The economic management’s system updates as the technology and social development likely. The internet technology changes totally the media field and the others including the publishing industry, post office, newspapers are moving and trying to suit the new technologic era.
The economic management could not escape the development of technology and the new way’s management, actually the electronic banking, the transaction, ATM radically blows the financial system and affect the global economy. Therefore, the old economic management’s system still remains in some activities, it could cause the recession or crisis, so the economic management needs to innovate and catching up the technologic development, if not, the old way could contribute to the causes of recession and crisis, actually in the financial field, the stock exchange.
The time changed, therefore, the world still remains the obsolete economic management’s system are:
1-The communist country: Karl Marx’s economic theory is the form of obsolete management is like the dynasty’s era, all national assets plus the laborer congregated in the hand of royal family and officials. The land, property belongs to the dynasty, the laborer was a slave.
The communist is not the revolution that Lenin and the other leaders as Mao Tse Tung, Hồ Chí Minh, Kim Il Sung, Fidel Castro self-promoted and prided themselves. When the communist party rules the government, obviously the inhume regime castigates, centralizes all national assets and enslaves the people as Mr. Nguyễn Hộ is core member of central Vietnam communist party, he told with his comrades at Saigon after South Vietnam fell into communist hand on April 30, 1975:” Their house, we occupy-their wife, we take- their children, we enclave”. Hồ Chí Minh confirmed the robbery’s policy as his speech:” như các cô, các chú có đồ đạc, tài sản gì đó, thì các cô, các chú làm chủ, đó là dân chủ. Các cô, các chú không biết giữ, tôi giữ dùm cho. Tôi tập trung bỏ vào rương, tôi khóa lại và bỏ chìa khóa vào túi tôi đây. Đó là tập trung” (You have assets, you are the owner, it is a democracy. You don’t know how to keep, I do for you. I centralize all and keeping in the coffer, I lock up and the key is in my pocket, it is the centralization).
As the routine, the national economy runs by the professionals or experts, but the most communist leaders and party run the economy on their own way, it is the problem when the communist countries involve the global market. The out of date economic management of communist could harm the democratic country as the virus infects the healthy body. Despite the Communist Bloc collapsed in Europe since early 1990’s but the consequence is still remaining the vestige of Karl Marx’s theory, so the former communist state’s economy lag behind the developed states, Soviet-Union was the most developed state in Global Communist Bloc, therefore, after the regime changed, the old management influences the old way. The communist toxic is like atomic radiation, it remains a long-term in the former communist countries.
For the survival reason, China and Vietnam have applied the ugly economic pattern:” free market is led by socialism”. China and Vietnam joined the free market but they have not eliminated the communist’s character or the toxic communist, so the global economy has been infected. Actually, China’s economy is controlled by the communist party, the most economic architect framed and stuck the interest of a high ranking member in Politic Bureau, the national interest abandoned. Under Mao Tse Tung’s rule, China sank down by the crazy economic plans as Great Leap Toward, Hundred Flowers, Culture Revolution. The brilliant idea of Mao cost 65,000,000 lives and China economy trashed.
Since 1972, the US President Richard Nixon opened the survival way for China and later on the Presidents as Jimmy Carter, Bill Clinton, George Bush H.W Bush and his son George W. Bush, Barrack Obama helped China becomes the second largest economy. Despite China’s growth but the communist manner has not suited for the global economy, it is the dynasty’s economic management in the new era. The innocent leaders and the short-term interest of the wealthy person, company hurriedly welcomed China’s growth and they deeply collaborated. Therefore, after involved with China in trade ties, co-operation, the sclerosis management causes the trouble.
The communist economic management has inserted into the democratic country, including the financial center as Wall Street Stock Exchanges. China joined the WTO and global stock market that is like the rotten meat mixed with the quality meat on the delicious dish. The communist’s economic management pulls back the stock market that harms and unstabilizes the global market. The stock exchange crash, Wall Street Stock Exchange changes that conduct the financial concussion, so the countries link to China could be influenced and damaged more than the country lessens involvement.
2-The politics deeply corner economy: the most left parties have the demagogic policy, they aim to get in the government than taking care the national economy, so when a left party rules the government, they spend for buying ballot in the next election, so the country deeply sinks into to deficit as Greece, the left party failed the economic management and the country has been faced the uncertain situation. Greece’s debt conducts European Union and Europe engaging the crisis that influences the global economy. In the US, President Barrack Obama applied the demagogic policy, he spent too much and borrowed that made America faces the greatest debt ever in history. President Barrack Obama applied the old economic management, it is just expense then borrowing.
