ECONOMICS & FINANCE
The central question to the study of economics remains the same: how do individuals allocate resources, given that resources are always scarce?
Famine conjures up disconcerting images of emaciated people and wasting, languid children. Witnessing it comes as a visceral shock – the slow and silent extenuating of social structures, family and then the human body itself.
If we continue to allow Corporate America to retain such a short-term investment focus and outlook, it can have drastic effects on America’s future economy. Economic growth comes from investment spending because it leads to innovation, which increases a nation’s production capabilities. As public spending on R&D as a percentage of overall GDP has continuously dropped for decades (a problem that also must be addressed) it is imperative for not only the American government to invest more in our economy’s future, but for our nation’s largest corporations to do so as well.