We have hands, brains, and natural resources; combine them, and we can produce the goods and services we need to sustain ourselves. Add creativity and invention; the combination results in productivity, the art and technique of producing more and better goods and services with less materials and labour. As this trend progresses, so our prosperity increases. It is all possible. But it doesn’t happen quite that way. Why? Three major causes may be singled out.
ONE: Our banking and financial network, the most important of the infrastructural services needed to support a developed society and its economy is inadequate and mis-used.
TWO: There is no direct relationshipp between work and reward. This creates social injustice, unemployment, inflation and financial instability. Yes, really.
THREE: Governments are monopolies, lacking any form of financial discipline or productivity incentive. So taxes and debts slide slowly upwards, services remain stagnant or decline, and government departments proliferate.
