What are the biggest economic problems in the world? How is economics different under socialist and capitalist systems? Do you think economics should be the most important thing people think about in an election?
40 Comments
Victoria Vedron
3/9/2010 08:34:15 am
It is very delicate question, because there are several answers and they are very difficult and argumentative. Corruption is the most biggest and dangerous economic issue in the modern world. Every government in the world blackmail and smuggle. They still from people under the tax all their money.
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Victoria Vedron
3/9/2010 09:03:06 am
Capitalism is unconcerned about equity. It is argued that inequality is essential to encourage innovation and economic development.Socialism is concerned with redistributing resources from the rich to the poor. This is to ensure everyone has both equal opportunities and equal outcomes. But this is only theory.
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Cesar Ibarra
3/10/2010 12:09:10 am
Cesar Ibarra
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Dmitriy Yefanov
3/10/2010 10:43:35 am
Unemployment is the biggest economic problem in the world, I believe. The lack of jobs for all people has affected almost everyone. It has affected even me. As the economy goes down, the availability of jobs goes down even faster. People are left without means to support their families or even themselves. Often, they are kicked out of their homes and have no place to live in. Unemployment is also a cause for many other problems. Families break up, depressed individuals commit suicide and some people just go crazy. It is hard without a job, because then you have no money, and it gets hard to live. As for capitalist and socialist countries, it's harder for people facing capitalism than socialism. In capitalist countries, the government doesn't care about you and your job or whether you can provide for your family or not. They also don't care if there are extremely rich people living next to the poor ones. In socialist countries, there is a little more balance between the wealthy and the poor. There are larger taxes for the rich people. The poor can also get financial help from the government. The government tries to help, but it's not enough. But economics shouldn't be the most important thing people look at during elections. They should look at a person and his/her abilities and views as a whole. And they shouldn't forget that "actions speak louder than words".
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Vitaliy Kalchik
3/11/2010 08:45:51 am
One of the biggest economic problems today is, that the government spends more money on military then on the way of life. Like schools, to teach are kids about agriculture and how to survive if there will be no super markets, or how to live without transportation, how to fined your way without road signs. Just to teach kids how to survive by them selves, and all the other things we need to be a much batter country. We as humans want to work less but get more from it, we beald mashing to do work for us. In a socialist country people decide the faith of their country but in a capitalist country’s the people who wore elected by the people make all the tuff dissensions. I really think that economics shouldn’t play to big of a roll in an election, I really thing that what will be done for the people to make life more easier and pleasant, should be the mane fokes, and safety peace of mined. People should be more wored how the whole country will be doing verses how it will just affect me and my family. Ones we put others in front of are self’s we will enjoy the way of life much batter then we seem to now.
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Elva H
3/11/2010 09:12:33 am
I think there are lot economic problems. Like starvation in poor countries, unemployment, and the bankruptcy of big companies. One of the biggest economic problems is the stock market.
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Feloura. A
3/11/2010 07:35:04 pm
In my opinion, economy is a cycle.when people don't have a job, they don't buy things so businesses don't do so well, they have to in turn lay off more people which starts the process all over again. Also, people can't afford to pay expenses so other companies aren't making money and productivity of manufactures will get less as well, businessmen can't pour money into their businesses so inflation will make terrible predicament. Crime generally comes from the loss of employment and government have to expend a lot of money to remove crime, it causes economy will get worse. capitalist system was limited government interference and private persons own marketing but socialist system provide equal access to all folks, regardless of income, it has universal health care.
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Diana P.
