murali772 - 8 November, 2008 | Bangalore | environment | Analysis | Economy | Economy

Well, that recession has, since then, blown up in our faces as companies, banks collapse and governments rush with billions of dollars to their rescue. And myopia seems a global malaise. What should astound us is not the crisis, nor its scale or its devastation, but the response of our financial and political managers. Remember, these are people who have all studied alike; who all speak the same words and do the same done things. All of them believe they know their world and can come up with answers quicker than you can say ‘meltdown’. So, even as they are completely lost in this world today, their arrogance persists. First, they said, "Don’t worry, it won’t touch us". Now, they are saying, "Don’t worry, it will pass".

For the full text, click on:
http://www.downtoearth.org.in/cover_nl.asp?mode=1

Ms Sunita Narayan at her best - do not miss this!

Muralidhar Rao

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