How can we make this world economically better?

[supercanada1]

The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?

this is good point if the rich people leave the selfishness in country then economy of country can serviced if they give some jobs in their business to those people who are homeless and uneducated they will work like survived people then they can spend money on education for their childrens they will change their life standard if we rich people do some help with poor people the economy can be better.

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[Indrawan77]

The most important thing to make human survive is providing a job opportunity, most of the poverty case in the world because the people can't find any way to earn money, if the government can attract more investors to open companies and there are tons of job opportunities then the citizen could make a living, when they given chance to work and sharpen their skills then they can increase their life quality

[BitHodler]

for growth the economic  system rich people should made a factories and business and give jibs to there poor then they will servived and work do as a employment in economy.

Poor people might produce cheap labor, but robots are way cheaper and can continue doing their job 24/7 instead of regular working shifts that employees are subject to. It's a process that is already ongoing and picking up pace.

Those behind the factories don't care about creating job opportunities, they just want to get everything done in a way that keeps every penny in their pocket if needed, human labor is too expensive.

There are numerous examples of factories representing various industries being +90% automated, where the only human input comes from those looking if everything works as it should. It's just the beginning.

[victoryana]

On the side of the government, we should change their minds with these digital coins, we should provide legal frameworks that facilitate both investors and companies. we are more cleve

[kasansa]

The main problem is between the skilled labour and worker they work hard but wages low same time the company it self pay a huge amount to their ceo's managers and technicians as thier salaries this leads difficult to a poor worker irrespective of not only industries but in all walks of commercial establishment is a hurdle to a comman man to improve his quality in our society. As long as how far this huge salaries will continue this economical gap will continue.

[waqasniaz007]

On the side of the government, we should change their minds with these digital coins, we should provide legal frameworks that facilitate both investors and companies. we are more cleve

Digital coins are not solution of this problem, Most of the people are illiterate and they don't know anything about internet and usage of these coins,  Lack of education is also problem and mostly labours are uneducated.

[xiwanfd]

The gap between the rich and the poor is now widening in the world economy, with the United Nations investigating the fact that the top 1 percent of the world's richest people now have more than 50 percent of their wealth.

I think the world of cryptography is a huge step in changing the world's adherence to decentralization.

[HoardApp]

By making "money" available and fungible to those without --- through cryptocurrency and blockchain technology of course.

[pat4cryptoreal]

The formula still remains the same. The formula  is the rich get richer and the poor get poorer because money is needed to fund good projects and ideas. Now with blockchain technology the tide is turning. Good projects and ideas is being funded through crowdfunding so if blockchain technology is allowed to continue to exist the world will have a better economy

[shinchan123]

The society is divided into haves and haves not, poor people are getting more poorer and rich people are getting more richer, Value of money is decreasing and inflation is increasing, Many people around the globe suffer death mostly Africa and asia because hunger and unable to fulfill basic human needs.
What actions should governments need to take and how individuals can contribute?

The government should start reducing tax because it is one of the main causes why people or any individual would find it hard to strive in a certain country, and when many individuals experience the same problem, it has a tendency to affect the economy of that same country. So, reduction of taxes is the key.

[cheeseandcrackers]

This is a really complex problem that can't be solved in one fell swoop.  It would take many layers of solutions over top one another.  Personally I think education is a huge problem that leads the economic instability.  We should have a flat tax across the board determined by whatever the annual budget is.  Things like general infrastructure have been suffering everywhere, but on top of that we need to provide a better education for average citizens, including university.  By creating better educated people, we can then have higher skilled people existing in the workforce.  Eventually low end jobs are going to be phased out of society in a big way, much the same as assembly lines phased out workers 50 years ago.  AI is advancing, technology is advancing rapidly across the board as well.  Soon there wont really be low end jobs for all the people that need them.  Society shouldn't punish people for simply being born in the wrong place and time, we need to take care of our citizens.  See that everyone gets a similar opportunity, then we can all make the world a better place for everyone.

[dado7]

Since there is enough food, water, and energy for everybody in the world, the problem obviously isn't in the lack of the supplies (at least not in the current moment, and when there will be - the technology will be able to help) but in the wrong distribution, which is powered by money. Hence the creation and distribution of money must be regulated in a different way.

Currently, the money in most of the world is created solely through banking multiplication. This creates both debt and inflation (hence the counter-argument of those speaking against the primary emission (money created by governments) that the primary emission leads to inflation and hence cannot be used is obsolete). The system of creation of cryptocurrency coins/tokens is a nice example of a working alternative to primary emission. It is quite revolutionary, if you ask me.

