FREEDOM IN THE MARKET

Once again, it is difficult to assess whether it is better or not to let the free market decide who gets what, however the west seems to be better off in more ways than one.  Freedom in the market.  This is a liberty that has held the world in conflict for the past century.  Pure economics. State intervention and control has proved to be stifling for innovation.  The west have more on shelf for the average citizen that the east or south.  It seems that with the means of the invisible hand, we have the opportunity to have greater riches for everyone as the gross domestic product increases exponentially.  There is always growth forecast by economists of the west.  The world economy is growing due to capitalistic free markets.  A billion people in China are employed due to this global invisible hand.  We have the opportunity to purchase German mercs or Japanese camrys.  We can live in an apartment, hostel or house with backyard.  We can choose who we wish to sell our labor to.  We have hoice of education and training institutions, each fighting for your HECS payment.

The inequalities of capitalism that Marx talks of, matter not.  It doesn’t matter that there are only a few wealthy elite that control the world markets.  It could be seen as corporate governance.  We need a means of organization and the free market invisible hand has delivered the global corporation.  Yes, executive staff earn big Bucks.  So what? The theory of motivation dictates that we need a competitive labor market to get more people to study at a tertiary level.  It is difficult to read extensively and write dissertations everyday.  It is difficult to look at corporate accounts and make decision.  The free market corporate culture of the west have their success.  As for the social problems associated with the free market; it is only a small percentage that are suffering in poverty and squalor.  There are solutions that can be formulated to alleviate the sufferings of those disadvantaged however those that are disheveled, do not wish to help themselves as they have resigned their will to live, with the aid of drugs and alcohol, sometimes on the street, suicidal and a threat to the community.  We need to gather and advocate for some basic human rights.