Shearings

[The Bedlington Terrier]

2,500 jobs gone Balan and I understand from a business colleague in London even the "Theatre trade" is in serious jeopardy.

https://www.hulldailymail.co.uk/news...d-jobs-4158445

[Balanbam00]

I have said Capitalism is dying and will go out like a firecracker! Puff ,puff puu!

2,500 jobs gone Balan and I understand from a business colleague in London even the "Theatre trade" is in serious jeopardy.

https://en.globes.co.il/en/article-t...ing-1001322626

Which will come first: Vaccine or collapse?

Since the current global model is containment until a vaccine is found, which is liable to take a year or more, it is essential to understand that what we are facing could be the collapse of the global economic system, accompanied by huge unemployment, which in liable to bring in train the destruction of the social order that we have known since WWII, with social unrest culminating in mob rule.
Above all, an economic czar should be appointed who really understands the fateful situation and possesses economic management capabilities, with a small cabinet that will be responsible for all activity. The members of this cabinet must on no account be active politicians or academic economists. All of the economic models and past financial theories must be discarded.

In any case, even after the current crisis is behind us, the economic model on which the world's economies and the financial system have developed is going to change dramatically. Every model of values, multiples, investment method, or value of investment in land, will change unrecognizably. Entire sectors are about to suffer damage, or have already been damaged, to such an extent that it is difficult to imagine them really recovering. The write-off of values of the various assets - stocks, land, corporate bonds, etc. - is irreversible.

PROUT's Socio Economic Theory ??

[Balanbam00]

SOCIO-ECONOMIC MOVEMENTS P R Sarkar

http://proutglobe.org/2011/06/socio-economic-movements/

In nearly all countries of the world economically privileged or advanced groups are mercilessly exploiting other economically backward groups and sucking their *****ity, gagging their voice and closing all the doors of their future progress. To overcome this tyranny and exploitation, movements will have to be launched for those suppressed people so that they can stride boldly forward, fight against all exploitation and attain economic independence. Nobody can deny the need of such an approach, of such movements, because such an approach is truly humanistic. If such an approach is not adopted, it be something unnatural and anti-human. In fact, to oppose such movements amounts to working as an agent to protect the interests of the exploitative and reactionary forces.

PROUT always stands for the cause of exploited people, irrespective of race, nation, religion etc., and always opposes all types of exploitation. But as poverty is the main problem in the world today, PROUT gives top priority to opposing economic exploitation, as this affects the livelihood and existence of the people.

To solve this problem and other pressing socio-economic problems, popular movements based on anti-exploitation and universal sentiments should be launched throughout the world. Such movements should oppose all forms of economic, psychic, cultural and psycho-economic exploitation. In addition they should undertake appropriate practical programs to enhance the all-round welfare of the people.
In order to root out exploitation and build a just and benevolent society, the following six points should be borne in mind.

100% Employment for Local People
First, there should be 100% employment for the local people. The basic right of all people is to be guaranteed the minimum essentials for their existence, including at least proper food, clothing, housing, education and medical care. This basic right should be arranged through cent per cent guaranteed employment, not through welfare or dole-outs. Unemployment is a critical economic problem in the world today and 100% employment of the local people is the only way to solve this problem.

Local people are defined as those who have merged individual socio-economic interests with the socio-economic interests of the socio-economic unit they live in. The primary consideration is whether or not people have merged their individual interests with their socio-economic unit, regardless of their colour, creed, race, mother tongue, birthplace, etc. Those who earn their livelihood in a particular socio-economic unit but spend their earnings in another socio-economic unit should be considered as outsiders or non-local people, as this practice is not in accordance with the interests of the socioeconomic unit in which they are employed. It results in the drainage of the capital necessary for the continued growth of that unit and undermines its economic development.

Capitalists, in either their singular or collective forms, are the most pernicious economic exploiters today. All over the world they are continually exploiting local economies and draining their wealth. In nearly all cases the profits they accrue are spent outside the local area and remitted to outside stockholders and parent companies. An essential measure to control this economic exploitation is that the speculative markets in all countries of the world should be closed down immediately.......(cont)

[Balanbam00]

To create 100% employment among local people, PROUT supports both a short term and a long term economic plan. In the short term plan, labour intensive industries based on the collective minimum requirements of life should be started immediately or made more productive where they already exist. These industries should be based on the consumption motive. They should also provide a rational profit in order to guarantee adequate purchasing capacity to those employed in them and to ensure their continued existence and growth.

In the long term plan, capital intensive industries should also be developed to increase the productive capacity of the socioeconomic unit. PROUT advocates a three-tiered economic structure, that is, small scale privately owned businesses, medium scale cooperatives and large scale key industries managed by the immediate government. Such an economic structure should be based on the principles of self-reliance, maximum utilization, rational distribution, decentralization, rationalization and progressive increases in the standard of living of all people. Through the never ending creation of new industries, new products and new production techniques incorporating the latest scientific discoveries, the *****ity of the economy can be increased. As part of the long term economic plan, working hours may also be progressively reduced to maintain full employment.

To solve the unemployment problem in both the short and long term there must be an accurate understanding of the surplus and deficit manual and intellectual labour trends. In most of the countries of the world where there is high unemployment, there is surplus manual labour. So manual labour intensive industries are required to create employment. In some instances where deficit labour exists for an expanding industry, retraining programs may equip workers with the necessary skills for employment.

