It shows up in grocery bills, rent payments, job security, and the constant pressure to keep up with rising costs. When economic discussions ignore these realities, they lose relevance and credibility.
A major problem is the obsession with growth indicators like GDP. These figures can rise even while inequality deepens and living standards stagnate. Growth alone does not guarantee well-being, yet policies are routinely designed to protect growth at the expense of social stability.
- Markets are powerful tools, but they are not neutral. Without regulation, they reward capital over labor and efficiency over fairness.
- This leads to wealth concentration and economic exclusion, outcomes often treated as unfortunate side effects rather than predictable results.
Governments play a decisive role in shaping economic outcomes. Tax policy, labor laws, and public investment determine whether prosperity is shared or captured by a few. Weak governance allows economic power to translate directly into political influence.
A healthy economy is one that balances productivity with dignity. Until economic success is measured by human outcomes rather than abstract metrics, policy failures will continue to repeat themselves.
