Saturday, March 15, 2008

a topic not related to india. but very relevant to everybody.

looking at the subprime crisis unfolding in america where many big boys who have capitalism in their blood and who are lining up to the federal government of america for bailout, the latest being bear stearns (bsc), i could not help remember the following,
when big boys makes money mostly on others back, it is up, up capitalism all the way.
when those big boys are getting hit, it is down, down socialism all the way.

american sub prime crisis is a classic example of how free, unfettered, jolly make money capitalism will work much to the detriment of the entire country and potentially for the entire world.


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