2009-recession

its been an eye opener for the entire world. the start of 2009 has witnessed harsh reality and is the time to rethink and re-evalute the direction where we are heading to.

facts::
West (read as the motley of 1st world countries) has failed with its idea of capitalism.
Global recession (an essential product of US) has clearly indicated the fallacies in judgement of west.
though most millionaires of the west have been bailed out by the socialist west, its the poorer and developing nations which are suffering.

let me try making sense now.

though i am not a follower of socialism (i hardly know anything to be a follower), but am sure that the preaching of capitalism theories (sharply criticised by marx as a cycle of boom and bust) by the west has been wrong. What the west has over the years done is that they have strengthened their internal economies to be competitive through capitalism and the weaker ones have been either 'bailed out' or 'outsourced'. now, the preaching of capitalism comes in. in the name of 'competitive cost advantage' and 'open markets' for the developing nations, they have coupled up other nation's economies and sold their products at higher prices (to maintain THEIR citizen's lifestyles) and got cheaper services (again to maintain THEIR citizen's lifestyles). any faults in their system are met with provision of assistance to their citizens (thats what socialism is, rite?). in specific context with india, first, the west wants free flow of money across the world. then they start pouring in money like hell to make the economy of india seem like the biggest in the world (with NYSE trading around 13000, india's is trading around 22,000). then they extract all of it and get lots of profit (to help maintain THEIR lifestyle in troubled times) in doing so and play the blame on recession. US played bull in markets and who has to suffer? the indians, who, stupidly (and with rising salaries thought of using that extra money) put the money into stock market. had the markets not been open, the sensex would still be trading at 10,000 in jan, so that people would'nt have turned into fools(as it is today). so the sufferers have been developing nations as their money is sucked up to the US (do i need to write 'to help maintain THEIR lifestyle' again?? )

but here's the catch. till what time can all this continue ??

how much more can, and the US govt will DO to continue with this policy. i believe these protectionist schemes and 'bail outs' or wateva are just there to defer the bust that marx predicts. its time to wake up and accept the past and change your attitude for tomorrow ...
"this world has enough resources to fulfill necessities of every person. but not enough to fulfill the desires of them" .Gandhi.