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↖ Homepage of the site 'What to do with your life?' What is an economic policy?An economic policy is the response to the following three questions:
RemarksThe approach we have presented is vaguely reminiscent of economic planning. However, economic planning is usually associated with a socialist model of government (generally authoritarian), or a hybrid model in which it attempts to compensate for the shortcomings of the market economy. The imports listed in the second question presuppose that more is produced or extracted than is necessary for the population considered, in order to enable exchange with the outside world. The problem of wealth distributionThe inextricable problem of wealth distribution in our modern societies stems from the fact that goods and services are produced without knowing in advance their destination. More precisely, their purpose is 'to be sold' rather than 'to satisfy a specific need of a specific group'. As soon as the economy is viewed as a system of wealth production, whose objective is growth and not the satisfaction of identified needs, we artificially create the problem of distribution and the intense social conflicts associated with it, such as, for example, the issue of financing pensions in France in 2023. Yet, this problem—which generates a high level of violence, conflict, and dissatisfaction, and ultimately threatens national cohesion—does not exist in the real world: it is merely a byproduct of a mistaken, dogmatic, and unrealistic vision of the notion of economic policy. To deepenRead the second part of the book From Capital to Reason which outlines the proposed production organization. Aside from the book From Capital to Reason whose method has not yet been implemented on a large scale, Lean production, as described in the book 'The Machine that Changed the World', is the closest production method to have been successfully implemented on a significant scale. Its particularities include an emphasis on problem management, the revaluation of directly productive people and their training to enable them to become more versatile and sources of improvement, reduced inventory, pull production based on orders, demand stabilization through a different marketing approach. This stability in turn enables lifetime employment.
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