Frankly, I'm shocked going through the press report that 44 million people in US are living in BPL.This is 14.4% of the the country's total population of three hundred and fifteen million. For us Indians, specially for the middle and upper middle class folks, America has always been a coveted greener pasture where you get all the goodies without much of an effort. But what do hear now? Ever since the economic meltdown in 2008, the country has declined economically for sure, but is not this revelation a bit too scary? BPL, so long a phenomenon of developing countries, is now a fact of life in your dream land of milk and honey. Oh, capitalism!
Cuba, that hallowed citadel of socialism, which fought relentles battle against Imperialist forces since 1959 under the able leadership of Che Guevera and Fidel Castro, has now landed in a deep crisis.Their much avowed socialist policies of food,shelter and employment for all, have got a serious beating.Their economy is in a shambles. Raul Castro,brother of Fidel Castro and now president of Cuba, has recently announced that the onslaught of sanctions by USA & its allies on all items barring agricultural products and medicines, has left him with no other options but to resort to stringent measures such as phasewise retrenchnent of workers. Oh, socialism!
The bottom line is, no system - or doctrine for that matter - is full-proof, and guarantees any secured livelihood of the mankind. It's fair to conclude that at a certain point of time any structure / concept on which the administration works, crumbles irrespective of the world order.
Of late, the Heads of 189 countries at United Nations have vowed ,as part of their Millenium Goals. to eradicate poverty, stop climate change and overcome economic crises all over the world by 2015.
I wonder if it is going to be another exercise that ends up in yet another system failure.
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