Published in Scoop Media.
If we promote education and values that emphasize our identification, then poverty will diminish, in the long run. If we promote sufficient economic, judicial and political equality, then the people at the bottom of the ladder will not want to topple those at the top. The results of reducing poverty are that when people engage in production and art and maiming are reduced and the general living standards are increased and people are more satisfied.
Stanly said "The geography, culture, and leadership are against improving the economic conditions very much for the reasons given. To move up the ladder economically, we would have to import technology, including technical knowledge.
We could devote money (= financial capital) to technical education, like programming, which is labor-intensive, and requiring little capital equipment, and export that knowledge, but that requires spending lots of money providing technical educations. However, we have to have sufficient money to improve the technical competence of our people".
We must have sufficient money to start down the road towards economic improvement. It would be a major contribution to the study of this problem if we would make a cash flow analysis of our economy to determine with some precision where our money comes from and where it goes. That analysis might suggest some economic transformations that would accumulate it in sufficient quantities to spend on improving our economy. A cash flow analysis of our economy might be a start to determine whether or not we are able to move up the economic ladder.
Our economic transformation, in my opinion, we need to spend a proportionate amount of money on those who are poor.
How to contribute to economic transformation, it is helpful to have an idea of how fundamental economic change can come about?