I am talking about the transformation from G8 - G14. Please read the link below for understanding what it is all about. We have to do a postmortem to understand how this happened, over a period of time the G8 had become to some extent overconfident and to a great extent arrogant. The policies which were being formed were more to do with gambling and less to do with governance, this happened in the late 90's. Gambling is one addiction which cannot be cured, if this gets into the financial systems, we are bound to see collapses of Lehman brother kinds where a 150 year old institution just melts in moments. Impact is we have rampant job losses and decline in economy etc.
Hope with the new summit, we should be able to stabilize the situation a bit more. In addition hope the west starts understanding the meaning of conservatism. When communism died the world rejoiced upon it, when capitalism died the world gave it a silent burial.
http://timesofindia.indiatimes.com/G-8-is-dead-long-live-G-14/articleshow/4764431.cms
Friday, July 10, 2009
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