ABSTRACT

This chapter addresses the question of whether an economic system dependent on the deprivation creation can solve social problems without changing its fundamental operating premise. It explains the general economy of the United States is bad that local communities are vying for the right to build prisons, arguing that they bring jobs. Change in the economy is inevitable if humans are going to survive as a species. An economist might argue that when productivity is down stock values are down, and when stock values are down everyone loses because all of our retirement benefits and savings are tied up in stock values. Economists who use the productivity concept argue that the market adjusts itself to correct for inaccuracies in the stock values. Modern Milton Friedman economics is a political ideology with an agenda for supporting the wealthy goals. The chapter describes that populations of people cannot rely on laissez-faire capitalism to solve systemic problems created by laissez-faire capitalism.