The public markets have failures, - just like the private markets have. Such markets dysfunctionalities cause critical hinders to the global Sustainable Development Goals for ‘Institutions’ (SDG16). Therefore, all the united nations need to develop their post-coldwar markets according to the civilized ‘rule by law’. Thus, the public markets have to be consistent with all the other SDGs, - in particular SDG9 Infrastructures/Industries, SDG11 cities/communities & SDG17 public/private partnerships, - as well as the SDGs for basic Human Rights. This blog will focus on some of such critical issues.
The markets’ nature and failures are talked through in blogs like UU20170630. In brief: “Products and services can be categorized as ‘necessary’ and/or ‘tradeable’ – or not. Then, it is easy to determine whether markets should to considered as public or not public. For example, there should not be private monopoly on water and citizens should not be bound to permanent collective housings. Some products and services require markets for exchange, whilst some ‘market failures’ exists since they cannot be priced and traded. There are also ‘public failures’ like ‘forced citizens’ financing’ - and public servants’ tend to do alienated spending.” “Markets should therefore be categorized into; 1. Collective/necessary, like infrastructures that are the public responsibility; 2. Collective/unnecessary, like arenas are public regulated and partial public responsibility; 3) Tradable/necessary are publicly supervised; and 4) Tradable/unnecessary, like consumers goods, are private concerns only.”
Market failures are compensated in order to function better in the civilized societies. There are laws and state aids to protect citizens and small businesses from predatorial oligarchies. There are state aids to develop infrastructures, for rural societies, for market democracies, for maintenance and for innovations. However, such means are abused by private and public oligarchies. Such abuses hinder rightful access for SMB to the huge public market of public purchasing. Moreover, way too much R&D state aid is re-directed to futile research projects - on the cost of the needed sustainable development. Most of the required research for the SDG solutions are already done. Now, it necessary to develop and implement those solutions to realize the development goals before 2030.
Alarmingly, though: “Once again, a reminder that the CPI (Corruption Perception Index) is a measure of the perception, - not the real level of corruption. The mass-propagated delusion that the low score indicates low corruption, is simply just another proof of the masterly mass-psychosis deployed by the parallel press apparatus.” (UU20180316) The article ‘Political corruption’ in Wikipedia mentions several types of corruption like; extortion, comradeship, scandalizing, electoral cheating, fraud, ‘financial mess’, bribery and mafia activities. Global corruptions concern mainly drug-trafficking, human smuggling and whitewashing of money. The annual global political corruption is estimated to be about 1 trillion $/year, the global GWP is about 70 trillion $/y. That suites the thumb-rule that there is an average of 2% disloyal employees - in most firms, - but probably much higher in the public market – rivaling in the non-public markets.” (UU20141024)
The relatively high level of corruption in the public markets is due to the ‘Parallel court apparatuses’, - that are abused to shortcut the criminal courts. Assimilated private industries were illegally granted protection like collective public industries in order to escalate ruins of national private markets. All in all, oligarchic abusive of both public and private markets as well as governments and related cybernetics.” (UU20210402) Only true and uncorrupted ‘Rule by law’ can minimize such public organized criminal disservices.
There are some obvious tasks to do, in order to minimize the public market failures. yet, the parliaments’ governments seem to be too coldwar traumatised to handle the dysfunctionalised public servants. Still, public servants are obliged to:
- Do rule by penalty law at the coldwar public servants – and not by parallel court apparatuses.
- Create proper markets places for both public and non-public sector, preferably by virtual IT.
- Provide the qualified SMBs full access to the public B2B and G2B markets.
- Escalate the sustainable development by technologies like Public Properties as a Service’ (PPaaS).
- Reform the public institutions and service by means of the ‘4th industrial and social revolution.
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Music
Us and Them - Pink Floyd - Piano Cover
https://youtu.be/ZpwJaQ6C81Q
Links
UN Sustainable Development Goals
https://sdgs.un.org/goals