An economic dilemma

I think that everyone in the world is aware that something is drastically wrong with our worldly western democratic system.

I think that everyone in the world is aware that something is drastically wrong with our worldly western democratic system.

Corporations, governments, firms and individuals business are cutting staff and wages wherever they can in order to increase their bottom line on their balance sheet. To them it seems only logical; to generate the greatest amount of profit and actually no one can blame them for doing so. To accomplish this, they cut on their expenses. As the employers cut salaries and cut on staff, the purchasing power diminishes and the former staff will not be able to purchase the goods that their previous employer produces.

Those in charge seem to be deluded in creating a world in which no one works but everyone only consumes, without having any money to do so. If workers are replaced by machines and no one works, who is paying the taxes, who consumes and who feeds all those people that have no income, if the general public has no money.

The focus for this dilemma, are the multinational corporations, gigantic department stores and consolidating government departments. It seems it is not the 99 per cent of the people having a problem, but the one per cent at the top of the food chain has a major problem. I have my suspicions; the top brass is at a loss what to do about this dilemma and they are scared that the public will rise against them.

On top of their problem comes the financial mess. The financial gurus act like chickens with their head cut off, looking for solutions. They fix one problem by creating a larger problem. How can you borrow your way out of mortgages that stick out of the chimney?

For things to change for the better there must be a complete reversal of what got the world into this mess. We have to buy, produce and work locally in many small individual shops. Shipping products from one place on the globe to the other side of the world is just sheer madness. This is a waste of energy and resources. Having unemployed people is also a waste of productive resources. Using all those unemployed as cannon fodder, as they did in the Second World War to get rid of them, is no longer an option.

Otto Sturhahn

Penticton

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Ponderosa Primary Care Centre in Penticton is considered a model for care clinics going forward by the South Okanagan Division of Family Practice. (Monique Tamminga)
Primary Care Clinic funding could be a cure for South Okanagan Similkameen doctor shortage

Ponderosa Primary Care Centre in Penticton is a model for future care clinics and doctor recruitment

Interior Health reported two more COVID-19 deaths at Sunnybank Retirement Center in Oliver Tuesday, Jan. 26, 2021. (File photo)
COVID-19 claims two more lives of Sunnybank Retirement Centre residents

Five residents of the Oliver care home have died since the outbreak was first declared

A sign indicating a COVID-19 testing site is displayed inside a parking garage in West Nyack, N.Y., Monday, Nov. 30, 2020. The site was only open to students and staff of Rockland County schools in an effort to test enough people to keep the schools open for in-person learning. (AP Photo/Seth Wenig)
4 more deaths, 54 new cases of COVID-19 in Interior Health

This brings the total to 66 deaths in the region

Okanagan Clinical Trials is looking at gut bacteria as a way of slowing down the development of Alzheimer’s. (Alzheimer Society of B.C. photo)
Okanagan study looking for volunteers of people diagnosed with Alzheimer’s

The study is looking at how gut bacteria may help slow the disease

Penticton City Hall. (File photo)
City of Penticton seeking grants to fund public washroom improvements

The grant would fund washrooms at Gyro Park and Riverside Park

Dr. Penny Ballem, a former deputy health minister, discusses her role in leading B.C.’s COVID-19 vaccination program, at the B.C. legislature, Jan. 22, 2021. (B.C. government)
B.C. holds steady with 407 new COVID-19 cases Tuesday

14 deaths, no new outbreaks in the health care system

Vernon’s Barb and Denis Murdoch, pictured at Lake Louise in 1987, will be inducted into the builder category of the B.C. Volleyball Hall of Fame, Class of 2021, on Feb. 15. (Murdoch family photo)
North Okanagan volleyball couple earn Hall of Fame call

Denis and Barb Murdoch will be inducted into B.C. Volleyball Hall of Fame in builder category

Eagle River Secondary Grade 9 student Cody Hutchinson spearheaded the Digital Detox Challenge in which participants will give up their cell phones during school days for two weeks straight. (Contributed)
Sicamous student challenges himself, peers to go nine school days cell phone free

Cody Hutchinson hopes Digital Detox Challenge will give students opportunity to reconnect

This 2020 electron microscope image provided by the National Institute of Allergy and Infectious Diseases - Rocky Mountain Laboratories shows SARS-CoV-2 virus particles which cause COVID-19, isolated from a patient in the U.S., emerging from the surface of cells cultured in a lab. THE CANADIAN PRESS/AP, NIAID-RML
B.C. ramping up screening for faster-spreading COVID-19 ‘variants of concern’

B.C. has sequenced about 11,000 COVID-positive samples since last February

Vernon Fire Rescue Services responded to reports of a structure fire on Valleyview Place Jan. 26, 2021. (Brendan Shykora - Vernon Morning Star)
Fire snuffed in Vernon home

No visible smoke, flames from area of reported structure fire

A Cessna 170 airplane similar to the one pictured above is reported to be missing off the waters between Victoria and Washington State. Twitter photo/USCG
Canadian, American rescue crews searching for missing aircraft in waters near Victoria

The search is centered around the waters northeast of Port Angeles

Kevin Lee Barrett pleaded guilty to the aggravated assault of his mother Eleanor Holmes on Tuesday, Jan. 26. (File)
West Kelowna man who beat his mom could be sentenced up to 9 years

Kevin Barrett entered a surprise guilty plea to the lesser charge of aggravated assault on Tuesday morning

Keygan Power with brother Quintin and mom Allison while camping the weekend before Keygan’s brain hemorrhage on Aug. 2, 2020. (Photo Allison Power)
B.C. teen ‘locked inside,’ battling to regain speech after severe brain bleed

16-year-old suffers traumatic loss of function, still plays a mean game of chess

Vernon now has an approved 13 cannabis shops in town. (Jennifer Smith - Morning Star)
Vernon, the ‘Pot capital of B.C.’ greenlights two new stores downtown

Two more shops, within 240 metres, approved, despite neighbouring businesses opposition

Most Read