Society and ‘Isms’ or the Hungarian Politics nowadays?
Alan Greenspan in his Age of Turbulence states (2007:18), ’It is indeed an age of turbulence, and it would be imprudent and immoral to minimise the human cost of its disruptions. In the face of the increasing integration of the global economy, the world’s citizens face a profound choice: to embrace the worldwide benefit of open markets and open societies that pull people out of poverty and up the ladder of skills to better, more meaningful lives, while bearing in mind fundamental issues of justice; or to reject that opportunity and embrace nativism, tribalism, populism, indeed all the isms into which communities retreat when their identities are under siege and they cannot perceive better option.’ In other worlds if societies reject the benefits of the global economy and reject its power to pull out people out of poverty, it will have major effects upon politics thus affecting the stability of the country and the level of wealth of individuals within that country. In the case of Hungary, current politics constantly rejects the benefits of global economies and intends to merely rely upon fictious ideas that rejects the opportunity of the above mentioned profound choice, hence the society has no other choice than to retreat indeed into all the 'isms'.
Just in Time production really comes from Toyota? Adam Smith wrote about it already in the 18th century.
Adam Smith in his book The Invisible Hand states (2008:34), ‘The greater part of goods, besides, are more perishable than money, and he may frequently sustain a much greater loss by keeping them. When his goods are upon hand, too, he is more liable to such demands for money as he may not be able to answer than when he has got their price in his coffers. Over and above all this, his profit arises more directly from selling than from buying, and he is upon all these accounts generally much more anxious to exchange his goods for money than his money for goods. But though a particular merchant, with abundance of goods in his warehouse, may sometimes be ruined by not being able to sell them in time…’
