I belief the most talked or may I say the most favourite subject currently being discussed is RECESSION. This issue really bugs me a lot and am sure others too may share the same view. The issue will more or less will eventually determine our capabilities of supporting a progressive civilised society.
America is technically is in recession. What is recession? Technically a country goes into recession when the economy registered negative (-ve) growth for two straight consecutive quaters. It started in America and rapidly spreading to Europe and probably to the rest of the world. Iceland is the first casualty and is tecnically bankrupt.
It started very slowly and is now spreading like a wild fire. If left uncheck it will turn into a world wide recession like we never see before. God forbid all this. The west are fond of expounding their ideals "total western like democracy", "level playing field" in the name of free world trade, follow rule of the jungle "survival of the fittest", folow and expound policy of state non-inteference". The lists can go on and on. Practically I may say the lists can be "endlessly". What is these all means?. They preach and ply it tirelessly and relentlessly. Generally it is a form of trade barriers and restriction in disguised, means to safeguard the interest of the west.
Countries and groups that did not subscribed to these ideals are severly repriminded, diplomatically isolated and worse trade restrictions and trade embagoes are put in place. In some instances or in a worse case scenarios the country's independent was trampelled and militarilly invaded.
Countries of the West and America spend billions of dollars on military and occupying non-comforming countries. All these are generally unproductive and thus will naturally effect it economy. America is now classified as the biggest deptor nation in the world. It citizen will have to pay and continue paying for generations to come. Recently I read articles saying that some of the American can't afford to see doctor and start doing self diognosing themselves. They even concoted their own home made remedies or medecines. Shame on America and this is happening in the world's biggest economy and the most powerfull nation in this planet earth.
So if we tract back to our history (which we never learn) and past deeds, the current recession or economic tsunami is veruy much due to our very own doing, greed and foolishness.
