Human Wrongs Watch
By Johan Galtung*
Jondal-Hardanger-Norway, 1 February 2016 – TRANSCEND Media Service

Johan Galtung
Let us have a look, and see what can be done.
[1] Economies. NYSE is falling; China is consuming, with problems; the West blames China, not itself, for all.
The truth is over-reliance on one commodity, oil-gas, hitting vulnerable economies doubly.
Steep fall in price: $120-130 to $30-20, close to 1973 from $1 to $10.
Steep fall in demand for that globally toxic product; a sign of rationality (but, the other globally toxic product, derivatives for speculation?)
The currencies of oil-producers tumble. stocks fall; in Norway to the tune of half the state budget in three weeks (Finansavisen 21Jan 2016).
And over-reliance on trade with vulnerable economies.
Remedies: To become less vulnerable, through [1] more self-reliance nationally and locally, indeed for basic needs like food, [2] fully-fledged economies with primary-secondary-tertiary-quaternary (care for people and nature) sectors. Simple, sustainable rules.