A free lesson for Julius Malema, ANCYL, and all South African youth.
Economic Freedom is the content of economic determination within the context of economic principles to produce, distribute, and consume products, and services in fair, proper and honest attitude, in order to address people's needs and wants in manner balanced with resources scarcity, through affording participation of all social agents by creating and sustaining creativity, wealth, and comfortable environment whereby macroeconomic and microeconomic factors support each through central monitory and decentralised self regulation between states and markets. Therefore, economic freedom is characterised by empowerment, sustainability, and development.
The above definition is my perspective on economic freedom, HOWEVER:
To realise, economic emancipation on an individual level and economic freedom on national society, two things must unfold:
Firstly, our socioeconomic values must change towards mutual prosperity, interdependence, and universal shared values. Secondly, there must be a unification of capitalistic and socialistic systems forming a new and high economic system centred on love consciousness and guided by love paradigm (humanness/humanity).
This then speaks to the need of prioritising capacity building of the masses to be relevant economic role players.
On one hand, education (intellectual, technical, & physical) must be intensified, and on the other hand, the ability to mobilize capital within the confines of "real economy" must be promoted and regulated.
This will serve as means of protection against the abuse of Capital, particularly within financial markets.
The love driven economic change, should be able to redress unnecessary production, unjust distribution, and unreasonable consumption.
When we live a love driven life, all people, and nations will work towards public and greater good by having an adequate production of needed commodities, tolerable and efficient distribution of goods and wealth, and sensible and appropriate consumption.
The model of this love driven economics can be drawn from what biology and physiology teaches about human body systems. For example we can draw economic lessons about production form digestive system, distribution lessons drawn from circular system, we can look at cells and tissues for consumption, and about the reserves we can draw lessons from the liver.
It then must be understood, that we urgently need to change our human relations and culture. This challenges humanity to stop undermining and neglecting our continuity for failure to love. Be it loving ourselves, our environment, and others. It also demands us to revive a strong family ethics to be the engine for economic transformation and modelling.
In order to deal with love struggle in our socioeconomic contradiction, and bury the greediness that currently prevails, we ought to live a love driven life which will substantively transform our human relations and the direction of human development. In turn; this will serve as the basis for World Economic Revolution and the pursuit of economic freedom in our life time.
I therefore call upon all South Africans to support the proposal for Economic Freedom Convention, to strive and formulate an alternative economic freedom strategy for all races, ages, and gender.
By Reece Phatudi: Social Commentator, Author of Essentials of Love, & Love Activist.
This is Love Perspective drawn from the book Essentials of Love
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