Is the economy supposed to be a political tools?

tbterryboy

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Quote from: bitbunnny on July 04, 2020, 01:18:24 PM

It's always the government that sets up economy policies and I don't know that any country is functioning different. There isn't a way that economy could be split from governments and politics and citizens have no other choice than to obey rules they set.

I guess it is as perfect as how it should be. I mean when governments are the one who create needed setup like industries and making policies to allow import/export which are the basis for building economy stronger then they definitely will make use of those things again to make them stronger so that they will retain power to rule again and again. I mean governments may use economy as a tool for making themselves powerful which in turn may get people to find methods for their survival.

When governments derive path for better economy of their country which usually impact their every citizen. When their policy helps their each and every people to get better in their life which will obviously help their nation to be stronger. So, I guess governments may use economy as a political tool when it leads to win-win scenario for all of us including government.

Harlot

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Quote from: South Park on July 05, 2020, 11:15:02 AM

Quote from: Kakmakr on July 03, 2020, 01:46:28 AM

The large majority of the world's economists share your view on this and they warned governments about the future impact of this "toilet paper" money printing policies. The debt incurred will not even be settled in 2 or 3 generations from now and our children's children will be stuck with the debt we are creating now. Angry

I think many of these politicians just do this to manipulate their voters into voting for them by creating a "fake" sense of well being and security to hide the real dragon that will feast on the generations to come. (Most of these politicians will be dead by them, so they do not care about this or the legacy that they leave behind.) Angry

That is one of the reasons why they do not care but another one is simply they have used their political power to get economic power and for the most part they not only have fiat in store but several other assets that will resist the hyperinflation that is coming, they have precious metals, real estate, works of art and maybe some of them are even holding bitcoin, as such they do not care if the economy crash tomorrow as they have the means to keep themselves safe and even profit from such a crisis.

Contrary to popular belief printing money doesn't really mean that the government is just devaluing their own fiat currency, there are just instances where some governments overprint their money to the point it results into hyperinflation. Our central banks also have their job to know what is sufficient money to be printed that can cover the demand at the same time have a healthy inflation but if they do something wrong about this they it may result to hyperinflation or even deflation. Printing money isn't really the problem here overprinting and underprinting is the problem that is see that can greatly affect the economy.

South Park

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Quote from: Kakmakr on July 03, 2020, 01:46:28 AM

The large majority of the world's economists share your view on this and they warned governments about the future impact of this "toilet paper" money printing policies. The debt incurred will not even be settled in 2 or 3 generations from now and our children's children will be stuck with the debt we are creating now. Angry

I think many of these politicians just do this to manipulate their voters into voting for them by creating a "fake" sense of well being and security to hide the real dragon that will feast on the generations to come. (Most of these politicians will be dead by them, so they do not care about this or the legacy that they leave behind.) Angry

That is one of the reasons why they do not care but another one is simply they have used their political power to get economic power and for the most part they not only have fiat in store but several other assets that will resist the hyperinflation that is coming, they have precious metals, real estate, works of art and maybe some of them are even holding bitcoin, as such they do not care if the economy crash tomorrow as they have the means to keep themselves safe and even profit from such a crisis.

bitbunnny

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Economy and politics have always be connected and they can't function one without the other. And yes, politicans have always used economy as a tool to achieve their goals, with more or less success.
It's always the government that sets up economy policies and I don't know that any country is functioning different. There isn't a way that economy could be split from governments and politics and citizens have no other choice than to obey rules they set.

coolcoinz

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Quote from: Barnabe on June 26, 2020, 09:38:05 AM

If you look at central banks and their policies, they are supposed to be independent and their decisions should be disconnected from politics. This was made for a simple reason, politics can try to take advantage of these policies to get advantages which will destabilize the economy in the long term. In this frame, the government can only make decisions regarding the management and allocation of resources it already owns.

What should be is very rarely the case in any country. Politicians should be uncorruptible, judges should be fair, and so on. You're lucky if the majority is like that but there are always exceptions. Even in the US you had Clinton and then his wife, both impressive liars and confabulators. You had Bush who started a war with Saddam over nuclear weapons that never existed. Governments are corrupt everywhere, deal with it.
They print money because for them it doesn't really matter what will happen in 50 years. They'll be long dead by then. It's here and now that matters.

Alert31

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Quote from: john_cm on June 26, 2020, 03:49:10 AM

I still find it hard to wrap my head over the fact that most economist analyst is aware that continuous printing of money is deterrent to the economy and quality of life in the long-run, but still, the government keeps issuing endless bills. It's not my desire to politicize my views but ideally, economists should run most of the economic policies but it seems the economist is only a remote control tool used by the government to achieve political interest.

It seems the world now runs policies for immediate gains while trashing policies that bring future gains. Maybe I am having a distorted view, but looking at most government policies around the world, even a non-economist can tell that this will be disastrous in the future.

