Monday, March 9, 2009

Asking a disease to give health

Bank after bank, company after company, institution after institution, industry after industry, CEO+CFO after CEO+CFO, economist after economist are shouting hoarse on fighting recession. But your focus is misplaced my friends. You want to fight symptoms. But we dont fight symptoms, we only alleviate symptoms. We treat disease.

Recession is not the disease but only a symptom. As was the preceding economic boom not a sign of good health. It was nothing but an edema, a bloating. There was nothing that had happened in real terms that indicated to such a economic boom.

USA had not allowed millions of aliens to get in and buy houses neither had it shrunk in size to suddenly make land scarce. But land and home prices rocketed through sky. GDP grew like nothing before. Oil wells did not suddenly go dry neither the poor people of Chindia started commuting by air planes. So neither the supply shrunk nor the demand rose dramatically but oil prices hexapled in less than five years. Speculation was rampant and gamblers went on rampage. And you, my friends, called it economic boom. It wasn't that you were ignorant, it wasn't that you were naive. Frankly speaking you were party to the milking of societies in the manic euphoria that had been created. Organizations got their money, speculators got their returns, governments got their votes, economists and academicians got their laurels. But where did all this money, all this welath suddenly came from. It wasnt grown in fields, it wasn't manufactured in factories, it wasnt carved by people, it wasn't mined out of earth, it wasn't absorbed from sun! It was perceived in the over inflated balloon. You, my friends, knew that some time the balloon is going to get deflated to its original size. But you did not expect that it will happen so soon, you did not expect that the balloon will burst.

So, my friends, stop feeding the disease. Instead of putting those billions into skewed concept of economy and to crooked maneuverers, give that money to those who have been victims of such euphoria, who are loosing their jobs, their daily bread-n-butter. Use that money to feed them now and to help them feed themselves in future. Instead of bailing out companies who freeze and transport fish from Sweden to China and processed cans back from China to Sweden, use that money to help both Swedes and Chinese learn feed themselves and have luxury within their own land.

Booming hospitals imply weaning health, but it increases GDP. Senseless running around is madness, but when its done in cars it increases GDP. Friends, please give us a break. Just wait, stop, close your eyes, take a deep breath, release it very very slowly. Probably a different picture is emerging in front of your closed eyes. A different concept of economy which is stable, healthy and sustainable!

Amen!

2 comments:

Anonymous said...

in the usa, we are not only not addressing the disease but are giving over $700 billion to those(speculators/bankers) responsible for this mess in the first place.

Narendra Damle, words to speak and a heart to listen said...

My favorite quote by John Holt is quite pertinent here : "Sign of a truly developed society is not how much bu how less a man needs to live a comfortable life"

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