This one is going to be as random as expected. The meandering flow of thoughts that abounds my head is going to flood out while I keep a watch on the receding sanity level.
The other day I sat watching "Commanding Heights". It's an exceptional documentary on the way modern economies have evolved. It looks at how the world is getting more and more connected and dependent; how new patterns of globalization and trade are emerging out of old ones and how we all stand with one hand in each others pockets; how capital can move beyond political barriers within seconds affecting fortunes of millions.
The documentary talked about marxism, communism, inflation and stagnation and how the current series of global crises have come about. Though socialism is slow poison, even capitalism is not the answer, economic disparity skews the condition of populace of a country. Most of the money goes to the rich and even though the world talks about the trickle down effect, it is more of a synonym for exploitation of the poor.
The failure of Doha talks came as no surprise. Lately, the productivity in US has gone down and it is with debt that the US has been financing its luxuries. With US elections iminent, it was impossible for the US to cut farm subsidies and the developing world wasn't going to open up in a unilateral manner. Along with the weakness of the Dollar with rise of the Euro, the US has lost its touch and it is likely that it will have to face tough times ahead unless its productivity goes up.
The other day I sat watching "Commanding Heights". It's an exceptional documentary on the way modern economies have evolved. It looks at how the world is getting more and more connected and dependent; how new patterns of globalization and trade are emerging out of old ones and how we all stand with one hand in each others pockets; how capital can move beyond political barriers within seconds affecting fortunes of millions.
The documentary talked about marxism, communism, inflation and stagnation and how the current series of global crises have come about. Though socialism is slow poison, even capitalism is not the answer, economic disparity skews the condition of populace of a country. Most of the money goes to the rich and even though the world talks about the trickle down effect, it is more of a synonym for exploitation of the poor.
The failure of Doha talks came as no surprise. Lately, the productivity in US has gone down and it is with debt that the US has been financing its luxuries. With US elections iminent, it was impossible for the US to cut farm subsidies and the developing world wasn't going to open up in a unilateral manner. Along with the weakness of the Dollar with rise of the Euro, the US has lost its touch and it is likely that it will have to face tough times ahead unless its productivity goes up.
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