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Author Topic: We care about the economy, but we can't change its direction  (Read 595 times)
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September 05, 2024, 08:57:09 AM
 #1

Almost everyone is concerned about the economy: prices, housing, wages, stock market fluctuations… Yet, despite our intense focus on these issues, as ordinary individuals, it seems like we can't make a dent in them. Economic policies, global markets, and decisions made by big companies often dictate the direction of the economy, and we can only passively accept it.

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?
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September 05, 2024, 09:13:29 AM
 #2

If you think you're powerless, then you're powerless, as simple as that.

Someone who know his value and power will not think like that, example you're top 10 successful businessmen in your country or a president, you will not think you're powerless because you know you have a lot money or you have the biggest power to control your country.

If you're not 10 successful businessmen or a president, you can't influence the economy.

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September 05, 2024, 09:31:46 AM
 #3

People care about the economy like prices, housing, wages...because it directly affects their lives and they care about it to find ways to balance their lives. I don't think everyone who cares about the economy wants to change the direction of the economy.

Personally, I have never spent time trying to find a solution to save the economy or do anything to change it because it is beyond my ability, so I don't want to waste time on that. Instead, I look at economic fluctuations to find solutions that help me adapt to them, and that's what we should be aiming for. Instead of criticizing or offering vague solutions when we don't have the knowledge, expertise and ability to change them.

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September 05, 2024, 11:21:29 AM
 #4

Almost everyone is concerned about the economy: prices, housing, wages, stock market fluctuations… Yet, despite our intense focus on these issues, as ordinary individuals, it seems like we can't make a dent in them. Economic policies, global markets, and decisions made by big companies often dictate the direction of the economy, and we can only passively accept it.

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?

We can vote for a political party or a candidate, that can change the economy, if they gather enough votes and get elected.
This is our only power, but it only applies to people, who are living in a functioning democracy. The people living under authoritarian or totalitarian regimes don't have such power. Electing your favorite politician or party sometimes can lead to a worse situation, because the politician/party often forget their promises and start doing the opposite of what they've promised.
Other than this, we can't do anything to change the economy. We can only adapt and try to take benefit from the economical and financial situation in our countries and the world in general.

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September 05, 2024, 01:53:52 PM
 #5

Almost everyone is concerned about the economy: prices, housing, wages, stock market fluctuations… Yet, despite our intense focus on these issues, as ordinary individuals, it seems like we can't make a dent in them. Economic policies, global markets, and decisions made by big companies often dictate the direction of the economy, and we can only passively accept it.

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?
We genuinely care about the prices of of wages, housing, stock market fluctuation and the general price of goods and services in our economy because it affects us directly. The question of if we are powerless, let's get it clear, the Government are the ones that collect revenue on our behalf, they generate income from our tax, they do that because it's believe those money are meant to use and run the system effectively, so that housing and goods and services can be affordable for the citizens.

 Now when the government refuses to play her own part, it then means there is a breach of agreement on the side of the government on not fulfilling her part, so in a bid to show to the government that they are not being proactive to our plight, is either we protest or we wait till election comes we vote them out, to vote in leaders that will help solve our problems. In doing so it has shown that the office of the citizen is not powerless but one of the most powerful office you can occupy.











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September 05, 2024, 02:15:00 PM
Last edit: September 06, 2024, 06:58:42 PM by Fiatless
 #6

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?
The government controls almost every aspect of our lives and it is frustrating sometimes. Big companies enjoy monopoly and it becomes difficult for consumers to stand against their exploitations. We are not powerless since some of these governments a democratically elected. So we can vote them out during the next elections. If we are not comfortable with the present government, it should be reflected in our vote in the next elections.

Another potent means of showing that we are not powerless is through industrial actions (strikes) and protests. This year there were several protests which led to the change of policies and even governments.  

Adjusting to the system of high inflation and imposition of high taxes is becoming unbearable, so we need to put in place a government that is willing to alleviate the sufferings of the masses. Corrupt leaders should be forcefully thrown out of office by all legal means.  

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September 05, 2024, 03:02:37 PM
 #7

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?
You may not have the capacity to make any significant change about the economy but what you need to do despite the harsh economy is just for you to try your best to focus on yourself to make things better for you. If you concentrate on the economy and inflation it can make you to lose focus and give up on the things which you will do that will bring value to you.

Do you know even when the economy is tough some people still make money for themselves,  it is an opportunity for some people to generate more money. Those who benefit in difficult economy don't focus on the economy but they think of what to do which can solve the problem of the masses. Don't wait for the government to solve economic problems, but think how you can manage to survive in the crisis.

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September 05, 2024, 06:51:56 PM
 #8

I need to say that to change something big like a country's economy which obviously requires political decisions that issue economic policies requires a great personality, you can't change it if you don't have a clear basis for doing or conveying things that cover the macro economy.

But you can improve yourself, you can do it starting with your family's economy, you can touch it, look for opportunities in every bad thing that exists and if you can defend yourself much better than people who are struggling in your environment, it means you have succeeded in changing the economy even though it's only your family's scale.

If you think you're powerless, then you're powerless, as simple as that.

