Wow, i almost couldn't recognize my blog. It was left stagnant for so long. But it's ok, i took time out of my revision for my finals to say something that is relevant, and applies to almost every aspect of the world issues.
Inflation is a hot topic these days. US economy downturn is a hot topic these days. National crises are definitely hot topics for most countries in the world.
Prices are going up. Food price, oil price, let's just say, everything is going up! Shortage of food and water in many countries is happening.
Professional economists and analysts are trying to put up theories of why all these are happening. Demand and supply is certainly one of the most concrete reasons behind these issues. People are coming out with reasons and complicated analysis of why are all these happening.
There's no need to put up complicated theories. There's only one reason behind : GREED
People just want more supplies for themselves. China is keeping all the oil for itself and thus increased the demand for it, that's why oil price is now USD 108 per barrel, as compared to USD 78 two years ago.
People are fighting to become the economic power and thus neglecting their environmental responsibilities of protecting this beautiful earth that God has created. As a result - climate change has caused disasters of bigger sizes, and the inability for crops to be produced effectively. Thus increasing the shortage of food, and food prices.
We can go on and on discussing the different issues happening today. Political instability, economical underperfomance, and social issues do not need complicated theories to explain why they happen.
The reason is GREED.
Tuesday, September 2, 2008
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