DEMISE OF CAPITALISM AND FREE ENTERPRISE
Is there a new model arising out of the ashes?
Ongoing violent protests in major cities around the world are crippling developed economies.
What started with an overt war against business in India by the Nazalites in 2008, has now spread world-wide and has effectively stalled foreign investments.
At the time, Manmohan Singh, India’s Prime Minister, called this a Maoist war against “all economic activity” and a great threat to India’s prosperity.
He was correct. Coupled with the food and water wars that raged across the world in the past decade, the wealth gap has widened and the tipping point has been reached by the world’s poor. They are turning to violence as a last resort.
The recent G7 meeting has finally admitted that that capitalism has failed to serve the needs and best interests of the majority of the planet’s people.
Whilst bio-tech and nano-tech have fuelled strong growth globally, this new wealth is not being shared fairly. Billions have lost hope – fuelling spiraling anger, violence and disruption, and a shift to more socialist models.
The new UN Secretary General, Sonia Gandhi, revealed advanced plans for a radically new global trade, productivity, tax and social aid framework, with overwhelming support from member nations.
This may signal the end of capitalism as we know it. The plan will ensure more responsible capitalism, economic creativity and more equitable wealth distribution. If implemented, this could be a win-win imperative for rich and poor.
Warning: Hazardous thinking at work
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