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The efficiency of the market economy results from its central law, that of profits and the maximization of profits, but it proved incapable of eliminating poverty for millions of people. As a result, the global “North-South” problem has arisen and remains a terrible menace hanging over the entire world community. In the most highly developed countries the market has greatly improved productivity, but it has imposed a harmful consumer mentality on the population and created a situation in which unemployment has steadily increased, affecting many millions with all its dramatic social and moral consequences. Unemployment is one of the basic defects of the market-based system. This defect should be overcome or at least minimized in terms of its consequences for working people. But how? The answer is by means of a rational social policy. But this requires revision of some of the present-day dogmas, which
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