Tuesday, September 4, 2018

National Economies


Each of the over 200 countries on the planet need to ensure that they have a functioning economy that works for them and offers a path forward.

Ideally, countries need to provide the opportunity for their populations to provide their own food, water, clothing, shelter, medical treatment and sanitation. They should be able to import whatever is missing. Citizens should be able to purchase land and own it, so that families can prosper. Citizens should also be able to engage in mining, drilling, forestry and the sale of natural resources and engage in manufacturing.

Third-World countries with large unemployed populations need to concentrate on the basics and the citizens of these countries must function with fewer resources and more manual labor. Families need to be the basic economic unit, so that they can prosper over the generations. As these families are able to afford tractors, trucks and mechanized equipment, they will be able to reduce manual labor and increase production, living standards and overall prosperity.

Governments in many countries are conflicted between the demands of corporations that pay most of their taxes and the citizens who lack basic needs like clean water, sanitation, food and shelter. Corrupt governments ignore the citizens and cater to the corporations.

All economies are “national”. It’s the national government who sets the regulations that can allow the citizens to become self-supporting. These laws and regulations need to be reformed to allow the growth of their private sector economy. The “rule of law” and private property rights are central to good policy.

Norb Leahy, Dunwoody GA Tea Party Leader  

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