Production, Investment, and Technology

Societies which have had free markets and have had bad experiences loudly proclaim the merits of a socialist state controlled economy, while those societies which have suffered the ills of socialist state controls are crying out for a need for liberalization. There is such diversity in the experiences of different countries with different political and economic systems that it is very difficult to make general statements on the merits and demerits of any particular system. How can one prepare a strategy for the future that is more equitable and cares for the human being, who should ultimately be at the centre of this whole debate? Is it at all possible to prepare such a strategy that is applicable all over the world? Secondly who is to prepare such a strategy? In this paper, the issue of who is to prepare and implement such a strategy should be first addressed, as the issue has become very complex. it was decided to clearly structure the discussion into selected topics so that the impact of the changes in Technology, Production and Investment on all aspects affecting people and societies could be discussed.