Another way to help solve unemployment, especially in rural communities, is the utilization of plants for economic self-reliance. All socio-economic units have the potential to increase their plant and crop varieties by properly matching these with the soil, topography and climatic conditions etc. in their units. Reforestation can reclaim arid and semi-arid regions, and some unique plants like the Puranica or fern, which has the capacity to attract clouds, can help radically transform the rainfall and weather patterns of a region. Agro- and agrico-industries based upon the productive potential of different plants can also help solve rural unemployment by creating a range of new goods and services. There are many dimensions to this revolutionary plant rationalization program, which is also a practical expression of the ideals of Neohumanism.

Maximum Industrial Development
The second point of PROUT’s approach is that maximum industries should be developed in the local area according to the availability of raw materials or local consumption. This principle will develop the economic potential of a socioeconomic unit by placing economic power into the hands of the local people and divesting outsiders of their control over the economy. In a economy most industries will be run as agricultural, producer or consumer cooperatives creating a new kind of cooperative spirit or cooperative dynamo. Such an approach will place economic power into the hands of those who work physically or intellectually for proper production, stripping capitalists of their exploitative economic power. Thus maximum industrial development will be assured.

Several corollaries arise from this second principle. First, industries should utilize locally available local raw materials and should not import raw materials from outside the socioeconomic unit. Raw materials are the basic ingredients or resources necessary to make finished products. The tyre industry, for example, requires rubber plantations as rubber sap is the basic raw material for this industry. If the topography of the local area favours the ample growth of rubber trees, then industries may be created around this raw material. Or, if alternative synthetic materials are available, a synthetic tyre industry may be developed.

There are several reasons why industries should utilize locally available raw materials. First, not all areas have the same socio-economic potential. Different areas will naturally be conducive to producing different kinds of raw materials, as in the case of plant-based raw materials. Industries based on locally available raw materials can produce commodities cheaply, be located near ready supplies of raw materials, and ensure their self-reliance. These advantages are not apparent where there is a dependence on outside raw materials.......(cont)

[Balanbam00]

Secondly, raw material producers, especially producer cooperatives, will prosper as there will be ready markets for their products.

Thirdly, industries will feel secure when they know that sufficient raw materials are available to supply their needs, and they will be able to plan their future production efficiently.

Fourthly, many large capitalists deliberately influence the economic and political policies of a local area by preventing the growth of local industries based on the local raw materials. They further exploit the local people by selling manufactured goods in the local markets which are made from locally produced raw materials. Australia, for example, imports many manufactured goods from Japan which are produced from Australian raw materials. Encouraging the growth of local industries based on local raw materials will terminate the dominance individual and collective capitalists exercise over the local markets, ending the drainage of capital ***** for the local area’s economic growth.

A second corollary of the second point is that local raw materials should not be exported – only manufactured goods should be exported. Local raw material prices in the export market are subject to manipulation and erratic fluctuations as they are currently traded through speculative commodity markets which are controlled by vested interests. To root out dishonesty from the field of trade, free trade should be established throughout the world as far as possible.

Manufactured goods, on the other hand, are generally subject to less price manipulation and command better prices than raw materials. By manufacturing locally finished products, a socioeconomic unit can conserve its reserve bullion and improve the purchasing capacity of the local people.

A third corollary is that if no potential exists to produce the manufactured goods required by industry in the local area, only then should the importation of such goods be allowed. Importation of manufactured goods means that local capital is being transferred to another socio-economic unit which has produced the product. The drainage of capital is always detrimental to the economic growth of a socio-economic unit, therefore unnecessary importation should always be discouraged. Barter agreements should be arranged between trading units so that no net loss occurs to either of the trading partners. Barter agreements in foreign trade are especially beneficial for those socio-economic units which have very few commodities to sell but a large number of commodities to buy, and their saleable commodities, though few in number, are large in quantity.

Thus, where there is a plentiful supply of local raw materials, industries can be developed for local demand according to local consumption, and if applicable the surplus may be exported. The availability of raw materials will ensure the long term viability of local industries.

[The Bedlington Terrier]

You like spouting Prout don't you Balan?

[Supersub6]

You like spouting Prout don't you Balan?

BT --better than pouting sprouts. All Balan has to do now is to get the world's leaders to all think the same way and the job's a good 'un.
Don't hold your breath.

[Balanbam00]

Look we did not see this pandemic coming! Why not ''do something !!!!'' There is no alternative! Millions are starving. But as I felt in Britain then 'many moons ago' ,''we'ar' o'reet!'' Is that the glory of the human race ? Can we not look at the theory? Letting our conscience guide us?
Yes BT, I can sit here and do nothing,knowing that this socio economic theory exists'.

[Balanbam00]

Super: My friend! I am sorry, I do not have 1000 years in my body and mind. Because that is what it would take to convince the worlds leaders, to think as I am thinking. I want moralist and spiritual people!!!I will not find them in today's Governments. This packet is now for the young,but perhaps some 'old codgers' still have that flame of courage, fight and bravery,as they did when playing 'footy'many moons ago ?

[Balanbam00]

.....and BT tell me something better!!