Are we witnessing the downfall of Capitalism

Are we witnessing the downfall of Capitalism,

We all know what capitalism means. Just to define Capitalism is the social system which now exists in all countries of the world. Under this system, the means for producing and distributing goods (the land, factories, technology, transport system etc) are owned by a small minority of people. We refer to this group of people as the capitalist class. The majority of people must sell their ability to work in return for a wage or salary (who we refer to as the working class.)

The Capitalist and developed countries which used to dictate the global economies seem to be witnessing a downfall. In other words what we term as recession. What do we attribute this to? In my opinion as we see the communication medium increasing,the world shrinking, the knowledge is being shared across the globe and not just restricted to a particular country or region. Today the definition of markets have changed due to internet and other channels of communication. We are a global economic village and not an isolated/dominating anymore. This being advantageous to the non capitalist countries who are able to manufacture both goods and services at lesser price and able to bring in the same value as compared to capitalist nations. Thus diminising the dominance of the capitalist economies.
As a result we are now witnessing a recession in more of the developed countries like US, Germany,Japan,UK... So will it be appropriate to say that are witnessing the downfall of Capitalism?? Time will tell...

Do not lose your core personality...

Friends,

We all know of the ongoing Satyam saga as to how Ramalinga Raju (Satyam CEO) fudged the accounts of Satyam and inflated the Balance Sheets. The man who was once recognized as one of the brightest entrepreneurs is now in jail for his shady activities. Its an appropriate anecdote of how human greed can make a fine individual to involve in wrong activities.

We all as individuals want to grow. But sometimes the need to grow faster in life leads us to lose our core personality and end up indulging in wrong doings.

As humans lets not lose our core personality for the materialistic pleasures of the world.

Respecting people, appreciate the world around you, enjoy the basic joys of life. Learn to be happy in life, paint a colourful canvas. Make a habit to learn everyday. bring some discipline in life. Love the world around you.

Ask yourself as to how would you like to be remebered?? I would like to be remebered as a fair person.

Hence never lose your core personality.