The economic world is experiencing one of its most trying times. Both the US and now the European Union is facing problems like nothing before and until there is a global consensus on the way the world should move forward there is not going to be any streak of light in the form of hope anywhere. The overall attitude everywhere is one of skepticism and even those countries which have found some vision by adopting fast to the Western standards are now getting nervous. Of course the emerging economies do have a domestic market that would by and large sustain their industrial development for a decade or two perhaps, but all this is not heartening as economics is fumbling in the hands of experts and those who have the power and diligence enough to rattle out jargon of mathematics and statistics. They produce statements after statements in such rapid succession that major part of the population somehow find themselves blaming their stars and not their masters who it seems are not there to light up their path to prosperity.
True, economics and politics play a complementary role in a free country or otherwise too, yet the paradox is that bad politics overplay good economics and good economics is not easy to come by these days. After all economics is still in the hands of those who have a little intention of making it acceptable to the larger section of the masses and to make matters worse it is still a developing science.
When I say humanitarianism it doesn't imply charity or robbing the rich and helping the poor as most people would like to think. It is a state of mind such that the prime reason for overcoming economic debacle and to make general opportunities available to the masses shouldn't be intepreted as a result of some huge sacrifice, but as a principle reason of making life and workplace sustainable.There is no reason for us to dislike large corporations but that there should be a real reason to like them for their contribution not only in overall meaningful development but also in creating employment directly and indirectly. Sometimes, the supply chain concepts of large industries resulting out of mergers and acquisitions could be a fertile field for creating more of ancillary units in the creation of employment. Yet there is much to be desired here as mergers and acquisitions may make companies large in proportion to their sizes the employment potentials turn awfully poor.
The respective governments has an important part to play and not just remain helpless to the general rot taking place in the financial and economic markets, but must act like a system regulator. Unfortunately, it is the system of lobbying that has increased this kind of mess than anything else. In India, aping the West, our own lobbying has made significant contribution to the prevalent mess in scams. When e-governance should have become the main part of the system for licensing on merit basis the reverse is true and the entire drama that is played out there is more like stone age methods than that of any civilized society.
When there is a level playing field why should there be justification for unnecessary lobbying. Another thing that could crop up in anybody's mind is that if there is such thing as level playing field then why a particular group of entrepreneurs stand to gain in the rot created by their own misdemeanors than the aspiring young group of new found entrepreneurial class? The idea of stimulus packages and instilling the dying passion of the so called stalwarts of business today is another sure sign of decay of free enterprise. Again, in the level playing field why shouldn't there be as many de- mergers, de-acquisitions, and splitting of enterprises found as its absence do make matters worse for the economy of the country.
Arcane American stimulus package if at all good for short term and only for short term impetus could do so little then why then waste the money like this?
Paradoxical European Union economical debacle shows that all is not good if this kind of biased economic development is allowed to take shape where even the right to be greedy rests on a handful of sycophant business lobbyists.This shows that something more ought to be done. Perhaps focusing on humanitarian mind set can lead to better answers.Humanitarian belief doesn't mean right or left but a flexible approach that can turn right or left like a steering wheel of a vehicle but steadying the vehicle from falling off the track.
True, economics and politics play a complementary role in a free country or otherwise too, yet the paradox is that bad politics overplay good economics and good economics is not easy to come by these days. After all economics is still in the hands of those who have a little intention of making it acceptable to the larger section of the masses and to make matters worse it is still a developing science.
When I say humanitarianism it doesn't imply charity or robbing the rich and helping the poor as most people would like to think. It is a state of mind such that the prime reason for overcoming economic debacle and to make general opportunities available to the masses shouldn't be intepreted as a result of some huge sacrifice, but as a principle reason of making life and workplace sustainable.There is no reason for us to dislike large corporations but that there should be a real reason to like them for their contribution not only in overall meaningful development but also in creating employment directly and indirectly. Sometimes, the supply chain concepts of large industries resulting out of mergers and acquisitions could be a fertile field for creating more of ancillary units in the creation of employment. Yet there is much to be desired here as mergers and acquisitions may make companies large in proportion to their sizes the employment potentials turn awfully poor.
The respective governments has an important part to play and not just remain helpless to the general rot taking place in the financial and economic markets, but must act like a system regulator. Unfortunately, it is the system of lobbying that has increased this kind of mess than anything else. In India, aping the West, our own lobbying has made significant contribution to the prevalent mess in scams. When e-governance should have become the main part of the system for licensing on merit basis the reverse is true and the entire drama that is played out there is more like stone age methods than that of any civilized society.
When there is a level playing field why should there be justification for unnecessary lobbying. Another thing that could crop up in anybody's mind is that if there is such thing as level playing field then why a particular group of entrepreneurs stand to gain in the rot created by their own misdemeanors than the aspiring young group of new found entrepreneurial class? The idea of stimulus packages and instilling the dying passion of the so called stalwarts of business today is another sure sign of decay of free enterprise. Again, in the level playing field why shouldn't there be as many de- mergers, de-acquisitions, and splitting of enterprises found as its absence do make matters worse for the economy of the country.
Arcane American stimulus package if at all good for short term and only for short term impetus could do so little then why then waste the money like this?
Paradoxical European Union economical debacle shows that all is not good if this kind of biased economic development is allowed to take shape where even the right to be greedy rests on a handful of sycophant business lobbyists.This shows that something more ought to be done. Perhaps focusing on humanitarian mind set can lead to better answers.Humanitarian belief doesn't mean right or left but a flexible approach that can turn right or left like a steering wheel of a vehicle but steadying the vehicle from falling off the track.
