The flaws in our social system are more visible than ever. In the last post, the prominent flaws in the current economic and other systems (Social, healthcare, and Environmental protection) appeared during the COVID-19 crisis have discussed. The critics of the system point out the widespread poverty and the gap between the rich and the poor. The other argument against the system is that it is biased the discrimination based on color, race, and religion hampers the development of human resources and its productivity.
he world has engulfed into an unprecedented economic crisis due to the COVID-19 pandemic. Initially, COVID-19 was started as a global health crisis with limited implications on the economy, but soon it became an economic crisis. The COVID-19 crisis highlighted the flaws in current prevalent systems. The Economic system, Healthcare System, Environmental protection, and Social System need immediate revamping for the continuous and healthy growth of the world.
An economic forecast which only gives the direction without the exact figures is fairly good for the economist as well as the dependents on forecasts. Forecasting about events based on past and prevailing situations is a very old practice. In old times, Kings kept forecasters/sages to predict the war, health, weather, state of affairs, future... Continue Reading →