World controlled by a few
September 29, 2008 § Leave a comment
Asian stock markets continued its down slide despite positive news about the US Congress $700 billion bailout. Many analysts doubt whether the plan would really make a huge dent on the crisis. What worries me and I think many would share with me, is the noticeable slowdown of the global economy. A slowdown would result in low profitability and this, my friends, would make it very difficult for companies to expand their operations. Stagnation would invariably be the result of such scenario, given that no fresh funds would therefore be created.
What’s more worrisome is the fact that there will be a very slow creation of new wealth. Hence, existing wealth would therefore be concentrated in the hands of a very few. And you know what this means–control over the global economy and politics would therefore be so expansive yet so limited in the hands of a few. Resources will strictly be in the hands of a few who now control the decision-making levers of the world’s banking and invariably, even governments.