The Global Economic Meltdown, The Hypocrisy of the West?

The world economy is falling apart in the process revealing the hypocrisy and the fallacy of the West's economic philosophy, unregulated Capitalism. Are you as confused or worried as many people around the world are about this absurdity? Isn’t it ironic that in this new age ‘globalization’ when corporate... show more The world economy is falling apart in the process revealing the hypocrisy and the fallacy of the West's economic philosophy, unregulated Capitalism.

Are you as confused or worried as many people around the world are about this absurdity? Isn’t it ironic that in this new age ‘globalization’ when corporate profits around the world, especially in the US, are at an all time high, a time when physical and intellectual labor are cheaper than dirt, and when information you need to make the most intelligent and savvy business decisions is so readily available practically at the tip of your fingers that we have an economic calamity of this magnitude?


So what is the cause of this disaster? Is it one of 2 things - greed or incompetence? Or a third possibility, both. When you put them both together, unadulterated greed and unmitigated unprecedented incompetence, you get this type of catastrophe.

What is interesting about this is that “intellectuals” of the West have been contemptuously and arrogantly pontificating how there was little hope for what they call the third world because of the rampant corruption and greed that is so wide spread in the systems. Who says the politicians and political system are corrupt and rigged in the so called third world countries only?

Despite the incessant flow of propaganda to the rest of the world by the West, we are learning more and more everyday that politics in the US is really not that different from the rest of the world including Africa, Asia and S America where corruption and cronyism are rampant. It is just that the US, and for the most part Europe, have a sophisticated way running their corrupt system and are able to sell their propaganda in a more palatable way to the masses.
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