Monday, September 22, 2008

Is Capitalism failing?

Socialism or communism say that everyone is equal. When everyone is born different how can they be equal or how can they be treated equally.

There are numerous examples of nations failing because of following socialist / communist framework. These frameworks after a period of time were rejected by people. It is a different matter that people's voice was kept suppressed. The duration of suppression was the life cycle of these systems.

A fall of an organization cannot be considered in any way as failing of capitalism. Afterall you need to generate capital to distribute it. If there is no capital what will you distribute.

Accumulation is in human nature. Wealth is one many things that we all try to accumulate. So it will be going against our natural behaviour not to allow accumulation or to tax it heavily.

The very fact that we are communicating through this blog in India points that we have come a long way. This way was paved for us by disassociating ourselves with socialism. Shall we even now think of something which have failed us for years. Shall we revisit it as if it brings fond memories. My answer is no. Capitalism is the only way.

While around the world organizations fail, it is time for Indian organizations to lead. This is our time. Let us not have any other thoughts, other than leading the scenario.

1 comment:

Sameer Gupta said...

I agree.

I see a lot of opportunities even when some large corporates are failing. Buying risk and taking risk at this time would definitely be fruitful.