“THE ECONOMY, BUSINESS ENTERPRISES AND SOCIAL NEEDS”–1

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Dr. John Psarouthakis

Executive Editor.

During the last four decades or so we have witnessed a fundamental and historic shift of how the economies around the world develop. With the collapse of communism, the centralized and state control model of the economy has collapsed. Other socialist State models, i.e., Sweden, UK before Margaret Thatcher, and Venezuela recently have also collapsed. What we have now, however imperfect it maybe, is the economic model of the “Free Market.” This shift is occurring in parallel with two other socio-political expressions: 1. Smaller government, though i recent years this seems to have moderated quite a bit, and 2. The need, indeed the demand by our society to provide assistance, protection, and distribution of economic benefits a “fair” way. What we are witnessing is a major shift on “how we can fulfill our expectations of a humanistic society” this influences the development and distribution of technology and business / economic Knowledge while we keep the state’s interventions and control power at minimum.

Other short articles on this topic will follow

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