Someone who know his value and power will not think like that, example you're top 10 successful businessmen in your country or a president, you will not think you're powerless because you know you have a lot money or you have the biggest power to control your country.

If you're not 10 successful businessmen or a president, you can't influence the economy.

This cannot be touched by the little people who have nothing, when they speak out it will definitely be considered a passing wind, because those who have a much better position understand what the situation is like now, they are looking for solutions while saving themselves, entrepreneurs and presidents also cannot act carelessly, he must see the domino effect of the good and bad that is obtained if he takes action to make changes.

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September 05, 2024, 07:35:27 PM
 #9

That’s why they call us “dumb money”. They don’t call small investors like us “dumb money” because we are dumb literally. It is because we can’t get organized and act like one entity.

Smart money on the other hand, they are organized. Only a few people control the majority of the total wealth and they all act the same way at the same time. When they realize they should unload assets, they all do it at the same time.

Dumb money can have a chance to win if they get smarten up and but that’s never going to happen. As you noticed, if they were acting smart and organized, people wouldn’t call them dumb money in the first place.

Some small investors who control dumb money can win every once a while and that’s not very uncommon. But when you look at the bit picture, the majority of the small investors are losers.

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September 05, 2024, 08:57:49 PM
 #10

People care about the economy like prices, housing, wages...because it directly affects their lives and they care about it to find ways to balance their lives. I don't think everyone who cares about the economy wants to change the direction of the economy.

Whether we like to talk about this or not, whether we want to be associate ourselves with the current economic realities bedeviling my country or not, the reality is that we are affected by it and we must work towards alternative ways to live a better life.

Unfortunately, we have a government in Nigeria  that's irresponsible with their performance on the economy, making it a continuous unfortunate situation for our citizens at all time. The mismanagement of the Nigerian economy is unprecedented and that has given birth to the crisis we face together as individuals and as communities.

 As individuals, many people have gradually become incapacitated to the point of having no food to put on their tables, while many continue to become homeless and a lot more becoming harmful to their society bringing about the heightened insecurity in my country.

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September 05, 2024, 09:24:16 PM
 #11

Globally we dont have that much power but that doesn't mean we can't change the economy for ourselves and our families because in the end we can still do that and it is us who have to change it so that our economy is better.

Currently we are in a difficult condition for economic problems but that doesnt mean we cannot survive because in the end to make our economy better we do not need to change the global economy to improve because we will not be able to do that but we can change ourselves so that the difficult conditions of the economy due to inflation and other problems are not too disturbing. This can happen when we focus on what we want to achieve and can manage our finances well by stabilizing the income and expenses that we do today.   Don't push too hard to make changes to the global economy if we are not up to it, it is enough that we can make changes to our lives in terms of the economy so that we and our families are maintained in the midst of an increasingly difficult economic crush then that is enough.
 

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September 05, 2024, 09:40:14 PM
 #12

You may not have the capacity to make any significant change about the economy but what you need to do despite the harsh economy is just for you to try your best to focus on yourself to make things better for you. If you concentrate on the economy and inflation it can make you to lose focus and give up on the things which you will do that will bring value to you.

Do you know even when the economy is tough some people still make money for themselves,  it is an opportunity for some people to generate more money. Those who benefit in difficult economy don't focus on the economy but they think of what to do which can solve the problem of the masses. Don't wait for the government to solve economic problems, but think how you can manage to survive in the crisis.

Everyone knows that the economy is bad but their is not we can actually do to change it than to accept it the way it is because we have tried if anyone have been following what have been happening in kenya due to economy issues we can not continue to suffer in the hands of those we elected i so much respect the courage of those guys because if even they were unable to change some things at least everyone commended their effort and it is a good thing i expected Nigerians own to also go towards the same direction but the whole thing is been threaten by armed forces, and if we try and things are not getting better we can not starve all we can do is our best for our self, and also go back to the old ways all this modernization is becoming out of reach for people even medications.

people will always find a way of making money for them self and this is a decision all of us must be ready to make if it does not work then we try out a different one because we can not give up now at this point the government have extorted us to much that they don't even know what ways they can use again to extort money from people. and i love what you said about not focusing on the economy but rather focusing on how to make things better for our self, even if we want to wait for the government have we not waited enough for them to actually fix this particular problem they have created.
 

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September 05, 2024, 09:41:05 PM
 #13

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?

If we are part of the collective effort to influence the economy then we are not powerless.  Economy cannot be influenced by a single normal person but with collective action of these normal people, it can at least make the economy react.

As a single person it is too much for me to shoulder and think of solution to correct the economy.  I'd rather make a strategy where I can cope with the changes without lacking in financial area.  I have the power to improve my personal economy so just like the reply above me stated.  

Rather than thinking of the problem and sulk because of the helplessness of changing it, I'd rather prepare myself and do certain measures that enable me to sustain myself and my family.

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September 05, 2024, 09:53:03 PM
 #14

I think this completely depends on where we live in the world.  Some of us have more power than others based on our voting rights.  Say like for myself here in the United States, we do have the power for change, however it's not as easy of a "fix" as it might seems as with our current two party system, we only have the illusion of "choice".  If we voted for changed in how we elect officials, then I believe we truly could make meaningful change that would then allow us to be able to change our economic outlook/output.

