Tag archive for ‘Economics’
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Myth of Improvement of Economic Recession
By Adarsh Chandrakar World economy is facing the worst time since the great depression of 1930. This recession started with the reduction of Business and Banks having the credit crisis for conducting their further business in December 2007. Banks either started defaulting or getting acquired by other bigger banks. This resulted in huge job loss [...]
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Casino Capitalism and Collapse of the American Economy
By Susmit Kumar, Ph.D. ABSTRACT With the advent of internet technology and subsequent integration of national and global economies in the last couple of decades, brilliant brains have devised methods to generate money for millionaires and billionaires by moving money from one place to another any place in the world by the click of a [...]
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A New Vision of Development
The rationale behind the current model of global development was first advanced by U.S. President Harry Truman in his inauguration speech before Congress in 1949. In his address, Truman spoke emphatically about the deplorable conditions of the poorer countries. He defined them for the first time as “underdeveloped areas.” In one grand, rhetorical sweep, Truman [...]
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Economic Democracy, World Government, and Globalization
From a political and moral perspective, the US-led war against Iraq was an unjust war. While military force against a brutal tyrant like Saddam Hussain may be justified, it should always be a last resort, after all diplomatic means have been exercised. Moreover, if such a military action is finally undertaken, it should be led [...]
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How Corporate Law Inhibits Social Responsibility
A corporate attorney proposes a ‘Code for Corporate Responsibility’ in state law by Robert Hinkley After 23 years as a corporate securities attorney-advising large corporations on securities offerings and mergers and acquisitions – I left my position as partner at Skadden, Arps, Slate, Meagher & Flom because I was disturbed by the game. I realized [...]
