In order for someone to be "rich" there must be a person who is understood as "less rich" or "poor". Wealth is generated through a combination of labor (manual, symbolic, creative) and capital (factories, technology, materials). However, once wealth is generated, that wealth is shared unevenly. The guys who make the cars have a smaller share of the wealth generated (in the form of wages) than the guys who own the factory (in the form of profits). The capitalist is rich, and the worker is poor.
In order for someone to remain rich, this process of unequal wealth distribution must continue. Profits increase when wages are lowered or workers are laid off without a loss of productivity (i.e. the workers are worked harder). Indeed, check the stock prices of any corporation after layoffs are announced. There is tremendous amount of pressure for companies to squeeze as much out of workers as possible and to show how much profit they have made.
But the problem is within the government. Health insurance official from our government here in the Philippines earns millions of pesos through corruption, then they increase the tax more in order to suffice their needs. Even NGO(Non Government Organizations) are used by government officials for kickbacks. Now, the salaries of policemen in the Philippines are doubled, but did they change the safety and order in our country? No, there's still kidnapping, robbing, killing even in broad day light. They make law to provide for themselves and law to protect them from doing bad things.
We are tired of the old corrupted system and work hard to elect the president we wanted. After our hard effort a lot of changes happened. Corrupt officials getting prosecuted, drugs factories getting raided, and so on. . . We too can do that in our crypto community. We can fight these crooks(SEC) in exchange for our votes. Too bad I don't reside in the U.S. but if I am, I will fight for what is right. We have the power to elect the people who will lead us on this fight. Senators need us in order for them to have a seat at the government. If we don't let out our voices be heard, SEC will continue to do what they want whenever they want. This is just the beginning of a bigger fight. Our freedom is at stake here.
Thank you @janashby! It truly is there's a group of kidnapper roaming across the region and I somewhat feel that police are doing nothing to stop this. They are kidnapping kids age ranging from 12-16 years old.
@docmastery, thanks for this motivation, u have said it all, crytocurrency is the only option we have an as individuals to have control over our money, thank God for crytocurrency blockchain , we must stand up together and fight any attempt to make this our financial freedom option unrealistic.
It is the western central bank system owned by the robber barons the nineteeth century which steals our money not only directly but also much more indirectly through inflation. In former times the money was owned by the people and it is time to bring the currencies back under our own control through cryptos.
i believe things are changing slowly and we will eventually move to decentalized system and blockchain, this will usher a new era of digital money like never before, time is comingand the bankers know it that they will have to give in to cryptos, hope that time comes sooner
all of them are poor poor peas free banks are the future of the poor poor of the centerlessness of the poor and the rich are equal to the centered banks no central banks are too bright for the future @Dicmastery
you shear nice stuff.... economy play vital rule in the nation development... if the country fail to provide he basic right to their people then the country will not be stable financial
good article,
i am from Bangladesh,
our country financial condition is same as your article,
but education is the back cause of All financial & economical problem, i think
In order for someone to be "rich" there must be a person who is understood as "less rich" or "poor". Wealth is generated through a combination of labor (manual, symbolic, creative) and capital (factories, technology, materials). However, once wealth is generated, that wealth is shared unevenly. The guys who make the cars have a smaller share of the wealth generated (in the form of wages) than the guys who own the factory (in the form of profits). The capitalist is rich, and the worker is poor.
In order for someone to remain rich, this process of unequal wealth distribution must continue. Profits increase when wages are lowered or workers are laid off without a loss of productivity (i.e. the workers are worked harder). Indeed, check the stock prices of any corporation after layoffs are announced. There is tremendous amount of pressure for companies to squeeze as much out of workers as possible and to show how much profit they have made.
But the problem is within the government. Health insurance official from our government here in the Philippines earns millions of pesos through corruption, then they increase the tax more in order to suffice their needs. Even NGO(Non Government Organizations) are used by government officials for kickbacks. Now, the salaries of policemen in the Philippines are doubled, but did they change the safety and order in our country? No, there's still kidnapping, robbing, killing even in broad day light. They make law to provide for themselves and law to protect them from doing bad things.
We are tired of the old corrupted system and work hard to elect the president we wanted. After our hard effort a lot of changes happened. Corrupt officials getting prosecuted, drugs factories getting raided, and so on. . . We too can do that in our crypto community. We can fight these crooks(SEC) in exchange for our votes. Too bad I don't reside in the U.S. but if I am, I will fight for what is right. We have the power to elect the people who will lead us on this fight. Senators need us in order for them to have a seat at the government. If we don't let out our voices be heard, SEC will continue to do what they want whenever they want. This is just the beginning of a bigger fight. Our freedom is at stake here.
Upvote, as I know you hv a pertinent point here . I certainly realize that crime in #Phillippines is out of control (sadly) .
And I hate to see it . I Feel as u do (1 of my best friends being a Filipino Lady)
VOTED For yr comment !
Thank you @janashby! It truly is there's a group of kidnapper roaming across the region and I somewhat feel that police are doing nothing to stop this. They are kidnapping kids age ranging from 12-16 years old.
They are thieves .. as they can announce that it is scam .. if none of its investors denounced it ..
very good article thanks docmastery
#WeWantOurBankBack
Thank you @orelmely, let's take back what is rightfully ours. #WeWantOurBankBack
@docmastery, thanks for this motivation, u have said it all, crytocurrency is the only option we have an as individuals to have control over our money, thank God for crytocurrency blockchain , we must stand up together and fight any attempt to make this our financial freedom option unrealistic.
It is the western central bank system owned by the robber barons the nineteeth century which steals our money not only directly but also much more indirectly through inflation. In former times the money was owned by the people and it is time to bring the currencies back under our own control through cryptos.
i believe things are changing slowly and we will eventually move to decentalized system and blockchain, this will usher a new era of digital money like never before, time is comingand the bankers know it that they will have to give in to cryptos, hope that time comes sooner
all of them are poor poor peas free banks are the future of the poor poor of the centerlessness of the poor and the rich are equal to the centered banks no central banks are too bright for the future @Dicmastery
you shear nice stuff.... economy play vital rule in the nation development... if the country fail to provide he basic right to their people then the country will not be stable financial
good article,
i am from Bangladesh,
our country financial condition is same as your article,
but education is the back cause of All financial & economical problem, i think
What a great article docmastery, Thank you
Thank you so much for giving this useful information in the form of giving link. I was looking for information about Ethereum. :)