According to the Trickle down theory that was implemented strongly by Margaret Thatcher in Britain and Ronald Reagen in United States if big businessmen and businesses are given concessions and benefits then the resulting economic growth because of that will trickle down to the lowest strata of the society.
Time has shown that this model is fundamentally flawed and the politicians probably implemented this Trickle Down Theory in connivance with the crony corporates who helped them in election campaign by money and other means thus enabling them to become Prime Minister or President of their respective countries. In return these politicians implemented the Trickle Down Theory to make the crony corporates richer.
That's why we both in US and India the top 1% or 2% have more than 50% of the wealth while the bottom 50% are left with little or no money. In India the situation is worse the bottom 20% don't even get two square meals a day at least US the so called richest nation on earth has this system of food stamps that makes sure that no one goes hungry.
The failure of Trickle Down Theory make it imperative for a new policy to be implemented and I firmly believe that it should be something that's exactly opposite to the Trickle Down Theory. The Trickle Down Theory was a top down model that hasn't worked.
I think what would work is a bottom up economic model in which the economic benefits and concessions should target the poor the lowest strata of society. Effort must be made to make them productive by teaching them vocational skills or making it possible for them to educate themselves through zero cost or low cost subsidized education.
Each family must given some land for free to build their own house and in case of very poor people or people with disability the state must take care or their needs for food , shelter, clothing and medicines. The benefits of this Reverse Trickle Down Theory is that the economic benefits that people get makes them healthier , better educated , better informed and more productive people who can contribute more to businesses as workers or they may start some business of their own. This would ultimately result in greater purchasing power of the individual and this will benefit the existing business since they will have to procure products and services from them.
The Trickle Down Theory has failed miserably, what we want is a better world , a better global economic order where wealth is distributed more fairly. Of course a doctor will always make more money than a sweeper because of the skill and education levels of the doctor and not all can become doctors. At the same time we don't want a situation where the sweeper is living without any savings , has no access to quality education and quality medical care.
Corny Capitalism has come from the greed of a few individuals , crazy greed, since most of them are unable to use the money they make in their lifetime neither they are happier than middle class people but out of their madness the simply end up taking away the rights and resources that belong to the masses.
Mahatma Gandhi said “The world has enough for every man's needs, but not enough for every man's greed.” The words of the Mahatma are true in every sense and we need to make sure that a the greed of few individuals does not end up hurting the lives of millions.
Time has shown that this model is fundamentally flawed and the politicians probably implemented this Trickle Down Theory in connivance with the crony corporates who helped them in election campaign by money and other means thus enabling them to become Prime Minister or President of their respective countries. In return these politicians implemented the Trickle Down Theory to make the crony corporates richer.
That's why we both in US and India the top 1% or 2% have more than 50% of the wealth while the bottom 50% are left with little or no money. In India the situation is worse the bottom 20% don't even get two square meals a day at least US the so called richest nation on earth has this system of food stamps that makes sure that no one goes hungry.
The failure of Trickle Down Theory make it imperative for a new policy to be implemented and I firmly believe that it should be something that's exactly opposite to the Trickle Down Theory. The Trickle Down Theory was a top down model that hasn't worked.
I think what would work is a bottom up economic model in which the economic benefits and concessions should target the poor the lowest strata of society. Effort must be made to make them productive by teaching them vocational skills or making it possible for them to educate themselves through zero cost or low cost subsidized education.
Each family must given some land for free to build their own house and in case of very poor people or people with disability the state must take care or their needs for food , shelter, clothing and medicines. The benefits of this Reverse Trickle Down Theory is that the economic benefits that people get makes them healthier , better educated , better informed and more productive people who can contribute more to businesses as workers or they may start some business of their own. This would ultimately result in greater purchasing power of the individual and this will benefit the existing business since they will have to procure products and services from them.
The Trickle Down Theory has failed miserably, what we want is a better world , a better global economic order where wealth is distributed more fairly. Of course a doctor will always make more money than a sweeper because of the skill and education levels of the doctor and not all can become doctors. At the same time we don't want a situation where the sweeper is living without any savings , has no access to quality education and quality medical care.
Corny Capitalism has come from the greed of a few individuals , crazy greed, since most of them are unable to use the money they make in their lifetime neither they are happier than middle class people but out of their madness the simply end up taking away the rights and resources that belong to the masses.
Mahatma Gandhi said “The world has enough for every man's needs, but not enough for every man's greed.” The words of the Mahatma are true in every sense and we need to make sure that a the greed of few individuals does not end up hurting the lives of millions.
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