Maybe it could be a political tools that's corruption always present everywhere in different sectors of government. But I think the Central banks has a limited number of money to be imprinted in every time that there is a change of leadership. Because if they imprinted more bills ,it's value will decrease. There is a limit and also imprinting of bills are expensive.

el kaka22

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Quote from: Negotiation on July 02, 2020, 11:38:27 PM

Due to the weak system of government political leaders have intervened and almost everything is now corrupt The country's economy is being hampered by politics. The intervention of political leaders has led to inflation in the country which is most effective in destroying the economy However, the country's economy will not be hampered if it is run in a decentralized manner without a central system to improve the economy In this case there will be no political interference.

Well, in some sense, everything is a political tool. If two political parties are arguing over or even two political party supporters are arguing, we can say that everything could be an argument topic. You can talk about the most silliest things about how there used to be less people in the world and population was caused by the political decisions governments made, or you can go into more in-depth economical proof that the country is doing much worse.

None of this makes sense because in the end politicians are mostly elected, which means that if you are elected and if you are ruling that nation, you could basically find a way to get what you want done one way or another, if the people love you enough to elect you, maybe they would vote for your decision on a referendum as well so basically everything could be done.

bits4books

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Can you give at least one example of an economy that exists outside of States and different policies? If not then you should understand that economy is part of the state, i.e political tool

TEX-LXRY

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Of course it is from the start.

It has a great impact on economy without politics we can lose our economy.

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iv4n

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Quote from: AniviaBtc on July 03, 2020, 07:03:40 AM

Quote from: ?? on ??

i think so, this economic condition just to be political tools

There are a lot of politicians who are helping a lot of people during this pandemic but when this pandemic doesn't exist yet, they are just making money out of their political platforms. But most of the politicians here in our country are very corrupt that's why our country is not that really developing compared to other countries out there who have a responsible government.

It is hard to find a trustworthy and responsible government officials because once they are elected, they are not doing what they should do. They are not serving the country with all of their might and they are just sitting in their houses and waiting for their salary to come.

Hoping that in this pandemic, we can recover from economic crisis and the government officials should focus on that and not on their own benefits.

I think we didn't see crisis in full swing yet, this is just the beginning, sadly! This ship is sinking, and many people face with all kind of problems, and most of them are connected with the lockdown, news about viruses, that affects everyone! Small and medium businesses are ruined, and we don't see that yet, they are holding on some governments help, but for how long that can last when money is not coming? Tourism?! This year many countries that rely on money from that will not get it, they are stuck! And do you know how many people will be hurt by that?

After all that news are not getting better! More cases, more deaths, new lockdowns, new restrictions... In some moments I really don't know what we can expect to happen next!?

AniviaBtc

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Quote from: ?? on ??

i think so, this economic condition just to be political tools

There are a lot of politicians who are helping a lot of people during this pandemic but when this pandemic doesn't exist yet, they are just making money out of their political platforms. But most of the politicians here in our country are very corrupt that's why our country is not that really developing compared to other countries out there who have a responsible government.

It is hard to find a trustworthy and responsible government officials because once they are elected, they are not doing what they should do. They are not serving the country with all of their might and they are just sitting in their houses and waiting for their salary to come.

Hoping that in this pandemic, we can recover from economic crisis and the government officials should focus on that and not on their own benefits.

mariah.sadio

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Economy always was a sort of political tool. Big countries could affter small countries in a lot of ways

rodskee

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Quote from: Negotiation on July 02, 2020, 11:38:27 PM

Due to the weak system of government political leaders have intervened and almost everything is now corrupt The country's economy is being hampered by politics. The intervention of political leaders has led to inflation in the country which is most effective in destroying the economy However, the country's economy will not be hampered if it is run in a decentralized manner without a central system to improve the economy In this case there will be no political interference.

If so, things might work well if there's no interventions coming from corrupt officials, but facts remained
as there's none and everything works with this kind of industry.
There are many politicians who still in control and the allocations of the government budgets still being
used by those leaders from their personal gains.
If decentralized will be implemented and it will work independently, then this corrupt ways of system
will be change.

It's still the politicians that controlling and managing the entire process, with this kind of system it will
continue being corrupted in anyhow.

davis196

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Quote from: john_cm on June 26, 2020, 03:49:10 AM

I still find it hard to wrap my head over the fact that most economist analyst is aware that continuous printing of money is deterrent to the economy and quality of life in the long-run, but still, the government keeps issuing endless bills. It's not my desire to politicize my views but ideally, economists should run most of the economic policies but it seems the economist is only a remote control tool used by the government to achieve political interest.

It seems the world now runs policies for immediate gains while trashing policies that bring future gains. Maybe I am having a distorted view, but looking at most government policies around the world, even a non-economist can tell that this will be disastrous in the future.

