The world should make a swift shift from War Economics to Welfare Economics to survive and sustain human existence on Earth. A collective momentum is needed over all our individual efforts on the Economic, Social, and Environmental (ESG) security of the world. We should come out with a transparent system to make the bottom-line society come up on their own and act freely to lift their economic status along with the ecological sustenance of the planet Earth.
We should consciously make a shift of our focus from war economics to welfare economics. Pain and suffering should end for the emergence of happiness, bliss, and meaning in the life of the world. We should analyze the theory of margin between economics in this sense and essence.
The cost of war is very high. The margin is not that high. A number of marginalized people are very huge in war economics. Whereas, welfare economics involve everyone in the development process. A small margin from everyone makes it a huge margin in welfare economics. This is just a change from large margins few big deals to small margins a large number of aspirational actions and transactions.
Applying diminishing marginal utility and various micro and macroeconomics theories will help us to strike a balance between purpose and profit. We should always evaluate whether our money-making activities align with our values, goals, and overall sense of fulfillment. Wealth creation should go beyond mere monetary gains. Building a more holistic and sustainable form of prosperity should become the collective goal of the world. While looking for financial security and personal growth, we should also think about the social impact of our existence and a sense of our purpose in life.
The consequences of war are often borne by the most vulnerable people in society. People are forced to face multiple challenges, including limited access to basic facilities, and diminished economic opportunities. They are deprived of their life and their normal beauty. By shifting our focus to welfare economics, we can address the needs of the marginalized. Providing them with the necessary support will empower them to contribute meaningfully to society in the process.
A transition from war economics and its high costs to welfare economics driven by the power of collective action with small margins is very meaningful. We can build a collaborative world by encouraging even modest contributions from a large number of global citizens. The collective impact of such an initiative can be substantial. Every individual’s small margin contributes to a greater whole. It will foster a sense of shared responsibility and promote social cohesion globally.
This is a process to shift our focus from capital models to revenue models in the long run. This is a significant transformation in the way we operate economics in the world and generate income for all. We also make a shift in ownership theories that are known to us. True ownerships are documented and the people who are in charge of the wealth are automatically made responsible for the well-being of the entire establishment for their own sustenance. Grow together with everyone.
We can draw a picture when there is a wall and the wall is available to us when we are able to draw meaningful pictures. Productivity becomes more important than holding positions. The revenue model emphasizes generating consistent and sustainable revenue streams. This requires a focus on services that can create value for others and to cultivate a welcome approach for long-term relationships.
Collective ownership models represent the micro ownerships distributed among a number of individuals. It gives freedom for individual operations and at the same time inspires collective action with shared decision-making processes.
Collective ownership models ensure a more equitable distribution of benefits and an opportunity to opt in and opt out in every unit of action. It also inspires initiative from every person by opening up the entire space available for inspiring actions. It creates a fairer distribution of resources, opportunities, and rewards, which can contribute to reducing socioeconomic inequalities.
Unlike war, which disrupts societal stability, welfare economics establishes a regular cycle of progress and development. By prioritizing social welfare, we can ensure people’s participation globally in the process of providing essential support for the local people with their participation in the regular cycle of activities.
Such global initiatives foster stability increases societal resilience, and promotes a harmonious coexistence among the people at large. It also encourages economic growth by empowering individuals with the means to participate actively in the economy. Transitioning from war economics to welfare economics represents a crucial shift in our approach to economic development and social progress.
Recognizing the power of small margins and collective action, we can address the challenges faced by marginalized communities and foster a more inclusive and prosperous society. By redirecting resources towards sustainable welfare initiatives, we can empower individuals to contribute meaningfully and create a better future for all. Let us embrace this transition, as it holds the promise of a more compassionate and equitable world.
