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.

a joyous ascent from joy to joy

reflection
a joyous ascent: Nehemiah 12:27-43

A joyous ascent
poetry alone cannot reveal: a poetic study on Nehemiah 12:27-43 our words and pictures and the light

Come
assist
celebrate
Priests singers musicians leaders people
Large choirs all
Ezra the writer for God leads
I follow

Joyous thanksgiving
with cymbals harps and lyres
ready singers all around
All to sing
rise to top
marching south and marching north
to water gate
to guard gate
congregate

At the Temple of our God
take your places
so do I
choir director to direct
play and sing
at full blast

For God has given
His people cause
great joy with many joyous gifts
families old and young women and children none left out
participate celebrate

Filled with pure joy
far and near
shore to shore
heart to heart
be blessed

another attempt: the windows are open

from where we stand, on this street, the windows are open

windows are open
blue screen: windows open

windows of opportunity
open daily
to hearts that tally
and not give up

patiently
perseveringly
waiting for the break

dawns always break
at the first ray of light

come alive
a call
so still and quiet
yet you hear it
high and wide

many years ago
he heard
and passed it by

now the call
again so faint yet vivid
come alive
at this first ray of light

the windows are open
from where you stand

beloved, this day you shall not fly alone (updated)

new life2018-02-17

this day I shall not fly alone
with new hope and not forlorn

living
dreaming
planning
parting

leaving behind
my depressed mind

stepping ahead
as my spirit heard you said

do not fear
for I have wiped away your every tear
go forth
as I have come forth

behold
here is My heart
as always of old
ever
never
leave

beloved
you are loved
so deep

so Sweet
this day you will not fly alone

Note added: a famous Christian man who lived for 99 years and is known to perhaps millions in this world died on 21st February 2018 . This poem was written and posted on the 16th five days before that day while fasting for Lent.

A DICTIONARY FOR NAVIGATORS ON SPIRITUAL ROUGH WATERS 45: Promises (and Shield)

psalm 18:30
Today’s words are PROMISES (and SHIELD).
The wise poets in ancient days declared:
About God: He will shield you with his wings! They will shelter you. His faithful promises are your armor. (Psalm 91:4)
To God: You are my refuge and my shield, and your promises are my only source of hope. (Psalm 119:114)
I have thoroughly tested your promises, and that is why I love them so much. (Psalm 119:140)
I stay awake through the night to think about your promises. (Psalm 119:148)

The wise prophets looked into the future and proclaimed:
About What God has promised: “And all nations will call you blessed, for you will be a land sparkling with happiness. These are the promises of the Lord Almighty. (Malachi 3:12)
Prophet Daniel’s prayer: “O Lord,” I prayed, “you are a great and awesome God; you always fulfill your promises of mercy to those who love you and keep your laws.” (9:4)
God likes those who keep their promises: Proverbs 12:22
God delights in those who keep their promises and abhors those who don’t.
Prophet Isaiah knows all about how God’s promises can come true:
So the Lord must wait for you to come to him so he can show you his love and compassion. For the Lord is a faithful God. Blessed are those who wait for his help. (30:18)

Here are some Bible verses from the New Testament on “Promises” for meditation and receiving by faith!
Romans 5:1
So now, since we have been made right in God’s sight by faith in his promises, we can have real peace with him because of what Jesus Christ our Lord has done for us.
2 Corinthians 1:20
He carries out and fulfills all of God’s promises, no matter how many of them there are; and we have told everyone how faithful he is, giving glory to his name.
Galatians 3:29
And now that we are Christ’s we are the true descendants of Abraham, and all of God’s promises to him belong to us.
2 Timothy 2:13
Even when we are too weak to have any faith left, he remains faithful to us and will help us, for he cannot disown us who are part of himself, and he will always carry out his promises to us.
Romans 11:29
For God’s gifts and his call can never be withdrawn; he will never go back on his promises.

The Power of the Holy Spirit is our shield today!
Galatians 3:5-7Living Bible (TLB)
5 I ask you again, does God give you the power of the Holy Spirit and work miracles among you as a result of your trying to obey the Jewish laws? No, of course not. It is when you believe in Christ and fully trust him.
6 Abraham had the same experience—God declared him fit for heaven only because he believed God’s promises. 7 You can see from this that the real children of Abraham are all the men of faith who truly trust in God.

A DICTIONARY FOR NAVIGATORS ON SPIRITUAL ROUGH WATERS 44: the power of Grace

2 Peter 1:2Today we again read the letter G from the Book. GRACE is today’s word. The spirit-mind man used to think of grace as a weak word and avoided it until one day when he was struck (metaphorically) by it and was caught up into a realm he had never encountered before, like being suck up into a whirlwind or like being hit by an invisible lightning rod as he lifted up his hands to worship. It was just an ordinary Sunday morning but his life was never the same after that supernatural invisible encounter in his spirit.