3-The old administration remains the bureaucratic office: Although the high technology is helpful the administration reduces the office work, data, archives, payment, and the other public services…unfortunately, the world still burdens the old administration. The red tape and irresponsibility of some democratic governments that affect the economy and national interest. As for in Australia, the heavy bureaucratic administration still exists in the old days, so the most Australian government office including the private sector often dodge the responsibility, even Police in Western Australia runs away from the investigation while the vandal reports from the concerned people as the Neighbour Watch Scheme of Police. In Australia, if someone complains or reports something wrongs including criminal activity, the agency or police passes the responsibility to the other agency and they continue to weasel out, so the Australian people don’t know where to go, what to do.. it is the Running Kangaroo’s administration. The heavy red tape cost the national economy, wasted the time and money.
4-The obsolete economic management in a democratic country has been subverted by communist: Despite the electronic banking is facility into the global financial firms but the old management still hides inside. The banking industry has not changed totally and the negative factors could cause the recession or crisis. The IMF, global banking’s system need to overhaul the new management so far so good. The vestiges of old management could hamper the development of the monetary field. The old management becomes the loopholes of the dishonest who exploits the banking for illegal investment, laundering money. Nevertheless, the communist regime could exploit the negligence and short-term interest of the Western for the malicious conspiracy as North Korea expects as an unofficial province of China, under the umbrella of Beijing, North Korea has spread the economic and financial activities in shadow worldwide, South Korea intelligence alert the undercover financial firm of North Korea that hides the code” Office 39” making money for terror leader Kim Jong Un. North Korea is also the culprit of the US currency counterfeit, Pyongyang attacks the US economy and financial system.
China, Vietnam, and North Korea are the communist regimes, therefore the inhumane regime joined the world market, the virus of dictatorial economy’s management could affect the wealthy economy of Western countries and the other democratic states. The communist always contains the malicious character, the dishonest activates with honest that cause the unstable society, it is the disaster of the world. While the most democratic country respects the law and order, instead of the communist regimes always deceive and subvert the market and finance. China is the perpetrator of the global market with the black fund could funnel the financial espionage agent’s network overseas or the pro-Beijing’s citizen in the Western country. The abundant fund collected from nearly 1.4 billion people plus the financial network that China communist party could exchange the offshore assets as land, farm, property, bribery (political donation)…As a warning of Canada, Australia, the US and Europe, the Western country alert the wealthy Chinese in the mainland have been transferred billions USD to occupy the assets overseas, so the real estate market influences while the prices increased as Skyrocket. China currency doesn’t reflect the true valuation, Yuan appraised by China communist regime, it is a problem for the global economy and the stock market. China banking destroyed the Western monetary firms by the black fund flowing, laundering money. When the Western Banking relates with China banks or the China companies, the risk could occur anytime that cause of the recession and crisis.
The western country made terrible mistake after promoted China joined the global and stock market while the economic management of China doesn’t escape the dynasty economic pattern. China was not ready yet, therefore, the Western hurried acceptance China joined the market and collaboration.
The global economy and stock market have been infiltrated by China and its vassals plus the obsolete management still remain in its system, that causes the global economy and finance currently unstable, the Western needs to innovate the economic management and overhaul the banking system, actually the involvement of the communist countries that contribute the risk.
The economic and financial management has to catch up the era and technology, so the old system and obsolete concern that ruined the future and left the chronicle consequence from the late generation. In Australia, after winning the election 2007, Labor Prime Kevin Rudd and his ministers as Senator Stephen Conroy (Minister of Communication), Senator Penny Wong (Minister for Finance) used the taxpayers to invest NBN (National Broadband Network). The out of date communication’s technology flowed in drain $AUD 65 billion and the big problem raises the grave concern for Australian people while the G5 high technology warned the Kevin Rudd’s government from NBN had planned in 2009 but they ignored.
Monday, January 5, 2018, the stock market dropped sharply that is shaking the global market, the world wiped out $USD 4 trillion. The New York Stock Exchange (NYSE) is the hub of global finance, under the new economic management of White conflicts the old management, actually some countries have not copped yet the change, actually the countries deeply collaborate with China is the dynasty’s economic pattern in the 21st century. The damages measure the nations link with China, so the world catches up the new change in the US and staying away from the obsolete administration, actually the communist countries for avoidance the tumultuous situation in the future./.