Privatisation of services in 1991 was the biggest blunder in the history of mankind. It was though influenced from abroad. As products that needs to be taken to customer care center at regular intervals doesn't have any organic growth. Many such sectors, that doesn't have an organic demand like legal, medical, orphanage, old age homes, artificial insemination, etc. Moreover, as we all know that currency notes are printed at taxpayers fund, therefore it shouldn't be neither owned nor inherited. It cannot be assessed as an individual's property.
During my decade long study to find the etiology of corruption, I found that our survival instincts are very strong. It overpowers creative instincts. That's how we learn to innovate. Competition between professional involved in providing products having organic consumption, the consumers will benefit from their inventions. But, if they are involved in professions have inorganic demand like legal, medical, etc, thir inventions will hit hard to the citizens like privatization of legal system has resulted in obstructions of policies that are going to benefit the majority of the society. Privatization of medical has resulted in distortion of our genetic expressions & growth of pharmaceutical sector.
Some excerpts from our study:-
Education cannot be a right. It is a duty. People doesn't have the right to decide whether to educate their children or not, specially those parent who have the money to avail prostitution & liquor but not for educating their children. It hialriousto see they are earning through subsidies even.
Philanthropy is monetization of human sufferings. If any humble gene is interested to serve the poor then his account statement should show deduction in his earnings instead of an increase.
Sponsorships, should be forwarded to taxpayers or high income group. It should have been made to facilitate Gen Z & upcoming national talents, who want to make their nation proud.
With banks forwarding long term housing loans to employees working in contractors like BPO etc. was another blunder. A careful financial restructuring is needed to stop youngsters becoming scam-stars.
Some services sector like Tourism, deals with citizens of host country but promotes products of nearby locations like hotels & other products, bringing in customers for products that have high demand.
Exports & Imports - services sector of a host country favoring products of another country.
Films shouldn't be categorized as services sector because only one product can be made that has a short time span. It must be treated as intangible assets as it promotes the imagination of humans.
Above all, the accounting standards should be made uniform for promoting intellectual properties which is the primary cause for the evolution of human genes. We should revert to "Cash is liquid asset, Profit is a liability as it needs to be shared & finally, Loss is an asset as it is primary cause of learning.
We hope to work together so that products having organic demand are promoted so that our genome doesn't get distorted. This is after all, a divine gift.
Innovative products should be thoroughly assessed before allowed to execute their expansion plans. After a decade, we find AI is costly to replace humans. The maintanence servives needed by AI is more as compared to similar businesses carried out by humans. A careful financial restructuring needs to reboot the confidence of investors.
Our market study suggests that Investment in designer products is the best sources of passive income as it might have lower demand but returns higher volume of profits as these products have the strong organic demand supported by desire.