Why free trade is wrong

For many years, the debate between free trade and fair trade has been ongoing, and it has been one of the stalwarts of economic argument recently, in an ever changing field. Free trade proponents across the world argue that it is a viable policy to ensure a level playing field between all manufacturers, and to therefore grow the economies of developing countries through increased competition and increased production. However, it could be argued that the ramifications of free trade outweigh its benefits, and it is for this very reason that I am an advocate of fair trade, not free trade. Free trade has several disastrous repercussions attached to itself, including environmental degradation, poor working conditions, and the loss of jobs. These points mean that free trade can never be morally, or indeed economically justified. Continue reading “Why free trade is wrong”

Why trickle-down economics works

Firstly, I want to make one thing clear, that I am addressing to these sets of policies as “trickle-down economics” and not “Reaganomics” on purpose, purely to try and debunk the mocking and myths of the socialists who argue against these policies.

Trickle-down economics is one of the most contested issues of the 20th century, with the calumniation of some fooling the general populace into thinking that “Reaganomics” somehow fails. However, over the past few years, a larger and larger proportion of the population have been seeing beyond this much propagated lie, and seeing the voice of reason, instead. This voice says that Reaganomics will obviously work because of a few simple reasons, which are really not too hard to pick out. Continue reading “Why trickle-down economics works”

How I think we can solve the problem of poverty in India

It is clear to see from the past few years that India’s economy has been surging. With their economy now being classified as the fastest growing economy in the world today, it would look like everything is good in this country of 1.2 billion. However, what the Indian underclass will tell you is a story that is starkly different from what Indian businessmen such as Ratan Tata will say. The problem of poverty in India is a dark stain on the face of humanity, with Indian labourers frequently toiling 10 or even 12 hours a day, for little or no reward. For too long has bureaucratic red tape covered up the real problem, which is that a greater proportions of Indians need to be above the UN poverty line. To do this, we need progressive and constructive solutions, some of which I am trying to provide here. Continue reading “How I think we can solve the problem of poverty in India”

How I think we can reduce absolute poverty

There is no denying that poverty is an absolute cancer of society. The fact that even one person does not have the resources necessary to sustain life is categorically abhorrent, let alone millions. Some say that absolute poverty will always exist, but to that, I quote the prominent lecturer Charles Aked, who said that “the only thing necessary for evil to triumph is that good men do nothing”. As such, I have immortalised my musings on the matter below. I must stress, before I get to the proverbial meat of this article, that these are simply my thoughts on the topic, and I do not proclaim them to be unequivocally correct in the slightest. In actuality, I am welcome to any elucidations or critiques of my thoughts in the comment section below. Continue reading “How I think we can reduce absolute poverty”