Thursday, December 12, 2013

                                                             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.

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