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Title : Explain the importance of New Economy Policy (Lakshan)
Author: Lakshan Bandara
Lakshan Bandara

Created Date: 2021-11-11
Last Modified Date: 2021-11-11
Category: Economy
Article Code: 190
Keywords: Economy, model


In my proposed constitution, under economy policy, I introduced a new economy model.

New Economy Model:
1. New Sharing Economy Theory
2. New Entrepreneurship Theory
3. New Governance Theory

I showed that Sharing Economy is about Communism over Capitalism.

There are good sides and bad sides of both Capitalism and Communism.

Bad side of Capitalism is Feudalism, the modern day slavery.

Bad side of Communism is protest and destruction.

Unfortunately, Sri Lanka is experiencing aforesaid bad sides.

If we are wise to filter out the bad sides, we can prosper with Capitalism and Communism.

Good side of Capitalism is profit gain.

Good side of Communism is profit sharing.

Isolating profit gains is no good.
They must be shared.

Sharing poverty is no good.
There must have profits to share.

To make the proposed economy a practical reality, investments down to grassroot level via New Entrepreneurship Theory and direction given to Liberal markets via New Governance Theory must be implemented.

Placing the correct mechanisms based on concepts and goals is all about structural design.

Sri Lanka must be restructured as proposed in my constitution.

Patchwork solutions have no effect.
Implement this model wholeheartedly and see the results in few months.

To achieve developed state in the long run, after paying all debt, the proposed ecosystem design consists of education, inventions, bidirectional communication, political model, academy-industry interdependence, etc to contribute our economy.

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