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7.2 Economics and Business ObligationsVersion 1.2 April 2018                                                (Previous Version) These are the questions we ask in the introduction (Section 0.1.6 – paragraph 36): Is capitalism really the best system, as its advocates say? Or does capitalism need to be fundamentally overturned for there to be any hope of justice in the world? Are we at risk of a devastating financial collapse? don't multinational corporations have too much power, and aren’t they destroying the environment and devastating local indigenous populations, just for profit? Should we break up large corporations? Can we control the economy to avoid system failures? Should we protect our local economy from foreign competition? This Chapter focuses on the guidelines we can choose to better manage business and economics. Here we may summarize key parts of the economic history covered through Part 3 (History) only to provide the context for the value choices we make, but we shall avoid revisiting history in detail. As discussed in Chapter 7.1, on politics in general, we support economic and political structures because they align with our core values from philosophy, and the effecting values we obtain from science and history, which lead to greater human fulfilment or flourishing. Technological development has been happening for many millennia, but sped up with the development of the scientific method over the past few hundred years. Economic systems have now become extremely complex, and much economic activity is compute driven. History shows us the many ways people have tried to control technology, trade, business and economics, and allows us to devise strategies to promote the better ways, without being dogmatic or too idealistic. We discuss business and economics before we discuss different forms of government, because: ●  People have been conducting their businesses within economic systems for thousands of years; ●  Business and economics needs to be managed regardless of the form of government; and ●  Democratic, despotic and Communist countries, almost all, now have some form of capitalism. But still, if we are to be true to our core values such as diversity, love and equality, economic regulations are required to promote a fairer distribution of assets and income than might happen under e.g. a tyranny. So we need to consider democratic, government and environmental issues related to economics and business before these are addressed in subsequent Chapters. We currently plan to discuss economic issues under the following headings:
After going through these topics, our current conclusions, as stated in the overview, are as follows: Mixed, managed economies are best: controlled capitalism, market regulation, well targeted social welfare, Keynesian and monetarist policies to maintain a stable currency and employment, avoiding moral hazard and government and corporate corruption, government control of natural monopolies and essential services.  more                                                                            Statement 36 The following pages explain how we justify these conclusions.
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