It is simple. If there is real respect for real work in an economy then such economy cannot fail. Modern economic theories are based on only two strategies 1) Somehow fool and cheat real workers, exploit them to the hilt and become rich 2) Find a rich fellow, somehow screwww his assss and become rich quickly. As a result we see few billionaires and most of the economies are failing. Theory after theory of economics have come forth but they all had to fail because they never show any respect to the worker or the work.
Countries that depend on loot for their economic gains, have ran out of resource natural and in this inadequacy of resource things become more expensive, and the problem is fundamental as population is of meat eater which cause an unnatural strain to the world resources putting much more land under cultivation then necessary.
The issue of technology is non-existent as for population we are much more backwards then people living five thousand years ago as physical health has gone down drastically, and variety of food and quality has gone drastically down. Technology has removed people away from nature into a social fantasy world where conforming to social standards are more important then respect of nature which provides all necessities like food, water,air.
Further to the point it is these criminals in the name of religion fanaticism that is major cause of this environmental destruction which in turn is cause of such poor economy, scrawny body humane beings that look like malnutrition victims throughout the earth instead of past of people with robust bodies nearly unidentifiable except through genetic of being forefathers of.
Lots of people but no quality.Technology according to population gone only more backwards as the environmental disaster means harsher condition, quality of life looking at the average person pathetic.
As long as there are selfish leaders like Advani and Modi, it is very diffucult for the country to grow. These people only wants destruction as if they are brainwashed by our enemies. These people hate great souls like Mahatma Gandhi and Vivekananda and worship traitors like Jinnah. They will fool people by banning liquors in the state and then selling it for twice the price through out the state. They will put an end to anyone who becomes powerful like Hiren Pandya. Their supporters are all goons who does all sort of crimes and they show their power on innocent people and womens and girls. How can any country grow with these kind of people around?
Re: As long as there are selfish leaders like Advani and Modi
by NIRMAL BALIA on Dec 13, 2012 09:14 AM
u have by mistaken taken wrong names it should be gandhi family and ur typr 1471 already 71 yrs more and in next 5 yrs u do not exists
I appreciate rediff you are taking on these big issues but I dont find your explanations enough. There are two main reasons according to Barry Eichengreen, famous economic historian from Berkeley. The first reason is overagressive risk taking by financial institutions - this is the most commonly stated reason, and this is to large extent true. It is basically lending money to people who are living beyond their means in order to_Screw them later. And in these capitalist economies like US and UK everyone does - and hence everybody goes broke and so does the country. The Fed and EuroInstitutes tend to mend this kind of crisis by pumping money into the economy which prevents depressionary tendencies but has opposite effects like long term debts. Liquidation of savings by incurring too much debt is the first reason. Another profound reason that Eichengreen pointed out was this - that the real economy is slowly shifting from the west to the east (China Japan Malaysia India). This is also the cause of instability in global economy. Today the world carries most transactions (80%) in the wrong currency - the USD, while its share in world economy is around 33%. In late 1800s the USA had overtaken Britain, but British stirling remained international currency standard till 1930s - so the world traded with wrong currency. Throughout that era 1890s to 1930s there were many recessions culminating with the greatDepression.Something similar is happening today it will end when USD loses value
Re: Why developed economies are suffering?
by French Cuisine on Dec 12, 2012 11:23 PM
Think about it - people trust the USDollar too much , while in terms of real economy Europe China Japan is twice the size of USA. The most dangerous part is that the US Fed itself prints money and follows no gold/silver standard. So it is basically money out of thin air. So Eichengreen is most likely right about the currency standard we use, the globe is getting their money supply from a country which is bankrupt. Eichengreen goes on to say that the dollar will be replaced by a combination of currencies or one international standard determined by US China and Europe. In my opinion unless they standardise it against gold the globe will continue facing all kinds of problems. If you have one peso you can spend one peso, it is a simple rule. All this theory about how you can keep spending pesos with no peso in your pocket is just cheating, corruption is another word for it. The Chinese have bought too many US bonds for dollars and they have a large reserve, and soon they may find that those dollars mean nothing. Too many dollars too little stuff - hyperinflation, and this thing will end. Globalization as we know it will come to its logical conclusion, and unless China and Europe forces the US to give up hegemony on international transaction the suffering will persist. In a globalized world, maybe I work twice as a US worker but I earn a fourth of his - does that make any sense? So this whole suffering is caused by globalization, and will end when China takes over.
Re: Why developed economies are suffering?
by French Cuisine on Dec 12, 2012 11:23 PM
Think about it - people trust the USDollar too much , while in terms of real economy Europe China Japan is twice the size of USA. The most dangerous part is that the US Fed itself prints money and follows no gold/silver standard. So it is basically money out of thin air. So Eichengreen is most likely right about the currency standard we use, the globe is getting their money supply from a country which is bankrupt. Eichengreen goes on to say that the dollar will be replaced by a combination of currencies or one international standard determined by US China and Europe. In my opinion unless they standardise it against gold the globe will continue facing all kinds of problems. If you have one peso you can spend one peso, it is a simple rule. All this theory about how you can keep spending pesos with no peso in your pocket is just cheating, corruption is another word for it. The Chinese have bought too many US bonds for dollars and they have a large reserve, and soon they may find that those dollars mean nothing. Too many dollars too little stuff - hyperinflation, and this thing will end. Globalization as we know it will come to its logical conclusion, and unless China and Europe forces the US to give up hegemony on international transaction the suffering will persist. In a globalized world, maybe I work twice as a US worker but I earn a fourth of his - does that make any sense? So this whole suffering is caused by globalization, and will end when China takes over.
Growth potential will always be in un/underdeveloped countries, in developed one, either very little growth or no growth. Except eatables or necessities of life, demand for other products come to saturation point, somehow in our country-we are still 100 years back, population continuously increasing, still no drinkable water even after 65 years of independence.
Re: Re: Re: Re: good msg
by NIRMAL BALIA on Dec 13, 2012 09:12 AM
he allows the msgs which are anti hindoos anti BHARAT anti national anti BJP and good