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September 05, 2024, 10:21:14 PM
 #15

Almost everyone is concerned about the economy: prices, housing, wages, stock market fluctuations… Yet, despite our intense focus on these issues, as ordinary individuals, it seems like we can't make a dent in them.
We can't influence the economy as a whole, because the actions of one person will look like a drop in the ocean.

Economic policies, global markets, and decisions made by big companies often dictate the direction of the economy, and we can only passively accept it.
No passive behavior, we need to be active! We can use this to our advantage, to strengthen our economic position.

But does this mean we’re truly powerless?
We become powerless as soon as we begin to believe it.

Do you think there are ways we can influence the economy, even if just on a small scale?
Don't try to influence the economy, influence the "economy" in your life by trying to improve it.

Or are we simply left to protect ourselves and make adjustments within this system?
Something like this. Instead of trying to influence something big, you need to focus on the small thing you can influence, which is your personal economy.
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September 05, 2024, 10:49:47 PM
 #16

We can have all the control and make some positive changes within our own economy, but talking about the country's economy, I have to say it's beyond our control. But still, we can take part on some small progress on helping our fellow individuals through offering some job opportunities if ever there are chances, like when you have a small business and you need some workers on it. That way, aside that you make your own progress, you become an instrument as well to experience some economic progress on their own.

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September 05, 2024, 11:03:47 PM
 #17

Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?
You can try as an individual or a few individuals to influence the economy of things around you but until the government of the country makes an effort, our efforts will be irrelevant and not significant because the government are more in a position to make things work than the citizens of the country who are mere citizens and do not have the power to adjust or make new policies or regulations that would favor the economy. What you can do is try to make sure that the system does not suppress and kill you.

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September 06, 2024, 03:29:54 AM
 #18

Almost everyone is concerned about the economy: prices, housing, wages, stock market fluctuations… Yet, despite our intense focus on these issues, as ordinary individuals, it seems like we can't make a dent in them. Economic policies, global markets, and decisions made by big companies often dictate the direction of the economy, and we can only passively accept it.

But does this mean we’re truly powerless?
We're not powerless but as individuals, we've got lesser power and we don't realize that if we come together and be as one, that power will be visible from all of these factors and aspects. When companies see this power, they intend to do what's necessary and that's why there are some of them that don't allow labor unions because they know where it is heading. We don't have control over the world economy as we just have to be adaptable and prepare for the worst. And this has something to do with leaders too, so if you're living in a democratic country, choose the suitable leaders.

Do you think there are ways we can influence the economy, even if just on a small scale?
We as individuals, are the economy and that's one of the powers that we possess when it comes already. Those small scales of businesses and individuals when put up altogether create a stronger force and margin in the economy.

Or are we simply left to protect ourselves and make adjustments within this system?
That's also it, the thing is we're all surviving and this kind of life that we're having is like survival at its fittest. But what can we expect? we will wait for some superhero to save our lives and economies? no, we act on our own to save our own lives and do better with our living and that's why we're adapting.

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September 06, 2024, 04:03:14 AM
 #19

Almost everyone is concerned about the economy: prices, housing, wages, stock market fluctuations… Yet, despite our intense focus on these issues, as ordinary individuals, it seems like we can't make a dent in them. Economic policies, global markets, and decisions made by big companies often dictate the direction of the economy, and we can only passively accept it.

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?

We, as a common people, have only one power - the power to vote! That's it! Rest all depends on the industrialists and the politicians. They run the world and influence the markets. As a common person, there's almost nothing you can change. That's why you still see protests and placards on the street and petitions in the internet.

Social media is one platform where you still can raise your voice and gather some support. But if you really want to change something at scale, you will need followers and supporters to support you in your endeavours.

So it's easier for a common person to go with the flow!

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September 06, 2024, 05:06:39 AM
Merited by Xcode7 (1)
 #20

Almost everyone is concerned about the economy: prices, housing, wages, stock market fluctuations… Yet, despite our intense focus on these issues, as ordinary individuals, it seems like we can't make a dent in them. Economic policies, global markets, and decisions made by big companies often dictate the direction of the economy, and we can only passively accept it.

But does this mean we’re truly powerless? Do you think there are ways we can influence the economy, even if just on a small scale? Or are we simply left to protect ourselves and make adjustments within this system?
We are not a determinant of the increase in goods and we are also not a determinant for decision making regarding economic problems in relation to general. Life amid this condition makes it difficult because the currency loses value and difficult for people to find a source of fixed income will further affect human life. To influence the economy to be more stable, especially for ourselves, we must try to get a stable income consistently to meet all needs and in this way we can further improve the standard of living for the better.

In a simpler scale we must think about how to make money for ourselves or for family needs. The pattern can be adjusted to the skills we have and see the potential in which sectors we can develop, be it household business, plantation, agriculture, livestock and so forth. Humans must be creative if they do not want their lives to be more difficult because no one else wants to help if not ourselves

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