Thursday, August 16, 2007

Survival of the Fittest

Economics has always been a major player in creating relationships between two door to door merchants up to relationships among countries. Since day one, economics has existed. In some way.

One of the first examples we learned in the school of economics was "the salad example". Simple. One person grows lettuce and another grows tomatoes. The only way for each of them to eat a good salad with both lettuce and tomatoes is for them to barter. The first gives some lettuce in exchange for tomatoes and vice versa.

The same system exists until this day. We all remember the Iraqi oil for food program. Food to the Iraqi people in exchange for oil. Good deal! Even this program was hijacked by money lovers. No other than Mr. Kofi Anan’s son: Kojo Anan.

Anyway, let’s not get into the details.

All I want to say is that I have always been a supporter of the school which promotes free competition. It simply gives tendency to improve the quality of the products and services we consume on a daily basis, and it drives prices down. A win-win situation for both the seller and the buyer.

Still I have doubts. I believe we have been entering an era of monopolies. Yes. One single company or organization taking control of a whole industry. This company or organization can be a country.

For those of you who think I’m exaggerating. Ok. No monopolies. But oligopolies. I’m not trying to impress you with the words I'm using. But they should be known to any person. At least to those who have studied business administration or economics, or simply to those who read some business reviews.

Oligopolies, or small group of companies that control a specific sector, exist. Look at OPEC for example. Another one. Look at the G8 summit. Decisions taken by a small group of people and that affect the whole world.

Looking at what has been taking place around this world, I wonder if communism should still be that much criticized. Or why take it to the extreme. I don’t want to sound too “Stalin”. But maybe we should reconsider some old theories thrown by Marx for example. Maybe people like Guevara should be brought back from the dead.

Most of all. Maybe religion should be put away. Economics and religion can never work together. Economics is the art, and not the science (at least for me), of supply and demand while religion is the science of supply. Yes. Calculated based on how much the people give to their lords.

Again. Should the Marxists be criticized? I’m not sure. Maybe we should reconsider. Schools and universities should update their books every few years. The world is changing on the other end.

Communism and other ideologies can be rejected today but welcomed tomorrow.

Finally, isn’t communism rejected for its extremism? Aren’t imperialism and capitalism also extremes?

Why aren’t they rejected?

At least publicly.