Note: I am not an economics student, but I noticed a relation(even if
it is not very clear) between Markovnikov's rule (In chemistry) and
several real world economic scenarios. The content in this post will not
be very scientific, as I do not list figures and most of the
definitions are simplified so that it is easy to understand. The purpose
of this post is to notify and highlight a possible relationship between
Markovnikov's principles and real world economic scenarios, hence it
should not be taken scientifically at this point. Only if people decide
to take my observation one step further then it will be elevated to a
scientific level, but this is entirely up to you.
The most common way to remember Markovnikov's rule: The rich gets more, the poor gets less.
From
this simplified understanding of the application of Markovnikov's rule,
we can establish a direct link between this and the rising inequality
in countries, a serious issue worldwide. So, why am I using this term
instead of merely stating the obvious:The rich gets richer, the poor
gets poorer?
The key idea is that there is a strange,
but rarely explored link between science concepts and economics. Many of
these science concepts clearly show that nature tries to oppose
instability or inequality in the system, and these methods are
discovered by scientists through experimentation and data analysis. In
the real world, economics have similar problems but most of the time,
people use different methods, of varying degrees of effectiveness, to
try to solve the problems. Should it be time for us to relook our
scientific concepts and apply the methods nature uses to restore balance
in the system to solve inequality?
(Before looking at
the next paragraph, may I request that you discard all negative
stereotypes of the different economic classes and look at the scenario
objectively. This will ensure that the scenario below will not incite
any hatred towards other classes)
Now, let us consider a
particular scenario. Imagine that a new deal/opportunity emerges and
various groups of people from a country, let us call it country A, tries
to benefit from it. A consists of businessmen, workers and farmers,
where the businessmen are generally richer than the workers and the
farmers(not implying communism here, let us stick to A being a
capitalist country). Now, the deal is highly lucrative but who will
benefit more from it? If we take a look at real world scenarios, we find
that for most of the time, the businessmen would gain more, while the
poorer people will gain less. Why is this so? Businessmen from A would
not only be able to seize better opportunities due to their high
capital, but they have the expertise and highly paid experts to analyse
the situation and produce the best outcome by using the most profitable
method. On the other hand, the poorer people have less analysis of the
situation and are hence unable to derive much from this new opportunity.
Even if some of them have the knowledge, but they lack the capital. So,
from this scenario, we see the richer people(the businessmen) having
the clear advantage. The result, massive increase in incomes for the
rich, while small increases in income for the poor.
So, what implications and benefits does such a scenario have on the country's economy.
Benefits:
Businessmen become richer, able to create more jobs, more revenue for
country's government, improvement of infrastructure and transportational
facilities, increased standard of living and quality of life for all
citizens.
Implications: High inequality, inflation due to people becoming richer, tension and distrust between classes.
So,
this is the scenario that we are in today. We see a paradox here, while
more jobs are being created and this increases job security, there is
increased distrust between the rich and the poor as there is a decline
in social security. Workers need both to be happy(not considering other
factors). So, are the citizens of the country happier or more depressed?
In fact, they become more depressed because there is a loss of social
cohesion and a common national identity. Instead of being brothers or
sisters, people of different classes now see each other as conflicting
and different groups of people and this clearly reduces the happiness
levels of people in society.
So, now we should ask
ourselves, does science have a solution to similar scenarios? The answer
is yes, but for this, we now turn to Physics concepts on
electromagnetic induction. Remember Lenz's law? Let us apply it to this
scenario. When there is a change, people will oppose the change, if we
follow Lenz's law closely. But in real world scenarios, the conept is a
little more abstract, because when people oppose the change, there will
still be people who oppose the people who oppose the change. So what do
we do now? For this, we now turn to the psychological aspect and ask
ouselves what it means to be a compassionate human being. If we see a
fierce tug of war between classes, should we stand by and stare at them,
or should we move forward to stop? I am sure most of you would be kind
enough to stop them and try to resolve the situation through mediation.
This mediation, in real world scenarios, is actually charity. If the
rich gives to the poor, will the poor be anything but thankful? And if
the rich gives willingly, will the rich be unhappy about it? No, and the
problem is solved. Do we see this anywhere in nature? Yes, in the
global redistribution of heat energy(General circulation model) in
Geography. So, in actual fact, charity is the solution to economic
inequality social issues in society. It might not solve the problem
completely but at least it reduces the problems and overtime, people
will develop so much trust in each other that we will no longer feel we
are unequal. Once again, inequality may be represented by data, but the
true interpretation of inequality is through the eyes of the people.
So,
you might be confused and wondering what does Markovnikov's rule have
to do with everything written in the above paragraph? Well,
Markovnikov's rule is merely the ignition, the idea that allows us to
visualise and understand the issue. It is only through understanding
that we realise we need to frantically solve the issue due to
inequality, and through scientific concepts we apply other methods to
solve it. So, without the ignition, would we go ahead to crack our
brains to solve it? Absolutely not. So, one thing leads to another.
I
hope you have gained a new perspective on how Markovnikov's rule could
be possibly applied to social economic understanding. Even though my
explanations may be scientifically shallow, but it may just ignite the
passion of researchers to study this inequality issue and propose
practical, effective solutions to solve inequality and bridge humanity
together.
Note: As I am a busy student, I have no time
to read or reply your comments. Please do not criticise anyone(including
me) on this blog, as the blog is strictly reserved for constructive
discussion. If I had unintentionally offended anyone, please accept my
sincere apologies and forgive me for my mistake. Once again, thank you
for reading my post and have a nice day ahead.
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