Topic: We care about the economy, but we can't change its direction - page 2. (Read 607 times)

We as individuals are not powerless we also have our own part to play in the economy in short we are the most important part of the economy, government and big companies only formulate and regulate the economy but we implement their decisions.
 I am not an economist but i know we have a lot of ways to change this economy and the main reason why the economy is getting worst is because we think we are powerless and have nothing to do in changing the economy. but by the time we will take full responsibility and start implementing them even the government will take the right step further thereby making the economy better.
 In addition there are many activities we do that make the economy worst ,so we need to change for good if we really want the economy to be better.

It is difficult for someone who wants to change the economy but he alone has problems with his own economy, until whenever it will not go according to what he expects, so they can only speculate about their sad situation and share stories with other people who have the same fate without any change and movement that in the end they live like that until old.

Yes, in the end, if we realize that we cannot change the economic situation of the country, we should be silent, and focus more on the economic development of our own families to survive, after all, what else should be taken care of and provided for, for me the important thing is that my family lives properly, and complaining is just a waste of time and our emotions, not worth doing at all.

The greatest example of this is that we have been buying or selling stocks as retail investors forever, we did it before, we are still doing it and we will keep doing it later in the future too. However, once upon a time, some dude decided that GME is a good stock, gamestop, he said he liked it, and some people listened to him, and suddenly we have seen millions of retail investors go all in and YOLO their way into making GME one of the highest earning stocks, and wall street lost for the first time against small guys, they were losing billions per day.

It's a great example than if you take one glass out it won't matter, but if millions take gallons out, it will show. Power is with unity, if we unite, then we are stronger than them.

No matter how we care about the economy we can never know where it's actually heading to, we are living in an inflationary society so there are things we can't change like the house you mentioned it keeps appreciating in price everyday though it affect us directly but there is absolutely nothing we can do to help it because the wages are being increased and in one way or the other production cost also do to balance it all the house itself will increase because we all buy food for consumption purpose and the price of these items does not differ much so for the owners of those houses to live up to the current days realties, they may not have any option than to increase their house rents,
Bills are also been increased by the government once they increase salaries and all these things affect the economy automatically.

Yea, looking for a ways to survive the current economy is the best approach because they more you try to understand the direction of the economy, the more confused you get in the process, so figuring out ways to survive and adapt to what our economy has brought to us is the wisest decision ever.

Economies are large structures and a single person or a small group cannot influence this. The fact that an economy can be easily influenced also shows the weakness of that economy.

In the current system, consumption represents a large part of the economy. Individuals who consume can influence the economy to some extent according to their consumption rates. It is not easy to direct the economy and it is difficult for people other than managers or large companies to do this. Individuals should organize their economic conditions according to the structure of the time and should primarily direct their own economies.

The large companies in the world also sell their products or goods to smaller companies so that these small companies will also make everyone interested in shopping with them at all times so that the economic cycle will continue to be seen in everyone's environment and you can conclude that all companies that produce any product will still need ordinary people who want to shop with them even though some companies only target certain groups in society to be able to increase their sales in the economic sector.

So you don't need to feel small and worry about it because besides we can follow the direction of the existing system, everyone can also create their own system as long as they are able to do so because to influence any market at this time of course must have a large capital and also a very strong network in order to be able to fight every competitor in the market. But if our own abilities are still quite limited, then just enjoy life as it is even though we have to keep trying to keep working for our own success.

As long as any company is producing something the masses treasured they would certainly have the power to influence the economy because if there is any little increase or lack of the product it becomes a challenge to the masses, so actually that's the reason why it looks as if most companies has an influence on a country economy especially those countries who depend on the private companies for production of some certain items, also is not like the ordinary people is powerless or does not have ideas to fight bad economy of any country but the problem is only if the government will give a listening ear to an ordinary individual.

Well the truth is that every country knows how to stop there economical challenge but the problem is if they are ready to fixed it because let's take for instance if the lack of a particular products is the major problem, is the obligation of the government to invest or hiring the right professionals that should be producing it withing the country in other to make itavailable for consumption, though individuals also plays a role on every economy such as those who have medium businesses that compromises of workers is also another of way of reducing unemployment citizens.

