Monday, October 26, 2015

Discuss if we should conserve economic resources/ use resources wisely.

From an economic point of view, I don't see any other
option but to conserve economic resources and use them wisely.  The globalized setting
of the marketplace would represent a reason as to why this is necessary.  As more and
more people enter the global marketplace, at some point, resources will be finite.  I
think that more people benefit in the long run if there is an ethic of conservation that
everyone adopts in ensuring that the marketplace is viable and sustainable for as long a
time as possible.  Globalization has had a transformative impact on people's lives and
the more people who can actively participate in this forum, the better we all are.  I
don't think that these ends are served if individuals waste economic resources or rig
the marketplace to allow themselves to consume everything at the cost of others.  While
self- interest does govern the marketplace of economic resources, there has to be an
ethic of respect for this forum where all participate.  Part of this would be to ensure
that economic resources are used wisely and conserved in a proper manner in order to
sustain viability for both the individual and the market that benefits them.  If
individuals wish to continue to have a free market configuration where external
intervention is not threatened, it will have to conform to a conservation and respect of
those economic resources.  When individuals abuse this ethic, the clamor and reality for
external intervention become more real and might end up hurting the marketplace from
which all benefit.

No comments:

Post a Comment

What is the meaning of the 4th stanza of Eliot's Preludes, especially the lines "I am moved by fancies...Infinitely suffering thing".

A century old this year, T.S. Eliot's Preludes raises the curtain on his great modernist masterpieces, The Love...