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Is capitalism losing the shine?

Created by : Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 08 01 2011 04:01:43 +0000
Industry : Asset ManagementFunctional Area : Capital Management(Corporate Finance)
Keywords : debt capital expenditure repayment
Activity:  136 views;  last activity : 10 03 2011 10:34:00 +0000

Recent reports indicate that debt trap is worrying Americans to plan $2.5 trillion cuts in expenditure  over the next 10 years. The President said the the first phase of the two-stage plan called for about $1 trillion in spending cuts over the next decade. The next $1.5 trillion in savings must be found by a special congressional committee by the end of December.The Senate and the House of Representatives may also pass the proposal. Do you think,that American policy makers have committed blunder for not proving for debt or allowed the politicians to allocate  unnecessarily funds for extravagant missions abroad.

  
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Wrong priorities Vs Wrong plannig
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Its nothing but wrong priorities. See the protests and beheaviour of protesters there in New York, one can find the similarities with the protests in India. This tells us that when the financial situation is good, everything looks like going on well. When it tumbled real colours comes out. We cant compare India with US. They are 50yrs., ahead of us on technology and development. But, the greedy corporate world there making the mess. They are the pressure groups there. They are losing shine in the eyes of the people. With whatever name you call, when people are began not feeling happy with the administration they vent out their feelings in different ways. US is not an exception to it. I believe the foundations which are hitherto considered as the strongest now began shaking. President Obama knows it very well. The best thing here is that he is not an Indian politician, he already has taken some corrective measures. They will be working.
By Srinivas suravajhala, Asst. Manager.  | 10 03 2011 10:33:58 +0000
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 I am moving forward to readers and contributors to offer their comments with recent spate of protests in NY against Wall street.

The jasmine revolution is now at the door step of America.The GEN'X & GEN'Y are all turning inside out to claim their place.The bane of capitalization is catching up America and their policy makers.A large population throughout the world is restive and demanding equitable distribution of wealth.The sooner it is realized,the better it is.

 

 
By Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 10 03 2011 04:28:45 +0000
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I do not think that capitalism is losing its shine. It may look like capitalism is loosing its shine because they are diluting capitalism. It is certainly a case of wrong planning but they were aware of this planning and hence it is a case of 'wrong priorities'. Yes, they got themselves involved in a few missions for a long time. They should have gone for quick and short missions abroad.

I wouldn't blame the United States for 'maintaining supremacy'. Somebody has to maintain supremacy for a kind of a peaceful world and it is good that some sensible and literate people maintain this supremacy rather than by some thug and rogue nations.

I will also not support the argument that "...they are not caring their own people". They have one of the best social security system in the world. Any honest hard working man/women can survive in that system. That system is not for the lazy and anti nationals.

Yes, when they are one of the most powerful countries in terms of might and wealth, they might make some mistakes. I am optimistic that they will get out of this soon.
By Munshi Ramchand, Retired  | 08 01 2011 04:50:36 +0000
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Mr. Bakhsh, you are right. In order to maintain supremacy over others, they have misplaced priorities. Obama's predecessor would have tide over this by waging war against Iran or Libya or Egypt. In India also, if we factor in the commitments to purchase arms, ammunitions, tanks, fighter aircrafts, and financial aid to ailing countries when our politicians visit abroad to woo the foreign countries, our economy would also go topsy-turvy!
By S. Muralidharan, Executive Director, Knowledge Foundation & Campus Around the Corner  | 08 01 2011 04:36:06 +0000
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I am arguing that present financial predicament is due to wrong priorities.USA as a Nation has misplaced priorities and is spending a lot on missions just to prove that they are supreme leaders.In asserting themselves,they are not caring their own people ,but the world order. Since globalization,Stock markets are linked with their markets and sensitive enough to create flutters for worries.As  reports suggest,70% of Investment in the market is from Americans.They may withdraw and affect the very strength of the markets.By their extravagant claims,is Capitalism going the communism way? 
By Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 08 01 2011 04:01:43 +0000
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