Save yourselves

The casualty list from the credit crisis does not stop at investment banks and Iceland. The idea of the international bank is also coming under pressure.

The argument that being in lots of countries diversifies risk looks thinner now that the downturn has the world economy in its grip. A brace of regulatory initiatives also suggests that national authorities have become much more focused on their own interests.

Global crisis and India

HS Mehtani
Karl Marx is said to be an economist who had laid down the tenets of economic equality and socialistic pattern of society to fight imperialist and capitalist societies. Actually it was fight between the state controlled economy and against the free and liberal economy. The magic of Marxism engulfed almost half the world for rhetoric of equality it offered.