3/12/2010 02:27:09 am
Everywhere people hear about economic problems,for example, on TV programs, TV news, online news, newspappers.And I believe that is true,becuse it is a problem nuber one today. What are the economic problems? What can they couse? Nowadays there is one of the biggest problem in our society. It is the unemployment. Never before people have lost their jobs so fast. It happens more often todays. Being unemployed couse many problems for person. First of all, he or she doesn't have money to support their families or him or herself. Also, people don't have money to pay all their bills, pay for transportation, and buy food. This problem couses a huge stress for people. Another problem in these days is job hunting. There are a lot of people who wants to work, but they could't find any jobs. For example, my cousin is looking for a job during one year. Of course, her English level isn'
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Yevgeniy Rebrov
3/12/2010 06:57:11 am
There are a lot of economical problems in a modern World in almost all the countries. There is no examption regardless of a status, or seize, or level of development of them. Recession is an obvious fact of the inability modern economy system to be adequate to the needs of a modern society. I dont have in mind any so famous difinitions such as capitalism or socialism. I think, there are not and were not any clear economical system. If they were coming in an existence, countries wich posessed them had serious economical problems. For an example, had economy of the USA elements of cocialism at any time? For me it is obvious- yes. Franklin Roosevelt used many socialistic innovations in the USA to lift economy, when the Great Depre-
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Liliya Rudenko
3/12/2010 11:35:48 am
Economics
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Venus K.
3/13/2010 01:56:16 am
I would say the biggest economic problem in the world is unemployment. I remember eight years ago when I lived in my native country, the country had an unemployment problem. Many businesses had closed. Many students who graduated from college could not get jobs. Some new graduate students had to accept jobs which were low salaries. That time I was concerned about my job. In the year of 2000, the problem became the biggest problem for the country. As a result, many people started thinking about moving the country. Most of them thought other countries might not have this problem. I was one of them who thought that as well. Eventually, I chose to move to the US. In my imagination, the US is a country that has the strongest economic in the world. I believed that I had made the right decision. I arrived in the US in 2001. That year the economic was very good. House price was high. Many people had good jobs and had good income. My first year in this country was amazing. My job was a server in a restaurant. I made a lot of money in a day. I could not count how often that I made over $150.00 a night. Three years later, the economic had changed. Many big companies closed. People lost their jobs and houses. In addition, many people had a hard time to survive. In this case it was including me too. Nowadays, I am starting to compare my life in the US with my life in my native country. I don’t see much different. I am wondering that every country in the world is having the same problem and the biggest one is unemployment.
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Nadiia Noga
3/13/2010 08:20:31 am
I think the biggest economic problem in the world is unemployment or no jobs.People these days need money and they need a lot of it.How are they going to receive any money when they don't have a job to earn the money.This economic problem faces everyone in the world today.People in all the different countries no matter if they are rich or poor they still need a job to earn some money.Mostly the rich earn enough money to still call themselves wealthy.The economy is really bad the government can not do anything about this problem.The capitalists or the government and the rich people just stay on their own to survive this time period.Most of the furniture stores have gone out of business and people are without jobs.No wonder you see that much people on the streets with signs that say,HELP,or any other stuff. The socialists though try to help each other as much as they can.They make up some businesses and get people into them.They all try to survive one way or another.Well in an election most people do think about the economics.Mostly they think how will the president deal with this problem.How will the president try to solve this problem.The economy is really bad this time period. Who knows maybe in a couple of years it will get worse or it may get better.In conclusion,no matter what we think but we should all help each other get through this bad economy time.
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nadia k
3/13/2010 11:31:29 am
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HAMID.H
3/13/2010 04:09:21 pm
the biggest economic problems in the world are population,unemployment,poverty,criminals, increase of population every day in the world with limite sources is the one of the biggest economic problems.we have to discover new sources and replacing old sources like fuel with new sources like atomic energy,threshold energy and for electrical energy use radiant energy.if we can’t find better solution for these problem the economy getting worst .
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Dzianis R.
