Paradigm Shift
Earning huge profit was the only & sole objective of multinationals and corporate houses, they forgor that business should add value to the society at last. Even today also most of the entrepreneurs thinks in the same way but it has left us with horrible effects (few points are given below) and enjoying a capitalistic plus consumption based economy;
1. It has made rich more richer and poor more poorer
2. Scattered and ill distributed income with huge societal differences
3. Exploitation of invaluable & limited natural resources
4. Extreme environmental damage
Apart from this its not calculated here that "at what point it has degraded us as a human being". We don't know at what degree it has made us apart from each other in spite of living in a vibrant world using facebook, Blackberry & i phones. With all benefits of capitalistic and consumption base world economy we are facing worst economic slowdown ever had in human history from more than last three yrs, its more painful then 1930's Great Depression.
Recently in a study revealed by "Harvard Business Review" speaks "For capitalism to survive we need corporate leaders at all levels to be focused on creating real long-term sustainable value, political leaders with the courage to work to create a tax and regulatory environment supportive of value creation, and the best and the brightest to return to the business of creating rather than redistributing wealth."
Global economy is in immense need of restructuring world political and business regulatory platforms like UNO, WTO, IMF & World Bank and so on. We have truly connected each and every country through term 'Global Economy' but we could not succeeded to make stand all political power grids under one roof. What we all need is; true political leaders who can lead the world politics putting wellness of human race and sustainable development at utmost priority.
I guess capitalism has no solution for this collapsing economy. IT is now when we can feel how incisive Mr. Nehru were in his vision of making India. Mixed economy or in modern pu by Mr. Arindam Chaudhary 'Soft Capitalism' will save this world from disaster coming ahead in the name of recession.
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Yes sir we made economy global, now this is a right time to run this world with common political objectives. It would be the solution if we could either make fundamental restructuring at world platforms like UN or find a solution under we could make policies for the whole world (keeping in mind common objectives) not only for any particular country.
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