They have no power to change it. That's why they often talk more and do less. That's unlike someone who has power to change it, and he would do more and talk less.

I have seen many complaints about the economy. People have no power to change it, and it never changes.


Unless you have a power like occupation in the government. You will never be able to implement your solution.

I don't wanna waste my time just to create a useless complaint that the government would never hear. As a civilian, what i can do is only accept any jurisdiction applied in my country and keep survive.

While these global economic forces may always be beyond the control of the individual, yet these can still make their contributions to the economy in their little way. Through demand and pricing, consumers can make the impact by making necessary changes in spending, saving, investing, and patronizing local businesses. Economists are rather optimistic about 2024, foreseeing a "soft landing" where inflation would stabilize, although wages might not increase that much, and 2024 has not yet ended. We may not have the ability to change everything, but we can still make wise financial decisions that could somewhat mitigate the effects at a personal level.

A lot of people care very much about the economy but they can't Really change it direction because the world evolve around rich people, some people think about the economic downturn and how it as been affecting them, inflation has takeover the economy, and prices of all the commodities are rising day by day.

rent money, fees, and bills are also increasing but wage concession was not made and salaries are not enough to spend. Since they realized that economy is beyond them and they are aware that the world doesn't evolve around them and there is nothing they can do to make the economic better, then they accept the faith, and try their best to balance their own's lives.


Politicians are not worthy and they don't deserve to be trusted , you wouldn't know their true colour until their are been elected, the system of the economy is controlled by powerful people like politicians, businessmen etc, and they are the ones that can change the economy and make it better.
We just have to adapt and survive in this economic, despite the fact that we are not powerful enough to change the situation because we do not have the ability to do so, but we can still find a way to make our lives better and balanced.

A few users mentioned that we aren't powerless as individuals; however, I disagree. I don't believe there's much you can do on a global or even national level to assist. People need to be united in order to make a difference, something that's rarely seen nowadays. In our day and age, in order to survive in this economy, you need multiple sources of income and to constantly develop yourself with new skills and attributes that are going to assist you in your career.

Groceries, housing, and fuel have skyrocketed the past few years, and it's only going to get worse unless people unite to face the real issue: the politicians we elect. Until then, focus on ourselves to achieve a sustainable lifestyle.

I know your saying this because of the current economic situation but we aren't powerless, I think most countries undergo such inorder to wax strong and be champion someday. So it doesn't mean since we can't help we are of no importance to the economy and World but the betterment of it depends on each and every individuals in the society.

And the stability of the economy sector of a country clearly lies on government policy, what they decide and what they don't and this why so many things are affected by this but moreso there can be a change you know but with the current state of things I presume it's gonna take a longer time.and mostly is the masses that suffer for it, so if the government can make slight adjustment it'll definitely favour us all.
I use to wonder sometimes when there's a need for a change there's always an interruptions and boom everything will fall back to be affected by it.

As for the impact and change itself, it's not something that everyone can do... first of all, you have to be strong enough (mentally and financially capable) to make a big enough wave that can do something more. This carries great risks, if the powerful (people who control countries, institutions, media, etc.) do not like it and see a threat in you, you can immediately count on having gained very powerful enemies who are not afraid of anything.

The system was designed a long time ago, and it serves to keep the most powerful at the top. I don't mean all rich people, make a difference between power and wealth... the powerful are extremely rich, but not all rich are powerful people. Some people tried to make changes and they got removed. Take Satoshi Nakamoto for example...why did he invent something that can change the system and then disappear?

Will the ocean become any less if you take out a glass of water from it? Or will it seem to become bigger if you pour a glass of water into it? No, you will not see any immediate results by doing any of the two things I have mentioned and the reason is that the ocean is too big for you to make a difference in it alone. It might make a difference if there are millions of people trying to make a change by doing the exact same thing together which will create some force that might make a change.

Economic systems are the same, they are too big to have any impact on something an individual does, so even if you try very hard, as long as the things you are doing are on an extremely small scale, that isn't going to make a dent. You need more power to make that happen, and power can come from different things, money is the main source.

When you say we, I hope you know the government is nobody but we. If you remember the basic definition of government. It's a government of the people by the people and for the people but do we really practice that democracy? The answer is No, what we practice is the government of group of wealthy people that makes decisions and policy that will make them rich and richer while the common person suffer as if we don't really have a say in their decisions.