Economists give advise,but the politicians are making the decisions.Most of their decisions are only about gaining support in the society and wining the elections.That's why the political system of democracy is stimulating short term decisions(or policies for immediate gains,like you wrote).The people want less taxes and more government spending,so the politicians give the people what they want,in order to be reelected.This means higher budget deficits and money printing by the central banks.The economists know that this is dangerous for the global financial system,but they don't have the power and authority to influence the politicians and change their minds.

Kakmakr

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The large majority of the world's economists share your view on this and they warned governments about the future impact of this "toilet paper" money printing policies. The debt incurred will not even be settled in 2 or 3 generations from now and our children's children will be stuck with the debt we are creating now. Angry

I think many of these politicians just do this to manipulate their voters into voting for them by creating a "fake" sense of well being and security to hide the real dragon that will feast on the generations to come. (Most of these politicians will be dead by them, so they do not care about this or the legacy that they leave behind.) Angry

Negotiation

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Due to the weak system of government political leaders have intervened and almost everything is now corrupt The country's economy is being hampered by politics. The intervention of political leaders has led to inflation in the country which is most effective in destroying the economy However, the country's economy will not be hampered if it is run in a decentralized manner without a central system to improve the economy In this case there will be no political interference.

Bezobraznike

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Quote from: yhiaali3 on July 01, 2020, 02:23:33 AM

Your words are true, the continuous printing of money impedes the economy and may cause inflation and the collapse of the economy if there is no real value for this money such as gold or commodities or others, but I do not think that the government issuing bills has anything to do with the matter.
usually the central bank of any country is the one that issues These recommendations are implemented by the government, of course when politicians intervene in the economy a lot of problems occur because such serious decisions may be taken for a political reason rather than an economic reason and this will lead to serious consequences for the economy.

Economy should be a tool Yhiaali3, but the tool in wrong hands is a disaster. Many of us complain on governments and how
they operate, but we can't do a lot about that. It's why I prefer crypto-currences over traditional currencies, decentralization
is what we need, the power should be in the hands of all the people, not just some people.
Now everything is just a political tool in hands of the party that wins election. In my country it's like that, and I believe in
many others as well.

yhiaali3

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Your words are true, the continuous printing of money impedes the economy and may cause inflation and the collapse of the economy if there is no real value for this money such as gold or commodities or others, but I do not think that the government issuing bills has anything to do with the matter.
usually the central bank of any country is the one that issues These recommendations are implemented by the government, of course when politicians intervene in the economy a lot of problems occur because such serious decisions may be taken for a political reason rather than an economic reason and this will lead to serious consequences for the economy.

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Quote from: Aworiss on June 28, 2020, 01:19:57 PM

The easiest solution to get rid of this problem is to print more cash.
You need to bring the economy and life back to normal as soon as possible and to compensate all the people who have been affected by the policies of social separation, the easiest solution is to print more cash.
It will lead to many problems in the future, but it is the only solution currently proposed.

Depending on how chronic a country's economic slowdown and the use of printed money. If the economic recession is in a mild stage like China, printing money with a guarantee of layered productive projects. If the economic condition is chronic then the medicine must be added with the Sovereign Wealth Fund and the role of pressing the government as a regulator of the economy in order to be able to drive the national economy fairly.

So before printing money the project must be prepared first. If it prints money and does not increase the production sector, there will be a mismatch that causes inflation. When inflation cannot be controlled the government will lead to depression. Printing money for social assistance and direct cash assistance during a pandemic is a fatal mistake.

South Park

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Quote from: adzino on June 26, 2020, 03:52:16 PM

Quote from: john_cm on June 26, 2020, 03:49:10 AM

I still find it hard to wrap my head over the fact that most economist analyst is aware that continuous printing of money is deterrent to the economy and quality of life in the long-run, but still, the government keeps issuing endless bills. It's not my desire to politicize my views but ideally, economists should run most of the economic policies but it seems the economist is only a remote control tool used by the government to achieve political interest.

It seems the world now runs policies for immediate gains while trashing policies that bring future gains. Maybe I am having a distorted view, but looking at most government policies around the world, even a non-economist can tell that this will be disastrous in the future.

You said it your self, printing money is going to affect the economy badly in the long run. But the government is thinking about the short run. They know that bad affects that is going to take place, but to win peoples support they need show that they are fixing the economy. Thus, they start taking those stupid decisions. So, I guess they use economy as a political tool which they never should. But, yeah they are corrupted af and doesn't care about anything as long as they hold the power.

Politicians by nature are extremely shortsighted, they care only about getting elected themselves, getting reelected if possible under the rules of the political system of the country, getting their party elected, getting all the credit when something good happens and not getting any blame if something bad happens, so they do not really care about the long term economic health of the country as long as it does not happens on their watch, that way they can always put blame on another politician and get elected again, it is an incredibly simple way to do things and yet people fall over and over again in the same trick.

Topic: Is the economy supposed to be a political tools? (Read 557 times)