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Wednesday, June 3, 2009

[ALOCHONA] American values and bankruptcy



I do not know much of American Values though I keep hearing the phrase.
 
Myth like institutions- GM, Chrysler, Ford seems created and carried the values, today legally they do not exist with their boards.
 
AIG, Citigroup - insurance, banking all fell ill, require vaccination. A high dose of steroid may bring back the most needed activities. But question rose how imperialism or free market economy got this 'heart attack'. We heard loud enough 'communism' is not sustainable in terms of its economic and social philosophy - Greed is good, competition is good and so on.
 
Than have seen Union Carbide in Bhopal, Enron in Uttar pradesh, Cheveron in Sylhet. greed comes with fire and goes with blood and takes life, then commit suicide.
 
What system should contemporary economists would pursue now?
 


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