If government make a policy that is not favorable, we have the right and freedom to reject it but because there is bunch of clowns surrounding us and wouldn't form a unified voice, this becomes impossible. The economy can change direction but first of all, we need a uniform voice and say no is enough but since corruption is something that is tempting to a lot of people, this will be impossible like I said because the economy will only go the way the rich people want.

The same thing is happening in my country. Politicians spend so much money for elections buying votes and bribing the electoral officials and the court to get favourable judgements. And they will want to recover all they have spent and make some profit.

The government is controlling the people through tax and anti-people policies. Recently the president of my country bought a new private jet and yacht meanwhile he is encouraging the people to endure economic hardship. They have increased crypto and other taxes. We all know that the world is facing terrible economic problems but leaders should maximize available resources instead of lavishing them. The number of middle-class households in society is reducing because of bad policies.

ways governments/banks manipulate the economy

real estate:
to manipulate and change the market direction so homes either sell at a price below or above 'comps' the banks that have just a few foreclosured homes sell to other banks or partners(circular) at a PAPER loss/gain of 'comps' to show a market change of 'comps' in the direction they want at a near zero real cost to them, which then affects all other homes in the area that does have a real market reaction

they also obviously change the interest rates to control who can afford to buy/re-mortgage homes and also for those on variable mortgage can price people out of continuing to afford to pay the payments

they can lobby local government that certain area's need to be gentrified/regenerated and cause forced purchase on properties they want as part of their project, or they lobby local government to not be funded in the maintenance/repair/cleanliness and appearance of an area to let a certain area become less appealing

government can enforce if foreign entities can own property domestically

governments can fund house building of private developers(low cost home grants) which affects supply/demand of existing homes

normal people cant fight those real estate tactics
the only thing people can do is to refuse to sell to corporations/foreign countries. however thats not a straight forward thing to do when people are forced to sell/foreclose and the only option is those corporation/foreign entity

retail:
government can choose when and to what amount to increase minimum wage to and other financial benefits affect the low income workers which can affect the retail goods prices. eg enforce matched pension, offering tax reliefs or enforcing tax revenue which all can affect retailers underlying costs. aswell as things like import taxes and also temporary immigrant labour laws for farm workers affects the costs of groceries in the end
fuel taxes and laws that affect the overall cost of the fuel market. EG can a business buy fuel at a government subsidised rate, or at a domestic rate compared to international market rate which then affects costs of goods

normal people cant fight those retail cost factors

the only thing people can change is if they 'buy local' to keep funds within the region/country.. as oppose to the retailer importing thus throwing money at other countries

Yes, I accepted that. Most of the governments are corrupted and governments are taking bad steps for their country. Every government has to take good step for their country if they want prosperity in their country but they don't want to do anything for their public. Poor people are becoming more Poorer because of their government and all governments spent their money on election and they got votes by many illegal ways, So they  want to earn money and they want to compensate that. Few governments take good steps for their public and they think about the comfort of their public but mostly governments are trying to withdraw all money from public money, I mean from tax.

It is a painful truth that we can not influence the economy on the macro level as ordinary citizens we're left at the mercy of the leadership capacity of our politicians. People that lives in underdeveloped countries, despite their experience and professionalism to make their economy better, it won't be easy. If their government is not proactive and cares for the development of their citizens they won't prosper because it's the government that makes decisions that will affect their economy. The only thing that is left for individuals in a country that wants to see progress and have a better life is to be the change that they want to see. In any small capacity that you can make your life and the economy better is what you should focus on.

The only thing we can do is vote for people we trust more than the current government. But what guarantees that the new government will treat us as well as they promised? Are politicians trustworthy? Because as far as I can see, I have not seen anyone who is proud or praising their government even though they have changed many presidents. 

From what you say, I guess you are referring to Bangladesh, which recently went through a coup and change of government. But I want to know, what guarantees are there that their new government will be better than the old one? And if the new government is also corrupt and breaks its promises, will we continue to seek to overthrow the government?

I don't think that going on strike, protesting or engaging in anti-government activities is the solution. That will cause a lot of damage to us as well as the country's economy.