Recession

     Recession, debt ceiling, economic collapse and many more these are the latest news makers. Here is the MV’s take on them. What is money? How did it come to existence? In the early days the basic need of every man was air, water, food, clothing and shelter (sky and earth). As civilizations developed the means and types of the above commodities have changed. Initially work could directly produce all the above commodities. Air and water was available by nature, food and clothing was obtained either by hunting or farming and weaving during this period all men where jack of all the trades but as men started to become masters of specific trade they needed means to equate their amount of work and hence came the currency and gradually upon it was built the modern day economics.

     As depicted in the movie Peraanmai, the fundamentals of our modern economics is in such a way that any quantity can be made worth a billion dollars if majority people like it. It has become like horse racing, where I bet some amount on a horse which is not related to me and the amount I bet gets multiplied by the efforts of the jockey and the horse. The socio-economic system of the modern world has changed to such a manner where the work done by the mass is converted into huge profits by some elite few and hay is provided to the masses. Facebook is the best example for the billion dollar story, just because it is a hot stuff in the world at the moment the venture capitalists are investing on a normal social website and increasing its market value but does the social network provide any of the basic needs, I wonder!

     Am I suggesting that people should go back to the stone ages! No, the tendency of the modern economics is like the poker game it is very volatile to speculations and interconnected to various governments on the globe. There is no complete looser and no single winner. Hope all these speculations don’t bring UK like situations in other countries as well :P