This is what the spirit-mind man discovered about Grace.

A supernatural power that can only come from the Almighty God.
An inexplicable sense of being immensely loved by Him.
An indescribable perception of being in the presence of His absolute goodness, faithfulness, mercy, and loving kindness, resulting in total peace and great joy.
It opens into the spiritual realm (in the Christians’ experience, an intimate relationship with God just as Jesus has taught His believers).
Some of the resultant feelings, perceptions and actual experiences are listed at random below: security, wholeness, acceptance, being valued and esteemed, favored, lifted up, built up, completely broken down and yet being made re-integrated into a whole new being, complete, honestly and transparency, freedom from fear, freedom from condemnation and judgement, clean and pure, released from heavy burden/oppression/obsession, thoughts of hope and optimism, refreshing, energized, renewed, transformed inside out, made over, re-prioritized, re-focused, re-directed, renewed in youth, rest, peace, love, joy, patience, goodness, kindness, gentleness, faithfulness, self-control, and many more.
The experience is real. It has lasted decades and is still processing and ongoing.

Grace is a power word. It is authoritative, real and strong. And it transforms an individual human life. Here are some random verses quoted from the Bible to illustrate grace:

John 1:14
[ The Word Becomes Flesh ] And the Word became flesh and dwelt among us, and we beheld His glory, the glory as of the only begotten of the Father, full of grace and truth.
John 1:16
And of His fullness we have all received, and grace for grace.
John 1:17
For the law was given through Moses, but grace and truth came through Jesus Christ.
Acts 4:33
And with great power the apostles gave witness to the resurrection of the Lord Jesus. And great grace was upon them all.
Acts 14:3
Therefore they stayed there a long time, speaking boldly in the Lord, who was bearing witness to the word of His grace, granting signs and wonders to be done by their hands.
Acts 20:24
But none of these things move me; nor do I count my life dear to myself, so that I may finish my race with joy, and the ministry which I received from the Lord Jesus, to testify to the gospel of the grace of God.
Acts 20:32
“So now, brethren, I commend you to God and to the word of His grace, which is able to build you up and give you an inheritance among all those who are sanctified.
2 Timothy 1:9
who has saved us and called us with a holy calling, not according to our works, but according to His own purpose and grace which was given to us in Christ Jesus before time began,
Titus 3:7
that having been justified by His grace we should become heirs according to the hope of eternal life.
Hebrews 4:16
Let us therefore come boldly to the throne of grace, that we may obtain mercy and find grace to help in time of need.
Hebrews 13:9
Do not be carried about with various and strange doctrines. For it is good that the heart be established by grace, not with foods which have not profited those who have been occupied with them.
James 4:6
But He gives more grace. Therefore He says: “God resists the proud, But gives grace to the humble.”
1 Peter 1:10
Of this salvation the prophets have inquired and searched carefully, who prophesied of the grace that would come to you,
2 Peter 1:2
Grace and peace be multiplied to you in the knowledge of God and of Jesus our Lord,
2 John 1:3
Grace, mercy, and peace will be with you from God the Father and from the Lord Jesus Christ, the Son of the Father, in truth and love.

Love textures: O my Luve’s like a red, red rose

Textures of red. texture of red
This picture was taken this morning when I saw a glimpse of red in a little park. Whilst this is not a red rose, I would share a touching sentimental poem about red love.

O my Luve’s like a red, red rose
That’s newly sprung in June;
O my Luve’s like the melodie
That’s sweetly play’d in tune.

As fair art thou, my bonnie lass,
So deep in luve am I:
And I will luve thee still, my dear,
Till a’ the seas gang dry:

Till a’ the seas gang dry, my dear,
And the rocks melt wi’ the sun:
I will luve thee still, my dear,
While the sands o’ life shall run.

And fare thee well, my only Luve
And fare thee well, a while!
And I will come again, my Luve,
Tho’ it were ten thousand mile.
A Red, Red Rose

Poet: Robert Burns (25 January 1759 – 21 July 1796)
Biography Summary (Quoted from Scottish Poetry Library online)
If ever a poet understood the character of his nation, he was Robert Burns. The language he was most fluent in wasn’t so much Scots or English – it was the language of the heart. All too human in his personal life, he carried that humanity over onto the page. Nothing was too small or too large to escape his notice, from a mouse in the mud to God in his heavens. A poet for all seasons, Burns speaks to all, soul to soul.

Bible verse on the color red and the love of God:

Colossians 1:13-15 New King James Version (NKJV)

13 He has delivered us from the power of darkness and conveyed us into the kingdom of the Son of His love, 14 in whom we have redemption through His blood, the forgiveness of sins.
15 He is the image of the invisible God, the firstborn over all creation.