The World Economy

How did global economy came into existance? Should government or market control the economy?? After the first World War Socialism and Communism seem to offer a beneficial promise of change to the world, but time sheds its truth and both system seems to point out only its weaknesses and less of its advantage.

A theory inspired by Karl Marx and was later revolutionized by Lenin. Leninism urge people of the world to reject global economy, this revolution made trade, commerce and private property criminal acts. In my opinion, a market should be like people, they should be free from governments simply because market works and government doesn’t.

Centralization was first invented by Joseph Stalin where the communist party planned and managed every aspect of the economy. Dictatorship and a bottled potential of economic growth were the reality. And soon after, the Second World War. A new system was progressed called capitalism.

The effect was the defeated government had to print more money which resulted in inflation and hyper-inflation. Bolivia for example, had inflation by the hour because government spending was over government earnings and money was printed every hour. The cost of bread increased by the hour. However in contrast, victorious countries had control over the monetary system. The world monetary was invented to secure market and protect growth.

And most countries policy and political agenda is to nurture its economic survival against the world market. In contrast, government power led to the detainment of freedom which basically means more slaves. The ones that understand the concept of economy and business grew richer and those ignorant of such knowledge become more unfortunate. As time goes by, the wealth is controlled by the few and will keep on doing so as a result of capitalism.

Democracy is a hypocrisy, reforms leads to agony and freedom is a concept of ideas that maybe no one can clearly define. Knowledge is kept by the few to keep the wealth in the few. Prosperity and abundance is merely a dream that can not experienced only to be seen as an external part of us whereas it should be a part of us. Wealth is ours to own and the secret may be abstract but as a concept of understanding, we must understand the concept of money and the history behind it all. Money in reality has no true value, banks can create money simply through loan. Money that shouldn’t exist can be create through interest rates. Federal Reserve Banks loans money to the government. The conclusion here is, money does not equal to value anymore, however money equals to debt. The government prints more money faster than we make money, this results in the loss of buying power. Return on investment must be above inflation to really develop our personal economy.
Wealth planning and investment management should be common knowledge. Set your mind to prosperity and abundance by acquiring knowledge for that knowledge is power and the lack of knowledge is the lack of power.

After 9/11 the world is becoming into a single market economy. Globalization is the next destination. A free market where everyone has a stake but no one has the control. For countries such as Indonesia with much resources, they must put much of its dependency in high economic growth by putting barriers that restricts imports into a country, develop and build our own domestic industries. Since the New Order regime, we were victimized by world trade and many inadequate government decisions.

However, the next generation is ours to own and ours only to proclaim the wealth back. Prosperity and abundance should not and is not merely a concept. It is a reality that we own and experience. Educate our country and make it what it should be… FREE and prosperous!!!

(Binti, Gian Carlo, 20 November 2008; Den Haag)