Joshua’s Third Law of Market Economics


If the capabilities of the Market Economics are not explored and used globally under enforced Environmental Protection Laws and the rest ‘J Factor’ Laws & Practices the Earth’s Environment is to deteriorate and the inequality is to rise to the points of no return bringing Environmental Destruction and Global Social Unrest”.

This Third Law is consequential to the First and Second Laws and conclusive of the market imbalances that overwhelmed the global market with the 2007-9 Recession, the sluggish recoveries, the rising inequality between rich end poor: countries and individuals., the growing radicalization, discrimination and social impatiens.

Why inaction is considered futile? – Answers come to:

  1. The Globalization and rising Productivity diminishes the adequacy of the pro-supply Capitalism to manage long-term economic growth, as done in the Past.
  2. The Internet and other communications bring to the world open communications and information.
  3. And not the least, the Global worming caused by pollution and underdevelopment calls for immediate action for eradicating poverty that makes people destroy natural recourses as woods, drive old vehicles, dispose garbage elsewhere, and alternative energies inaccessible.

Joshua Ioji Konov,2014

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About Joshua Ioji Konov
email joshua.konov@gmail.com twitter joshuak2077

2 Responses to Joshua’s Third Law of Market Economics

  1. Pingback: Joshua’s First Law of Market Economics | Philosophy of Market Economics

  2. Pingback: How Globalization affects Market Economy | Philosophy of Market Economics

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