July 8, 2018
Dear Subscriber:
Each week we examine a theme from a variety of points of
view. The theme for this week is politics in honor of Independence Day (USA),
which is celebrated on July 4th.
I welcome comments on my poems at https://nicholasgordon.blogspot.com
.
A set of proverbs on the relationship between politics and
economics:
Principles of Political Economy
1. Political and economic activity are motivated primarily
by perceived self-interest.
2. Immediate self-interest is more powerful than deferred
self-interest unless one believes that the benefits of deferred self-interest
will be equitably distributed.
3. Therefore just laws, strictly and equitably applied by a
legitimate authority, are required if deferred self-interest is generally to
prevail.
4. Productive activity in pursuit of deferred self-interest
is the source of wealth.
5. The following conditions stimulate such productive
activity: just laws equitably applied; individual rights and freedoms; security
of property and person; political and economic stability; education; equitable
distribution of opportunity; equitable distribution of wealth; developed
infrastructure for production, transportation, and communication; available
credit; a stable currency.
6. Neither a pure market economy nor a State-controlled
economy is conducive to the development and maintenance of these conditions.
7. The proper balance of State intervention and market
control is measured economically but determined politically.
8. While temporary restraints on trade may be beneficial, in
general the freer the movement of goods, services, and investment, the greater
the stimulation of productive activity, and therefore the greater the wealth.
9. The productive activity of each contributes to the wealth
of all. This is as true of nations within the world economy as it is of
individuals within a national economy.
10. The globalization of political and economic activity
will increase global wealth only to the extent that the conditions listed in
(5) above prevail globally.
© by Nicholas Gordon
If you enjoyed these proverbs, please like, comment on, or
share them so that they might be seen and enjoyed by others. To see them on my
site, go to https://www.poemsforfree.com/poleco.html.
For more poems and proverbs about politics, go to https://www.poemsforfree.com/politicalpoems.html
.
This week’s theme: Politics