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Advances in Social Sciences Research Journal – Vol. 11, No. 3

Publication Date: March 25, 2024

DOI:10.14738/assrj.113.16677.

Cossiga, G. A. (2024). Economic Sustainability isthe Road to Follow Towardsthe Future that is Changing. Advancesin Social Sciences

Research Journal, 11(3). 166-183.

Services for Science and Education – United Kingdom

Economic Sustainability is the Road to Follow Towards the

Future that is Changing

Giovanni Antonio Cossiga

Collegio sindaci Policlinico Umberto 1

Universita Sapienza, ROMA

ABSTRACT

It is certainly singular that a large part of Western and Eastern society has

experienced in the last two years a sudden rise in inflation and there has been great

concern about the development and control of the rise in prices. A sudden but not

unexpected increase in fossil fuels, in the face of a delay in renewable energy. Apart

from the incidence of delays that favored the phenomenon, it must be said that

there is a relationship between humanity's strategic objective for full neutrality

with the environment and the quality of the development of economies - that is, we

will be able to achieve the strategic objective of neutrality if the development of the

global economy is also sustainable and supported. Well, the global picture does not

seem to correspond to this evidence. Because many countries in Africa, Latin

America and others have been grappling with high inflation for a long time.

Furthermore, after the ruffle of inflation driven by international costs, we can see

that half the globe is grappling with long-term deflation, certainly not affected by

the short-term inflation caused by the costs of fossil fuels. Starting from China,

which has been sending waves of deflation for some time, and from Europe itself,

which welcomes them through the drop in prices of exported products and at the

same time the drop in export prices in Europe for reasons of competitiveness. We

ask ourselves how it is possible that international cost inflation is compatible with

long-term deflation in Europe. Well, international cost inflation increases but tends

to decrease when a new price equilibrium is reached. Unlike classical long-term

inflation and deflation, which arise due to problems in the unbalanced economy

thatlast over time and are subjectto constant acceleration that depends on the state

of the economy at the time of its occurrence. It is not easy to bend the sprint of

prices, except with the recessive strategy that rebalances the economy and cuts the

monetary anomaly at the root. The co-presence of inflation and deflation is not

surprising. But only when the growth of inflation depends on the increase in

international prices and therefore almost seems to add algebraically to the

coexisting classical monetary anomalies (deflation and inflation). Beyond this

hypothesis, inflation and deflation cannot coexist. Beyond this hypothesis, inflation

and deflation cannot coexist.

Keywords: Deflation, Coordination of continents, natural Development, Economic

anomalies, international Organizations, full neutrality.

INTRODUCTION

After the COVID-19 epidemic, the economy in Europe travels from one announced recession to

another, announced because the downward step in development did not occur. Betting on

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Cossiga, G. A. (2024). Economic Sustainability is the Road to Follow Towards the Future that is Changing. Advances in Social Sciences Research

Journal, 11(3). 166-183.

URL: http://dx.doi.org/10.14738/assrj.113.16677

economic forecasts is like playing the lottery and losing. In any case, seeing the future in the

mirror, even in the short term, is an impossible option. Better to let it go. Yet, an idea of the

future is what all citizens, businesses and governments have in their heads. Not only. But in the

short term the future rests on the heads of the community who decide by majority whether the

prospects are favorable or not. As we know well, if the majority of a community believes that

development will be sustained, investments, consumption and initiatives will follow an

ascending line. On the contrary, if the majority is pessimistic, the values of the economy will

contract. How this happens and how a uniformity of expectations about the near future is

formed in a brief time is not easy. We can only say that it happens and that the forces, which in

the universe are allied for life on our land and on the universe, act like the force of gravity on

the mood of citizens and on their widespread sensations. Predictions are born from the idea

that the future is born from the past. Unavoidable. But with what intensity and force the present

and the differences of the past impact on the development of the future is at least as

unpredictable. Which is to say that short-term forecasting is more complex than long-range

forecasting. For the alterations of the social and economic fabric that require time to make the

expected reactions felt. All this to say that it is worth listening to the mood of the community

on the medium-term developments of the economy and its initiatives, as a barometer of the

different components that together give the direction ofthe economy. It certainly seems strange

that this prerogative of the community is neglected and not used for a comparison at least

between theoretical predictions and those that emerge from community sentiment. This is

certainly nothing new. But it is the basis of the democratic principle that entrusts citizens with

the task of selecting party programs. In other words, prefigure the path of the economy in the

coming years and with the vote entrust the task to the government that proposes the proposal

for the economy closest to the citizens' sentiment.

It is certainly not trivial to listen in periods to the thoughts and votes of the citizens, that is, of

the majority, why not to be overlooked the periodic listening of the people and the opinion of

the majorities on the most substantial issues of economic development. Of course, we cannot

deny the essential principle on which democracy is based, that is, leadership of the people and

the prevalence of the principle of the majority.

But let us take it easy. We aim to verify whether the conditions to move towards participatory

democracy exist or are occurring. The assumption on which to base we is the widespread

tendency of the electorate to reduce their participation to the voting procedure. In the

assumption felt by many citizens that the expression of the vote means nothing and changes

nothing. Abstention as a protest and not as a rejection of the democratic method. Indeed, a

signal that spreads in countries with representative democracy, also due to the singular apathy

of governments towards the directions expressed by community, evaluated on a final basis as

interest groups and not according to the correct criterion of the community. In essence, once

the idea that governments follow electoral programs and therefore the basic choices of voters

has been attenuated, how and to what extent is the will of the majority of voters respected?

Even the broad lines of division of political representation within the parliamentary arc are

gradually blurred and elusive.

The lower participation in the citizens' vote must be interpreted as an indicator of the citizens'

embarrassment in taking sides according to pre-established majorities, where the choice is

made by acronyms and (historical) meanings and not always according to the economic and