We know, that something is wrong with economy. And we know that today’s economy is in fact chrematistics (money-getting). That’s why we are facing with financial crisis. We do not follow the purpose of economy.
Many presented solutions to solve the crisis are of the same nature which caused it. It is like that greedy people and institutions want to play the same game they played in the past with known undesirable consequences.
Politicians do not have the will to follow the purpose of economy. Will for the profit is stronger. But if politicians will not find ‘political will’ to do what is good for humanity who will then? Continue reading
Posted in economy, Politics
Tagged chrematistics, economical crisis, economy, financial crisis, goodwill, greed, humanity, money, money-getting, people, poverty, will to good
What is the purpose of economy? We just need to look at the meaning of the word. The word oikonomia is of an ancient greek origin and means management of household (oicos – house, nomos – law).
The purpose of economy is to manage the household; to produce and distribute food, water and other needs and goods primarily for preserving the human life. Continue reading
Posted in Economics, economy, Politics
Tagged Aristotle, chrematistics, Economic, economy, food, generosity, greed, household, IMF, International, International Monetary Fund, money, money-getting, obesity, poverty, selfishness, starving, wealth, World Bank, World economy, World population, WTO