3 diseases of economy 1) Speculation, 2) Hoarding and 3) Money Laundering

For a healthy economical activity we must guard against three prime diseases of any economical system. They are speculation, hoarding and money laundering. Since we at present do not have any concept, as diseases of economics, it may appear strange to the readers but I after considerable study of this aspect of human activity came to the conclusion that these three create disorder in any otherwise healthy market. Some may say that it is merely a coincidence that the economic problems are appearing whenever any over indulgence in these three things is practiced by market men. However, I defer on this and would affirm that every economic problem actually stems from these three activities when continued even at lower concentration. In many markets we see the combination of these three or any two of them and that develops such complex economic problems that one cannot imagine of. At present the economic problem that is pestering the whole world is that of recession. This recession is actually due to whirlpool effect of over and incessant speculation in the shares market. As shares market goes bull and stays so whirlpool effect draws money from other quarters to this speculative market and as a result those sectors of the market suffer from shortage of funds. More money is required for more speculation and this goes on until that bull condition prevails. But as we all know bull is always followed by bear! Market falls and many suffer losses in millions. In this market money actually evaporates, never to be recovered! The sufferer is not only the player but also his business from which he drew money to play the gamble. This process continues through out the bear time as he miserably keeps on trying to recover his money by making false investments and finally when he withdraws both him and his original business has been permanently damaged, himself in bad debt. Many have lost their life by suicide due to it. 

These diseases of economics have supporters in the society. Those agents and their financers who benefit by these activities keep on justifying these activities and try to find explanations to rationalize these malpractices. At present world is experiencing is predicament.

How it affects the general economics of the society we shall see here in short. I cannot go in details as the subject is pretty capacious. To explain the general arrangement I take an example of a village reservoir. All people draw water from it and use it. In economics also we have similar reservoir of funds. This reservoir is the money in the pockets of the people. Every other section draws money from this public reservoir of fund by selling merchandise or service to people of that society. Money is expected to go back to this public reservoir that means to common man of the society. In a healthy economic situation this is the circumstance. When any of the above given diseases are encouraged by vested interest in the market and politics, the situation changes drastically. Attempt is made by these agencies that the funds remain away from the public. This benefits the hoarders of funds immensely but affects the normal working of the economy of the society.

Very often we see governments of ambitious people who are least bothered about the wellbeing of the public make such budgetary provisions so that maximum fund shall remain with the government. At the same time if big business and big producers so plan their economic strategies that more funds will remain with them. These arrangements are temporarily found very good for all these people however as the general pool of funds gradually dries due to such policies in due course the market begins to show its dangerous effects. One thing these greedy people from the government and the business conveniently neglects that, all economic activities are always revolving around common man that means, public. If public has no money all economic activities ultimately suffer.

To remedy some smart people from the vested interest come with novel idea that banks shall provide funds to pay for the purchases of public. This arrangement may appear very convenient on the face of it but the whole concept of loan and economy of loan is based on the principle of repayment of loans. In America we have seen that the loan economics has failed. This is because the priorities of public are other than those expected by the loan economists. This difference maters a lot. And so we have reason to accept the fact that this alternative to usher in loan based economics has no place in public, save for some specific items.

Bottom line is; we must insist to the rulings community that they shall not deviated funds from the main pool of economics, that means public. Best economic arrangement is that where all money keeps moving in the public. This arrangement may not make some people dirty rich but that is not the purpose of good and healthy economic practice. Today we hear of some people being dirty rich and they pride on it. This tendency is not in favor of good economic practices and so must be drastically prohibited. Some body will call me socialistic or even communist but that will be foolish. A decent economic policy is neither capitalistic, socialistic or communistic. To dub any good suggestion by labeling it with such remarks is stupid according to me and so I do not care for that.     

To make it possible I suggest that there should be strict laws limiting the above given malpractices. The problem is our political system is financed by the benefactors from these malpractices.     

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