Category Economy

America Without a Middle Class .

History teaches us that without a strong middle class , it is an invitation to revolution, as French Revolution has demonstrated.To day, not only US, but countries like India are traversing the Capitalistic path with out bothering about the poorer classes, with their obsession with Stock market.Mere creation of wealth will not guarantee stability to society.Equitable distribution of wealth has to be ensured.Detailed blog on Communism in this site deals with it.Communists have missed the bus because of their obduracy and obsession with verbosity.

Dubai Debt Troubles Push Down Stocks in U.S. and Asia

A country which is a thinly veiled totalitarian State,to which world has turned a blind eye because of oil,a country where Human Rights violations can not even be voiced because of monetary clout,a place where people flocked to to work for a people who do not know what to do, a Head of the country who is not accountable to any one, where economic transactions are limited to family coterie, with generous doles to foreign corporations, where ordinary citizens have been led to believe building skyscrapers could lead to their happiness, has burst.
Worst is yet to come.