Applications

Section two – @SageAndOnion applications.

You now have all you need to redesign the UK economy so it can provide for the needs and wants of the population or as much as possible at any rate. Just combine these four lessons and sprinkle over some morality.

To save you a reread: Much of the UK's economy is based on markets (someone buys and someone else sells, both are happy as they have both gained, otherwise they wouldn’t have traded)…

..except.. when the negotiating power of one of the paries is much stronger than the other perhaps due to size or neediness....

..except.. when the transaction between buyer and seller brings a cost to a third party, a cost like pollution, rising prices of needed goods or illness. Or

..except.. when the trade brings costs later on to one of the direct parties like a physical illness or increasing debt due to unknown clauses in the small print.

Yes there are lots of exceptions to the over simple Adam Smith economic model of the world and now we need to add some morality, actually something Adam was pretty strong on, but he used his book Wealth of Nations to show it's not needed, well it is.

Some people are happy with the detrimental side effects of a market economy, perhaps they gained from this very system that makes others unhappy, some are so distressed that they want to chuck out the market economy altogether. What’s your viewpoint on this scale? I’m in the middle and so as a radical moderate the following is a blue print for an economic/moral balance that I am happy with; let’s call it moralomics.

Others won’t like this, in a democracy we're all entitled to our own views.

See applications below / on the right...