EconomicPolicy101

Democracies are not Meritocracies. And when the voters make indiscriminate economic decisions, disaster often ensues - consider Venezuela for example. Let us first try to clarify our subject. The wikipedia definition of economics is as follows :  'the social science that studies the production, distribution, and consumption of goods and services' Somethings can be pointed out here - our primary focus should be on how goods and services are made available to people (money is at best a secondary concern). You will find, as you browse through the various articles here that we will fall back on our definition often.  This website is intended for the democratic voter to give them at least a basic grounding in how economics work, so that they may make sound decisions and avert disaster in their countries. I thank you for visiting and welcome you. All feedback is greatly appreciated and is best left as a comment for me to review. So lets get started!

Most people want to (force the rich to) help the poor. Others want to abolish billionaires. Still others, think that poverty can be alleviated by raising the minimum wage by legislation. Since we are so concerned about poverty, let us discuss how poverty is created in the first place. Broadly speaking, creating poverty in a society is a two step exercise. Step one is to destroy the wealth of the society that may exist when you start this exercise. Let us see how this may be done, in more detail: I) Destruction of the wealth of a Society Declaring a war on a society and bombing the assets there is an obvious means by which it's wealth can be destroyed. A slightly less obvious method is for the society to itself engage in an unnecessary foreign war and send its assets to burn and crash in the foreign land. But the insidious termites that really annihilate the wealth of a society are government operated enterprises.  These enterprises utilize more and more man-power and asse...