- Special Sections
- Public Notices
As individuals we spend most of our lives planning resource allocation. Initially our only resource is our own time and effort (unless we were born rich).
Later, if we use this resource wisely, we will accumulate wealth and will be able to also allocate resources with our spending priorities. Many people (perhaps most in the more developed countries) use what we will call plan A. Accumulate wealth by any means available; so as to later have multiple spending options.
Plan B is the opposite, spend time, effort and thought doing what you think is important and what you are capable of. Plan C combines the two. Get a good education and/or extensive training in order to be more effective in both A and B.
Governments are similar in that they must have in place a strategy to develop, focus and control available resources. Their only rational approach is to use some variation of plan C.
A critical part of plan C is to accumulate the knowledge and wisdom that will enable decision makers to wisely allocate the resources they will later control. The financial mess the world is now in can be largely attributed to our neglect of this requirement in our planning.
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