3/14/2010 07:10:40 am
There is no perfect place in our planet. We live in world full of serious global problems like Economy collapse, Climate change, Peak Oil, Global Water Crisis… Economy is one of the biggest problems nowadays. It hard to believe but problems in the current global economy could tip the developed world into conditions not seen from 1920’s. The United States is not an exception. The world’s largest and powerful economy is now completely in dept at individual, governmental and other levels. The dollar is at the lowest rate in years. What cased such a terrible economic situation? A lot of factors influenced on the economy crush. But, in my opinion, housing market played a main role in this collapse. Housing market is fundamental driver of the economy and now it’s at the very bottom. Economists say current situation is very unstable, economy totally in dept and won’t recover shortly. Let’s think positive and hopefully soon we will be talking about the economic problems in past tense.
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Yaroslav Barz
3/14/2010 07:47:24 am
Nowadays, economic problem is an important thing for everyone. There are many problems in economic, all around the world. Effect of that: unemployment, businesses go down, and factories stop. These three common effects play an important role in our life. There are three different systems: Socialism, Communism, and Capitalism. In my opinion, Capitalism is the better system for economic, because role of government is to protect the rights of individual, and companies. In addition, in my native country we have socialist system. But, I don’t understand anything about economic situation because I was young. I just remember that we couldn’t buy anything. In my opinion, people must think about candidate who can present a strong economic program. Without that, country and people will be pour.
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Francisca Flores
3/14/2010 11:49:48 am
Francisca Flores
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Francisca Flores
3/14/2010 11:54:10 am
Francisca Flores
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Farhad-T
3/14/2010 01:24:20 pm
according to my researched from global issues.org there are several terms that caused problems in economic around the world. One of those is stock market. the global financial crises, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. Around the world stock markets have fallen , large financial institutions have collapsed or been bought out, and governments in even the wealthiest nations have had to come up with rescue packages to bail out their financial systems.
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Toan N
3/14/2010 01:26:08 pm
I think biggest economic problem in the world is job. Today has a lot of unemployment in big cities because business is going out. For example, in the U.S has many companies are going out of business, such as Mervyn, America furniture… they laid off many employee. America has about ten million unemployment now. Economic of America is slow down. It effects to economic in the world because America is economic center in the world. I think economics should be the most important thing people think about in an election. For example, before Barack Obama became a president, economic is bad and his strategy made for economic better. He was successful. He tries to reduce unemployment for less. But today is still hard to find the job. That’s biggest economic problem in the world
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Biniam H
3/14/2010 02:00:45 pm
There are many economic problems in the world .some of them are poverty, unemployment and financial crisis. However, unemployment is one and most common problem everywhere. For example, in my country, many people have no job even students who graduated from universities. Even though, the government makes promise after promise to solve the problem it has not solved situation yet. As a result, people are obligated to leave the country for better employment opportunities. Economy under socialist and capitalist have a lot of differences. My country was under socialist long time ago. Every companies was controlled by the government, there did not allow private companies except a small business, like mini shops. Poverty and Unemployment were very high. It was a hard time. In contrast the capitalist system allows and encourages formation of private companies. As a result people strive to start up business creating an environment of competition innovation and product quality. As we all know, most countries which were following the socialist system have failed which free market capitalist countries have lead in economic growth. As for question of important economics in election, I think it is very important. When the economy is bad, it affects employment and when people are out of work, it affects the whole function the country.
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Leslie M.
3/14/2010 02:30:29 pm
Journal #7
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Kim Nguyen
3/14/2010 02:52:30 pm
The biggest problem in the economy is poor people and people not have jobs. When the economy is going down a lot of people loose there job and do not have a lot of money to help their families. Food and gas is a lot more expensive now then before. Also a lot of businesses are going out of business because they do not have enough money to support them. When the economy go down there a lot of homeless people. If they try and get job it is hard because the economy. When student have a good degree in college, they can not get job too. There is a lot of problem in this world.
