Who are the responsible of Economic Crises?


  By Faisal Anwar

Who are the responsible of Economic Crises?

Today we have two big challenges; one is war against terrorism and second is current Economic Crises. Besides, struggling to counter the terrorism, World's economic powers are also worried to fight against another war which is current financial crises, which not only causes bankruptcy of world's biggest financial institutions but also damages many profitable businesses.

But here question arises, how this crises happens and who were the responsible of it? High life style, ignorance of rich countries and individuals to help poor countries & institutions, making such policies which cause to make rich richest and poor poorest, were main causes of this crises. For all of these reasons, we can't blame only some rich countries but somehow, as individuals we are all also responsible. Because all those injustice policies which widened more distances between rich and poor were not made by angels or other creatures but they were us.

Besides injustice interests, Real estate business was another reason of financial decline. Because for personal pursuits, property was made such an unjustly expensive that only rich people could afford it. Was that not a quite violation of morality and humanity?

After world war two, now we are facing the biggest economic decline. USA wasn't only its responsible nor USA alone can tackle it but we all have to work together to come out of this crises forgetting all of our differences and conflictions. Our world leaders have to tackle this financial crisis having strengthened financial institutes, ensuring that future policies should not only for rich countries, businesses & individuals but also these should be poor friendly. At end, one thing is sure that all our efforts can be ineffective if we are unable to establish the peace in our world, so to improve economic situation, we have to put our efforts make our world more safe and peaceful on the basis of equality, justice and self respect.

Tags & Keywords : Economic Decline



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ewritingpad

#1 Posted by ewritingpad - Jun 24, 2009, 2:26 am Rating: ratingfullratingfullratingfullratingfullratingempty Unrated

Very right! Peace is the most important element. Great thought.




JoelEsteban

#2 Posted by JoelEsteban - Jun 24, 2009, 9:51 pm Rating: ratingfullratingfullratingfullratingfullratingempty Unrated

nice one. short but well-written.




Maryanne09

#3 Posted by Maryanne09 - Jun 25, 2009, 8:49 am Rating: ratingfullratingfullratingfullratingfullratingfull Unrated

Great article on Who are the responsible of Economic Crises? :o) You make some really good points!





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