Many socialists have come up with the idea that the government is helping the economy by hiring more people. This theory couldn’t be more wrong. It is quite impossible to build the economy if you are breaking it simultaneously-meaning that the government usually goes in debt when they acquire more money, resulting into failure. A government has no right to claim otherwise.
When the government is creating job opportunities, they are getting the money from either borrowing, or creating. Either way, this can have a side effect, as the money borrowed is needed to be paid back, and if money is created, the value of currency will drop easily, resulting in price spiral. Whenever the government is borrowing money from some organization, they are binding them to their debt. So the government soon needs money to pay them back. And they get that money from the tax payers. To be accurate, they get the money from normal people, money which is earned with blood and sweat. The taxes should never be used as the cover up money for the government’s foul wastage. The government can never employ people freely. They are bound to pay a huge sum, only resulting in paying more with taxes.
When the government is not borrowing the money, they are creating it. And for that the World Bank can see more and more dollars in the market. This is causing the downfall of the value of currency. And this is resulting in damaging the economy stubbornly.
Many voters seem to be quite ignorant about these important things which can result in electing the wrong government. If the government advertise themselves as a provider of jobs, and ensure them, be sure that those jobs will come in price. These ‘employments’ result in a lot of job losses in the free market, thus no one can surely be successful in these jobs.
So people, who hold the light of the country should ensure that the proper government is chosen and the jobs should always be sought from the free markets.
**Information and contents taken from Business scenario of Bangladesh website.
When the government is not borrowing the money, they are creating it. And for that the World Bank can see more and more dollars in the market. This is causing the downfall of the value of currency. And this is resulting in damaging the economy stubbornly.
Many voters seem to be quite ignorant about these important things which can result in electing the wrong government. If the government advertise themselves as a provider of jobs, and ensure them, be sure that those jobs will come in price. These ‘employments’ result in a lot of job losses in the free market, thus no one can surely be successful in these jobs.
So people, who hold the light of the country should ensure that the proper government is chosen and the jobs should always be sought from the free markets.
**Information and contents taken from Business scenario of Bangladesh website.
