The Real Cause of Recession

Dear Mr. Mathew, Executive waste is only one of the reasons. My view is that unbridled greed of the Industrialists concentrating more on manipulation of money market to make quick wealth,  instead managing their core business with hard work and honesty is the main reaon.   I am sure a correction is overdue based on the following:-

1. Why a moderate good quality Car should cost more than a moderate house? Why our indegeneous manaufacturers are not able to produce vehicles and other materials of equal or better quality  compared to the imported ones and the ones manufactured locally by them in India?  Why the HM is langiuishing while every other foreign brands here are able to grow?

2. Why 1000 acres of arable land is required for a 'Small Car' factory. Welligton Island in Kerala which occupies a Major Port,  The Naval HQ,  Air port, Railway terminal, many big godowns and other related infrastrure,  is only 800 acres.  

Why is it necessaryt to take over cultivable and fertile agricultural land from farmers, for SEZ; and that too in thousands of acres where lots of waste lands across the country begging for development ? Why are we exporting most of our national wealth in raw form dirt cheap,  and import the finished products at very high cost? Why is that we have to import Telecom Hardware and soft ware from foreign companies while our telecom PSUs, lot of infrastructrue and excellent manpower are idling?. 

3. Why private oil and natural gas explorer is allowed to export the countries natural wealth while the country is importing  most of it's need?  Why is the industrialist go on increase the prices commodities like Steel, Oil etc., unresonably while Mother Earth never increase the cost of these?  For example unit price of the natural gas at the exploration point is less than 1 dollar, but look at  what price it is sold?  Similary Mother Earth give the oil free, and people put exorbitant cost to it.

4. Why are the land price and cost of buildgs sky rocketing for no reason?  Why good quality education and hospital facilities are so expensive and beyond the reach of comman man? Why a fresher is paid 5 to 10 times the salary of an already working person of ten years experience?

5.Why is it that while National and Private banks made huge profit year after year, they charge the customer for everything; from charging for every cheque leaf, for the credit in cash to one's account from an out station bank etc. etc? 

Why are there thousands and thousands of Mutual funds when most of the exisitng funds do not pay any dividend for years and the invest capital growth is negative and the fundmanger continue to live lavishly eating into investors capital? Why are companies allowed to bring in high value IPO's without adequate ordr book value in sight?  

6. Why is it that while fuel price went up by 5%, the govt. and private transport companies increased cost of travel & transport by 20 to 30% and not reducing it when fuel prices are reduced by 10%.

7. Why are our political leaders who shed crocodile tears about poor,  want to be cheered with huge flower garlands costing tens of thousands rupees while  the poor families they suppose to represent are langishing for at a day's meal and  500 families can have a day's food with that sort of money?

8. Why there was no commando unit in the most important city and why our security personnel do not have advanced wepaons, nutralising or sleeping gas grenades and training equal to the teen aged terrorists of Pakistan? Had the  ex-ministers spent some time to learn what their ministries are lacking, things would have been far better.

The list can go on.  The need of the day is a 'Correction' of mind set of various stake holders; in Private as well as in the government agencies across the globe, and that is what is happening now, not willful but out of compulsion. This correction is for a positive a change. Let us keep our fingers crossed?