A job crisis is coming again. It is resulted from recent internal and international conditions. First, the increase of domestic demand based on low interest rate and speculative investment in real estate is limited. Second, long-run 'new economy' boom...
A job crisis is coming again. It is resulted from recent internal and international conditions. First, the increase of domestic demand based on low interest rate and speculative investment in real estate is limited. Second, long-run 'new economy' boom of America is ended Now, world-wide great recession is beginning in the commodity market and labor market.
But fiscal & monetary policy-means are drying up as government-debt is increasing and interest rate decline. And there is no subject who regulte commodity and money market because of globalization of market The restriction of resources and ecology is strong. These are so different situation compared with great depression of 1930's. Therefore, in the long-run, it is impossible to solve job-crisis problem.
We have to reflect the fundmental causes of job crisis or unemployment crisis. Selfish, economic rationalism and competitive, non-communicative cannot protect job crisis, but cause the crisis. Another main cause of job crisis is the bubble of science which believe blindly the regulating function of market and government.
Fundmental alturnative is realising post-modern link-up of production This aiturnative can be realised on the premise of eliminating the economic, cultural bubble, of recognizing the market as a social exchange system. For this purpose, above all, we have to accept a new, economic-philosophical view of man, that is post-modern self-reflective living man instead of modern rational, homo-economicus. if self-reflective living man labor, and produce not for money, but life itself in the social link-up, over-production and unemployment will be resolved ultimately.