Worst Economy Ever?
Obviously, the worst economy is when war has reduced your cities to rubble and everyone is starving. War makes people lose their integrity — they do things under that kind of pressure they would never ordinarily do. Before arguing about GDP and interest rates, it's worth remembering what the actual floor looks like.
Governor Nehemiah's Reforms
One economic leadership story from history is Governor Nehemiah. Appointed governor of Judah, he found nobles and officials charging their own people crushing interest on grain and money, to the point that men sold their wife, their children, and even themselves into slavery. Nehemiah confronted the lenders publicly, cancelled part of the debts, freed the slaves and ordered economic reforms — immediately, by decree.
- 01
Wealth concentrates in the hands of a few people.
- 02
Most of society is miserable as a result.
- 03
Massive improvements can be had with just the stroke of a pen.
If you were truly in charge, what economic reforms would you make?
Many words in English have picked up a bad reputation over time. "Radical" simply means getting to the root of the problem — which is, in fact, a good thing.
What Radical Ideas do you suggest for all the challenges? :)