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Collapse of Finance Capitalism |
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Economics
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Written by Ac. Krtashivananda Avadhuta
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Mindless profit-making and concentration of wealth in the hands of a few has hurt the financial world across the globe. Even the remedies have not brought any relief. It is the tax payers who bear the brunt to bail out the economy while those responsible spend their stacked up millions to avert the authorities’ eyes from them.
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Economics
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Written by Ravi Logan
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The economic downturn has made everybody sit up and contemplate on the alternatives to Capitalism or make it more people-oriented and not just individual and profit-centric. The need of the hour is economic democracy which promotes human welfare and development of the planet as a whole.
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Stimulus and Deficit Reduction |
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Economics
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Written by Dada Vedaprajinananda
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You can’t have your cake and eat it too
Though the governments world over are trying to tide over the economic crisis, the effect is yet to be seen. Right now, we need to take lessons from the Great Depression of the 1930s.
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Diagnosing The Economic Body Politic |
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Economics
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Written by Hazel Henderson
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The US economy, had since long, begun to show symptoms of its degeneration, only to be ignored as a temporary illness. It was only after it collapsed, that the experts awoke to its problems. Now, the ailment has been diagnosed and the cure too, is in sight. What matters, however, is how effectively will the treatment be carried out and how will the economy respond to it?
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Economics
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Written by Mahesh Prasad
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How Much revolutionary?
Considering the failure of the country's civil servants as well as the Government, to give to the citizens of this country, a clean and honest administration, administrative reforms had become a necessity. But, how far will these reforms as proposed by the Administrative Reforms Commission in its report, revamp the system and not remain a mere rhetoric, is a big question.
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Should Capitalism be Bailed Out? |
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Economics
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Written by Dada Vedaprajiananda
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In the past few months we have been hearing about a lot of “bail outs” in Washington. First there was a $700 billion rescue package for the struggling banking system and then there was a proposed bailout for the big three automakers of Detroit. While it may be possible to remedy some economic problems by “throwing money at them,” this approach will only work for a short time and eventually we will have to look at the real causes of the problems and address them accordingly.
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Inflation, Recession and Conservation |
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Economics
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Written by Shyam Sundar
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The energy cost has gone up all over the world which has disturbed economic parameters one way or the other.
Last
ten years, India is boasting of high economic growth rate. Everybody is
bullish. Government officers, politicians, economists, industry
captains, stock brokers, builders, traders, everybody has expressed
happiness with economy. As the global community developed confidence in
Indian economy, they started investing in India and the foreign
exchange reserve has gone up from zero to 270 billion dollars in last
20 years. With such funds available we have seen large construction
activity in Idia.
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The Human Costs of Economic Meltdown and Its Alternative |
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Economics
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Written by Dada Maheshvarananda
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 The Human Costs
The
human costs of this economic meltdown are only beginning to be felt.
More than a million US citizens have lost their homes in the past two
years, and a million more are expected to lose their homes in the
coming12 months. Yet the United States government continues to pay more
of the mortgage costs of rich homeowners, through larger tax
deductions, than of poorer homeowners.
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Beginning of the End of Capitalism |
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Economics
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Written by Mahesh Pradesh
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Now the time has come to recognize that unbridled greed, only profit
motive-besides creating strain between poor and rich relationships lead
man to grosser tendencies responsible for many a crime generated out of
want.
American economy is in deep crisis. Lehman Brothers, the
biggest bank, has gone bankrupt; other financial giants namely Freddic
Mac, Fennie Mae, AIG, Merril Lynch have failed. Inflation has risen,
thousands of jobs have been cut, consumer trading has fallen, share
market has considerably depressed. People are just shocked. Future has
suddenly become uncertain. Congress has passed $700 billion bill as a
bail out package. Global bail out package is estimated at 2 trillion.
Experts, however, feel that it will have little impact on the health of
economy and that the worst is yet not over!
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Capitalism: A Miserable Failure |
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Economics
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Written by Dada Vedaprajiananda
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 If
you did a search on Google, a few years ago, using the words “miserable
failure” the first search result you would see would be George Bush's
official presidential site. This result was due to “Google bombing” a
technique in which many people linked to the president's website using
the words “miserable failure.” Google changed its ranking algorithm and
you no longer get the presidential site when searching for “miserable
failure” but maybe a more relevant result for a miserable-failure
search would be to find the Wikipedia page on “Capitalism.”
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