Fear a Primal Human Race

The world has had enough of the bright, starry American Dream. The market driven dream of opportunity for all has shattered and has taken down the world with it. Shattered dreams of the night with eyes closed do not cause much pain, but when it is seen with eyes wide open, the pain becomes unbearable.

Whenever we thought of the failure of a number of large and small countries with socialist ideologies, we thought why such muddle headedness in ideology when the panacea is available right in front of us, the glory of America and the West, the CAPITALISM.

Whosoever was not leftist was for market driven economy. Never did we shun from deriding those leftist whenever they preached restraint and gave N number of examples of the failure that is the leftist ideology. When some socialist bastion society wanted industrialisation from private investments, the rightist proponents cheered their victory and thus further hammered the nail of the widespread acknowledgement of the fact that capitalism is truly the panacea of all the evils in this world. Adam Smith must have laughed from his grave that day.

But when being market driven took the turn of greed, is nobody’s understanding. Capitalism became hedonism and people always thought the collective will of each person to excel and yearning of each of us to earn more and lead a better life will do a collective good for the society? But we have moved much ahead from the days of Smith, so wasn’t it expected from us to be more discerning? But no, we gave in to our primal instincts, to be hedonist and greedy.

Such greed took the whole world down and today we are on the brink of an economic catastrophe. Unemployment is rampant and so is global trade and commerce because of colossal imprudence on the part of some countries. But what is stranger, is changing the mindset of those very people who caused the catastrophe has become so difficult. The massive banks which lend to people so indiscriminately and got into trouble and subsequently got bailed out with tax payers money, are again resorting to astronomical bonus payments to its employees so that they can once again create a future conducive to another crisis.

So the proof is conspicuous enough that capitalism, just like socialism doesn’t work in isolation. What is needed is an optimal mix of capitalism with regulation. A deregulated market can never sustain itself and is bound to go out of hand just as human greed never remains in control. A hedonist, greedy human race needs control just to ensure greater good for the maximum number of inhabitants of the world.