard from the One who sent me, and He is completely truthful.”

John 8:32 And you will know the truth, and the truth will set you free.”

https://youtu.be/BzxHM2b94es
https://youtu.be/IKa4MFWMGn4

Narrow? What narrow?

Narrow


“Sometimes all you can do is go on. One foot in front of the other, wherever the narrow path might lead.” I quoted this from somewhere about a spy’s narrow/precarious life. In some parts of the world, the ordinary life is comparatively narrow as a routine: narrow food as depicted by the thin corns (for men and for beasts), narrow transport (coach driven by a motor bike!), narrow space (with driver seat shared with a passenger with driver maneuvering the steering wheel with one hand!))and, sadly, narrow faces of many rural young ones who are generally undernourished and petite in sizes below their age.

Is there a choice? I ask as a mere traveler bystander. Can people choose? What kind of people will be able to breakout from their squalid environment and poverty? I know of many who really believe that education can get them somewhere. The parents sell off all they have and even incur huge debts so that their children can go to private college and university. But employment opportunity in foreign corporations remains limited and often has little choice in terms of salaries and benefits. I know of well-brought up, goal-focused youth who charge ahead bravely, studying two tertiary degrees and doing two jobs at the same time, hoping to get a better future! They are going to be the future for their currently small nations.

Are they narrow? No. They have a hope and a future. they are internally open and broad, even when on an external narrow path.

The food, the means of transport, and the physical stature do not make a man what he is. People read about the possible impact on many aspects of lives on earth due to the geographical polar shift. I personally believe that the internal ideology that shapes and drives a man can do more impact to the world than the external environment. I can see examples of more and more intelligent hard working and positive principled goals driven men who have emerged to shape the future of the globe which has become increasingly border-less. The contrary is also true. Those driven by personal greed and heartlessness do great harm to the world as well. The invisible polar shift.

Narrow? What narrow?

Profound

A DICTIONARY FOR NAVIGATORS ON SPIRITUAL ROUGH WATERS 39: MORE WORDS FOR HARD TIMES

hard times contrastHard times are the number one concern to every individual, not to mention those with a family to feed. Hard times means a lack. Lack of sufficient resources. Lack of the usual stuff that we consider constituting physical, mental and emotional security and well being. Increasingly we hear of news of certain economic phenomena that gives us this sense of lack and the resultant loss. Loss of assurance. Loss of peace. Loss of comfort. Hard times means moving away from our comfort zone. Is there a way out? Today we read a word that points to a ray of light. A word of encouragement in hard times.

The word: LOOK. BEHOLD. Look. Jesus said, look.

If we can only see grim pictures, Jesus would not have urged His followers to look. The word “Look” is very pertinent today. Since Jesus Himself has urged us to look, we need to look. But what shall we look at which will counter hard times?

“Behold, a sower went out to sow.” (Matthew 13:3) This is what Jesus talks about when He meets the multitude. The people have come to see what good things He can give them. Free food. Free healing. Free deliverance. Even political and military positions and related material and social benefits. Sure. Jesus is fully capable of feeding thousands of hungry people without charging money. He does not even have to spend money to buy all those food. He just makes them appear out of thin air using fives loaves of ordinary bread and two normal fishes. Jesus is also fully capable of calling down heavenly armies to fight His just war and conquer the evil earthly kingdoms. He has the divine supernatural authority and power to as the Son of God to do what He wants if needed. 

But Jesus does not talk about His power and authority as the Son of God. He does demonstrate them in His healing and deliverance ministry and in His teaching of God’s words about the Kingdom of God. But in general He teaches something else. He talks about everyday living of the ordinary man who encounters hard times as shepherd, fisherman, farmer. He often addresses a common profession: farming. Sowing of seeds for crops. This is the generic profession for all of us today. He speaks of the chances of failure and success in getting a good crop. Some will fail. Some will succeed. Interestingly He does not talk about economic conditions like recessions. He only speaks of one criteria. The soil condition. But others fell on good ground and yielded a crop: some a hundredfold, some sixty, some thirty.” (Matthew 13:8) Jesus also links economic sowing of seeds with the spiritual sowing of God’s words:But he who received seed on the good ground is he who hears the word and understands it, who indeed bears fruit and produces: some a hundredfold, some sixty, some thirty.”” (Matthew 13:23)

Do we need to fear hard times then? The Bible has a classic example of a man who sowed in hard times. Abraham’s son, Isaac reaped harvests of hundred-fold when all others suffered famine. he became very rich because of his sowing in hard times.

This is how the Bible describes his success: (Genesis 26:1-6; 12-14)

There was a famine in the land, besides the first famine that was in the days of Abraham. And Isaac went to Abimelech king of the Philistines, in Gerar.

Then the Lord appeared to him and said: “Do not go down to Egypt; live in the land of which I shall tell you. Dwell in this land, and I will be with you and bless you; for to you and your descendants I give all these lands, and I will perform the oath which I swore to Abraham your father. And I will make your descendants multiply as the stars of heaven; I will give to your descendants all these lands; and in your seed all the nations of the earth shall be blessed;because Abraham obeyed My voice and kept My charge, My commandments, My statutes, and My laws.”

So Isaac dwelt in Gerar.

12-14 Then Isaac sowed in that land, and reaped in the same year a hundredfold; and the Lord blessed him. 13 The man began to prosper, and continued prospering until he became very prosperous; 14 for he had possessions of flocks and possessions of herds and a great number of servants. So the Philistines envied him.

Beware timing: a haiku for a woman of some means

seas of the world

Is this not the time

to seek pleasure and grandeur

NO NOT for self Frau

~~~~~~~~~~~~~~~~~~~~~~~~

Then he said to him, “Did not my heart go with you when the man turned back from his chariot to meet you? Is it time to receive money and to receive clothing, olive groves and vineyards, sheep and oxen, male and female servants?  ~~~~~~2 Kings 5:26
“Take heed to yourselves, lest your heart be deceived, and you turn aside and serve other gods and worship them,

Let us lift our hearts and hands To God in heaven.

Blessed are the pure in heart, For they shall see God.