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Octavian Goga
3/14/2010 03:04:39 pm
I think that the world biggest economic problem is when the government provides a lot of unnecessary jobs. They give money for those. Like in United States of America the government provides green jobs, 50 % of those are not necessary. Another fact that makes the economy worst is when one of the countries is in war with another country. That involves a lot of money and the cost of the war is billions. I think that for economy is better when is a socialist system, but is not that good for people. Because every body has to work and there is no self employs. The state owns every factory. Of course economy is always important in an election
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Zisheng L
3/14/2010 03:08:15 pm
I don’t know much about the current economy. However, I have realized that many people in the United States are facing economical problems. Some people lose their jobs. Some of them couldn’t find any job. Food products’ prizes have been expanding. People have been spending more money for their living such as food, gasoline and clothes. Some people forced to sell their properties. Some of them lose their houses. Some people went to look for alternative income by asking each home owner for work; such as gardening, cutting down trees, baby sitting, cleaning and repairing things. Medical care which is originally provided by the government is been cut down. Public schools have been sharing the same faith under the stress of the bad economic. Police officers and fire fighters were injured and dead and there were lack of funding for their lost of lives. Parks were also lack of maintenance funding. Some children have not been received Christmas presents. Many people are still suffering under current economical situation.
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Luda K.
3/14/2010 04:12:01 pm
At present in the world there are a set of problems such as poverty, climate change, terrorism and war. For today poverty is seen as the world’s most serious problem around the world. In rich or poor nations poverty has always been present. I read on the Internet that at present are 1.4 billion people live at poverty line below. One of the reasons of occurrence of poverty is economic: unemployment, low wages, low labor productivity, and the cost of living.Rises in the cost of living makes poor people less able to afford items. Poor people spend a greater portion of their budgets on food than richer people. In most nations today inequality the gap between the rich and the poor is quite high and often widening. Many feel that high levels of inequality will affect social cohesion and lead to problems such as increasing crime and violence. But all of us will hope and believe that everything will exchange soon to the best in this world.
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Tatyana S
3/14/2010 04:57:03 pm
Biggest economic problem in the world is a recession. How world came to point of recession it very complicated question, even major economist has their opinion and disagreements. Unemployment is one problems which brought countries to recession, other thing is outsourcing, many jobs moved to third world countries, one more problem is inflation, shopping became in this days more expensive, people has no raise, minimum wage is about $7.50 an hour (US), comparing to other part of the world it's not bad, for example over two billion people in a world making under two dollars a day. Socialist system of economics is different capitalist, socialist system based on theory "From each according to his ability, to each according to his need (or needs)". Capitalist system more complicated, Capitalism is an economic and social system in which capital and land, the non-labor factors of production (also known as the means of production), are privately owned; labor, goods and resources are traded in markets; and profit, after taxes, is distributed to the owners or invested in technologies and, industries. Mostly people depend on money, so people should think about economics during their elections!
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Vasylyna H
3/14/2010 04:57:44 pm
Its really hard to tell the biggest economic problem in the world, because each country is different. There is many undeveloped countries where government is the only leader and does anything he wants without peoples points of view. Their is other countries where government works through people and their votes. The economy is different with socialist because they care about people and their needs. Capitalist care about money and will do anything do have alot of it. I really think that people should think about economy when electing somebody as a government or a president. There were alot of presidents that brought the country down and there is many who help the country grown and become a strong community. We need think who are we electing to be our ruler, because our country depends on it.
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Tania H.
3/14/2010 05:07:45 pm
Most economic problems usually occur when there is a sudden change in demand or supply. This can be a good change or bad change. Today we see that the change was negative this time, which is why we are in a recession. The change that might have caused this might have been the banks giving bad loans to people. When a recession happens it is usually temporary. It usually causes unemployment because since people don't buy a lot anymore businesses need less people to work so they lay people off. Recessions also may cause the price of things to go down so that items can be more affordable for people since they make less money in a recession.
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Roman P.
