VideoR.G. Voorhees, CFO.com | US
August 30, 2007
- Economic Similarities and Inversion Progression Thinking
The article has interesting similarities to today's economic realities. Easy credit mentioned relevant to the sub prime credit crisis and reverberations in the stock market. Inhumane working hours for low pay relevant to the large public accounting firms led by CA's. The resulting depression is a consequence of poor credit management and poor payment to labour.
Thus, it is quite easy to see that labour needs humane treatment by fair pay, fair (and limited to reasonable standards) of work hours, and fiscal responsibility towards cash and credit balance. By doing so, there are more funds to spend in the economy and also for savings or investing. This leads to capital growth and labour growth. Thus, start at the bottom of the abstract social pyramid and work up. In doing so, the whole species, rather than only the particular affluent segments, prospers. Simultaneously, those at elevated levels are not penalized in absolution, but rather gain in relativity to others due to recognized reliance on and receipts from others. Preceding the ?elevated class? benefit is the elevated benefit of progress that the ?lower class? first receives. Re-iterate continuously and there is both sustainable capital and labour growth.
This is called inversion-progression thinking.Posted by David Newman | Aug 30, 2007 5:35 PM ET
