Monday, September 22, 2008

Dynamite Economy 3.4 How Faults Initiate?

Solvere, Cognose LIM Swee Keng (Sep 22, 2008)
http://www.cts-ideas.com/ tab Cognose.blogspot.com
Dynamite Economy 3 - Deadly Urgency
3.4 How Faults Initiate?

No nation can function well without great leaders.
No economy can sustain without healthy fundamentals.

From Dynamite Economy 3.3 we know that:
Economists, without discern of the basics of economy, while tightly coupled to their doctrines
over stated their effectiveness, under-stated the problems !
This is the very problem, Economists who yearn to be key contributors to society
must admit, must improve, must overcome !!
Here they are:

It is when technological innovation reached a plateau, industrialization no longer able to drive economy. We need new engines for growth!

It is when industrialization cumulated an immense scale of wealth, no new, significant industry was invented, this wealth becomes over abundance, Over Abundance Wealth (OAW), just like a hyperactive strong man without meaningful employment, will inflict more severe damage than small babies, hungry men.
We need new industries!

When the size of integration of civilization changed from nations to global village,
nations cannot contain problem by themselves.
Nations need cooperation from others, every nation.
We need new realm of thinking!
None has happened, so seed of disaster buds, grew, destructing, devastating!!

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