RISING PRICES
Inflation,
rising
cost, is something we are pretty much gotten used to by now. But are
these "rising costs" really that rising? Are they more artificial by
nature? Or may be there is more to it than we have analyzed yet. Could
all this emanate from humanity's carnal urge for Greed, hence leading to over
profiteering?
Instead of just being content with reasonable profit, greed
leads people to go beyond, much beyond. This over booking of profits at each
level of production, in any line of manufacturing, sets in motion a chain reaction, escalating costs at every instance of value
addition to the production line.
Eventually
the end product becomes so Goddamn over priced, bringing tears to the buyer's
dreamy eyes. Yet the buyer decides that he needs it, probably his own desires transcending
"logical limits" and ignoring basic reasoning.
So,
he adopts a similar methodology to help finance his own desire. He too
wants a much larger chunk of the margin than previously planned, of course in
a different field of activity, concerning his economic livelihood. This creates
a Micro-Chain reaction at the individual level. Small chain reactions combine together,
forming a larger ripple effect that cuts across product categories or
consumption patterns prevalent in the economy.
The Micro
reactions stemming out of 'individual Greed', combining together have created
what is commonly known as "Rising Prices" or "Inflated costs" in every aspect of
consumerism or production in the economy.
Can
stricter laws to monitor profiteering at each level of value addition be the
answer to all this? Or is it time for someone to be the Law in itself? Maybe
the solution is much simpler, like looking up the word 'contentment' in the
dictionary and letting its true meaning set in.
Mahatma Gandhi prophetically once said, "Mother nature has enough for everyone's need, but not for their greed". That logic still holds true.
Mahatma Gandhi prophetically once said, "Mother nature has enough for everyone's need, but not for their greed". That logic still holds true.