Banking multiplication works in such way that if you deposit, say 1000 USD in the bank, they take say 600 USD (depending on the mandatory reserve which differs from country to country) and lone the same 600 USD to 10 other people. New money is created, and for each of those, the bank will receive back, not 600x10, but 600 + interest rate x 10. The interest rate is a legal profit for the banks. Since the mandatory reserves are (in this case) covering only 40%, this is the reason why a bank run (everybody demanding their deposit back at the same time) can destroy any bank in a short period of time.

However, if the only money, or the most of the money, in the system is created through this kind of loaning business, then you can never create a new free money that will cover the newly created value in the world (new production, know-how etc., all those need to be "covered" by money in the non-barter system, otherwise the only means to exchange them would be - barter, a direct trade - good/service for a good/service). Hence, you need to make new banking multiplications and create new debt and new inflation.

Furthermore, we have a problem with social and economic systems and the distribution of the money. We either have a fully centralized economy where the Governments are only or mostly working for the benefit of themselves or you have free economies which tend to segregate rich and poor again (the natural law: the survival of the fittest (never mind if the fittest are the most honest or not)). We can debate whether the latter is good/natural, or not, but let's say for the sake of the purpose that it's not. Hence we need a system that is enforcing free economy (it is simply not in the human nature to stay on top with the clear head, hence the "good despot" is only a myth, and the minor examples in which it would work, or had worked, are simply not enough to maintain sustainability) but with just a little bit of correctional interventionism (something similar to what the economy theoretical Keynes proposed). The problem of a poor interventionism made by poor governments can be solved by a kind of AI or in-built interventionism in which a cryptocurrency with a system of smart contracts could be "just what the good doctor prescribed".

[Persiville]

Since there is enough food, water, and energy for everybody in the world, the problem obviously isn't in the lack of the supplies (at least not in the current moment, and when there will be - the technology will be able to help) but in the wrong distribution, which is powered by money. Hence the creation and distribution of money must be regulated in a different way.

Currently, the money in most of the world is created solely through banking multiplication. This creates both debt and inflation (hence the counter-argument of those speaking against the primary emission (money created by governments) that the primary emission leads to inflation and hence cannot be used is obsolete). The system of creation of cryptocurrency coins/tokens is a nice example of a working alternative to primary emission. It is quite revolutionary, if you ask me.

Banking multiplication works in such way that if you deposit, say 1000 USD in the bank, they take say 600 USD (depending on the mandatory reserve which differs from country to country) and lone the same 600 USD to 10 other people. New money is created, and for each of those, the bank will receive back, not 600x10, but 600 + interest rate x 10. The interest rate is a legal profit for the banks. Since the mandatory reserves are (in this case) covering only 40%, this is the reason why a bank run (everybody demanding their deposit back at the same time) can destroy any bank in a short period of time.

However, if the only money, or the most of the money, in the system is created through this kind of loaning business, then you can never create a new free money that will cover the newly created value in the world (new production, know-how etc., all those need to be "covered" by money in the non-barter system, otherwise the only means to exchange them would be - barter, a direct trade - good/service for a good/service). Hence, you need to make new banking multiplications and create new debt and new inflation.

Furthermore, we have a problem with social and economic systems and the distribution of the money. We either have a fully centralized economy where the Governments are only or mostly working for the benefit of themselves or you have free economies which tend to segregate rich and poor again (the natural law: the survival of the fittest (never mind if the fittest are the most honest or not)). We can debate whether the latter is good/natural, or not, but let's say for the sake of the purpose that it's not. Hence we need a system that is enforcing free economy (it is simply not in the human nature to stay on top with the clear head, hence the "good despot" is only a myth, and the minor examples in which it would work, or had worked, are simply not enough to maintain sustainability) but with just a little bit of correctional interventionism (something similar to what the economy theoretical Keynes proposed). The problem of a poor interventionism made by poor governments can be solved by a kind of AI or in-built interventionism in which a cryptocurrency with a system of smart contracts could be "just what the good doctor prescribed".

That is the disadvantage when you cannot sustain yourself and fight to survive. This life is like a game, and money is how we score. That analogy might be right, because in order for us to sustain ourselves and survive, we have to earn money and buy the things we needed. That is not what a certain government can give or change easily.

[BertoloyBTC]

The first start is with the people, the people should be educated about conservation of energy and supplies , people should be inform financial freedom , If this bitcoin can really help improve peoples lives , then introduce this kind of technology to people who are suffering financial problems, so that as improvement of everyones life  through bitcoin can have a little help to the economy then continue this practice.