3/14/2010 05:26:31 pm
The biggest problem in any country's economy is wrong steps from goverment side. Very often in place of help rulers accept laws which prevent people from developing economy. After falling of Soviet Union people in Ukraine started trading with neighbor countries. That brought them good money. When goverment understood that, they made very big taxes on the import goods. Therefore after that people tried something other. But as soon as they started it, our goverment found a way to hinder this. At the same time goverment of Lithania, another former Soviet republic, entered laws which helped people to become rich. Now Lithania already is a part of Europian Union, and Ukraine is still one of the most poor countries. So, the biggest problems we always get from our goverments. People can develop economy by themselves, without intervention from the "above". The only thing that goverment can do is to lower taxes and to accept appropriate laws. Then after a while economy will raise up.
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Tatyana M.
3/15/2010 06:39:05 am
Poverty and Wealth
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Alex Moskalenko
3/16/2010 07:05:45 am
Alex Moskalenko
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Paraskoviya Moskalenko
3/16/2010 08:54:16 am
There a lot of different problems in the world that really affect the economy-war, terrorist, attack, floods, earthquakes. And if that happens somewhere, then the economy of the government falls. What is the difference between socialist and capitalist, I don’t know. I don’t anything about the politics, but the economy is very important and we have to worry about it. If the economy will fall then the level of our lives will fall too. And where the laws don’t work, the economy will fall there too.
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Sunghoon Yoon
3/17/2010 06:40:26 am
The biggest economic problem in the world is that only a few countries have all the money, and majority countries have no money and no infrastructure so have many problems like poverty and disease.
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Hanh Nguyen
3/18/2010 04:50:33 am
I think the biggest economic problem in the world is unemployment. Now aday, many people doen't have job to make money to take care of thier family and themselves. It's so hard for people to find a job right now. Most of people try to come back to school to get more education to get a job. Unemployment lead people to many other problems such as: health problem, desease, more crime... Economic problem effect to all socialist and capitalist. It doen't do any different to both parties. Economic problem is social problem, it effect to every one.I think economic is a most important thing people think about in an election because they have to choose right person that can help to bring up the economic for the country and for the people.
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Paul Yefanov
3/18/2010 09:20:17 am
I'm still young and I dont really know enything about economics and all that but it really is something big. When ever there is a war or something it always reflacts on economical side and like I said ye it is very important.
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Elva H.
3/25/2010 05:05:55 am
What are the biggest economic problems in the world?
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vlad golovko
3/27/2010 07:15:56 am
Today economics are very important part of our lives. Well-being and wealth depends on government economics. For example, when your government economics is on highest level, it means that peoples in the country have enough jobs and businesses are working well. On the other hand, if economic levels in the country are low, it means some businesses are not doing well, and it brings unemployment and lack of good paying jobs. Today we can see big economic crises around the world, and the biggest economic problems according to some scientists is in weakening The US economic. If you compare capitalistic system to socialistic, than the second one is more oriented towards people in the community, than economic. However in my country the biggest problem is in corruption in government. Because of the corruption growth of the economy is very slow. Most of the people are left behind the level of the poverty. Every time when the election begins people choose between political powers in hopes that they will be able to change economy and it will be developing.
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doro
3/28/2010 02:55:31 pm
Both capitalizm and socializm have the same kind of system .Socilist goverment will take your money by force and will give you a piece , make sure you go to work the next day healty and strong. Capitalist goverment imposing law make sure you pay taxes by your own admission( other wise IRS) coming after you . Both type of goverment will tell you they are your Pappa and Mamama you will never have.At this time the financial institiution so complex , they even did not know why all econmomy melt down happened.
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Valeriy Sentsov
4/5/2010 03:43:56 pm
I think the biggest problem in the world is unemployment and what causes it. What causes unemployment is when the country faces a crisis of some sort in this case like the depression we faced in USA. Unemployment is when innocent people are losing there jobs for the mistakes of politicians that govern the country. In Russia even thaw it was socialist, people always had jobs, jobs not always the best but jobs anyway. I think the only way to end unemployment is for government to be concerned more on there people’s problems and making the life of the people in the country better. In one way to use less money on military and more on countries needs like making schools better. Making better healthcare programs and better housing for the population. This way everyone will be happy and lesser chances of unemployment will acure.
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