The Hindu Business Line : Driven by greed

Besides, its also so funny to see the Fed still trying to fool the whole world into saying that it will do what it takes to control the current mess, without realising that now the ball is not in their court anymore, and that the world has started to not take whatever Americans have to say, on face-value.

I just hope that the Indian policy makers are neither arm-twisted nor blindly ape America in all it does.

India would much rather go with the European approach of ‘slow and steady’ and a combination of capitalism and socialism, rather than total freedom, which is bound to be abused sooner than later, since all humans are driven by short-term myopic greed, and that’s not going to ever change.

Chaitanya Dalmia e-mail

Unplugged loopholes

Thanks for the excellent piece on the US economy (Business Line, March 19). The world is undergoing a polarisation and drastic changes are seen in many areas.

The risks associated with financial management have indeed grown very fast.

The chaos created by the hedge fund issue is enormous. You have rightly said about derivatives that they have become WMDs. Their impact will be felt sooner than later. Are we ready to understand the outcome and pitfalls?

Every disaster will affect the economy and our huge population. If the 360 degree turn happens in the US, then China will be biggest winner among emerging economies.

Rajesh Padmanabhan Mine Accountant, Kagara Ltd Queensland, Australia

More Stories on : Letters | Financial Markets

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Oil logic

Retrospective liability under the MAT

A narrow view on charity

Clear the air for the heirs as well

IMF grappling with fiscal woes

Entertainment & Media: Demands that await a break

Adjustments to book profits

Driven by greed