[Ridwan Fauzi]

As a person who is trusted by the people of the government should be able to manage all issues for the welfare of his people, do not just enjoy all the processes he had as when becoming part of the government. They actually know all the problems that happened in the country, it's just they are comfortable with life that he felt without thinking about the condition of the people.

To reduce the inflationary risk to the state, the government can actually advise its people to invest. By investing, for instance, investment in cryptocurrency by investing money owned by the people can be stored well and will remain valuable despite the condition of the country experiencing inflation.

[Betwrong]

Since there is enough food, water, and energy for everybody in the world, the problem obviously isn't in the lack of the supplies (at least not in the current moment, and when there will be - the technology will be able to help) but in the wrong distribution, which is powered by money. Hence the creation and distribution of money must be regulated in a different way.

Currently, the money in most of the world is created solely through banking multiplication. This creates both debt and inflation (hence the counter-argument of those speaking against the primary emission (money created by governments) that the primary emission leads to inflation and hence cannot be used is obsolete). The system of creation of cryptocurrency coins/tokens is a nice example of a working alternative to primary emission. It is quite revolutionary, if you ask me.

Banking multiplication works in such way that if you deposit, say 1000 USD in the bank, they take say 600 USD (depending on the mandatory reserve which differs from country to country) and lone the same 600 USD to 10 other people. New money is created, and for each of those, the bank will receive back, not 600x10, but 600 + interest rate x 10. The interest rate is a legal profit for the banks. Since the mandatory reserves are (in this case) covering only 40%, this is the reason why a bank run (everybody demanding their deposit back at the same time) can destroy any bank in a short period of time.

However, if the only money, or the most of the money, in the system is created through this kind of loaning business, then you can never create a new free money that will cover the newly created value in the world (new production, know-how etc., all those need to be "covered" by money in the non-barter system, otherwise the only means to exchange them would be - barter, a direct trade - good/service for a good/service). Hence, you need to make new banking multiplications and create new debt and new inflation.

Furthermore, we have a problem with social and economic systems and the distribution of the money. We either have a fully centralized economy where the Governments are only or mostly working for the benefit of themselves or you have free economies which tend to segregate rich and poor again (the natural law: the survival of the fittest (never mind if the fittest are the most honest or not)). We can debate whether the latter is good/natural, or not, but let's say for the sake of the purpose that it's not. Hence we need a system that is enforcing free economy (it is simply not in the human nature to stay on top with the clear head, hence the "good despot" is only a myth, and the minor examples in which it would work, or had worked, are simply not enough to maintain sustainability) but with just a little bit of correctional interventionism (something similar to what the economy theoretical Keynes proposed). The problem of a poor interventionism made by poor governments can be solved by a kind of AI or in-built interventionism in which a cryptocurrency with a system of smart contracts could be "just what the good doctor prescribed".

I agree with the most part of your post. In fact I had expressed very similar views in my earlier post in this thread, in short, that the problem is not in the lack of wealth but in the unequal distribution of it. I even feel that you are trying to say something interesting and valuable in your last sentence, but I just can't get it. Can you please elaborate it little more?

[Tynovten_]

Maybe the world need to read how the turkey president Mr. Erdogan build turkey for these last 10 years, the economic development is amazing even there just 20% unemployment left there. From the leader that before so far from the now accomplishment.

Education is superiority from the economic development. Beside that the equivalent of every people need to be watched.

[dongyi17]

I think the government should provide a quality education for the people...produce many job opportunities and secure the welfare of the nation as well as good governance so that many investor would invest in one's country...and also part of these are is instilling good values in everyone so that they themselves will strive hard to be better person ...bitcoin then helps lessen the unemployed in one's country

[Chint_82]

if in my opinion, the power to change fate is from oneself, who strives to achieve his wishes will surely come true, and the government's efforts in this regard in my opinion are to support and provide facilities to individuals to grow, here is my opinion about this

[Activitycoin]

actually crypto world is a huge step for change this world to comply decentralized, as a crypto investors-fans-supporters will be a part of this change.

Yes for sure crypto will appears as best source of making our economy better and safe, so I think it is good to promote bitcoin in our country as much as possible because it is the only way to have better economy, investors are increasing investment and price of bitcoin, so I think gradually bitcoin is appearing as part of our daily life which gives job to unemployed and gives profit to investors, a lot of people are now rich because of bitcoin.