A karma based economic recovery

In this piece I would like to discuss with a little more depth how I believe that by spending our money in a more karmic way, anybody in the world can do the most to help out the economy of both their region and humanity in general.  First, when I speak of karma here, I am not talking about reincarnation, or some kind of cosmic balance, I am speaking of a more directly relatable and translatable concept.  By the karma of wealth, I am referring to whether the money you spend, in your day to day or at your business, goes on to be spent in positve or negative ways once it leaves your posession. 
To help illustrate this concept, I would like to explain some ways in which wealth is spent in a karmically negative way.  As one example, when you, as an American or other first world resident, buy merchandise made in a country that uses sweatshop or prison labor, this money goes on to be used in a variety of negative ways.  Not only does it leave your local economy, generally with a barely livable wage benefit to those on the local distribution side, it provides the financial backbone of an industry that forces people to work in conditions that we first worlders would be rightly appalled at.  Furthermore, our reliance on importing from overseas also exponentially increases our dependence on oil and gas as a factor in all the costs we pay.  The price hike that the Saudis and Big Oil have crammed down the world’s collective throats has been more of a factor in American price inflation than any other single factor, and yet we as a nation do nothing about it.  The majority of the money that you spend at national and multinational companies, rather than re-entering the local or national economy, often ends up residing in offshore holding accounts, whether personal or business, where it can basically just sit and do nothing, free from the meddling hands of the government, and helping no one, and acting only to sustain the system that created it.  This is how wealth can acquire negative karma; it does not serve to functionally enhance the economy, and by supporting businesses that usually pay their employees as little as possible, it greatly restricts the financial assets that the employees of said business can contribute back to the local economy.
Contrast this with spending money at the local level, which has numerous benefits on both a social and economic level.  When you buy locally, not only are you doing your part to help insure that the owners and employees of that business can continue to work, feed their families, et cetera, if the goods you buy were locally produced, you are also increasing the immediate value of your local economy.  Furthermore, when you support non-exploitative local businesses, this drastically increases the likelihood that your money will remain in economy, and sets us on the appropriate path for perhaps actually having a trade surplus instead of a deficit.  Spending money locally also ensures that the maximum amount of tax profit from the sale will benefit the governments of your area, rather than the Swiss accounts of billionaires and the coffers of totalitarian slave states.  Finally, completing the karma concept, if you have any kind of job that provides a good or service to a community, then more money contained within your local economy means that more financial compensation will be available for your goods and services.
The main thing I would like people to take away from this is to think constructively not just about what they buy and where they buy it from; but also where the money goes once it is spent.  I would like to see people spending their money in ways that contribute to the well being of not only themselves but those around them.  This is the easiest, most readily available path to a lasting economic recovery, and one that makes sense regardless of political affiliation or belief.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s