A Problem And A Solution Come In A Pack
At times, the problem persists because what seems like a solution appears too simple to address a 'big' problem.
For instance, during the great depression, John Maynard Keynes, an Economist, argued that the way out of the depression was for the government to stimulate the economy by spending money.
Meanwhile, depression is a complete downturn in economic activities, "in conjunction with a sharp fall in growth, employment, and production".
During a recession/depression, companies stop production as people stop making purchases due to unemployment.
Thus, John Keynes stated that the solution to the depression was for people to start spending money. But if they are unemployed, how would they get the money to spend?
He said governments should borrow and spend on infrastructure and make it a public expense to pay for.
If people spend money, the production of goods and services will begin to meet the increased demand, and economic growth will resume until the financial cycle of demand and supply is completed.
This Keynesian theory went contrary to older economic theories, so nobody believed a simple theory like that could solve a big problem like the Great Depression. It later became the solution.
The Keynesian theory may sound very simple today, but during the 1930s, only John Keynes saw this simple solution to a big problem like the great depression.
As such, in 1944, agreements were signed at Bretton Woods, New Hampshire, to institutionalise Keynesianism in the international monetary system.
Nowadays, you hear stimulus packages during economic downturns – all thanks to John Maynard Keynes.
Today, President Joe Biden has proposed a 1.9 trillion dollar stimulus package to revive the US economy, which has been battered by the effects of the coronavirus pandemic. That's Keynesianism.
And so, when you encounter a problem, remember that its solution is embedded in the problem, and start looking for it.
Finally, what you see as a problem today is a solution to an unseen problem. Look again.
In all, remember, in every situation, some people see problems/threats while others see solutions/opportunities.
Everything depends on what you see, and what you see is the "thin line between success and failure".
~liberate your mind
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