The Bitter Economic Pill
For those who are starving, are without adequate shelter or potable water, living in absolute poverty and in unhygienic filthy conditions without necessary medical care, etc “trickle-down” economics has as much meaning as gibberish. Regretfully unpalatable measures taken to resuscitate the economy adds to the miseries of the poor and downtrodden. Sacrifices being necessary to make things economically better, the underprivileged are the only ones who have to do all the sacrificing they are the only one swallowing a bitter economic pill. “Efficiency” means reducing overheads, during “downsizing” jobs are lost. There is a time lag before a revitalized economy creates job opportunities again. The middle class gets on the gravy train gradually, in direct proportion many more are beggared in the process. This is the time-tested route to economic emancipation, unless off course we have a major strike of oil and/or gas, etc. Even then endemic corruption can take the stash away to Zurich or some other money-haven, look at the state of many of the former East European countries, Russia included. The government’s responsibility is to maximize the number of people benefiting from the new economic opportunities, while minimizing the number suffering from rising prices attempt to keep the gap between the rich and the poor close. The poor have to be cushioned against the hard times they have to endure to make the economy dynamic.
