Yes I am a Whiteman, Yes I belong to a developed nation, Yes I have ruined my finance !
It happened some time back in the 18th century, an old man Karl Marx who died in the era, noticed to be the most-hatred person. When the Europeans bloomed under the industrial revolution they made Marx nothing less but a devil itself. The devil who had opposed the mankind progress and wealth prosperity. Further this devil made all stale theories to exploit one’s happiness.
One was Santa, while the other was Marx. Both had a beard worth the Niagara Falls.
The devil had lived in extreme poverty with filthy skin that suffered with boils and carbuncles, all happened due to the unhygienic state. The issue prevailed all around his family, on some occasions with his Capitalist father while on other with his wife. To embark upon his education, he graduated his PhD at the age of 24..Recalling the Devil Himself
The Excess of Spending and Lending recalls Marx and his philosophies back today, though it happens for just a small duration. Eventually it is capitalism that drags a human mind. The present day European crisis have nothing more in store than to remember what Marxist schools had said before making a critic of their policies. 1 Currency = 1 Destruction
The second largest and traded currency in the global economy, “Euro” used in 17 different nations has provided for a European Sovereign Debt Crisis. Contrasting upon what Marxist school had warned them before
• Theories that contradict practice– The capitalist system of a common currency has beauty and points out to be quite logical. It would save enough time and would further facilitate trade and long term planning and investment in the economy. But the practical aspect has all destruction to happen as it did happen. All currencies happen to be locked in a system with no agreed exchange rate hence restoration by devaluation of currency during crisis fails out and off.
• No Devaluation – In an attempt for a domestic solution at home, unemployment and deflation often happen about. It happens to unease the difference between different states and classes that lie under the same state. It sketches out a monetary unit that is unviable at large and which creates large conflicts.
• Anarchic Capitalism– It’s no secret that the capitalism has a very anarchic nature. The different ideologies of different nations that could be dragged under common currency system with a common control, is clearly a false statement. Who happens to be favored when a state demands for a high interest rate while other for a low.
• Never ending recession – The idea that a common currency could end the ghost of recession is ideally false. Grants and lending could just stimulate the economy for a time being but it can’t get over. All the burden of recession to be met by member states unaided is not viable. The only outcome would be the rich economies growing bigger while poor being poorer. It was Karl Marx who predicted it in the 18th century and it has happened for Germany and Greece.
The present day economic crisis in Europe has certainly shed enough blossoms over the graveyard of Karl Marx. It always had enough light to be visible, just that capitalism had more fancy tubes. It is the state welfare that happens to keep the individual welfare, well understood in Europe for now.
The European socialist societies had earlier shared far healthier and educated society. Even when Marx ideas had been imposed with some intolerant communism, people got liberated from the ancient traditions that had locked them into monarchy or corrupt dictatorship.
Events happen to move faster than the speed of the light, stocks freefall around the world and crisis happen to be a packet of biscuits with different brands. Some are found in the American continent while others in Pakistan and Europe.
The idea of capitalism being false in nature has been well- noticed. Not to contest on the implementation but it is the ideology that makes a difference.
The Soviet-Union fall has thrown enough light on the unprecedented ideological difference against the ideas of socialism. It has been considered offensive and the Berlin Wall fall had made the ruling class ecstatic. The capitalist dream for a new world based on peace and prosperity and an undisrupted high growth rate happened to lie under the common man desire.
All these illusions of a capitalist thinker have happened to be shattered and turned to dust. The promises have not been kept and the current crisis remains to be a danger for the global economy. The heavy debts of banks to government have created insecurity today. Further, what had failed in Soviet Union was never Socialism or Marx but a bureaucratic caricature of socialism that created all forms of corruption
Be Proud To be a Marxist !