Halliburton slashes 1,000 jobs in eastern hemisphere

AFP News – 10 hours ago

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ricky l • a second agoRemove

For the next decades and the next centuries, the World need to tweak the World Economic System - and cannot rely on the current "Raw Capitalism" = in which the main emphasis is "Competition, Intense Competition" - to "kill all competitors" - "winners take all system" --- where the "sole survivors will be those at the apex - and those in middle-class and lower-class will be eliminated" - due to business restructuring, retrenchment, ---- that lead to Economy volatilty, leading to increasingly wider and wider social divide, income divide - that will bring about social instability, economic volatility, job lost, wage stagnation, job instability, high stress level etc - that will bring about "equal miseries" - if the winner that form the apex thinks that they are the "final winners".

The majority losers - will take their miseries to the "winners" - and pull them down - since "you are ok", "i am not ok".
We are already witnessing many World events that are unfolding - across the continents and in many countries :-
(1) Arab Spring - where so many countries embroild in civil wars and a breeding ground for terrorism.

(2) Long ruling Governance losing grounds or fast changing of hands in Governance.

(3) Social unrest in so many cities - across the continents - Wall Street, Arab spring, Chrysatemum movement, demonstration etc.
What is the main cause - that trigger all this ---- the flaw "Raw Capitalism" - that cause the Society to form a very long elongated Pyramid.

Raw Capitalism = Competition = the strongest, the sly, the fittest survive = i ok, you not ok is ok.

Competition - kills Cooperation that "Open and Expand Economic Pie", that "Open Opportunites", that "Expand Business, Investment, Business Profits, Create Jobs, Maintain Niches, Maintain Market Shares" - though Competition ensure "Market Efficiency". But extreme competition - will bring "very small winners" and "kill the rest".

So for the next decades into the next centuries, what should be the Economic Model for the World?

It should be a "Co-operative, Competitive Model" - this harness the best of the 2 Economic System :-
(1) "Co-operation" - open Economic Pie, open Business Opportunities, maintain individual niches - ensure every industries, every organisation there are sufficient rooms to survive, make decent profits, create and maintain jobs.

(2) "Competition" - ensure "market efficiency" - within the framework of "Co-operative competition" - without killing off one another's industries and companies - that keep a decent organisation profits and maintain jobs for the staff and workers.

Only then, it will ensure Society stability, harmony and prosperity - for every Countries in the World (because everyone has a job, can feed themselves, can feed their dependants, can feed their families).

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  ricky l • a second agoRemove

  - Instead of what we are witnessing now in every corners of the World ---- where social divide is acute, income gap is acute, social instability - due to high jobless rate, economic volatility, financial volatility, intense business competition, intense economic competition, raw capitalism rearing the ugly ahead and displacing many majorities and benefitting on the minorities - that lead to society incohesion, conflict and disharmony.
  
  If the World want to see less turmoil, political instability, social incohesiveness, disharmony, festering of terrorist ideologism etc ---- then moving from "Raw Capitalism" toward "Co-operative, Competitive Economic Model" is the way to go.
  
  What is the Fundamental Objective of a Society, of a Country ?
  "Ensure every citizen can feed themselves and their families with a decent job and a decent pay - and live in a Society and coexist with others in an environment that is safe, harmonious, and peaceful."
  
  "Not enriching a few individual - at the expense of others - which the current "Raw Capitalism" Economic System - has bring about this outcome" - where the adverse consequences will be political instability, economic volatility and social disharmony or disquiet. Where at the end of the day, the few individuals will also lose their wealth in a disharmonious society. So did "Raw Capitalism" serve the purpose?
  
  In long term - no.
  
  We are already witnessing increasingly - "equal miseries" mode.
  
  Than in this case, shouldn't the World collectively tweak the "Raw Capitalism Economic System" to a "Co-operative, Competitive Economic System" - to ensure every Society, every Countries, every Industries and every Companies - have their own niches to feed every citizens?