Getting back at the Capitalists !!!!!!

The classification of first world, second world and third world is going to be in an upheaval once the economic meltdown comes to an end. The pride and prestige of modern economies like popular brands, latest technologies and smart brain power will be flowing into the growing economies of India, China and Brazil.

It is quite evident that we are witnessing phenomena of reverse imperialism taking place world over. The old world industrial masters and their expensive toys are in disarray and turmoil. It is not surprising when world over the industrial giants are shrinking and very few economies can boast about single digit growth rates, International brands and giants are up for sale.

So coming back to our topic of reverse imperialism, we are finally able to get back at the hundreds of years financial oppression and looting. We are able to stake our claims at their Kohinoor’s of wealth, we have been able to acquire giants like Jaguar and Land Rover, China is in the process of buying Hummer, what next. World over there is a stigma towards Chinese and to some extend even Indian Products. They were considered to be of lower quality and low on the trend index, now this condescending attitude will have to stop.

If the meltdown continues at this rate for few more years, I won’t be surprised to find a Brazilian Ferrari or an Indian Airbus. So where do we go from here, will India become the next global manufacturing hub adding to its profile of a cheap outsourcing destination. And when we are growing and they are shrinking will we be able to get ahead in the market size indexes.

The questions are many and yet we have very few answers, but the one definite outcome is a leveling of snobbish attitudes among the so called developed nations. This phenomenon was a necessity to level the human ego and start a new era of equal opportunities. The WTO should play a more constructive role in the new era and stop policing from mountain tops. We have to accept the fact that capitalism is not all picture perfect and better than the so called evil socialists. We should work towards a more adoptive economic system where the capitalists and socialists have an equal role to play.

When our local small scale industries were quashed by cheaper imports and self employed craftsman were left helpless, the globalization effect didn’t look evil to the capitalist masters. But when the incomparable manufacturing cost and cheap technical skills of our rising economies left hordes of people jobless in the developed world globalization has become evil perpetrators in their demise.

Iam not against the enterprising nature of humanity or the opportunistic ideas evolving world over, but there has to be constructive regulations in every society and the absence of it can lead to very dangerous scenarios. We are at a juncture where we should be responsible enough to mend our established norms and practices. Banking sector should not be lured by gains from ill mannered, short term instruments. They should be ethical enough to disclose all hidden terms and conditions rather than keep the customers in the dark. Lets hope for a brighter tomorrow a new day a new hope.

adios