Now days inflation bis increased,and the problems of world economy still hitting the world,is it possible to recover under the Ukranion war,how can we recover?
Economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics. (Ludwig Von Mises (1963). “Human action: a treatise on economics”).
Imo, Tareq Abdhilkadhim Naser Alasadi , the key point is not to control the world economy (which is the perennial political aim of historical rivals in the dynamic global power architecture per the final supremacy of armed force), but there exists no physical alternative to sustainable economic growth and development.
Without a new Westphalian peace treaty system and a new Bretton Woods like system, we will end up in a survivalist territorial endgame as WW3 is getting viral.
To my current knowledge, sustainable monetary agency is the key to coordinate human economic activity; this includes the insight and acceptance of the physical (natural) limits of any monetary system,
despite political wish lists of any kind.
https://philpapers.org/archive/TERSMA.pdf
https://mpra.ub.uni-muenchen.de/54835/1/MPRA_paper_54835.Pdf
The market system is the basis of our civilization. Its only alternative is the Führer principle. (Lv Mises).
Value is not intrinsic; it is not in things. It is within us; it is the way in which man reacts to the conditions of his environment. Lv Mises.
, Human Action: A Treatise on Economics
What makes you think it needs ``control''. As long as humanitarian issues are included in the idea of ``control'', the system will cost more than it returns - that is it will fail and that failure will cause more humanitarian damage than without the control. Nature dictates weak die. The Westphalian system must have no control/laws affecting the internal workings of members (that is what caused its problems). The Bretton woods failed (is failing) because the system requires some leading economy to support the others. As long as the trade advantage worked in both the recovering nations' and the market provider's economy, it worked. But now that is no longer true and the US, like Briton before, cannot sand the strain. So, ``How will humans resist the humanitarian impulses'' is the real issue.
John Hodge Have some difficulty to understand the last sentence. You mean possibly, humanitarian wish lists will not add to the real solution of key economic imbalances in the world system.
Stephen I. Ternyik
Yes, partly. Further, injecting humanitarian impulses doom the attempt at balance. Within ``humanitarian'' is the attempt to ``educate'' the other nations on the ``benefits'' of some ideology such as democracy. Or as we are now witnessing in the Netherlands by Brussels climate initiative.
The European Green Deal is our new growth strategy. It will help us cut emissions while creating jobs (Ursula von der Leyen, President of the European Union’s executive Commission, laid out the details of her “European Green Deal”). You surely mean this initiative John Hodge
European Commission President Ursula von der Leyen is now in the running to be the new head of NATO; she would not have to relocate as both institutions are in Brussels (Belgium), which is also her birthplace.
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Only one Member of Parliament left a hospital chemotherapy bed in a wheelchair to vote for the bill that triggered Article 50 and the process of leaving the European Union. That was me.
Nick Boles
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