The worst economy are humans
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The term economy is centered around three key features; production, distribution and consumption. The human economy is indeed one complex system to give a proper breakdown, pushing itself into lots of sectors like agriculture, industries, service provision, technology, finance and several others. The key takeaway is that we top the food chain? So why are we mostly under-resourced?
The issue of poverty is dated back to as long as history can find it, even when humans were few in numbers. The human economy has always experienced periods of downturns and crises, attributed to factors such as high unemployment, low economic growth,inflation, or financial instability.
Do you always admire the termite colony? With the queen laying egg once in every three seconds throughout the years of her life, you should be bothered about the issue of overpopulation. Yes mortaloty will play it part in the process but how do these tiny creatures run their economy with steady supply for all? Remember, they are not top of the food chain?
Personally, if there is any animal I can rate the highest exception of man is the termite colony. We keep on complaining over population, yet that's what even gives advantage to this creature; an egg every three seconds, you should know what this means. What sustains the colony is the early features I mention; production, distribution and consumption.
Let's come back to our human nature, we live in a world with a growing imbalance within this three pairs. In short, consumption has taken a huge percentage in this division.
We have seen it play out in various sectors, from food, shelter, clothing, and even down to the latest, which is technology. The reason behind this failure can be very complex, citing lots of individual and commercial players. The truth is, a lot love the economy this way, that's what keeps their account fat.
When I look at the challenge of production in Africa, you can't just exempt the fact that it's not intentional for citizens to stay unproductive. Once head a story of how one village on the African continents exchange gold to foreigners for a bottle of coca-cola. Does it surprise you? So was I, at first I thought they were out of their mind but on a later taught had to realize it's just a waste to keep what you can't process. When the governing bodies are not interested in education, infrastructures, industries and technology, the production, distribution and consumption chain is deterred.
Africa seems to sit high in the chain of resource mismanagement and it happens to affect the whole world in entirety. I know you may be asking how? Do you know the level the world would have been by now if proper adoption in this continent was utilized, how we could fight the problem of scarcity. In terms of food, Africa is enough to feed the whole world leaving us to bother about something else, yet this is were the food struggle even centers.
No industries, poor technological adoption, the economic chain is unhealthy from this look. We have become bad players to ourselves, we get bothered that the world is filled up, yet we haven't been able to rightly channel resources.
When looking at the advanced world, I see a challenge of distribution continuing to create a lot of inconveniences. Few want to dominate the chain, leaving others at their mercy. Yes, they may have the industries, the infrastructures, yet they select the technology. Fair distribution is centered on proper tech adoption. Just for instance, we have seen possibilities from the blockchain and cryptocurrency industries yet the resistance from authorities keeps this tech at only a corner.
How do we run an economy when we don't want things to function well? Take a look at El- Salvador, how bitcoin adoption has helped revolutionize the country. If we cannot build upon what's new, then growth is unachievable, just like the queen termite, she introduces new eggs into the system to fill the gap of outdated colony members.
Humans are not playing this game right, we've allowed greed to fill our entire system. If you ask me were our economy is going at recent state, accept it if say the look is not impressive until we value production, fair distribution which can lead to proper consumption. The idea of 'there are not enough resources' is an entire lie. We as humans are proving to be bad to the economy. If the world should ever enter into the worst form of recession or anything that makes this environment unbearable, the first species to blame are humans, we have become masters of mismanagement.
To conclude, let me add, until we value this three economic features we are just heading down a thin tunnel, who knows theeconomic shock that awaits. We create wars for our benefits, we hoard wealth for our benefit, we limit others for our benefit yet the reverse is the case for a tiny colony of insects. If we should break from here, no one should look up to heaven to blame his God. Man's insatiability has damaged the global economy and as we await a change its starts from individual us.
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