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08.02.2014 Feature Article

ECONOMIC POWER

ECONOMIC POWER
08.02.2014 LISTEN

ECONOMIC POWER

1. Introduction

In this world having money means power; it indicates that this individual possesses power that can also make him/her accomplish many things as well as secure influence. The access to money/economic resources has today made not only individuals to possess the best influence; it helps even groups, nations, and etc to control many opportunities in the world. The reason why super powers in the world are reckoned with and are feared by nations around stems from this very reason; they possess enormous wealth, vast resources, and other potential assets/goods that allow them to have control over other weaker nations. Where a group of people from another country, be it minority or majority, have succeeded in capturing economic resources in the country, they dominate and can be reckoned with in the generations that lie head.

2. Economic power

What is economic power? It is a condition of having sufficient productive resources at command that give the capacity to make and enforce economic decisions, such as allocation of resources and apportioning of goods and services. Economic power can be also defined broadly as the capacity to influence other states or bodies through economic means. It is composed of a country's industrial base, natural resources, capital, technology, geographic position, health system and productive system.

3. USA's Experience

In the USA, the Jews are known to possessing economic power; as a result, they possess influence in this richest nation of the world. Right from the business world and banking sector they dominate and perform wonders. There are a number of rich men that originate from these groups; one can name Warren Buffet, Bill Gate, Blumberg, etc and many others. These men possess power and influence a lot as well as direct the channel of progress in the world. Nor is this all. For in the academic world, they are seen as professors, scientists, philosophers, poets etc. In fact, their men continue to win Noble Prize in physics, chemistry, medicine and other less known prizes in the world, both in the USA and also many European countries as well. Some union leaders originate from among these men who possess both influence and power.

One characteristic about these men is that they know how to build from the scratch, and because of that they also know how to keep wealth and riches and all the resources they amass. They do not steal from the public and their governments in various countries; nor do they sell the nation's assets and properties to themselves, such as banks and companies or firms. They neither exploit the weaknesses of their country by conniving to win judgment debts which are supposed to enrich the whole nation instead of the few people in the nation. They know how to build form the scratch and are clever in originating ideas and innovations.

4. Great Britain

Even in Great Britain and France, the Jews excel in their world of businesses and banking industries. They contribute to their education establishment and posses companies as well as retail businesses in this Great Kingdom.

5. Russia and South Africa

It is often agreed and mentioned that 6% Jews in Russia form part of the Oligarch in the country; they are also seen in the political hierarchy.

In South Africa, the 10% White owns almost everything in the country; the 90% blacks are struggling in their own country to catch up which will not be easy. These white possess power and influence to which some small groups in Ghana are commencing to emulate them. But unlike the White South Africans, the Ghanaians do not know how to build from the scratch. They only know how to steal and sell public assets and properties. Because they do not know how to build, like Mary Cruise (Corazon Indomable), they shall soon squander off the wealth and properties they had stolen from the state, and sooner or later they shall be left with nothing.

6. Ghana's Experience

Ghana's history is one of sadness. Right from the Coup de tat Era where some groups had wanted to use military power to steal, sell, and dominate, we have now entered a new Era where some groups think Ghanaians are stupid, so they could utilize economic power to support their shaky power and influence they enjoy in the country. They are not only conniving to enrich themselves with temporary power by winning false cases of judgment debt, but also selling to themselves the state's properties and assets, such as banks, companies, etc. These bad strategies of acquiring temporary and shaky influence has been noted by some thinking Ghanaians, who believe that these malpractices can be reversed both by boycotting their banks and companies and also establishing their own descent Best Spot Banks and companies. These expositions are clear because they have noted their defects of not being able to build from scratch but enjoy by stealing from the public and their meager assets they have invested in their Servant Bank.

Craving for shaky economic power are now making some groups to educate through overrepresentation at the universities in an attempt to have equal share of power or undermine the whole establishment. But this will not work, as the majority of Ghanaians have become aware of that. They shall not succeed but will eventually fail to deceive innocent Ghanaians about their evil intentions that are keeping Ghana marking time like the tortoise and not progressing.

7. Conclusion

In those countries where minorities had had the economic power and they are left alone, they do not have to practice ethnicity tendencies. That brought much awareness to fight against. But where the people have motive of ethnicity tendencies that can be detrimental to the nation's progress and harmony, the usual procedure of boycotting their businesses and products could easily lead to bankruptcy; they shall easily vanish from the scene. “A word to the wise is enough.”

Desmond Ayim-Aboagye is an Associate Professor in Abo Akademi University in Finland and Uppsala University in Sweden.

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