The financial crisis not happened till now in Bangladesh. We are waiting for the sunami to hit us. Migrant worker are coming back. But in small numbers compared to the total number of the workers. Some day it will be a large problem. Recesion is still rising. Its not declined yet. Export orders are declining. Exports are not declined yet. But we have some advantage. Bangladesh have the cheapest wage in the world. So works are shifting from china and vietnam to Bangladesh. We dont know when will the sunami hit us hard.
Financial crisis and climate change
We all talk about financial crisis. Front pages, editorial coverage are all on financial crisis. Its not the one crisis going on. There is food crisis going on which is pushed away from the front page. There is environmental crisis. There is evergy crisis where price went to the roof and it is not disappeared. All these are combined that is happening right now. These are not seperate pieces. These are the fundamental problem in the system.
Capitalism is based on market and self correcting mechanism of market is not working.
Is this a defining moment in the history of human kind. We saw great depression of 1930, and a generation later another great depression. We dont want 3rd world war to solve this issue. How will be the future of capitalism?
The current crisis is much worse than Great Depression. Because Great Depression had only financial part. This is a combination of many may issues. It is a big crisis and at the same time it is an opertunity for the human beings. To address in a different way to the design of the system. If things are moving well you dont need to fix it, you dont need to touch the system at all. Now the engine collapsed. It is a good time to open it up, fix it and redesign the system so that we can go back without these problems that we created by ourselves. Thats why we need to fix the problem of the capitalistic system that we are all belong to.
Capitalistic system is basically faulty. It is based on only one element of the human being. Maximization of the profit.
Shrinking of govt.
The whole system that have is a half way done system. Here human beings are presented as one dimensional thing. All they do is maximizing the profit. But real human being are not one dimensional. human being are selfish. But theoritision took selfishness and build whole theory out of that and called it capitalistic system. Adom Smith wrote two books. One is the Wealth of Nation and other is “Theory of Moral Sentiments”. That second book nobody paid any attension. There he talking about other dimansions of human beings. Human beings are also have selflessness. What about having bussiness out of that? Why dont we create a world with two businesses. One is selfish business which is about making money, which is good and other one social businesses.
Muhammad Yunus, Paranjoy Guha Thakurta
– from Loksabha TV.
It is more than sympathy. Its the only way we can provide sustainability. Gnu and Free Software is one example of such system.